- Mukesh Buch
- 07 Mar, 2013
- New York City
Bank of India raised $170 million from the central government. DLF board approved stock offering. Gitanjali plans to raise $250 million. NYSE Euronext sold 4.79% stake in MCX. Tata Sons and AirAsia won a government approval for its discount carrier investment proposal.
- Bikram Pandey
- 06 Mar, 2013
- New York City
Stocks on Wall Street extended gains and orders for machinery and factory goods that signal business investment surged in January. Private sector also added net new 198,000 jobs. The euro eased ahead of the ECB meeting. The Bank of Japan is expected to accelerate monetary easing.
- Hiruki Nakamura
- 06 Mar, 2013
- New York City
Tokyo stocks surged following the market advance in New York. The Nikkei soared to a new 4-year high and the yen eased as the central bank starts its last meeting under the present Governor Shirakawa.
- Mukesh Buch
- 06 Mar, 2013
- New York City
American Eagle fourth quarter net jumped 85% and Big Lots net rose 5%. AeroVironment third quarter net declined 33% and Fresh Market second quarter net climbed 13%. Seaspan net surged 151%. VeriFone first quarter net swung to $11.84 million profit.
- Marcus Jacob
- 06 Mar, 2013
- New York City
Australian GDP expanded at 0.6% in the December quarter and gained 3% in 2012, the fastest annual growth since 2007. However, the economic growth was uneven and growth drivers were softer than expected.
- Mukesh Buch
- 06 Mar, 2013
- New York City
Mavi Investment Fund sold 75 million shares of Adani Power. AstraZeneca India promoters reduce their stake in the company. Dish TV board approved divestment of Singapore arm. Central government divested 12.5% stake in Rashtriya Chemicals.
- Nigel Thomas
- 06 Mar, 2013
- New York City
Admiral Group fiscal profit jumped 17% to
- Nichole Harper
- 05 Mar, 2013
- New York City
Stocks on Wall Street extended gains on economic optimism. The narrow and legacy Dow Jones Industrial average surpassed previous intraday record in 2007. Service industry index gained at a fastest pace in a year.
- Hiruki Nakamura
- 05 Mar, 2013
- New York City
Tokyo stocks halted a 3-day rally as investors feared that the market gains of the last three months may have extended stocks. Fast Retailing increased after same store sales at Uniqlo jumped 9.6% in February.
- Mukesh Buch
- 05 Mar, 2013
- New York City
Ascena Retail second quarter net declined 7% and Glencore profit for the year tumbled 75% and merger date with Xstrata extended. Bank of Nova Scotia first quarter net climbed 12%. Xstrata profit for the year plunged 77% to $1.37 billion.
- Marcus Jacob
- 05 Mar, 2013
- New York City
Australian stocks closed higher after retail sales unexpectedly increased in January after falling for three months in a row. Reserve Bank of Australia left key rate at 3% for the second month in a row. Automobile sales in February increased 5.2%.
- Nigel Thomas
- 05 Mar, 2013
- New York City
Deutsche Post fiscal net surged 43% to
- Mukesh Buch
- 05 Mar, 2013
- New York City
Adani Enterprises share sale oversubscribed. Essar Oil received environmental clearance for coal bed methane gas. M&M third quarter net jumped 51%. Videocon sell 10% stake in Mozambique.
- Nichole Harper
- 04 Mar, 2013
- New York City
Stocks in New York rebounded after market indexes dropped as much as 0.4%. On Wall Street stocks extended world market losses after China issued tighter lending guidelines to curb rising property prices.
- Hiruki Nakamura
- 04 Mar, 2013
- New York City
Stocks in Tokyo traded higher after the Bank of Japan chief nominee said he favors forceful monetary steps and he is prepared to accelerate asset purchase program as early as this year.Futures trade was suspended in the afternoon on technical problems.