- Nigel Thomas
- 11 Mar, 2014
- New York City
Chinese regulators and central bank followed with details of banking industry liberalization after President Xi Jinping laid out a framework in November. Five private banks will be permitted to launch banks as early as next years.
- Nichole Harper
- 11 Mar, 2014
- New York City
Stocks on Wall Street paused and investors digested latest earnings announcements. Most companies have exceeded the low earnings expectations but retailers struggle and harsh winter played a role in consumer spending and construction sector.
- Nigel Thomas
- 11 Mar, 2014
- New York City
Fenner, the maker of polymer products lowered first-half outlook. Geberit net soared 13% and sales grew 5%. Galenica profit surged 16% to 296 million francs. Germany based reinsurer Hannover Ru net climbed 5%. Inchcape profit jumped 7% to
- Hiruki Nakamura
- 11 Mar, 2014
- New York City
Insurance companies in Tokyo traded higher after the Bank of Japan reiterated its plan to purchase bonds between 60 billion yen and 70 billion a month. Market indexes in Japan are down 5.3% in the year so far and are at the bottom of eight most actively traded markets.
- Marcus Jacob
- 11 Mar, 2014
- New York City
Australian indexes turned volatile and investors focused on the lack of new demand for iron ore from China. BHP said it has made numerous short term productivity improvements in its iron ore division. Coca-Cola Amatil
- Mukesh Buch
- 11 Mar, 2014
- New York City
Godrej Properties develop a new project in Vikhroli with Boyce. HMT gained after government approved revival plans. Indian Oil will invest about Rs 3,150 crore to set up a polypropylene unit in Paradip and Kuwait Petroleum may take a stake.
- Mukesh Buch
- 10 Mar, 2014
- New York City
Alexion lifted sales and profit outlook for the year. Chiquita Brands agreed to acquire U.K.-based Fyffes Plc for $526 million. McDonald''s February sales dropped 1.4%. Regado Biosciences surged 20% on fast track regulatory approval status.
- Nigel Thomas
- 10 Mar, 2014
- New York City
Bouygues agreed to sell its network assets to Iliad for
- Hiruki Nakamura
- 10 Mar, 2014
- New York City
Japan
- Marcus Jacob
- 10 Mar, 2014
- New York City
Australian markets closed lower on the worries that a slowdown in China would dampen the demand for commodities. Leighton Holdings soared 11% after its German parent Hochtief AG offered to increase its stake. Insurance Australia plans to raise $200 million.
- Mukesh Buch
- 10 Mar, 2014
- New York City
Dishman Pharma is in talks to sell its land assets in Gujarat to Nirma for 650 crore rupees. EIL won $139 million contract from Nigerian. L&T won new orders worth Rs 2,935 crore. Reliance Mediaworks plans to delist its shares.
- Mukesh Buch
- 07 Mar, 2014
- New York City
Big Lots net plunged 30% and sales dropped. Cooper net fell 4% but sales jumped 7% and lifted outlook. Foot Locker net and revenue climbed. Penn West Petroleum net in the quarter widened. Quiksilver net swung to a profit. Safeway agreed to be acquired for $9.4 billion.
- Nigel Thomas
- 07 Mar, 2014
- New York City
Air France said passenger traffic in February grew 1.4%. Fugro profit soared 39% after revenue climbed and net debt ratio held below target. Getinge fell after first-quarter guidance and outlook for the next several quarters. MoPowered won 20 new clients. Telecom Italia loss narrowed
- Nichole Harper
- 07 Mar, 2014
- New York City
Stocks on Wall Street struggled to advance after trade deficit widened in January and employers added more than expected 175,000 jobs in February. Canada said its trade deficit shrank to $0.2 billion but exports rose 5.3%. Albertsons offered $40 a share or $4.9 billion for Safeway Inc.