- Hiruki Nakamura
- 26 Nov, 2013
- New York City
The latest Bank of Japan policy committee meeting minutes showed growing agreement among policy makers that the inflation target of 2% is not likely to be reached before the end of the current fiscal year. Also, economic growth is expected to slowdown in fiscal 2014.
- Mukesh Buch
- 26 Nov, 2013
- New York City
Cracker Barrel net soared 18%. DSW net jumped 10%. Hormel Foods net climbed 19%. Men
- Nigel Thomas
- 26 Nov, 2013
- New York City
Algeta received preliminary acquisition offer from Bayer AG. Britvic profit climbed 8%. De La Rue reported flat yearly profit. KCOM profit edged up. Mitchells & Butlers net doubled to
- Marcus Jacob
- 26 Nov, 2013
- New York City
Stocks in Sydney traded higher in choppy trading and Aussie dollar edged up. Banks traded near record high prices as investors rotated out of resource stocks and a rating agency reaffirmed its view on the health of banking sector. Bega Cheese extended its offer deadline for Warnambool.
- Mukesh Buch
- 26 Nov, 2013
- New York City
Gammon India net loss widened. Kalpataru Power secured orders worth Rs 1,007 crore. L&T sell a minor stake in L&T Finance. Yes Bank jumped after Morgan Stanley Asia sold its stake.
- Nichole Harper
- 25 Nov, 2013
- New York City
Stocks on Wall Street fell in quiet trading as investors look to lock in gains for the year. The dollar gained and crude oil futures prices declined after a deal with Iran and Western powers. Pending home sale index in October eased 0.6%. In the year so far, the Nasdaq index has gained 33%.
- Hiruki Nakamura
- 25 Nov, 2013
- New York City
Nikkei index in Tokyo surged 1.5% and extended year-to-date gain to 50% as the yen weakened. The yen dropped to a four-year low and exporters and automakers led the gainers.
- Marcus Jacob
- 25 Nov, 2013
- New York City
Australian stocks opened higher and the Aussie dollar extended its loss in the month and neared a three-month low. India based GVK and Aurizon are closer to an agreement to develop rail link to port in Queensland. Charter Hall completed $80 million offering.
- Mukesh Buch
- 25 Nov, 2013
- New York City
Apple agreed to acquire Israel-based PrimeSense for $360 million. Heico raised its revolving credit facility to $1 billion. Microsoft sold more than 1 million Xbox One video-game consoles in less than a day. Wal-Mart elected McMillon as president and chief executive.
- Nigel Thomas
- 25 Nov, 2013
- New York City
Aryzta said revenue rose 0.4% to
- Mukesh Buch
- 25 Nov, 2013
- New York City
Axis Bank will be include in the Sensex index from December 23. EIL won $139 Million contract in Nigeria. GVK Power-Aurizon signed rail and port terminal agreement in Australia. Pfizer and Wyeth board approved proposed merger. Siemens net plunged 44%.
- Nichole Harper
- 22 Nov, 2013
- New York City
U.S. indexes extended gains and major averages trade in record territory. Unemployment rate in 28 states declined and Florida led the nation with a gain of 44,600 jobs in October.
- Mukesh Buch
- 22 Nov, 2013
- New York City
Ann, apparel retail said comparable sales rose 3.7%. Aruba said net loss widened. Foot Locker net fell 2% as sales dropped 7%. Gap profit jumped 9%. Hibbett Sports net declined 9%. PetSmart net soared 12%. Ross Stores net jumped 8% and sales climbed 6%.
- Hiruki Nakamura
- 22 Nov, 2013
- New York City
Stocks in Tokyo advanced and index advance led the developed markets on the continued weakness in the yen. Sony plans to cut $250 million in costs in its entertainment division. Hitachi Ltd plans to issue 60 billion yen of loans to repay debts and fund capital expenditure.
- Nigel Thomas
- 22 Nov, 2013
- New York City
Future profit surged but revenue dropped to 9%. Novartis launched its $5 billion share buyback program. TUI Travel plunged after Fredriksen sold his entire stake of 5.4%. Tullow Oil discovered its fifth consecutive oil rift.