- Mukesh Buch
- 06 Dec, 2013
- New York City
Cairn India bids for one oil and gas exploration block in Sri Lanka. Lupin launched generic version of capsules in the U.S. MphasiS net declined 9% and revenue surged 20%. Tata Motors plans to invest
- Nichole Harper
- 05 Dec, 2013
- New York City
U.S. stocks searched for a direction and the dollar declined after the European Central Bank held its key lending rate. U.S. economic growth in the third quarter was revised higher to 3.6%. Weekly jobless claims fell 23,000 to 298,000.
- Hiruki Nakamura
- 05 Dec, 2013
- New York City
Stocks in Tokyo declined after market indexes advanced for two days in a row. The yen gained 0.3%. Japan Tobacco acquired 20% stake in Russia based tobacco distributor. Seven & I acquired 45% stake in a department store operator Barneys Japan Co. Ltd. for an undisclosed sum.
- Marcus Jacob
- 05 Dec, 2013
- New York City
Australian indexes plunged 1.4% and the dollar weakened further. Australian trade deficit in October widened to $529 million. Qantas plans to cut 1,000 jobs and may sell a stake in Jetstar. Westfield gained full control of retail complex at New York World Trade Center.
- Nigel Thomas
- 05 Dec, 2013
- New York City
DS Smith profit surged 65%. Getinge offered to acquire Pulsion Medical Systems for
- Mukesh Buch
- 05 Dec, 2013
- New York City
Bharti Airtel raised
- Nichole Harper
- 04 Dec, 2013
- New York City
U.S. new home sales surged at the fastest pace in three decades in October. A separate report showed trade gap in the month declined 5.4% to $40.6 billion on lower petroleum products deficit. Market averages declined and stocks in Europe closed lower.
- Hiruki Nakamura
- 04 Dec, 2013
- New York City
Stocks in Tokyo fell a day after averages closed at a six-year high. The yen rebounded from a six-month low. Toyota and Nissan increased U.S. sales in November but Honda sales declined. Sony PlayStation PS 4 sales are ahead of expectations.
- Mukesh Buch
- 04 Dec, 2013
- New York City
Bob Evans net fell 3% and sales surged 19%. Express, the specialty retailer
- Nigel Thomas
- 04 Dec, 2013
- New York City
Deutsche Bank fined
- Marcus Jacob
- 04 Dec, 2013
- New York City
Australian markets halted a 3-day slide in a broad rally that included banks, miners and energy stocks. Dick Smith closed flat on the first day of trading and the electronics retailer raised $315 million in an offering. Nine Entertainment set its initial price and valued the company at $1.9 billion.
- Mukesh Buch
- 04 Dec, 2013
- New York City
GMR Infra plan to sell Emco Energy Ltd. Godrej Properties to buy back 49% stake in a Kolkata subsidiary. Mahindra Holidays sold its stake in two Austrian subsidiaries. RCom raised mobile internet data rates and reduced data limits.
- Nichole Harper
- 03 Dec, 2013
- New York City
U.S. market indexes trended lower and investors digested retail and auto sales reports. General Motors sales increased 14%, Ford sales rose 7.2% and Chrysler sales surged 16%. Online sales on Cyber Monday surged but weaker sales at brick-and-mortar stores worried investors.
- Hiruki Nakamura
- 03 Dec, 2013
- New York City
The yen powered rally lifted market indexes lifted market averages near a six-year high. The yen dropped to the lowest since May. Sekisui Chemical soared 8% on a report that the company developed a cheaper and better material for batteries used in electric vehicles.