- Nigel Thomas
- 22 May, 2013
- New York City
European markets trended lower as leaders of European Union gather in Brussels to discuss corporate tax loop holes and curb tax evasion with Luxembourg and Ireland in focus. Pandora tumbled after the largest investor lowered the stake in the cosmetic jewelry maker.
- Nichole Harper
- 22 May, 2013
- New York City
U.S. stocks traded higher ahead of the Fed Chairman Bernanke comments and the release of existing home sales data. Crude oil futures declined on the unexpected buildup in inventories.
- Mukesh Buch
- 22 May, 2013
- New York City
Aban Offshore secured contract worth Rs 1,110 crore. AstraZeneca sales grew 3.4% and L&T profit dropped 7% and plans to offer 3 shares for every two held. Oracle Financial plans to raise $181 million in a stock offering. Tech Mahindra profit surged 37%. Zee Entertainment revenue climbed 11%.
- Hiruki Nakamura
- 22 May, 2013
- New York City
Market indexes advanced to new highs since December 2007 after the Bank of Japan lifted its economic assessment for the fifth month in a row and did not offer any comments on the rising bond market yields. The yen dropped to a new 4-year low.
- Marcus Jacob
- 22 May, 2013
- New York City
Australian consumer sentiment index in a private survey declined for the second month in a row. Stockland completed its $400 million capital raising plan in an oversubscribed offering. Iluka Resources dropped 6%after it lowered full-year earnings outlook on weak mineral prices.
- Mukesh Buch
- 21 May, 2013
- New York City
AutoZone first quarter net jumped 7% and Best Buy net swung to a loss. Dick''s Sporting, TJX and Saks net soared 13% and Urban Outfitters net soared 39%. Home Depot net advanced 19%. TiVo net increased 13%.
- Nigel Thomas
- 21 May, 2013
- New York City
Burberry profit for the year slipped 2.2% and Marks & Spencer profit declined 6.5% to
- Nigel Thomas
- 21 May, 2013
- New York City
European markets stalled after a 3-week global markets rally. The pound declined after the UK inflation declined and home prices in London led the rise across the nation. Greek bonds rallied as the yield curve returns to normal pattern.
- Nichole Harper
- 21 May, 2013
- New York City
U.S. stocks edged slightly higher as global markets traded sideways after a 3-week rally. Hedge fund SAC Capital was in focus as regulators are said to seek the closure of the fund. Fed Chairman Bernanke is set to testify before lawmakers tomorrow.
- Hiruki Nakamura
- 21 May, 2013
- New York City
Retail investors in Tokyo drove market trading in Tokyo as broader market indexes wavered after a 9% rise last week. Softbank plans a $3.9 billion bond offering to finance its purchase of Sprint Nextel Corp. GS Yuasa soared 17% after United Air resumed its Dreamliner flights.
- Marcus Jacob
- 21 May, 2013
- New York City
Reserve Bank of Australian said constrained credit growth and weakening inflation provided a backdrop for the latest rate cut. However, Boart Longyear joined other mining contractors lowered profit outlook. Stockland is exploring $400 million offering.
- Mukesh Buch
- 21 May, 2013
- New York City
Coal India net profit surged 90% and Divi
- Mukesh Buch
- 20 May, 2013
- New York City
Actavis agree to acquire Warner Chilcott for $8.5 billion. Tesoro cleared to buy BP''s refinery and other assets in California for $2 billion. Websense acquired by Vista Equity Partners in $906 million. Yahoo agreed to acquire Tumblr in $1.1 billion.
- Nichole Harper
- 20 May, 2013
- New York City
U.S. stocks traded near flat lines on merger Monday. Warner Chilcott agreed to merge with Actavis for $8.5 billion. Yahoo raised questions after it agreed to acquire loss making Tumblr for $1.1 billion.
- Nigel Thomas
- 20 May, 2013
- New York City
FirstGroup declined on the rights issues plan and annual net plunged 78%. Impregilo secured Doha metro rail contract for