- Mukesh Buch
- 26 Jun, 2013
- New York City
Elder Pharma plans to sell its domestic formulations business. ING Vysya to raise $150 million through a qualified institutional placement. Tech Mahindra completed merger with Satyam Computer. Bharti Airtel faces $110 million of penalty from telecom regulatory authority.
- Mukesh Buch
- 25 Jun, 2013
- New York City
Barnes & Noble said quarterly sales declined and net loss widened. Carnival and Ennis quarterly net surged. Lennar sales climbed but net tumbled 70%. Walgreen net jumped 16% and sales rose 3.2%.
- Nichole Harper
- 25 Jun, 2013
- New York City
U.S. markets opened higher after durable goods orders increased at the fastest pace in six months and metropolitan home price rose more than expected in April. European markets jumped more than 1%.
- Nigel Thomas
- 25 Jun, 2013
- New York City
Essar Energy net loss for the year narrowed to $162.8 million. Telefonica agreed to sell its Irish unit to Hutchison for
- Nigel Thomas
- 25 Jun, 2013
- New York City
European markets rebounded a day after indexes extended losses and erased yearly gains. Business confidence index in France improved moderately in June. Automakers in Europe traded higher and banks led the gainers.
- Hiruki Nakamura
- 25 Jun, 2013
- New York City
Market indexes in Tokyo closed lower and the yen rebounded above 98. ANA Holdings and the largest discount carried Air Asia plan to dissolve their joint venture. Sumitomo Life Insurance may bid for life insurance unit of PT Bank Negara Indonesia.
- Mukesh Buch
- 25 Jun, 2013
- New York City
Cairn India plans to invest $3 billion in its Rajasthan oilfields. Oil India and ONGC Videsh agree to acquire stake in Mozambique oil field from Videocon for $2.48 billion. Tata Steel is looking to raise $1.2 billion through stake sales in group companies.
- Marcus Jacob
- 25 Jun, 2013
- New York City
Australian market indexes closed at its low for the year and erased most of the yearly gain as investors shy away from stocks in resource and retail sectors. A consumer advocate group in New Zealand filed a legal challenge for unfair fees charged by ANZ.
- Nigel Thomas
- 24 Jun, 2013
- New York City
European markets extended losses and erased gains in the year so far and the euro weakened as the dollar advanced. Vodafone agreed to offer 7.7 billion euros to Germany
- Nichole Harper
- 24 Jun, 2013
- New York City
U.S. stocks opened lower as global market worried weighed on market sentiment. China began its monetary tightening that dragged Shanghai index down 5% and the U.S. Fed is expected to taper its monetary stimulus. Copper dropped to a 21-month low.
- Mukesh Buch
- 24 Jun, 2013
- New York City
GMR Infrastructure seeks damages of $1.4 billion from the Maldives Airports Company. HCL and Vestas Wind Systems entered into a long-term collaboration. Jaiprakash Power halted power generation at its Uttarakhand. Indian jewelers plunge after local gold price declined to a 2-year low.
- Hiruki Nakamura
- 24 Jun, 2013
- New York City
The Nikkei in Tokyo turned lower in afternoon trading after stocks in Shanghai plunged more than 5% as cash shortage among banks persisted. Japanese ruling coalition won in local election in Tokyo lifting hopes for its majority in the upper house election in a month.
- Marcus Jacob
- 24 Jun, 2013
- New York City
Australian stocks closed lower after iron ore prices declined and the dollar dropped to the new low in the year. Leighton Holdings won an extension of contract from Fortescue Metals by $1.3 billion to $2.8 billion. Rio Tinto decided to keep its diamond business.
- Mukesh Buch
- 21 Jun, 2013
- New York City
Archer-Daniels confirmed that it is in talks to sell its cocoa business. CarMax first quarter sales and net climbed. Michael Dell defended leveraged buyout of the computer company he founded. Darden Restaurants sales surged 59% but profit plunged 67%. Oracle net climbed 10% to $3.9 billion.
- Nichole Harper
- 21 Jun, 2013
- New York City
U.S. market indexes are set to decline for the third day in a row after the Fed laid out its stimulus exit plan that has been in place for more than four years. The Fed