- Mukesh Buch
- 29 Aug, 2013
- New York City
Hathway Cable plans to raise $15 million. KEC Intl to sell 7.5 acre land at Thane for $33 million. L&T and consortium won order for $170 million from ONGC. Renuka Sugars sell stake in Brazilian unit worth $1.3 billion. RIL won approval to invest $3.2 billion to expand oil exploration.
- Nichole Harper
- 28 Aug, 2013
- New York City
U.S. indexes gained after a rebound in energy sector stocks as tensions in the Middle East rise. U.S. and allies prepare for a limited strike against Assad regime in Syria that could lead to a wider conflict in the region. Oil extended 3-day rally and gold eased.
- Nigel Thomas
- 28 Aug, 2013
- New York City
Accor first-half net swung to profit. Bouygues net declined 32% to
- Hiruki Nakamura
- 28 Aug, 2013
- New York City
Stocks in Tokyo traded lower and the Nikkei extended losses as the prospect of U.S.-led military strike against the Syrian regime increased. The yen gained against the dollar. Toyota, Honda, Nissan and Sony fell more than 2%. Turkish lira and Indian rupee drop to record lows.
- Marcus Jacob
- 28 Aug, 2013
- New York City
Australian market indexes tracked world markets lower as the prospect of military strike against Syria increased. Oil price advanced on the worries of a wider conflict in the Middle East. Woolworths Limited reported a surge in profit. Metcash plunged on weak profit outlook.
- Mukesh Buch
- 28 Aug, 2013
- New York City
ITC plans to spin-off non-engineering business. NMDC acquired exploration licence from Australia based TNG Ltd. Pratibha Ind secured contract worth Rs 231 crore. RECL plans to raise Rs 5,000 crore through tax-free bonds.
- Mukesh Buch
- 27 Aug, 2013
- New York City
Bank of Nova Scotia net declined 15%. DSW profit surged 15%. Donaldson net grew 2% and Sanderson Farms net soared 137%. Tiffany profit jumped 16% to $106.8 million.
- Nichole Harper
- 27 Aug, 2013
- New York City
Rising Middle East tension overshadowed trading in markets of stocks, bonds, currencies and commodities. Oil jumped 2% and markets in the euro zone dropped as much as 3% as the prospect of military attack on Syria rose.
- Nigel Thomas
- 27 Aug, 2013
- New York City
Antofagasta first-half revenue tumbled 12% and profit-before-tax plummeted 37%. Petrofac revenue dropped 12% and net profit declined 25% to $243 million but backlog climbed 21% to $14.3 billion.
- Hiruki Nakamura
- 27 Aug, 2013
- New York City
Indexes in Japan closed lower and investors awaited policy announcements on sales tax and labor market reforms. Nissan Motor plans to spend$5 billion and increase its production capacity to 2 million vehicles in the U.S. by 2014. ANA Holdings plans to invest 10% stake in Myanmar based airline.
- Marcus Jacob
- 27 Aug, 2013
- New York City
Australian stocks edged higher in late afternoon trading as investors focused on better than expected earnings from Flight Centre. Billabong said annual net loss widened and debt increased. Seven Group lowered earnings outlook.
- Mukesh Buch
- 27 Aug, 2013
- New York City
Crisil will sell 49% stakes in index ventures with National Stock Exchange. CX Partners agree to buy 28.3% stake of Biba Apparels valued Rs 300 crore. HUDCO plan to raise $195.28 million via private placement of tax free bonds.
- Mukesh Buch
- 26 Aug, 2013
- New York City
Amgen agreed to acquire Onyx Pharmaceuticals for $10.5 billion in cash. Anadarko sold its 10% stake in Mozambique oil field to India based ONGC Videsh for $2.64 billion in cash. TMS International agreed to be acquired by Pritzker Organization for $1 billion in cash.
- Nichole Harper
- 26 Aug, 2013
- New York City
U.S. stocks extended gains and durable goods orders declined 7.3% in July. Amgen lifted its bid to $10.4 billion for Onyx. DirectEdge and BATS agreed to merge creating the second-largest stock exchange operator in the U.S. Anadarko sold 10% stake in Mozambique oil field to India controlled ONGC.