- Marcus Jacob
- 03 Oct, 2013
- New York City
Australian stocks traded higher and the dollar gained as Asian markets shift focus to domestic events. Australian service industry growth eased in September. Leighton in a lengthy statement denied allegation that it participated in corrupt practices to win contracts in Iraq, Indonesia and Malaysia.
- Nichole Harper
- 02 Oct, 2013
- New York City
U.S. market indexes declined as government remained shut for the second day. The White House summoned top lawmakers to settle on a short-term budget to reopen the government and move the negotiations to decide on the debt limit revision.
- Mukesh Buch
- 02 Oct, 2013
- New York City
Global Payments net soared 38% as revenue jumped. Monsanto said quarterly loss widened. Resources Connection net plummeted 23% and Team Inc declined 12% after net tumbled 41%. Walgreen quarterly earnings surged 86.4%.
- Hiruki Nakamura
- 02 Oct, 2013
- New York City
Stocks in Tokyo declined and the yen advanced for the second day. Investors focused on the immediate impact of the latest stimulus plan and several economists worried that the proposed sales tax increase will dampen consumer spending.
- Marcus Jacob
- 02 Oct, 2013
- New York City
Stocks advanced in Sydney in light volume and new building approvals declined 4.7% in August from July but gained 7% from a year ago. Australian dollar edged higher and commodities prices fell. Mongolian government signaled additional approvals for the delayed Oyu Tolgoi copper and gold mine.
- Nichole Harper
- 01 Oct, 2013
- New York City
Stocks on Wall Street gained as investors reacted calmly to the U.S. government shutdown. Wall Street is betting that the shutdown will be short lived and debt ceiling will be revised as early as next week. U.S. Treasury yields rose to 2.64% and the dollar index drops to an eight month low.
- Mukesh Buch
- 01 Oct, 2013
- New York City
Actuant net swung to a profit. Chrysler said September sales rose 1%, Ford sales climbed 6% and General Motor sales declined 11%. Diamond Foods plunged as net loss widened. NYSE Euronext sold its 12% stake in Qatar Exchange to Qatar Investment Authority. Paychex net climbed 6%.
- Nigel Thomas
- 01 Oct, 2013
- New York City
Ceres Power Loss in the year narrowed. Poundland profit surged 59%. Pure Wafer operating profit for the year surged. Unilever dropped after consumer products maker estimated third quarter sales growth not to exceed 3.5%. Wolseley annual profit surged to
- Hiruki Nakamura
- 01 Oct, 2013
- New York City
Prime Minister Shinzo Abe approved the increase of sales tax to 8% from 5% and proposed $51 billion stimulus plan that includes tax breaks for capital spending. Sales tax increase is the first since 1997. The much awaited tax increase is expected to dampen consumer spending.
- Marcus Jacob
- 01 Oct, 2013
- New York City
Australian stocks traded lower and Reserve Bank of Australia left its reference rate at 2.5%. Home price index in capital cities increased 1.6% in September and new home sales rose 3.4% in August. Australian retail sales rose 0.4%.
- Nichole Harper
- 30 Sep, 2013
- New York City
U.S. market indexes weakened as the government shutdown looms and reticent lawmakers are in no mood to agree on a short term budget. However, larger battle is ahead to revise debt ceiling in the next two weeks. U.S. Treasury yield was stable but the dollar weakened.
- Mukesh Buch
- 30 Sep, 2013
- New York City
21Vianet said Temasek invested $100 million. Brookfield Property to acquire Brookfield Office Properties for $1.7 billion. Lockheed Martin secured order worth $7.8 billion. Philip Morris agreed to acquire 49% stake in Arab Investors-TA for $625 million.
- Nigel Thomas
- 30 Sep, 2013
- New York City
Aryzta profit dropped but group revenue jumped 7% to
- Hiruki Nakamura
- 30 Sep, 2013
- New York City
Stocks in Tokyo closed lower following the sell-off across Asia. Looming U.S. government shut down turned investors cautious. Prime Minister Shinzo Abe is scheduled to announce new economic and tax measures tomorrow. Toshiba Corp plans to cut television operations by half to 3,000.