- Mukesh Buch
- 01 Apr, 2013
- New York City
KEC Intl won new orders worth $180 million and L&T secured order valued $1 billion and completed acquisition of Audco India. M&M March sales surged 10.6%. Supreme Court rejected cancer drug patent of Novartis. Syndicate Bank raised $500 million for its London operations.
- Nigel Thomas
- 02 Apr, 2013
- New York City
Unemployment rate in the euro zone increased to 12% in February and was revised to the same from 11.9%, according to the latest data released by the Eurostat.
- Nichole Harper
- 02 Apr, 2013
- New York City
Financial markets advanced and major indexes flirted near new highs. Factory orders increased 3% in February and auto sales in March were ahead of expectations. Nasdaq OMX Group agreed to acquire the bond trading platform eSpeed for $1.23 billion.
- Mukesh Buch
- 02 Apr, 2013
- New York City
Chrysler U.S. sales in March rose 5% and Ford and GM sales rose 6%. NASDAQ agreed to acquire eSpeed from BGC Partners, Inc. for $750 million in cash.
- Mukesh Buch
- 01 Apr, 2013
- New York City
German based private equity group Bridgepoint agreed to acquire Oasis Healthcare worth
- Hiruki Nakamura
- 02 Apr, 2013
- New York City
Stocks in Tokyo eased for the second day in a row and the yen advanced to a one-month high. Auto sales in the quarter to March declined 9.4% in Japan after government ended subsidies. Toyota sales fell 15% and Nissan declined 6% and Honda sales plunged 45%.
- Marcus Jacob
- 02 Apr, 2013
- New York City
Reserve Bank of Australia left its key rate unchanged at record low 3%. Australian dollar gained and financial stocks led the market advance. Online sales growth declined in February. Australian capital cities home prices increased 1.3% in March.
- Nigel Thomas
- 02 Apr, 2013
- New York City
Banca Monte said loss for the year narrowed to
- Mukesh Buch
- 02 Apr, 2013
- New York City
BEL reported fiscal sales increased 5%. Bajaj Auto March sales declined 10%, Ford India sales plunged 38%, Maruti sales rose 3.3% and Tata Motors sales plunged 27.6%. IVRCL win order worth $400 million and L&T secured order of $700 million.
- Hiruki Nakamura
- 29 Mar, 2013
- New York City
The Nikkei index closed higher second quarter in a row propelling six-month gains to the best since 1972. Industrial output declined 0.1% in February and core consumer prices declined 0.3%, tenth monthly fall in a row.
- Nigel Thomas
- 28 Mar, 2013
- New York City
Cyprus banks reopened nearly after two weeks with stringent capital controls that are likely to be in place for months to come. There was no evidence of panic or bank run on the first day. Central bank estimated 18% deposit withdrawal so far from the euro zone savers.
- Nichole Harper
- 28 Mar, 2013
- New York City
The S&P 500 index traded above its all-time closing high and the government revised the estimate of fourth quarter economic growth to 0.4% annual rate. Jobless claims in the last week rose. Banks in Cyprus opened with stringent capital controls in place.
- Mukesh Buch
- 28 Mar, 2013
- New York City
Accenture second quarter net surged 67% and GameStop fourth quarter net surged 50%. Five Below net jumped 55% and Paychex third quarter net rose 7% to $144.5 million. Steelcase net swung to loss and Mosaic net soared 26% to $344.6 million.
- Hiruki Nakamura
- 28 Mar, 2013
- New York City
Market indexes in Tokyo closed lower in sympathy with the decline in Asian markets after a sharp fall in Shanghai index. Domestically, investors looked ahead at the first central bank meeting next week under a new leadership. GS Yuasa Corp plunged 11% after more battery problems.
- Nigel Thomas
- 28 Mar, 2013
- New York City
D.E Master Blenders said Benckiser offered