- Mukesh Buch
- 28 Aug, 2015
- New York City
Stocks in Mumbai rebounded but the rupee struggled and investors are increasingly questioning the lack of action from the Reserve Bank. Bharti is looking to sell 6,500 telecom towers in Sri Lanka and Bangladesh.
- Nichole Harper
- 28 Aug, 2015
- New York City
Calm returned to world financial markets after seven days of volatile trading that saw major indexes swing wildly and plunge as much as 10%. Crude oil jumped for the second day in a row. Brazil entered technical recession after second quarterly contraction.
- Nichole Harper
- 27 Aug, 2015
- New York City
Stocks on Wall Street shot up after six days of losses and crude oil futures soared more than 10%. Market indexes in New York surged as much as 4% before trimming losses and European indexes closed up at least 3%. Emerging market currencies rebounded from the recent lows in Asia.
- Mukesh Buch
- 27 Aug, 2015
- New York City
Sensex index in Mumbai surged 2% and rupee rebounded as Asian markets searched stability. The central government of India released a list of 98 cities covered in the smartcity mission. Bharti agreed to acquire Augere Wireless. HDFC plans to raise $300 million through a bond offering.
- Hiruki Nakamura
- 27 Aug, 2015
- New York City
Nikkei average in Tokyo extended the recent rebound to the fifth day on the back of resurgent markets in New York and Europe. Yen continued to strengthen and indexes in Asia soared and currencies in India, Indonesia and Australia edged higher. Stocks in Shanghai surged to close up 5%.
- Marcus Jacob
- 27 Aug, 2015
- New York City
Australian market indexes gained for the third day in a row in the back of resurgent international markets. Australian dollar weakened to 71 U.S. cents. Billabong, the sportswear retailer swung to annual net profit. Ausdrill annual loss widened.
- Mukesh Buch
- 26 Aug, 2015
- New York City
Monsanto withdrew from $47 billion offer for Syngenta. Schlumberger agreed to acquire Cameron Intl for $14.8 billion. Oshkosh secured $6.7 billion contacts from the U.S. Army. Chico''s net tumbled. Express net surged.
- Marcus Jacob
- 26 Aug, 2015
- New York City
Australian markets traded higher for the second day as wild market swings persisted around the world. Westfiled Corp, global developer of malls said annual net swings to profit. Worleyparsons, the engineering contractor said annual revenues fell 8%.
- Nichole Harper
- 26 Aug, 2015
- New York City
Stability remained elusive in global markets for the seventh day in a row as market indexes extend recent losses from peaks to between 12% and 15%. U.S. stocks are in their first decline of more than 10% since 2011. After wild swings, Shanghai markets closed down 1.3%.
- Mukesh Buch
- 26 Aug, 2015
- New York City
Sensex in Mumbai traded down in volatile trading and energy stocks and banks were in focus. Another day of wild swings in Shanghai put Asian markets on alert and casted doubt on Chinese economic strength.
- Hiruki Nakamura
- 26 Aug, 2015
- New York City
Nikkei average rebounded after a week of sustained selling following three four days of selling but volatility in Shanghai continued to drive the stock market trading sentiment around the world. The yen gained but crude oil drifted lower to a new six-year low.
- Nichole Harper
- 25 Aug, 2015
- New York City
Market averages in the United States rebounded after a 3-day sell-off that saw the S&P 500 index correct more than 10%. The sentiment was bolstered after positive data on the housing market and China moved to lower rates and loosen bank reserves. European markets jumped more than 3%.
- Marcus Jacob
- 25 Aug, 2015
- New York City
Australian stocks braved higher despite the continued market sell-off in China and Japan. Resource and banking stocks led the gainers. BHP Billiton said quarterly net tumbled 86% and said oil and copper production to decline 6% in fiscal 2016.