- Hiruki Nakamura
- 14 Dec, 2015
- New York City
The Nikkei plunged on Monday and tested six-week low following the deepening correction in oil and commodities. Industrial production in October jumped 1.4%. Japan and India signed several agreements involving bullet train and nuclear power plants.
- Nichole Harper
- 11 Dec, 2015
- New York City
Stocks on Wall Street extended losses as oil and commodities reach new multi-year lows. Retail sales in November suggested sufficient momentum in the economy. S&P 500 index dropped 1.7% and extended weekly fall to 3.5%. European markets dropped more than 2% and dropped as much as 4.5% for the week.
- Lucy Stoeva
- 11 Dec, 2015
- New York City
Market indexes in Germany, France and UK dropped 2% or more and extended weekly losses between 3.7% and 4.4%. Market sentiment remained gloomy after oil, copper and iron ore dropped to multi-year new lows. Copper producer Aurubis tumbled 18% on a profit warning.
- Mukesh Buch
- 11 Dec, 2015
- New York City
Adobe Systems profit more doubled to $223 million on 22% jumps in revenues. Argan net slumped 13% and revenues declined 11%. Nordson net tumbled 31%. NCI Building Systems net surged 29%. UTi Worldwide net loss narrowed despite revenues plunged 18%.
- Marcus Jacob
- 11 Dec, 2015
- New York City
The Australian market extended losses and finished the week 2.5% lower as commodities reach multi-year lows. BC Iron suspended operations of Direct Shipping Ore mine. Woodside Petroleum approved natural gas development project with an estimated cost of $2.7 billion.
- Sarla Buch
- 11 Dec, 2015
- New York City
Market indexes in India extended weekly losses and dropped to 13-week lows. Sensex is down 8.9% in the year so far and may register annual loss for the first time since 2011. MEP Infrastructure secured toll collection rights in Uttar Pradesh.
- Hiruki Nakamura
- 11 Dec, 2015
- New York City
The Nikkei average trimmed weekly losses to 1.4%. Prime Minister Abe starts his visit to India after the approval of a $14.7 billion project for the construction of India''s first bullet train line.
- Nichole Harper
- 10 Dec, 2015
- New York City
Stocks struggled to advance on Wall Street after weekly jobless claims rose but remained below the threshold of 300,000. Import prices declined largely on the strength of the dollar and declined 9.4% from a year ago month in November.
- Mukesh Buch
- 10 Dec, 2015
- New York City
Ciena plunged out revenues outlook missed expectations. Cantel Medical net soared 28%. Hooker Furniture profit surged 44%. Ingles Markets net dropped 8%. Methode Electronics net declined 19%. Men''''s Wearhouse plunged 25%.
- Lucy Stoeva
- 10 Dec, 2015
- New York City
European market indexes extended losses and hovered near two-month lows. Accor agreed to acquire three luxury hotel brands for $2.9 billion. Centrica jumped after reassuring operating profit outlook. Ocado fourth-quarter revenues soared 17% to
- Marcus Jacob
- 10 Dec, 2015
- New York City
Australian market down following weak global markets and despite the positive jobs report. Unemployment rate fell to 5.8% in November and the Australian economy created 71,400 new jobs. Austal Limited tumbled 25% after issuing a profit warning.
- Sarla Buch
- 10 Dec, 2015
- New York City
Sensex in Mumbai halted 6-day decline after markets in Asia rebounded and investors searched for bargains. Shipping companies led the gainers after the government approved financial assistance to ships built in India. Bharti plans to launch 4G service in Rajasthan.
- Hiruki Nakamura
- 10 Dec, 2015
- New York City
The Nikkei average extended 3-day losses and the referenced index dropped to a five-week low after the yen advanced. The producer price index in November fell 0.1%.
- Nichole Harper
- 09 Dec, 2015
- New York City
Stocks on Wall Street meandered and crude oil price halted five-day sell-off of 10%. Dow Chemical and DuPont surged more than 8% after two companies were said to be in advanced merger talks. European markets trimmed losses.
- Mukesh Buch
- 09 Dec, 2015
- New York City
Dow Chemical and Du Pont are in advance merger talks. Yahoo! plans to spin-off its core business into a separate company. Costco net fell 3%. Korn/Ferry net tumbled 29%. Lululemon net plunged 12%. Vera Bradley net soared 49%.