- Marcus Jacob
- 25 Feb, 2014
- New York City
Australian market indexes opened higher but the weakness in resource sector dragged the indexes to close down. Atlas Iron reported a surge in net sales and swung to profit in the first-half. Graincorp lowered its earnings outlook. IOOF net profit in the first-half soared 45%.
- Mukesh Buch
- 25 Feb, 2014
- New York City
Elecon Engineering secured an order from NTPC. JP Associates plans to reduce the debt and sell stakes in Bhilai Cement and Bokaro Steel. Kinetic sold its entire stake in Mahindra Two Wheelers. Tata Power to look for additional capital at a board meeting on Feb 27.
- Nichole Harper
- 24 Feb, 2014
- New York City
Stocks on Wall Street gained and the S&P 500 index traded at a new intra-day high. Netflix agreed to pay for faster video streaming to Comcast paving the way for other carriers to charge. RF Micro Devices agreed to acquire TriQuint Semi for $1.6 billion.
- Mukesh Buch
- 24 Feb, 2014
- New York City
Dillard''s quarterly net declined 26% and sales fell 3%. El Paso net tumbled 75% GT Advanced Tech net loss narrowed. Netflix agreed to pay for network access to Comcast. Palo Alto loss widened. RF Micro Devices agreed to acquire TriQuint for $1.6 billion.
- Hiruki Nakamura
- 24 Feb, 2014
- New York City
Stocks in Tokyo closed lower following general weakness in Asian markets. The yen gained and insurers and developers led the decliners in trading. Zeria Pharmaceutical dropped 7% after the company plans to raise as much as 18.7 billion yen in a public offering.
- Nigel Thomas
- 24 Feb, 2014
- New York City
Bunzl net climbed 7% to
- Marcus Jacob
- 24 Feb, 2014
- New York City
Australian market indexes turned lower in the afternoon trading to close flat after China added more restriction on housing market lending. Transfield Services soared 25% after the company won $1.2 billion contract to build an immigration processing center on Nauru and Manus Islands.
- Mukesh Buch
- 24 Feb, 2014
- New York City
Anik Industries net jumped 9%. CARE declined after stakeholders rejected the sale bids. DCM Shriram board approves a stock buyback plan. ICRA surged after Moody''s offered to increase its stake to 55%. Pfizer climbed on restructuring plan. SKF India net surged 50%.
- Hiruki Nakamura
- 21 Feb, 2014
- New York City
Stocks in Tokyo gained and for the week the indexes gained the best in the last three months. G20 finance ministers are scheduled for a weekend meeting and discuss the impact of U.S. Fed tapering plan on emerging markets currencies.
- Mukesh Buch
- 21 Feb, 2014
- New York City
Agrium net tumbled 72%. DISH net climbed 38% and revenue jumped 7%. Donaldson profit soared 15%. Ecolab net surged 24%. HP net soared 16%. Priceline.com profit surged 31%.
- Marcus Jacob
- 21 Feb, 2014
- New York City
Australian market indexes reached a six-year intra-day high in active trading worth $5 billion. Aussie dollar was the focus as banks estimate a sharp decline in the currency. Billabong reported a smaller loss. Crown Resorts said its Macau venture reported record results.
- Nigel Thomas
- 21 Feb, 2014
- New York City
AXA net soared 14% to
- Mukesh Buch
- 21 Feb, 2014
- New York City
Bharti Airtel expected to face $3 billion charge in Nigeria. HCL denied that founder is seeking to sell his $10 billion stake. IL&FS secured a road project worth $216.7 million in Spain. Shree Renuka tumbled after Singapore based Wilmar to acquire 27.5% stake for $200 million.
- Mukesh Buch
- 20 Feb, 2014
- New York City
Actavis net swung to a loss but revenue soared 59%. DirecTV net declined 14%. Hormel Foods profit soared 18%. Marriott net tumbled 17%. Tesla Motors net loss narrowed. Wal-Mart net plunged 21%.
- Nichole Harper
- 20 Feb, 2014
- New York City
U.S market indexes kept upward bias and investors focused on international markets and domestic earnings. Wal-Mart earnings declined for the fourth quarter in a row and the company blamed harsh weather and cut in food stamps.