- Marcus Jacob
- 05 Apr, 2013
- New York City
Australian stocks traded lower in weak trading sentiment in Asia. Banks led the decliners and resource stocks closed mixed. Base metals traded higher but precious metals declined along with crude oil futures on the move in the U.S. dollar.
- Mukesh Buch
- 05 Apr, 2013
- New York City
GMR bid for airport development project in Philippines. Maruti surged on weaker yen. Power Grid board approved investment of $700 million. Shriram City hired banks for share sale of up to $182 million.
- Mukesh Buch
- 04 Apr, 2013
- New York City
International Speedway second quarter net declined 21%. Ocwen Financial completed the purchase of Liberty Home Equity Solutions. Provident New York plans to acquire Sterling Bancorp for $344 million in stock. RPM Intl second quarter net swung to loss.
- Nigel Thomas
- 04 Apr, 2013
- New York City
European Central Bank held its reference rate at 0.75% and Bank of England kept its benchmark rate at 0.5% and did not expand its bond buying program.
- Nichole Harper
- 04 Apr, 2013
- New York City
U.S. stocks rebounded after Bank of Japan embarked on aggressive and bold monetary easing with a goal to double monetary base and inflation of 2% in the next two years. U.S. weekly jobless claims increased more than expected.
- Nigel Thomas
- 04 Apr, 2013
- New York City
Booker total sales increased 3.5% to
- Hiruki Nakamura
- 04 Apr, 2013
- New York City
Bank of Japan embarked on bold experiment to end economic stagnation of two decades and doubled its asset purchase program and increase monetary base in two years. Economists fear that the latest experiment will create real estate and securities price bubble in Japan but financial markets surged.
- Marcus Jacob
- 04 Apr, 2013
- New York City
Australian dollar and stocks edged lower and retail sales in February increased 1.3% and new car sales jumped 7.4% in March. New home construction approvals in February rose 3.1%.
- Mukesh Buch
- 04 Apr, 2013
- New York City
Government plans to sell its 4.1% stake in Coal India to raise $3.67 billion. Crompton Greaves wins a contract worth $50 million in Netherlands. Hexaware signed a contract with the US based client worth $30 million. Diageo Plc agreed to buy a majority stake United Spirits for $2 billion.
- Nichole Harper
- 03 Apr, 2013
- New York City
U.S. market indexes pulled back after the latest data on private sector net job addition was weaker than expected. In addition, the latest survey on the dominant service sector in the economy also indicated a slowdown.
- Hiruki Nakamura
- 03 Apr, 2013
- New York City
Stocks in Tokyo surged the most in nearly two months as Bank of Japan began a two-day meeting. Expectations of accelerated and larger bond buying program from the central bank lifted the Nikkei 3%. Fast Retailing surged 14% on same store sales jump of 23%.
- Mukesh Buch
- 03 Apr, 2013
- New York City
Acuity Brands second quarter net surged 27% and ConAgra third quarter net declined 56% to $123.4 million. Conn
- Nigel Thomas
- 03 Apr, 2013
- New York City
BMW said quarterly sales in U.S. climbed 5.3% to 64,902 units. Chocolate maker Thorntons lifted profit outlook for fiscal 2013. SSE confirmed the penalty of
- Hiruki Nakamura
- 03 Apr, 2013
- New York City
Australian stocks declined and the dollar gained as commodities prices eased. New home sales tumbled 5.3% in February after rising for four months in a row.
- Mukesh Buch
- 03 Apr, 2013
- New York City
Ashok Leyland March sales slid 2%. Adani Power soared 9% after the electricity commission approved a temporary price hike to compensate for higher imported coal prices. L&T won order for Abu Dhabi Airport. RCom rose after network sharing deal worth Rs 1,200 crore with Reliance Jio Infocomm.