- Nigel Thomas
- 30 Mar, 2015
- New York City
Dufry agreed to acquire majority stake in the rival World Duty Free for
- Marcus Jacob
- 30 Mar, 2015
- New York City
Australian market indexes extended losses of last week as iron ore price hit six-year low and gold and oil prices headed lower. PanAust received a substantially lowered offer from a China based investor.
- Marcus Jacob
- 30 Mar, 2015
- New York City
Sensex in Mumbai soars 1.9% and banks led the gainers. Rupee eased and oil price declined. BHEL received contract worth ₹5,000 crore in Telangana. NMDC commissioned its new iron ore project with an estimated investment of ₹600 crore in Chhattisgarh.
- Nichole Harper
- 27 Mar, 2015
- New York City
Stocks on Wall Street struggled and S&P 500 index is set to close down 2.3% and the Nasdaq by 2.9% for the week. Economic growth in the fourth-quarter was held at 2.2% in the final estimate and for all of 2014 the U.S. economy slowed to a growth of 2.2% from 2.4% in 2013.
- Mukesh Buch
- 27 Mar, 2015
- New York City
BlackBerry net swung to profit but revenues declined 32%. Finish Line profit declined 5% while revenues climbed 6%. GameStop profit surged 11% but sales dropped 6%. Restoration Hardware net climbed 60% on 24% increase in revenues.
- Nigel Thomas
- 27 Mar, 2015
- New York City
Antofagasta fell after suspended operations at three Chilean mines due to heavy rains. BHF Kleinwort Benson net swung to profit of
- Hiruki Nakamura
- 27 Mar, 2015
- New York City
Nikkei index declined and extended losses for the week to 1.4% after the latest inflation data fell short of expectations. The weak fuel prices dragged the overall inflation below the Bank of Japan target.
- Mukesh Buch
- 27 Mar, 2015
- New York City
Three leading wireless carriers Bharti Airtel, Idea Cellular and Vodafone and Tata Teleservices, Reliance Infocom and Reliance Jio committed nearly ₹109,000 crore or $16.5 billion in the largest wireless spectrum auction.
- Marcus Jacob
- 27 Mar, 2015
- New York City
Australian markets braved higher on the back of a sixth day rally in oil prices and gold extended seven day advance to 5%. Chevron agreed to sell its 50% stake in Caltex after 40 years as the U.S.-based oil explorer retrenches from refining businesses.
- Nichole Harper
- 26 Mar, 2015
- New York City
A mild rebound in tech stocks failed to lift the broader indexes and oil rally extended to fifth session in a row. S&P 500 index is down more than 2% in the week so far and the Nasdaq is down 3%, the largest weekly loss since October.
- Mukesh Buch
- 26 Mar, 2015
- New York City
Accenture Net climbed 9%. ConAgra net swung to a loss but lifted earnings forecast. Lululemon surged 7% on positive outlook. PVH net swung to profit. Red Hat net jumped 6% on 15% increase in revenues. Signet Jewelers net rose 1%. SanDisk tumbled 17%.
- Nigel Thomas
- 26 Mar, 2015
- New York City
Deutsche Postbank net plunged 16% to
- Hiruki Nakamura
- 26 Mar, 2015
- New York City
Nikkei index in Tokyo closed lower following an Asia-wide sell-off sparked by more than 1% decline in New York. Ichibanya Co said third-quarter earnings surged 39% on 6% increase in revenues. Mitsubishi Motors plans to invest $500 million in Indonesia.
- Marcus Jacob
- 26 Mar, 2015
- New York City
Australian markets plunged following weak closing in New York. Despite the jump in oil prices, resource companies and banks declined. Bank of Queensland said net profit in the first-half increased 14%.
- Mukesh Buch
- 26 Mar, 2015
- New York City
Indexes in Mumbai led the decline across Asia after a sell-off in New York. Amtek Auto to buy U.S.-based TRW Automotive Holdings Corp.