- Mukesh Buch
- 02 Jul, 2013
- New York City
Acuity Brands sales climbed but net slid and Schulman declined as sales and profit tumbled. Chrysler vehicles sales rose 8% in June and Ford Motor sales in the month rose 13%.
- Nigel Thomas
- 02 Jul, 2013
- New York City
Dialog Semiconductor agreed to buy IWatt for $345 million. Erste Group Bank sold
- Nigel Thomas
- 02 Jul, 2013
- New York City
European markets traded lower and jobless rate in the euro zone was revised higher to 12.2% a day after the scheduled release of data. Bank of England urged banks to lift capital reserve ratio earlier than five year time-table set by Basel committee.
- Nichole Harper
- 02 Jul, 2013
- New York City
U.S. stocks extended gains for the second day this week and factory orders increased 2.1% in May. Ford Motor said auto sales in June increased 13% and Chrysler reported 9% increase in sales and record June sales since 2007.
- Hiruki Nakamura
- 02 Jul, 2013
- New York City
Volatile stocks in Tokyo advanced for the fourth day in a row after the yen declined and approached 100-level against a dollar. After the close, Government Pension Investment Fund said it earned 10% annual return in fiscal year to March. Fast Retailing same store sales surge 20% in June.
- Mukesh Buch
- 02 Jul, 2013
- New York City
Ashok Leyland June truck sales plunged 31% and Bajaj Auto sales declined 14%. Tata Motors June sales plummeted 18% and domestic sales tumbled 32%.
- Marcus Jacob
- 02 Jul, 2013
- New York City
Reserve Bank of Australian held its cash rate for the second month but held out possibility of a future rate cut. Market indexes soared 2.6%, largest one-day gain in 19 months. Boart Longyear plunged 11% on debt rating downgrade.
- Mukesh Buch
- 01 Jul, 2013
- New York City
Citigroup agreed to pay $968 million to Fannie Mae. Intuit plans to sell its financial services unit to Thoma Bravo for $1.03 billion. Nokia agreed to acquire remaining 50% stake in Nokia Siemens Networks. Tribune Co agreed to buy 19 television stations valued $2.73 billion.
- Nigel Thomas
- 01 Jul, 2013
- New York City
European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.
- Nigel Thomas
- 01 Jul, 2013
- New York City
Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for
- Nichole Harper
- 01 Jul, 2013
- New York City
U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.
- Hiruki Nakamura
- 01 Jul, 2013
- New York City
Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.
- Marcus Jacob
- 01 Jul, 2013
- New York City
Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.
- Mukesh Buch
- 01 Jul, 2013
- New York City
GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.
- Nichole Harper
- 28 Jun, 2013
- New York City
U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.