- Mukesh Buch
- 28 Jul, 2015
- New York City
Sensex index extends loss to the fourth day despite the sharp correction in crude oil price. Maruti quarterly profit soared 57% on 17% increase in revenues. Torrent net surged 75%. Punjab National Bank bad loan ratio surges and Union Bank net declined. Ambuja Cements net tumbled 45%.
- Nichole Harper
- 27 Jul, 2015
- New York City
Market indexes on Wall Street extended losses and major indexes are nearing to wipe out gains in the year. Crude oil extended five-week long losses and drops to one-year low but gold rebounded. Asian markets dropped after another sharp decline in Shanghai.
- Hiruki Nakamura
- 27 Jul, 2015
- New York City
Nikkei in Tokyo declined following a plunge in market indexes in Shanghai and weak commodities prices. Canon Inc said first-half net fell 20%. Hitachi High-Technologies plunged 10% after quarterly results.
- Mukesh Buch
- 27 Jul, 2015
- New York City
Teva agreed to acquire Allergan for $40.5 billion and withdrew its proposal to acquire Mylan. McGraw agreed to buy SNL Financial $2.2 billion. Biogen lowered revenues forecast. Johnson Controls net rose but sales fell. Norfolk net tumbled 23%.
- Marcus Jacob
- 27 Jul, 2015
- New York City
Australian market indexes in thin trading rebounded as metal prices hover near new multi-year lows and market indexes in Shanghai plunge 8%. Atlas Iron Limited plunged 70% after a 16-week trading halt.
- Mukesh Buch
- 27 Jul, 2015
- New York City
The Sensex decline in India was driven by the 8% market plunge in Shanghai. Reliance said quarterly profit rose 4% but revenues plunged 26%. MRF revenues increased 6%. Pfizer quarter profit soared 43%. Rajesh Exports acquired Switzerland-based Valcambi, the largest gold refinery in the world.
- Nigel Thomas
- 27 Jul, 2015
- New York City
European markets traded lower and commodities reached multi-year low. Deutsche Boerse agreed to buy 360T Beteiligungs for
- Nichole Harper
- 24 Jul, 2015
- New York City
Market indexes on Wall Street declined for the fourth day in a row and metal prices fell to multi-year lows. Crude oil price extended 20% decline from the high of $61 a barrel in June and fell 5% in the week. Manufacturing sector outlook in China remained weak.
- Hiruki Nakamura
- 24 Jul, 2015
- New York City
Investors in Tokyo sold stocks and focused on domestic earnings after manufacturing sector growth outlook was weak in China and overseas markets declined. Meiji Yasuda agreed to acquire the U.S. based insurance group for $5 billion. Softbank prepares for a bond offering next week.
- Mukesh Buch
- 24 Jul, 2015
- New York City
Market indexes on Dalal Street extended losses for the second day. Wipro said quarterly profit rose 4% on 10% increase in revenues. ABB India and Biocon net soared. Axis Bank profit jumped 19%. GAIL net plunged 32%. United Spirits net swung to profit.
- Mukesh Buch
- 24 Jul, 2015
- New York City
Anthem agreed to acquire rival Cigna for $54.2 billion. Amazon net swung to profit on 20% increase in revenues. AT&T net plunged 14% and won a regulatory approval for the proposed acquisition of DirecTV. Caterpillar net tumbled 29%. Visa profit climbed 25%.
- Nigel Thomas
- 24 Jul, 2015
- New York City
Anglo American net swung to a loss to $3 billion. Air France KLM revenues jumped 3%. BASF profit declined 10% and plans to split its pigments business. Danone net tumbled 32% and plans to swap its Dumex infant formula unit in China. Vodafone revenues fell.
- Marcus Jacob
- 24 Jul, 2015
- New York City
Australian market indexes traded lower and for the week the ASX 200 index declined 1.8%. Costa Group, the largest horticulture company in Australia, priced its initial offering. OrotonGroup sold its stake in Brooks Brothers Australia.
- Nichole Harper
- 23 Jul, 2015
- New York City
Indexes on Wall Street hovered near highs after jobless claims dropped to the lowest in last four years and lowest since 1973. Crude oil prices eased and metal prices declined after a weak price outlook for the rest of the year.
- Mukesh Buch
- 23 Jul, 2015
- New York City
3M net rose 2% but revenues declined 5%. ABB net and revenues plunged. American Express net fell 5%. Boston Scientific net soared. Comcast net jumped 8%. Deluxe net climbed 12%. Dow Chemical net surged 28%. GM net surged more than four-fold. Qualcomm net tumbled 47%.