- Hiruki Nakamura
- 05 Sep, 2014
- New York City
Japanese stocks closed lower and the reference index Topix struggled to wipe out losses of the year as the yen dropped to a four-year low. Finance Minister Taro Aso said a back plan for stimulus will be prepared to smooth over the April sales tax increase.
- Marcus Jacob
- 05 Sep, 2014
- New York City
Australian stocks extended weekly losses as iron ore prices hit five-year low and thermal coal drops to a four-year low. Sustained decline in Chinese property market is causing several traders to liquidate inventories in Shanghai. Smaller Australian mining companies are struggling to contain costs.
- Nichole Harper
- 04 Sep, 2014
- New York City
Market indexes in New York and across Europe traded higher after the European Central Bank unexpectedly cut interest rate and signaled willingness to purchase
- Mukesh Buch
- 04 Sep, 2014
- New York City
Ciena net swung to profit on 12% revenue increase. Joy Global net tumbled 61% and sales plunged 34%. Mattress Firm net rose and agreed to acquire private rival Sleep Train chain for $425 million. PVH net swung to profit. UTi Worldwide soared despite loss widened.
- Hiruki Nakamura
- 04 Sep, 2014
- New York City
Stocks in Japan eased and the yen pared gains after the Bank of Japan reaffirmed its pledge to expand monetary base at an annual pace between $600 billion and $700 billion. Expectations of GPIF overhaul increased after the appointment of reform minded Shiozaki as the new minister.
- Nigel Thomas
- 04 Sep, 2014
- New York City
Bilfinger plunged after revised lowered outlook for third time in three months. Go-Ahead profit surged 55% to
- Marcus Jacob
- 04 Sep, 2014
- New York City
Australian indexes declined nearly 0.5% and the Aussie dollar eased despite a positive retail sales report. Trade deficit in July shrank more than expected to $1.36 billion and retail sales in the month rose 0.4%, ahead of expectations.
- Mukesh Buch
- 04 Sep, 2014
- New York City
Balkrishna Ind net jumped 13% and net sales surged 17%. DCM net swung to a loss but revenue climbed 8%. Mysore Paper Mills dropped after net loss widened. Punjab National Bank raised Rs 500 crore through a bond offering. United Spirits fell after net swung to a big loss.
- Mukesh Buch
- 03 Sep, 2014
- New York City
Compuware to acquired Thoma Bravo for $2.5 billion. CVS Caremark stops selling cigarettes from today. Chrysler leads U.S. auto sales in August with the surge of 20%, Ford sales rose 0.4% and GM sales fell 1%. Toyota sales jumped 6%.
- Nichole Harper
- 03 Sep, 2014
- New York City
Stocks in New York and in Europe traded higher after Russia and Ukraine sought to end violence. The apparent agreement is expected to find a political settlement with the leaders of eastern Ukraine and end violence. U.S. auto sales surged led by 20% sales increase at Chrysler.
- Nigel Thomas
- 03 Sep, 2014
- New York City
Ashtead Group profit surged 23% to
- Marcus Jacob
- 03 Sep, 2014
- New York City
Australian economic growth in June quarter slowed to an increase of 0.5% from the previous quarter and rose 3.1% from a year ago. Service industry growth continued to slow in August and iron ore price declined to a two-year low.
- Hiruki Nakamura
- 03 Sep, 2014
- New York City
Nikkei index in Tokyo gained for the third day in a row and increased to a high not seen since January and the yen declined to an eight month low. Prime Minister Shinzo Abe is expected to shakeup cabinet and appoint a reform minded minister that may lead to overhaul of GPIF.
- Mukesh Buch
- 03 Sep, 2014
- New York City
Eicher Motors August sales climbed 66%. Era Infra Engineering secured construction contract from Airport Authority of India. Elder Pharma net surged but revenue declined 33%. NMDC production and sales climbed.
- Nichole Harper
- 02 Sep, 2014
- New York City
Stocks across Atlantic paused the advance after war of words escalated between Russian president Vladimir V Putin and European leaders ahead of NATO summit on Thursday.