- Mukesh Buch
- 30 Jan, 2013
- New York City
Blue Dart third quarter net surged 101% and Crompton Greaves net swung to loss. EIL net declined 12.5% and Glenmark net jumped 375%. IOB and L&T Finance slid as third quarter non-performing assets increased. Nalco net surged 132%. RIL raised $800 million from senior perpetual notes.
- Barry Randall
- 29 Jan, 2013
- New York City
Anglo American, the iron ore miner, gained after it reported lower than expected write down of $4 billion at its mining operation in Brazil. Royal Bank of Scotland faces criminal probe linked to rate rigging and may pay as much as 500 million pounds in fines.
- Barry Randall
- 29 Jan, 2013
- New York City
European markets advanced to new 23-month highs. Consumer confidence index in Germany suggested an improvement but the index in France held steady. Retail sales in Spain declined for the 30th month in a row. Philips gained on better-than-expected earnings.
- Nichole Harper
- 29 Jan, 2013
- New York City
Market index in New York traded sideways after consumer confidence index dropped to the lowest since November 2011. Metropolitan home price index rose at the fastest pace in November in nearly six years. Hess surged after a hedge fund pushed for a breakup. Horton jumped on quarterly results.
- Mukesh Buch
- 29 Jan, 2013
- New York City
Danaher fourth quarter net climbed 10% and Ford net plunged 88%. Hess exits refining and storage terminals management business on the East Coast. Illinois Tool quarterly net surged 121%. Pfizer net surged to $6.31 billion. T. Rowe net soared 23% and Yahoo net declined 8%.
- Marcus Jacob
- 29 Jan, 2013
- New York City
The Nikkei index extended gains and broader markets focused Topix index gained to rise 26% since November 14. Banks and financial lenders rose on the hopes that latest quarterly results will surpass the expectations. Smaller cap focused index soared 48% in the year so far.
- Marcus Jacob
- 29 Jan, 2013
- New York City
Australian markets added 1.1% and extended six months gain to bull market territory. Flood claims increased to 10,000 and total damages are expected to reach $100 million. Financial markets regulator stricter compliance at Macquarie Equities.
- Mukesh Buch
- 29 Jan, 2013
- New York City
Dabur third quarter net soared 22.2% and Idea Cellular profit climbed 12.16%. Kalpataru Power net dropped 12.8%. Neyveli Lignite net surged 19.8% and Reliance Capital net jumped 68%. Sterlite Ind. net soared 30%. Torrent Power net declined 55%.
- Barry Randall
- 28 Jan, 2013
- New York City
European markets steadied after a six-week rally that lifted indexes to multi-year highs. The UK pound declined to a six-month low against the dollar and fell to a 14-month low against the euro after weak GDP data.
- Nichole Harper
- 28 Jan, 2013
- New York City
Market indexes rested in New York after S&P 500 index crossed a give-year high at the end of last week. Durable goods orders increased more than expected in December. Caterpillar reported better than expected earnings. Toyota Motor surpassed GM with 9.75 million global auto sales.
- Mukesh Buch
- 28 Jan, 2013
- New York City
Biogen fourth quarter net slipped 3% and Caterpillar net plunged 55% to $697 million. Compuware rejected buyout offer from Elliott Management Corp. Roper net earnings soared 18%.
- Nigel Thomas
- 28 Jan, 2013
- New York City
Stocks in Japan traded higher and the index crossed 11,000 for the first time since April 2010 but closed lower. The yen declined as low as 91. Fanuc dropped after it lowered earnings outlook. Toyota reported rising global auto sales. Takeda closed up on winning a drug approval.
- Mukesh Buch
- 28 Jan, 2013
- New York City
Adani Power third quarter net loss widened and Adani Ports net soared 12.5%. Bank of India third quarter net profit jumped 12%. JSW Steel third quarter declined 19% and Reliance Infrastructure profit surged 78%. Whirlpool India net tumbled 52%.
- Bikram Pandey
- 25 Jan, 2013
- New York City
Markets in New York extended gains for the eighth day and for the fourth week in a row and the S&P 500 index closed above 1,500 for the first time since December 2007. Positive earnings and rising expectations in Europe and Japan lifted world markets. Gold and copper eased.
- Nigel Thomas
- 25 Jan, 2013
- New York City
European Central Bank said 278 banks are scheduled to repay loans next week issued at the height of crisis two-years ago. UK economy declined at a faster pace in the December quarter. German business climate index improved in January on rising expectations.