- Marcus Jacob
- 07 May, 2013
- New York City
Reserve Bank of Australia unexpectedly lowered its official interest rate by 25 basis points to 2.75%. Four largest banks said they will pass the full rate cut to investors. Market indexes rebounded from the low of the day but still closed down for the day.
- Mukesh Buch
- 07 May, 2013
- New York City
Allahabad Bank net plunged 68%. Dabur India expanded manufacturing in Sri Lanka and DEN Networks plans to raise nearly $160 million. Emami net climbed 39% and GSK net surged 38%. Maruti said vehicles production in April dropped 7.6%. Sintex net soared 66%.
- Mukesh Buch
- 06 May, 2013
- New York City
Apollo Global Management first quarter net soared 154%. BMC Software agreed to be acquired by investor group for $6.9 billion. Sysco third quarter net tumbled 42.8% and Westlake Chemical net climbed 40%.
- Nichole Harper
- 06 May, 2013
- New York City
U.S. indexes paused near record levels set last week on the back of easy monetary policy from central banks. Crude oil futures held firm despite a unilateral air strike carried out by Israel. BMC Software agreed in a leveraged buyout that valued the company at $6.9 billion.
- Nigel Thomas
- 06 May, 2013
- New York City
Direct Line Insurance profit after tax in the first quarter climbed 19.5% and Linde first quarter profit surged 10% to
- Nigel Thomas
- 06 May, 2013
- New York City
European markets retreated from five-year highs after retail sales fell and a private survey of factory and service sector showed a decline in output. Linde AG jumped to a 2-decade high on better than expected earnings. Statoil faces higher taxes from Norwegian government.
- Marcus Jacob
- 06 May, 2013
- New York City
Australian markets pared gains and the dollar edged lower and trading volume picked up. Retail sales in March declined unexpectedly 0.4%. Leighton Holdings reaffirmed its full-year earnings outlook. Tabcorp faces one-time charges linked healthcare taxes.
- Mukesh Buch
- 06 May, 2013
- New York City
ACC net surged 189% and Adani Power fourth quarter loss widened. Finolex net jumped 41% and Grasim profit rose 1%. Kansai Nerolac net surged 173% and Titan net climbed 28%. The Great Eastern Shipping net surged 70%.
- Mukesh Buch
- 03 May, 2013
- New York City
Automatic Data Processing said third quarter net slid 7%. AIG first quarter net declined 31% and Duke net surged 115%. InvenSense surged as sales and net climbed. LinkedIn net surged more than four-fold. Moody
- Nichole Harper
- 03 May, 2013
- New York City
The U.S. economy added 165,000 net new jobs in April and jobless rate fell to 7.5% and March and February data were revised higher. S&P 500 index crossed 1,600 after 13 years crossing 1,500 and the narrow Dow Jones crossed 15,000 for the first time.
- Nigel Thomas
- 03 May, 2013
- New York City
adidas first quarter net climbed 7% to
- Nigel Thomas
- 03 May, 2013
- New York City
European markets gained more than 1% on the back of better than expected U.S. employment data. European Commission lowered its economic outlook for the euro zone and European Union economies and the region is expected to shrink economies for the second year in a row.
- Marcus Jacob
- 03 May, 2013
- New York City
Australian market indexes traded flat after the latest private survey on service industry showed a contraction at the fastest pace since December. Westpac Banking reported 10% jump in first-half earnings and declared one-time additional dividend of 10 cents a share.
- Mukesh Buch
- 03 May, 2013
- New York City
Ambuja Cements net tumbled jumped 56% and Alstom secured order from BHEL. AstraZeneca net loss narrowed. Blue Dart net climbed 43% and Bharti Airtel sell 5% stake to Qatar Foundation. Bajaj Corp net surged 44% and Honeywell net declined 8%.
- Nichole Harper
- 02 May, 2013
- New York City
Stocks in New York traded higher after earnings were ahead of expectations and automakers reported best April sales since 2007. Ford sales surged 18% and General Motors and Chrysler sales increased 11% in April. Weekly jobless claims declined to the lowest since January 2008.