- Hiruki Nakamura
- 21 Mar, 2013
- New York City
Stocks in Tokyo closed higher and Governor of Bank of Japan faced criticism of 2% inflation target at his first press conference. Japan recorded its eighth monthly trade deficit and the yen declined 0.6%.
- Marcus Jacob
- 21 Mar, 2013
- New York City
Australian political uncertainty sapped market confidence and index managed to trim losses after Prime Minister Julia Gillard settled leadership challenge. Billabong plunged on speculation that the company may not receive firm takeover offers.
- Mukesh Buch
- 21 Mar, 2013
- New York City
Adani Power plans to issue shares to promoters on preferential basis. Indian Overseas Bank approved additional stake sales to central government. L&T won new orders valued Rs 2,080 crore.
- Barry Randall
- 20 Mar, 2013
- New York City
Cyprus Parliament struck down the proposal to tax depositors and international creditors looked for alternatives to stem the growing debt crisis. Cyprus ministers looked to Russia for emergency help and European regulators debated the fate of bailout as the banking system in Cyprus remains closed.
- Nichole Harper
- 20 Mar, 2013
- New York City
Stocks on Wall Street opened higher and struggled to retain the small gains after the two hours of trading. The dollar advanced on the rising tensions between international lenders and Cyprus after lawmakers rejected a tax on bank depositors.
- Mukesh Buch
- 20 Mar, 2013
- New York City
Actuant second quarter net plunged 12% and Adobe first quarter net tumbled 65%. FedEx third quarter net declined 31% to $361 million and General Mills net rose 2%. Williams-Sonoma fourth quarter net climbed 10%.
- Nigel Thomas
- 20 Mar, 2013
- New York City
Asos said second quarter sales soared 37% to
- Marcus Jacob
- 20 Mar, 2013
- New York City
Australian market indexes traded lower on the growing uncertainties in the euro zone and rising worries of weak demand growth for commodities in China. Resource sector stocks fell sharply on the worries that the iron ore prices may dip to $120 a ton in the next few weeks.
- Mukesh Buch
- 20 Mar, 2013
- New York City
3M India offer for sell of equity shares. Manappuram Finance said fourth quarter profits may drop. ONGC sign agreement to set up oil terminal costing to $750 million. SBI allots 12.99 million shares to the government. Government approved 10.8% stake sale of SAIL on March 22.
- Nichole Harper
- 19 Mar, 2013
- New York City
Stocks in New York accelerated the decline in early afternoon after lawmakers in Cyprus are likely to vote down a proposal to tax depositors as a part of international bailout. Home construction activities increased to a five-year high.
- Mukesh Buch
- 19 Mar, 2013
- New York City
Affymax plunged as the company seeks a buyer or may have file bankruptcy protection. DSW fourth quarter net jumped 40%. FactSet net advanced 5%. Lululemon dropped on quality problems. Walgreen agree to acquire a stake in AmerisourceBergen as a part of sales agreement.
- Hiruki Nakamura
- 19 Mar, 2013
- New York City
Stocks and market indexes in Tokyo rebounded after investors estimated that the risk from controversial depositor-tax in Cyprus spreading to the rest of the euro zone is limited. However, investors fear that the tax sets a dangerous precedent.
- Nigel Thomas
- 19 Mar, 2013
- New York City
BBC Worldwide agreed to sell Lonely Planet to NC2 Media for
- Marcus Jacob
- 19 Mar, 2013
- New York City
Australian stocks rebounded in the early hours but failed to stay in the positive zone after comments from the Reserve Bank weighed on the market sentiment.
- Mukesh Buch
- 19 Mar, 2013
- New York City
Asian Paints acquired 51% stake in Sleek Group. AGC Networks acquired part of business of the U.S. based Transcend United Technologies. GMR is exploring to bid for $400 million airport upgrade project in Philippines. ONGC may acquire 20% stake in the Mozambique gas field.