- Marcus Jacob
- 05 Mar, 2014
- New York City
Australian market indexes closed at a new five-and-a-half year high after December quarter growth was ahead of expectations and hopes of tensions easing in Ukraine. Iron ore miners were in focus on the expectations of a revival in merger deals.
- Nichole Harper
- 04 Mar, 2014
- New York City
U.S. and global market indexes rebounded on the hopes of easing tensions in Ukraine. At least for now Russia appears to be not prepared to increase military strength. Gold and crude oil futures eased. RadioShack plans to close as many as 1,100 or 20% of its stores.
- Mukesh Buch
- 04 Mar, 2014
- New York City
AutoZone net jumped 9% and sales climbed 10%. Bank of Nova Scotia net profit and revenue increased. E. W. Scripps net plunged 71%. Hilltop net and interest income surged. MBIA net tumbled 79%.
- Nigel Thomas
- 04 Mar, 2014
- New York City
Beiersdorf profit climbed 12% to
- Hiruki Nakamura
- 04 Mar, 2014
- New York City
Market sentiment in Asia and in Japan recovered and the Nikkei and Topix indexes added 0.5% and the yen eased 0.4% to drop below 102 against one U.S. dollar. Real estate companies led the gainers. Human error in Osaka trading halted Nikkei 225 futures for more than 20 minutes.
- Marcus Jacob
- 04 Mar, 2014
- New York City
Reserve Bank of Australia left its key lending rate at record low 2.5% for the sixth month in a row. Governor Glenn Stevens also renewed his campaign to lower the Aussie dollar. Government agreed to amend legislation to split Qantas into two carriers.
- Mukesh Buch
- 04 Mar, 2014
- New York City
Ashok Leyland February sales declined 21%. Bharti Airtel seek to acquire telecom licences and subscribers of Essar Telecom Kenya for $100 million. GMR won rail line projects worth Rs 267 crore in Uttar Pradesh. HCC secured Rs 903 crore order from Karnataka.
- Nichole Harper
- 03 Mar, 2014
- New York City
U.S. indexes extended world markets sell off after tensions in Ukraine escalated and Russia took steps to increase its military strength in Crimea. Markets in Germany fell 3%, in Poland declined 4.5% and in Russia plunged 11%. Crude oil and gold added 2%.
- Mukesh Buch
- 03 Mar, 2014
- New York City
Caesars Entertainment agreed to sell its four casinos to Caesars Growth for $2.2 billion. Icahn Enterprise profit surged. Magellan Health net tumbled 50%. Nu Skin sales and net soared. QR Energy net swung to profit. Tyco agreed to sell its security business in South Korea.
- Nigel Thomas
- 03 Mar, 2014
- New York City
European markets plunged and extended worldwide market selloff after Russian lawmakers authorized President Vladimir Putin to increase military strength in Crimea. The benchmark index in Russia declined 11% and Russian ruble traded at a new low against the U.S. dollar.
- Nigel Thomas
- 03 Mar, 2014
- New York City
European markets plunged on rising tensions in Ukraine. Metro plans to raise
- Hiruki Nakamura
- 03 Mar, 2014
- New York City
The Nikkei in Tokyo plunged 1.3% and the yen gained as tensions mounted in Eastern Europe. Russia
- Marcus Jacob
- 03 Mar, 2014
- New York City
Australian market indexes declined and the dollar edged lower against after Ukraine faced a military action from Russia. Transpacific Industries said it plans to sell its New Zealand based waste management business to China based fund.
- Mukesh Buch
- 03 Mar, 2014
- New York City
Atul Auto February sales surged 18.9%. Bajaj Auto sales dropped 6% but export jumped 5%. Maruti Suzuki sales fell 0.8% and export plummeted 20%. M&M auto sales declined 12% after domestic sales slipped 11% and export plunged 17%. Tata Motor February sales plunged 36%.
- Nichole Harper
- 28 Feb, 2014
- New York City
U.S. indexes scaled to fresh highs after the consumer confidence index improved. U.S. lowered its economic growth estimate in the fourth quarter to 2.4%. Monster Beverage reported better than expected sales. Citigroup lowered 2013 earnings on fraud in Mexico.