- Nichole Harper
- 22 Mar, 2013
- New York City
Market indexes shrugged off rising tensions in the euro zone. The dollar gained against the euro zone. Better than expected results from Tiffany, Nike and Darden Restaurants lifted market sentiment. Markets in Asia fell but in Europe erased early losses.
- Mukesh Buch
- 22 Mar, 2013
- New York City
Darden Restaurants third quarter net declined 18% and Nike net surged 55% to $866 million. rue21 fourth quarter net slipped 11%. Supervalu sold its five retail grocery banners valued $3.3 billion. Tiffany fourth quarter net edged up.
- Nigel Thomas
- 22 Mar, 2013
- New York City
BP plans to buy back $8 billion in shares and completed 50% stake sale in its Russian venture to Rosneft. Homeserve lowered its outlook. Mulberry said profit before tax for the year is expected to below market expectations. Schroders agree to buy Cazenove Capital.
- Hiruki Nakamura
- 22 Mar, 2013
- New York City
Stocks in Tokyo fell sharply on the growing uncertainties in the euro zone. The yen gained and commodities eased in Tokyo trading. Broadleaf, a software developer surged 37% on the first day of its trading in Tokyo.
- Marcus Jacob
- 22 Mar, 2013
- New York City
Stocks in Sydney traded higher after a decline for 4-days and the benchmark index closed down 3%, largest fall in a year. Banks led the advance.
- Mukesh Buch
- 22 Mar, 2013
- New York City
Cairn India began sale of natural gas in Gujarat. HDFC plans to raise $92 million through a bond offering. HCL launch ME tablet in Turkey. ING Vysya becomes 100% subsidiary of Exide. SAIL secondary issue 98% subscribed.
- Barry Randall
- 21 Mar, 2013
- New York City
European markets declined for the third day in a row as the latest read on manufacturing in the region was weaker than expected. The euro eased against the dollar after the European Central Bank set a firm deadline for the acceptance of bailout for Cyprus.
- Nichole Harper
- 21 Mar, 2013
- New York City
Market indexes on Wall Street declined after a positive report on the housing market failed to overshadow growing uncertainties in the euro zone. Existing home sales and median home sale price increased in February.
- Mukesh Buch
- 21 Mar, 2013
- New York City
Guess Inc said fourth quarter net plunged 11%. Jabil Circuit second quarter net dropped 9%. KB Home loss narrowed as revenue jumped 59%. Lululemon fourth quarter net climbed 49% and Oracle third quarter net was lower than expected.
- Nigel Thomas
- 21 Mar, 2013
- New York City
Brenntag reported annual net soared 21% to
- Hiruki Nakamura
- 21 Mar, 2013
- New York City
Stocks in Tokyo closed higher and Governor of Bank of Japan faced criticism of 2% inflation target at his first press conference. Japan recorded its eighth monthly trade deficit and the yen declined 0.6%.
- Marcus Jacob
- 21 Mar, 2013
- New York City
Australian political uncertainty sapped market confidence and index managed to trim losses after Prime Minister Julia Gillard settled leadership challenge. Billabong plunged on speculation that the company may not receive firm takeover offers.
- Mukesh Buch
- 21 Mar, 2013
- New York City
Adani Power plans to issue shares to promoters on preferential basis. Indian Overseas Bank approved additional stake sales to central government. L&T won new orders valued Rs 2,080 crore.
- Barry Randall
- 20 Mar, 2013
- New York City
Cyprus Parliament struck down the proposal to tax depositors and international creditors looked for alternatives to stem the growing debt crisis. Cyprus ministers looked to Russia for emergency help and European regulators debated the fate of bailout as the banking system in Cyprus remains closed.
- Nichole Harper
- 20 Mar, 2013
- New York City
Stocks on Wall Street opened higher and struggled to retain the small gains after the two hours of trading. The dollar advanced on the rising tensions between international lenders and Cyprus after lawmakers rejected a tax on bank depositors.