- Mukesh Buch
- 23 Apr, 2013
- New York City
Cairn India fourth quarter net surged 17% and HDFC Bank net surged 30%. Mahindra Lifespace fourth quarter net soared 95% and Persistent Systems net climbed 43%. Reliance and Airtel signed pact for international data connectivity. Tata Sponge fourth quarter net plunged 36%.
- Nichole Harper
- 22 Apr, 2013
- New York City
Stocks on Wall Street meandered. Existing home sales declined 0.6% in March but media price rose 11.8%. Power-One soared 57% after ABB Ltd agreed to acquire the company for $1 billion.
- Jeffrey Gogo
- 22 Apr, 2013
- New York City
European markets extended gains for the second day in a row following the sustained rise in Asian markets. The euro firmed against the dollar and the yen. UK plans to sell its stake in Urenco that may fetch as much as
- Nigel Thomas
- 22 Apr, 2013
- New York City
ABB agreed to acquire Power-One for approx $1 billion. Betfair rejected takeover bid of
- Mukesh Buch
- 22 Apr, 2013
- New York City
MindTree fourth quarter jumped 14%. Tata Elxsi net profit fell 1.5%. UltraTech net slid 2.6%. Wipro plunged on weak revenue outlook and fourth quarter climbed 17%.
- Hiruki Nakamura
- 22 Apr, 2013
- New York City
The Nikkei index in Tokyo jumped 1.9% to reach a new 5-year high and the yen dropped near 100-mark after G20 ministers avoided criticizing the latest monetary easing by the Bank of Japan. Investors are targeting the Nikkei at 14,000 before the year-end.
- Marcus Jacob
- 22 Apr, 2013
- New York City
Australian indexes built on the early morning gains to close higher for the second day in a row but iron ore prices trended near the low of the year. Australian dollar was one penny shy from the low of the year. OZ Minerals plunged 10% on lowered copper deposit estimates.
- Nichole Harper
- 19 Apr, 2013
- New York City
Tech heavy Nasdaq led the market indexes on Wall Street with a surge of 1.2%. Earnings dominated trading sentiment after Google and Microsoft reported better than expected earnings and IBM fell short of expectations.
- Hiruki Nakamura
- 19 Apr, 2013
- New York City
Markets in Tokyo advanced after Finance Minister Aso said G20 minister failed to criticize stimulus and the yen weakening. The yen is likely to weaken further and market indexes are expected to rise in the next two weeks as the earnings season gather momentum.
- Mukesh Buch
- 19 Apr, 2013
- New York City
GE first quarter net soared 14% but highlighted weak economic environment in Europe. Google net surged 16% and Honeywell net slid. Net income at IBM fell 1%. Microsoft third quarter net climbed 19% and Schlumberger first quarter net declined 3% to $1.3 billion.
- Jeffrey Gogo
- 19 Apr, 2013
- New York City
Financial markets across the European Union rebounded with a lift in resource stocks. Commodities stabilized at the end of a volatile week but weak global market outlook overshadowed market trading. Banks are ahead of schedule to repay a portion of loans from the European Central Bank next week.
- Marcus Jacob
- 19 Apr, 2013
- New York City
Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.
- Nigel Thomas
- 19 Apr, 2013
- New York City
L''''Oreal said first quarter revenue jumped 5.1% to
- Nichole Harper
- 18 Apr, 2013
- New York City
U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.
- Nigel Thomas
- 18 Apr, 2013
- New York City
Debenhams profit for the first-half slid to