- Hiruki Nakamura
- 02 Jul, 2013
- New York City
Volatile stocks in Tokyo advanced for the fourth day in a row after the yen declined and approached 100-level against a dollar. After the close, Government Pension Investment Fund said it earned 10% annual return in fiscal year to March. Fast Retailing same store sales surge 20% in June.
- Mukesh Buch
- 02 Jul, 2013
- New York City
Ashok Leyland June truck sales plunged 31% and Bajaj Auto sales declined 14%. Tata Motors June sales plummeted 18% and domestic sales tumbled 32%.
- Marcus Jacob
- 02 Jul, 2013
- New York City
Reserve Bank of Australian held its cash rate for the second month but held out possibility of a future rate cut. Market indexes soared 2.6%, largest one-day gain in 19 months. Boart Longyear plunged 11% on debt rating downgrade.
- Mukesh Buch
- 01 Jul, 2013
- New York City
Citigroup agreed to pay $968 million to Fannie Mae. Intuit plans to sell its financial services unit to Thoma Bravo for $1.03 billion. Nokia agreed to acquire remaining 50% stake in Nokia Siemens Networks. Tribune Co agreed to buy 19 television stations valued $2.73 billion.
- Nigel Thomas
- 01 Jul, 2013
- New York City
European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.
- Nigel Thomas
- 01 Jul, 2013
- New York City
Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for
- Nichole Harper
- 01 Jul, 2013
- New York City
U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.
- Hiruki Nakamura
- 01 Jul, 2013
- New York City
Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.
- Marcus Jacob
- 01 Jul, 2013
- New York City
Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.
- Mukesh Buch
- 01 Jul, 2013
- New York City
GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.
- Nichole Harper
- 28 Jun, 2013
- New York City
U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.
- Hiruki Nakamura
- 28 Jun, 2013
- New York City
Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan
- Mukesh Buch
- 28 Jun, 2013
- New York City
AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.
- Marcus Jacob
- 28 Jun, 2013
- New York City
Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.
- Mukesh Buch
- 28 Jun, 2013
- New York City
Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.