- Hiruki Nakamura
- 19 Mar, 2013
- New York City
Stocks and market indexes in Tokyo rebounded after investors estimated that the risk from controversial depositor-tax in Cyprus spreading to the rest of the euro zone is limited. However, investors fear that the tax sets a dangerous precedent.
- Nigel Thomas
- 19 Mar, 2013
- New York City
BBC Worldwide agreed to sell Lonely Planet to NC2 Media for
- Marcus Jacob
- 19 Mar, 2013
- New York City
Australian stocks rebounded in the early hours but failed to stay in the positive zone after comments from the Reserve Bank weighed on the market sentiment.
- Mukesh Buch
- 19 Mar, 2013
- New York City
Asian Paints acquired 51% stake in Sleek Group. AGC Networks acquired part of business of the U.S. based Transcend United Technologies. GMR is exploring to bid for $400 million airport upgrade project in Philippines. ONGC may acquire 20% stake in the Mozambique gas field.
- Devan Biswas
- 18 Mar, 2013
- New York City
Cyprus bank depositors are facing a
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ameresco fourth quarter net climbed 40%. Cerner agreed to acquire automation solution provider Labotix Automation. Cynosure agreed to buy Palomar Medical for $294 million in cash.
- Nichole Harper
- 18 Mar, 2013
- New York City
Cyprus bailout conditions weighed heavily on market sentiment in New York trading this morning. Market indexes and stocks were in a broad decline and commodities eased as well. Gold gained.
- Nigel Thomas
- 18 Mar, 2013
- New York City
Banks in the euro zone declined sharply on the fresh worries of bank bailout after the euro zone finance ministers proposed a tax on depositors as a conditions for a Cyprus bank bailout. Airbus won an order from Indonesia base airline valued at a list price of $24 billion.
- Hiruki Nakamura
- 18 Mar, 2013
- New York City
The Nikkei index in Tokyo led the Asia-wide decline after the latest proposal to levy tax on bank depositors in Cyprus as a part of the bank bailout spooked investors. The yen gained but traded above the 94 level. Water Direct soared 150% after it opened for initial public offering.
- 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.