- Hiruki Nakamura
- 01 Jul, 2014
- New York City
Stocks in Tokyo closed higher after Tankan survey showed rising inflation pressure and large companies revised higher capital spending plan by 7.4%. The yen weakened against the U.S. dollar. Takashimaya said June retail sales declined.
- Marcus Jacob
- 01 Jul, 2014
- New York City
Reserve Bank of Australia held rates at historic low of 2.5% for the eleventh month in a row and confirmed the strong housing industry expansion and low wage inflation. Capital cities home price index increased 1.4% in June.
- Mukesh Buch
- 30 Jun, 2014
- New York City
MannKind jumped on FDA approval. Kindred Healthcare will clear to buy Gentiva Health Services. PPG agreed to buy Consorcio Comex for $2.3 billion. Linn Energy acquired five assets of Devon Energy for $2.3 billion. TreeHouse Foods purchased Flagstone Foods for $860 million.
- Nigel Thomas
- 30 Jun, 2014
- New York City
Ineos acquired remaining 50% stake of BASF
- Nichole Harper
- 30 Jun, 2014
- New York City
Stocks on Wall Street traded sideways on the last day of the quarter and the benchmark S&P 500 index is set to stretch the longest string of quarterly gains in sixteen years. Crude oil and copper declined. Pending sales of existing homes in the U.S. rose the most in four years.
- Hiruki Nakamura
- 30 Jun, 2014
- New York City
Stocks in Tokyo extended the rebound in the quarter but indexes fell 6.9% in the first-half. Industrial output rose 0.5% in May and the economy is expected to shrink sharply after a surge in first quarter growth rate on the planned sales tax hike in April.
- Marcus Jacob
- 30 Jun, 2014
- New York City
The ASX 200 dropped 1.8% and for the quarter gained 0.5% and for the first-half increased 0.7%. Total loans issued by banks increased 0.4% in May driven by 0.5% increase in loans to households and 0.2% rise in business loans. Woolworths offered its final offer for Country Road.
- Mukesh Buch
- 30 Jun, 2014
- New York City
Cipla acquired 51% stake in generic pharmaceutical business in Yemen. Indian Overseas Bank plans to raise Rs 1,200 crore or $200 million. Inox Leisure chain is in talks to buy Satyam Cineplexes for $36 million. ONGC plans to invest nearly $900 million in an offshore oil field near Mumbai.
- Mukesh Buch
- 27 Jun, 2014
- New York City
AZZ net edged up on 18% increase in revenues. Commercial Metals net soared 25%. Finish Line profit surged 144% on 15% increase of revenue. KB Home net swung to profit after revenue climbed 8%. Nike jumped 5%. Sikorsky won contract worth $1.28 billion.
- Nichole Harper
- 27 Jun, 2014
- New York City
Stocks on Wall Street searched for direction and indexes traded lackluster lacking catalysts. Market indexes in Europe closed higher as Italy struggled with rising debt yield levels. GoPro trades higher on the second trading day. Oil retains an upward bias.
- Nigel Thomas
- 27 Jun, 2014
- New York City
Intel Capital sold its 9% stake in Imagination Technologies. Obtala Resources profit surged to
- Hiruki Nakamura
- 27 Jun, 2014
- New York City
Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.
- Marcus Jacob
- 27 Jun, 2014
- New York City
Australian stocks eased on Friday but for the week gained after iron ore prices firmed up in international markets. Reserve Bank of Australia is scheduled to meet and China is set to report its official manufacturing index on Tuesday. WestSide rejected $178 million offer.
- Mukesh Buch
- 27 Jun, 2014
- New York City
GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.
- Nichole Harper
- 26 Jun, 2014
- New York City
Stocks on the Wall Street traded lower and a top policy maker at the Federal Reserve estimated interest rates to rise in 2015. Leading brokerage firms are severing ties with dark pool managed by Barclays after fraud allegation by the New York State. Frank Russell agreed to a $2.7 billion deal.