- Nigel Thomas
- 09 Jul, 2013
- New York City
Aveva estimated higher sales in the current fiscal year. Ferrexpo said first-half pellet production climbed 11.4%. LVMH Moet agreed to buy 80% stake in Italian cashmere maker Loro Piana for
- Nigel Thomas
- 09 Jul, 2013
- New York City
European markets traded higher to reach a 3-week high led by a surge in commodities and resource sector stocks. UK handed over the Libor rate management to the operator of NYSE Euronext exchanges. LVMH agreed to acquire 80% stake in Loro Piana for 2.5 billion euros.
- Nichole Harper
- 09 Jul, 2013
- New York City
Stocks opened higher on Wall Street after Alcoa reported a quarterly loss but held out optimism for an increase in demand for aluminum in the year. Kroger agreed to buy Harris Teeter Supermarkets for $2.5 billion. Barnes & Noble chief executive resigns.
- Hiruki Nakamura
- 09 Jul, 2013
- New York City
Market indexes in Tokyo soared more than 2% following strong gains in international markets. Softbank is scheduled to complete its purchase of SprintNextel tomorrow. Beverage makers and convenience stores traded higher as summer heat lifts demand.
- Marcus Jacob
- 09 Jul, 2013
- New York City
Australian indexes rose to a one-month high as investors shake off global worries. Yanzhou Coal Mining Company is planning to privatize its Australian listed company. Northern Start delayed its gold mining project indefinitely.
- Mukesh Buch
- 09 Jul, 2013
- New York City
Alstom T&D wins a contract from Bajaj Infra for $40 million. Canara Bank invested 10% in a credit rating agency. Gruh Finance net income and revenue surged as loan assets soared 32%. Reliance Capital sold its stake in DTDC Courier to France based GeoPost SA for $25.6 million.
- Nichole Harper
- 08 Jul, 2013
- New York City
U.S. indexes lost early momentum after opening sharply higher. Investors are set to review earnings from banks later in the week and Alcoa is scheduled to kick-off earnings season after the close. European markets soared between 1% and 2%.
- Nigel Thomas
- 08 Jul, 2013
- New York City
Bovis Homes lifted first-half guidance. Hikma Pharmaceuticals estimated revenue for the year to grow nearly 17%. TGS-NOPEC lowered its revenue guidance for the fiscal year.
- Hiruki Nakamura
- 08 Jul, 2013
- New York City
Nikkei in Tokyo edged lower after a surge at the end of last week and the yen dropped to a 5-week low against the dollar. Weak Chinese market sentiment weighed on machinery makers. SoftBank declined 3% after its long-term debt rating was lowered to junk status. Olympus plans to raise $1.16 billion.
- Marcus Jacob
- 08 Jul, 2013
- New York City
Australian indexes declined 0.7% after rallying for two days on the weakness in precious metal prices and weak market sentiment in Asia. Virgin Australia completed the 60% stake purchase in Tigerair. Rio Tinto received an approval to ship copper from Mongolian venture.
- Mukesh Buch
- 08 Jul, 2013
- New York City
Airtel used the 5% stake proceeds of $1.1 billion to repay debt. Jyoti Structures secured export orders worth $200 million. Maruti Suzuki June production declined 25%. RCom plans to spin-off its real estate assets.
- Nichole Harper
- 05 Jul, 2013
- New York City
Stocks on Wall Street surged at the opening after June employment increased better-than-expected 195,000 and jobless rate held at 7.6%. European markets erased yesterday
- Nigel Thomas
- 05 Jul, 2013
- New York City
Afren agreed to acquire additional stake of 23.3% in First Hydrocarbon Nigeria for $105.4 million. Endomines lowered annual gold production target range. Siemens pulled out the bidding for Britain''s multi-billion pound Crossrail project.
- Hiruki Nakamura
- 05 Jul, 2013
- New York City
Market indexes in Tokyo soared the most in three weeks after the yen stayed low and central banks in Europe and England offered to keep interest rate low. Seven & I rose after the convenience chain operator reported 15% increase in net profit and FamilyMart reported 5.9% increase in operating profit.
- Marcus Jacob
- 05 Jul, 2013
- New York City
Australian stocks advanced for the second day in a row after a week of turbulent trading. Fortescue Metals stepped up its campaign against Brockman Mining