- Marcus Jacob
- 21 Nov, 2014
- New York City
Australian market indexes extended weekly drop to 2.7% after the iron ore price dropped below $71 a ton. Australian dollar struggled but energy companies advanced after the crude oil futures gained more than 1%.
- Mukesh Buch
- 21 Nov, 2014
- New York City
JM Financial received an investment of Rs 540 crore. Kotak Mahindra agreed to acquire ING Vysya for $2.5 billion. L&T and Japan-based Sojitz won railway electrification contract worth Rs 2,633 crore. Tech Mahindra acquire U.S.-based LCC for $240 million.
- Nichole Harper
- 20 Nov, 2014
- New York City
Market indexes on Wall Street recovered from early doldrums after investors shifted focus from Europe and China to U.S. economic data. Initial claims of jobless stayed below 300,000 for the tenth week in a row. Sale of existing homes increased 1.5% in October.
- Mukesh Buch
- 20 Nov, 2014
- New York City
Buckle reported net flat. Best Buy net nearly double on 2.2% increase in comparable sales. Brady net plunged 43%. Cyberonics net climbed 25% on 5% increase in revenues. Dollar Tree profit rose 6%. Donaldson net climbed 9%. L Brands profit surged 42%. Salesforce net loss narrowed.
- Marcus Jacob
- 20 Nov, 2014
- New York City
Australian market indexes declined on the persistent weakness in the iron ore price. Commodities and base metals fell dragging lower the smaller mining companies. Australian dollar weakened to 85.91 U.S. cents.
- Mukesh Buch
- 20 Nov, 2014
- New York City
Alok Industries sold a land parcel for Rs 2,000 crore and use proceeds to reduce debt. IL&FS won two contracts worth Rs 239.6 crore from Paschimanchal Vidhyut Vitran Nigam. Kotak Mahindra quarterly net soared 23%. NTPC plans to set up 2,400 megawatt thermal power plant in Odisha.
- Nichole Harper
- 19 Nov, 2014
- New York City
Market indexes on Wall Street traded sideways after the Fed released latest minute of meeting. Majority of Fed policy makers held positive view on the steady economic expansion and felt that the current weakness in the international economies will have limited impact on the domestic growth outlook.
- Hiruki Nakamura
- 19 Nov, 2014
- New York City
Stocks in Japan and the Nikkei and Topix index advanced and the yen edged lower. Investors pinned hope on the new round of economic stimulus but the Bank of Japan and government struggle to increase aggregate domestic demand.
- Marcus Jacob
- 19 Nov, 2014
- New York City
Australian market indexes accelerated decline in the afternoon and smaller resource companies led the losers. The Aussie dollar traded down however a private survey indicated positive outlook on the economic growth.
- Mukesh Buch
- 19 Nov, 2014
- New York City
PetSmart net flat and KKR and Clayton plans to bid for $7.5 billion. Smucker net jumped 3% but revenues dropped 5%. Lowe''s profit surged 17%. La-Z-Boy net climbed 17%. Staples profit soared 60% and sales fell 3%. Stage Stores net loss narrowed. Target net jumped 3%.
- Nigel Thomas
- 19 Nov, 2014
- New York City
Arkema launched a rights issue to rise
- Mukesh Buch
- 19 Nov, 2014
- New York City
GAIL signed gas-supply agreement with U.S.-based Cheniere Energy. Gammon Infra quarterly net swung to profit. HCL Tech net soared 32%. Info Edge plans to invest Rs 185 crore in Zomato Media. Power Grid approved two projects worth Rs 1,000 crore.
- Nichole Harper
- 18 Nov, 2014
- New York City
Tollbooth Index jumped to record high after a broad rally in market was led by healthcare stocks. S&P 500 and Dow Jones closed at records as well. Crude oil fell 1.4% and gold gained 1.2%. Retailers were in focus after Home Depot reported better-than-expected earnings.
- Hiruki Nakamura
- 18 Nov, 2014
- New York City
Market indexes in Japan jumped more than 2% after Prime Minster Shinzo Abe dissolved parliament. The yen dropped 0.9% against the dollar and the euro. GS Yuasa announced a new version of battery technology. Nichias Corp reported a surge in first-half earnings.