- Marcus Jacob
- 14 May, 2013
- New York City
Australian government delayed its goal of returning to a budget surplus to 2015 and revised its deficit estimate for the current fiscal year to $19.4 billion. Australia faces a possible credit rating downgrade after the latest budget estimate.
- Mukesh Buch
- 14 May, 2013
- New York City
Amtek Auto third quarter net soared nearly three-fold and Dr. Reddy
- Mukesh Buch
- 13 May, 2013
- New York City
Cellcom Israel first quarter net plunged 61% and Dell special committee seeks information from Carl Icahn. Elan Corporation agreed to pay $1 billion to buy 21% royalties. Valhi net swung to profit.
- Nichole Harper
- 13 May, 2013
- New York City
Stocks on Wall Street traded sideways and retail sales in April rose unexpectedly. Markets in Europe eased but in Japan soared after the yen dropped to a new 5-year low.
- Hiruki Nakamura
- 13 May, 2013
- New York City
The yen declined more and broader market indexes extended gains after G7 ministers offered a tacit approval to the latest yen weakness. Traders are looking for the yen to drop to 115 against one dollar and the Nikkei index to jump above 15,000. Exporters were in demand in trading today.
- Nigel Thomas
- 13 May, 2013
- New York City
Blinkx profit for the year surged nearly six-fold. Lonmin in the first-half climbed three-fold. Partnership Assurance Group plans a listing in London. Klein family plans to sell stake in Via Varejo for $988 million.
- Marcus Jacob
- 13 May, 2013
- New York City
Australian indexes traded sideways and the dollar closed below parity with the U.S. currency and to the lowest last seen in June. Resource stocks led the decliners. Westside Retail Trust said lease rates at new leases in Australia are lower than a year ago.
- Mukesh Buch
- 13 May, 2013
- New York City
Bank of Baroda fourth quarter net declined 32%, Bank of India net declined 21% and Dena Bank net plunged 51%. J.K. Cement net dropped 30%. Nestle India net was nearly flat and RPower net climbed 15%. Sobha Developers net declined 28%.
- Mukesh Buch
- 10 May, 2013
- New York City
Apache first quarter net dropped 9% and CareFusion quarterly net surged 163%. Dish Network net declined 40% and Telus Corp net jumped 14%. Priceline net climbed 40% to $244.3 million. Telus Corp net jumped 14%.
- Nigel Thomas
- 10 May, 2013
- New York City
BT Group fourth quarter profit slipped 5% to
- Nichole Harper
- 10 May, 2013
- New York City
U.S. stocks are trending higher in early trading on the back of sustained weekly rally in European and Asian markets. The Yen dropped below 100-mark and extended year-to-date advance in Nikkei above 40%.
- Nichole Harper
- 09 May, 2013
- New York City
U.S. indexes traded near flat line after weekly jobless claims dropped to the lowest since January 2008 and inventories at wholesalers increased in March indicating a possible slowdown in orders.
- Mukesh Buch
- 10 May, 2013
- New York City
Ashok Leyland fourth quarter net plunged 42% and Aban Offshore signed contract in Mexico worth $177 million. Central Bank of India and NDTV net swung to profit and Escorts net soared 62%. NTPC net jumped 69% and RCom repaid syndicated loan of $500 million.
- Nigel Thomas
- 10 May, 2013
- New York City
European indexes extended gains for the fifth day this week on the back of sustained support from the central banks, mixed earnings report and rising economic expectations in Japan and the U.S. German exports rose more than expected in the quarter to March.
- Hiruki Nakamura
- 10 May, 2013
- New York City
The Nikkei index in Tokyo surged as the yen weakened below 100, the closely watched hurdle. The Nikkei index surged more than 7% in the week and soared 40% in the year so far. Japan swung to a current account surplus in March. Nikon Corp and Mitsui Fudosan gained on earnings outlook.