- Hiruki Nakamura
- 27 May, 2013
- New York City
Stocks in Tokyo extended losses for the second day and compounded 2-day loss to 10% as retail investors and computer based trading retrenched. The today
- Nigel Thomas
- 27 May, 2013
- New York City
Club Mediterranee received buyout offer from AXA and Fosun International. Fiat talks with banks to acquire Chrysler. SAP withdraws his interest in Jive Software. Qatar Telecom agrees to buy stake for $12 billion in Vivendi
- Marcus Jacob
- 27 May, 2013
- New York City
Australian index declined for the fifth day in a row and extended losses to 5% in the last six days of trading. Commodities prices fell and resource stocks closed lower. Australian dollar drifted to a new one-year low.
- Mukesh Buch
- 27 May, 2013
- New York City
Britannia sales and profit surged. Crompton sales rose but net plunged 75%. CCI net edged down and Gujarat NRE Coke net swung to profit. Jet Airways net loss widened. Oil India profit soared 72%. RCom raised mobile call rates by 33%. Wockhardt net swung to profit.
- Mukesh Buch
- 24 May, 2013
- New York City
Aeropostale net swung to loss. Gap sales and profit jumped. Foot Locker comparable store sales jumped. Nordson sales soared and lifted outlook. Ross Stores net climbed 12%. Salesforce.com sales jumped but net loss widened. Sears net swung to loss as comparable store sales dropped.
- Nichole Harper
- 24 May, 2013
- New York City
Market indexes traded higher to erase early morning decline but struggle to move in the positive territory. Durable goods orders increased faster-than-expected 3.3% in April on a jump in volatile aircraft orders. European markets closed lower.
- Nigel Thomas
- 24 May, 2013
- New York City
3i Group offers to acquire Barclays European infrastructure fund division. BTG agreed to acquire targeted therapies division of Nordion for
- Hiruki Nakamura
- 24 May, 2013
- New York City
In wild trading stocks in Tokyo closed higher as retail investors step up. Retail participation in Tokyo trading has steadily increased from less than 20% to close to 40% in the last three months as speculators ride market momentum.
- Marcus Jacob
- 24 May, 2013
- New York City
Australian market indexes extended losses for the second day as global uncertainties rise rooted in Chinese slowdown and premature withdrawal of economic stimulus in the U.S.
- Mukesh Buch
- 24 May, 2013
- New York City
HCL profit climbed but revenues declined. MRPL net swung to loss and revenues increased 16%. Religare net loss widened Rs 895 crore. Tata Steel reported loss of $1.17 billion on weak demand and asset write-downs in Europe.
- Mukesh Buch
- 23 May, 2013
- New York City
Buckle declined as profit dropped. Cato comparable sales declined 5%. Dollar Tree sales and net climbed 7%. Hewlett-Packard surged but net plunged 32%. L Brands net jumped 14%. Ralph Lauren net soared 33% and lifted fiscal outlook.
- Nigel Thomas
- 23 May, 2013
- New York City
European market indexes plunged more than 2% on the rising global uncertainties. U.K. GDP increased at 0.3% rate in the first quarter and yields on Spanish and Italian bonds rose.
- Nigel Thomas
- 23 May, 2013
- New York City
DMGT said print revenues declined but profit soared 69%. Mothercare international sales surged 8% and loss for the year narrowed. SABMiller group revenue for the year climbed 10% and profit plunged 22% to $3.51 billion. SBM Offshore quarterly revenue surged 35%.
- Nichole Harper
- 23 May, 2013
- New York City
World markets were on the edge after Nikkei plunged 7% and talks of stimulus unwinding put investors on alert. European markets also declined 2.2%. U.S. weekly jobless claims declined and manufacturing shrank for the first time in seven months in China.
- Hiruki Nakamura
- 23 May, 2013
- New York City
Nikkei index in Tokyo plunged 7% on the growing worries about early withdrawal of the economic stimulus in the U.S. and manufacturing contraction in China. The sharp decline comes after the Nikkei soared more than 70% in seven months and markets increasing reliance on the central bank support.