- Hiruki Nakamura
- 12 Mar, 2013
- New York City
Stocks in Tokyo halted 8-day rally after investors worried of stretched valuations. Japanese government priced its stake sale in Japan Tobacco at 2% discount to the closing price on Monday. Nippon Steel said it will trim production capacity by 7%.
- Nigel Thomas
- 12 Mar, 2013
- New York City
Antofagasta said profit for the year declined 19%. Inchcape profit plunged 29% to
- Marcus Jacob
- 12 Mar, 2013
- New York City
Australian stocks declined and closed at the low of the day after resource sector stocks fell for the second day in a row. Spot price of iron ore eased to $144 a ton. Rio Tinto said it will cut its investment in Guinea iron ore project.
- Mukesh Buch
- 12 Mar, 2013
- New York City
Eros climbed after the U.S. based retirement fund acquired a minority stake. Australia based Aurizon agreed to buy 51% in GVK Hancock''s projects. French subsidiary of Titagarh Wagons secured order worth
- Nichole Harper
- 11 Mar, 2013
- New York City
Stocks in New York traded sideways and market indexes paused on the global worries. China reported inflation rose at the fastest pace in ten months in February and factory output and retail sales lagged expectations. Italy reported its sixth quarter decline in economic activities in a row.
- Mukesh Buch
- 11 Mar, 2013
- New York City
Dick''s Sporting fourth quarter net jumped 7% to $129.7 million. Emulex extended offer period to UK based Endace Limited. China based social networking Renren fourth quarter net swung to loss.
- Nigel Thomas
- 11 Mar, 2013
- New York City
Brady profit for the year declined 76%. Elan plans to buy back $1 billion of shares. Nordex earnings for the year climbed 33%. Ladbrokes expanded partnership with Playtech. Soco profit for the year surged 134%.
- Hiruki Nakamura
- 11 Mar, 2013
- New York City
Stocks in Tokyo extended rally for the eighth day in a row and the Nikkei index closed at a new 5-year high. The yen dropped to a low not seen since August 2009. Warehouse and real estate stocks led the surge.
- Marcus Jacob
- 11 Mar, 2013
- New York City
Australian stocks inched higher after banks and resource stocks led the gainers. The benchmark ASX 200 index closed at a new high since June 2008. CSR said it plans to cut 150 jobs. Retailer Woolworths gained 1% to close at a new record high.
- Mukesh Buch
- 11 Mar, 2013
- New York City
Amtek Auto agreed to acquire German based NeumayerTek Group for $500 million. GVK Power signed partnership with Australia based Aurizon for two projects. Indiabulls merged with its housing finance company.
- Nichole Harper
- 08 Mar, 2013
- New York City
Stocks in New York searched for direction after employers added more-than-expected 236,000 jobs and jobless rate declined to 7.7%. Housing sector strength also contributed to the jobs increase in financial services and other sectors. Wholesale inventories increased 1.2% in January.
- Mukesh Buch
- 08 Mar, 2013
- New York City
Ann fourth quarter net jumped 9% and Arcos Dorados net slipped 4%. Foot Locker fourth quarter net climbed 28% to $104 million and Genesco net dropped 7%. Kroger fourth quarter net swung to $461.5 million profit. The Cooper quarterly net jumped 37%.
- Hiruki Nakamura
- 08 Mar, 2013
- New York City
Stocks in Tokyo extended gains and the Nikkei index soared to a new 5-year higher. Economic growth in the final quarter was revised to 0.2% increase from the previous estimate of 0.4% contraction. The yen eased.
- Nigel Thomas
- 08 Mar, 2013
- New York City
Admiral Group profit for the year jumped 17% to
- Marcus Jacob
- 08 Mar, 2013
- New York City
Australian stocks were empowered and commodities linked stocks led the surge after China reported a surge in exports in February. For two months to the month, exports soared 23.6% and imports gained 5%.