- Marcus Jacob
- 18 Feb, 2014
- New York City
Reserve Bank of Australia indicated in the latest statement that interest rate may remain stable in the near term and the Aussie dollar traded above 90 U.S. cents. BHP Billiton first-half revenues increased 5.6% and net surged 83% on cost cutting and shelving capital spending.
- Mukesh Buch
- 18 Feb, 2014
- New York City
ABB India net and revenue climbed. Bharti Airtel agreed to acquire Loop Mobile for Rs 300 crore. Castrol India profit and sales jumped 7%. GSK Pharma profit declined 16%. Gujarat Pipavav net surged 114% and revenue soared 22%.
- Hiruki Nakamura
- 17 Feb, 2014
- New York City
December quarter economic growth in Japan was 0.3% from the previous quarter and the economy expanded at annual pace of 1%. The yen gained. The sharply lower growth was worrisome to economists as the nation faces higher sales tax from April 1.
- Nigel Thomas
- 17 Feb, 2014
- New York City
Essar Energy received takeover offer worth
- Marcus Jacob
- 17 Feb, 2014
- New York City
Australian market indexes extended gains and resource stocks led the advance. New car sales in January declined 3.5% to 93,232 on broad weakness in the market. Aurizon Holdings Limited said first-half net declined but doubled its dividend. Australand Property full-year profit declined 25%.
- Mukesh Buch
- 17 Feb, 2014
- New York City
ABG Shipyard net swung to a loss. Allcargo jumped after profit and sales climbed. DLF slid after net and revenue jumped. MMTC net swung to a loss. MTNL net swung to a profit. Punj Lloyd net swung to a loss. SAIL profit jumped 10%. Suzlon Energy net loss narrowed.
- Nichole Harper
- 14 Feb, 2014
- New York City
U.S. stocks advanced and investors views the latest economic data with caution as inclement weather affects economic activities. Industrial output in January unexpectedly declined 0.8% and U.S. consumer confidence was better than expected this month. Rakuten to pay $900 million for Viber Media.
- Devan Biswas
- 14 Feb, 2014
- New York City
Stocks reacted to earnings and economic news in the euro zone region. The economy in the region advanced at a faster than expected pace led by Germany and France. Schindler AG declined 1% on a fall in annual net. ThyssenKrupp soared 4% on better than expected operating earnings.
- Nigel Thomas
- 14 Feb, 2014
- New York City
GNC plunged after the vitamin supplement retailer reported less than expected quarterly earnings. Weight Watchers International tumbled 26% after the diet food purveyor lowered earnings outlook. Jos. A. Bank agreed to acquire Eddie Bauer for $825 million.
- Marcus Jacob
- 14 Feb, 2014
- New York City
Australian market indexes advanced 0.9% on Friday and soared nearly 3% in the week. Total housing loans increased 1% in December in Australia but fell 1.5% when adjusted for seasonal factors. Rio Tinto swung to profit on record output. Newcrest Mining net plunged on write downs and $120 million tax.
- Nichole Harper
- 13 Feb, 2014
- New York City
Stocks on Wall Street advanced after struggling in the early trading. Better than expected earnings helped to reverse sentiment offsetting the weak retail sales and jobs data. Goodyear Tire, CBS and Applied Materials reported better than expected quarterly results.
- Hiruki Nakamura
- 13 Feb, 2014
- New York City
Nikkei index in Tokyo declined 1.8% and extended the year-to-date loss to 10%. Real estate companies led the decline. Asahi Group Holdings dropped 5% after the second-largest beer maker estimated annual income below the estimates.
- Mukesh Buch
- 13 Feb, 2014
- New York City
Comcast agreed to acquire Time Warner Cable for $45.2 billion. Apache net tumbled 73% as revenue dropped 19%. Cisco net plunged 54% and sales declined 8%. Fossil profit fell 2% but sales climbed. PepsiCo net jumped 5%. Whole Foods net grew 4%.
- Nigel Thomas
- 13 Feb, 2014
- New York City
BNP Paribas net plunged 26% to
- Marcus Jacob
- 13 Feb, 2014
- New York City
Australian market indexes reversed earlier gains after the jobless rate in January reached a decade high to 6% and surpassed the previous high of 5.9% in June 2009. Telstra hiked dividend and reported gains in wireless segment. David Jones quarterly sales increased 4.7%.