- Marcus Jacob
- 20 Mar, 2013
- New York City
Australian market indexes traded lower on the growing uncertainties in the euro zone and rising worries of weak demand growth for commodities in China. Resource sector stocks fell sharply on the worries that the iron ore prices may dip to $120 a ton in the next few weeks.
- Mukesh Buch
- 20 Mar, 2013
- New York City
3M India offer for sell of equity shares. Manappuram Finance said fourth quarter profits may drop. ONGC sign agreement to set up oil terminal costing to $750 million. SBI allots 12.99 million shares to the government. Government approved 10.8% stake sale of SAIL on March 22.
- Nichole Harper
- 19 Mar, 2013
- New York City
Stocks in New York accelerated the decline in early afternoon after lawmakers in Cyprus are likely to vote down a proposal to tax depositors as a part of international bailout. Home construction activities increased to a five-year high.
- Mukesh Buch
- 19 Mar, 2013
- New York City
Affymax plunged as the company seeks a buyer or may have file bankruptcy protection. DSW fourth quarter net jumped 40%. FactSet net advanced 5%. Lululemon dropped on quality problems. Walgreen agree to acquire a stake in AmerisourceBergen as a part of sales agreement.
- Hiruki Nakamura
- 19 Mar, 2013
- New York City
Stocks and market indexes in Tokyo rebounded after investors estimated that the risk from controversial depositor-tax in Cyprus spreading to the rest of the euro zone is limited. However, investors fear that the tax sets a dangerous precedent.
- Nigel Thomas
- 19 Mar, 2013
- New York City
BBC Worldwide agreed to sell Lonely Planet to NC2 Media for
- Marcus Jacob
- 19 Mar, 2013
- New York City
Australian stocks rebounded in the early hours but failed to stay in the positive zone after comments from the Reserve Bank weighed on the market sentiment.
- Mukesh Buch
- 19 Mar, 2013
- New York City
Asian Paints acquired 51% stake in Sleek Group. AGC Networks acquired part of business of the U.S. based Transcend United Technologies. GMR is exploring to bid for $400 million airport upgrade project in Philippines. ONGC may acquire 20% stake in the Mozambique gas field.
- Devan Biswas
- 18 Mar, 2013
- New York City
Cyprus bank depositors are facing a
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ameresco fourth quarter net climbed 40%. Cerner agreed to acquire automation solution provider Labotix Automation. Cynosure agreed to buy Palomar Medical for $294 million in cash.
- Nichole Harper
- 18 Mar, 2013
- New York City
Cyprus bailout conditions weighed heavily on market sentiment in New York trading this morning. Market indexes and stocks were in a broad decline and commodities eased as well. Gold gained.
- Nigel Thomas
- 18 Mar, 2013
- New York City
Banks in the euro zone declined sharply on the fresh worries of bank bailout after the euro zone finance ministers proposed a tax on depositors as a conditions for a Cyprus bank bailout. Airbus won an order from Indonesia base airline valued at a list price of $24 billion.
- Hiruki Nakamura
- 18 Mar, 2013
- New York City
The Nikkei index in Tokyo led the Asia-wide decline after the latest proposal to levy tax on bank depositors in Cyprus as a part of the bank bailout spooked investors. The yen gained but traded above the 94 level. Water Direct soared 150% after it opened for initial public offering.
- Marcus Jacob
- 18 Mar, 2013
- New York City
Markets in Australia and in Asia fell sharply on the worries that euro zone debt troubles are far from over. The latest proposal to impose a tax on bank depositors set off worries of a bank run in other troubled nations and knocked off commodities prices.
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ashok Leyland sold stake in IndusInd Bank controlled by Hinduja group. Indian government plans to sell 10% stake in Coal India. L&T plans to divest up to 20% stake in infrastructure unit to raise $500 million. Thomas Cook won an approval for secondary offering.