- Marcus Jacob
- 14 Feb, 2014
- New York City
Australian market indexes advanced 0.9% on Friday and soared nearly 3% in the week. Total housing loans increased 1% in December in Australia but fell 1.5% when adjusted for seasonal factors. Rio Tinto swung to profit on record output. Newcrest Mining net plunged on write downs and $120 million tax.
- Nichole Harper
- 13 Feb, 2014
- New York City
Stocks on Wall Street advanced after struggling in the early trading. Better than expected earnings helped to reverse sentiment offsetting the weak retail sales and jobs data. Goodyear Tire, CBS and Applied Materials reported better than expected quarterly results.
- Hiruki Nakamura
- 13 Feb, 2014
- New York City
Nikkei index in Tokyo declined 1.8% and extended the year-to-date loss to 10%. Real estate companies led the decline. Asahi Group Holdings dropped 5% after the second-largest beer maker estimated annual income below the estimates.
- Mukesh Buch
- 13 Feb, 2014
- New York City
Comcast agreed to acquire Time Warner Cable for $45.2 billion. Apache net tumbled 73% as revenue dropped 19%. Cisco net plunged 54% and sales declined 8%. Fossil profit fell 2% but sales climbed. PepsiCo net jumped 5%. Whole Foods net grew 4%.
- Nigel Thomas
- 13 Feb, 2014
- New York City
BNP Paribas net plunged 26% to
- Marcus Jacob
- 13 Feb, 2014
- New York City
Australian market indexes reversed earlier gains after the jobless rate in January reached a decade high to 6% and surpassed the previous high of 5.9% in June 2009. Telstra hiked dividend and reported gains in wireless segment. David Jones quarterly sales increased 4.7%.
- Mukesh Buch
- 13 Feb, 2014
- New York City
Cipla net plunged 17% but revenues jumped 22%. Eros profit climbed 41%. Hindalco net tumbled 23%. HCL net declined 9% and sales surged 37%. ONGC net jumped 3%. NCC net tumbled 62%. Page Industries sales and profit climbed. TCL net plunged 55%.
- Nichole Harper
- 12 Feb, 2014
- New York City
U.S. investors paused after the best 4-day gain in a year. European markets gained and Asian markets surged. China reported a sharp increase in exports and imports in January and the best monthly surplus since 2009. The U.S. House approved debt ceiling without any conditions.
- Nigel Thomas
- 12 Feb, 2014
- New York City
The U.S. House approved the federal government
- Bikram Pandey
- 12 Feb, 2014
- New York City
China reported a sharp jump in exports in January, surprising many analysts who were looking for a near flat growth in January.
- Mukesh Buch
- 12 Feb, 2014
- New York City
Deere & Co net rose 5%. DaVita net and sales climbed. Hospira profit surged. Lorillard declined 5%. Owens Corning net swung to profit on 10% rise in sales. Thomson Reuters net swung to a loss as revenue dropped. Valspar net fell 3% but sales soared 9%.
- Hiruki Nakamura
- 12 Feb, 2014
- New York City
Real estate and financial services stocks lead the broad rally in Tokyo. The yen gained. Toyota recalled 1.9 million Prius. Nissan sales in China fell 0.4% in January. Softbank quarterly net declined and the wireless pushed ahead to explorer merger of Sprint and T-Mobile.
- Nigel Thomas
- 12 Feb, 2014
- New York City
Heineken net plunged 53% to
- Marcus Jacob
- 12 Feb, 2014
- New York City
Australian market indexes jumped 1% in active trading and trade with China soared 33% in January. China also reported 10.6% increase in exports in the month. Commonwealth Bank of Australia reported record first-half profit.
- Mukesh Buch
- 12 Feb, 2014
- New York City
BPCL net swung to a loss on 3.8% rise in revenues. GMR Infra net loss widened. HPCL reported larger than expected loss. National Fertilizers net swung to a profit on 36% rise in sales. Oil India net declined 4% and revenue climbed 5%. Tata Steel profit declined 45%.