- Marcus Jacob
- 18 Mar, 2013
- New York City
Markets in Australia and in Asia fell sharply on the worries that euro zone debt troubles are far from over. The latest proposal to impose a tax on bank depositors set off worries of a bank run in other troubled nations and knocked off commodities prices.
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ashok Leyland sold stake in IndusInd Bank controlled by Hinduja group. Indian government plans to sell 10% stake in Coal India. L&T plans to divest up to 20% stake in infrastructure unit to raise $500 million. Thomas Cook won an approval for secondary offering.
- Mukesh Buch
- 15 Mar, 2013
- New York City
Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.
- Nichole Harper
- 15 Mar, 2013
- New York City
U.S. stocks were under pressure after Federal Reserve asked JPMorgan and Goldman Sachs to resubmit their capital plans and rejected the plan by BB&T Corp and Ally Financial to return capital to shareholders.
- Nigel Thomas
- 15 Mar, 2013
- New York City
Bwin.party said total loss for the year narrowed to
- Hiruki Nakamura
- 15 Mar, 2013
- New York City
Japanese lawmakers confirmed the leadership change at the Bank of Japan. Central Bank is scheduled to begin its two-day meeting on April 3. Nikkei jumped 1.5% and banks and shipping companies led the gainers.
- Marcus Jacob
- 15 Mar, 2013
- New York City
Australian stocks rebounded following the sustained gains in New York. Market indexes opened higher and built more gains after miners and banks participated in the rally.
- Mukesh Buch
- 15 Mar, 2013
- New York City
Corporation Bank shareholders approved preferential share allotment to government. Dredging opened its public issue of tax-free bonds to raise $90 million. HPCL plans to set up petrochemical complex in Rajasthan. Nalco public offer fully subscribed.
- Mukesh Buch
- 14 Mar, 2013
- New York City
Global Partners fourth quarter net surged 126% and Hot Topic net jumped 35%. Buckle fourth quarter net climbed 9% to $61.4 million and Men
- Nichole Harper
- 14 Mar, 2013
- New York City
Stocks in New York traded higher after weekly jobless claims declined for the second week in a row and wholesale prices fell and current account deficit shrank unexpectedly in February. S&P 500 index inched closer to all-time closing high.
- Nigel Thomas
- 14 Mar, 2013
- New York City
Generali said profit for the year plunged 68.2% to
- Nigel Thomas
- 14 Mar, 2013
- New York City
European markets advanced as leaders meet for a two day summit and finance ministers are set to begin meeting tomorrow. Swiss central bank reaffirmed its commitment to defend cap with the euro and left its growth estimate for the current year unrevised.
- Hiruki Nakamura
- 14 Mar, 2013
- New York City
Stocks in Tokyo advanced after the lower house of Parliament approved the three nominees to lead the Bank of Japan. Foreign investors added Japanese stocks at the fastest pace last week since the record keeping began in 2005. Kubota gained after the company cited higher sales on weaker yen.
- Mukesh Buch
- 14 Mar, 2013
- New York City
Allahabad Bank lowered interest rate by 5 basis points. BGR Energy pulled out from NTPC power equipment supply contract. Infosys wins five-year contact from BMW Group. Government plans to sell 5% stake of Nalco on Friday.
- Marcus Jacob
- 14 Mar, 2013
- New York City
Australian stocks fell sharply on the rising worries that iron prices may dip to new lows and banks are trading ahead of fundamentals. Iron ore prices declined to $139 a ton. Aurizon, freight railroad operator secured a coal transportation contract with Xstrata.