- Sarla Buch
- 11 Dec, 2015
- New York City
Market indexes in India extended weekly losses and dropped to 13-week lows. Sensex is down 8.9% in the year so far and may register annual loss for the first time since 2011. MEP Infrastructure secured toll collection rights in Uttar Pradesh.
- Hiruki Nakamura
- 11 Dec, 2015
- New York City
The Nikkei average trimmed weekly losses to 1.4%. Prime Minister Abe starts his visit to India after the approval of a $14.7 billion project for the construction of India''s first bullet train line.
- Nichole Harper
- 10 Dec, 2015
- New York City
Stocks struggled to advance on Wall Street after weekly jobless claims rose but remained below the threshold of 300,000. Import prices declined largely on the strength of the dollar and declined 9.4% from a year ago month in November.
- Mukesh Buch
- 10 Dec, 2015
- New York City
Ciena plunged out revenues outlook missed expectations. Cantel Medical net soared 28%. Hooker Furniture profit surged 44%. Ingles Markets net dropped 8%. Methode Electronics net declined 19%. Men''''s Wearhouse plunged 25%.
- Lucy Stoeva
- 10 Dec, 2015
- New York City
European market indexes extended losses and hovered near two-month lows. Accor agreed to acquire three luxury hotel brands for $2.9 billion. Centrica jumped after reassuring operating profit outlook. Ocado fourth-quarter revenues soared 17% to
- Marcus Jacob
- 10 Dec, 2015
- New York City
Australian market down following weak global markets and despite the positive jobs report. Unemployment rate fell to 5.8% in November and the Australian economy created 71,400 new jobs. Austal Limited tumbled 25% after issuing a profit warning.
- Sarla Buch
- 10 Dec, 2015
- New York City
Sensex in Mumbai halted 6-day decline after markets in Asia rebounded and investors searched for bargains. Shipping companies led the gainers after the government approved financial assistance to ships built in India. Bharti plans to launch 4G service in Rajasthan.
- Hiruki Nakamura
- 10 Dec, 2015
- New York City
The Nikkei average extended 3-day losses and the referenced index dropped to a five-week low after the yen advanced. The producer price index in November fell 0.1%.
- Nichole Harper
- 09 Dec, 2015
- New York City
Stocks on Wall Street meandered and crude oil price halted five-day sell-off of 10%. Dow Chemical and DuPont surged more than 8% after two companies were said to be in advanced merger talks. European markets trimmed losses.
- Mukesh Buch
- 09 Dec, 2015
- New York City
Dow Chemical and Du Pont are in advance merger talks. Yahoo! plans to spin-off its core business into a separate company. Costco net fell 3%. Korn/Ferry net tumbled 29%. Lululemon net plunged 12%. Vera Bradley net soared 49%.
- Lucy Stoeva
- 09 Dec, 2015
- New York City
Europe extended losses on concerns about growth in China and pressure from commodity stocks. Alternative Networks net soared 42%. Stagecoach tumbled after profit declined 7% and earnings forecast deteriorated. Xchanging agreed to be acquired by Computer Sciences Corp.
- Marcus Jacob
- 09 Dec, 2015
- New York City
Australian markets extended losses as overall commodity prices test new seven-year lows. Consumer confidence index fell 0.8% in December and the total number of home loans in October dropped 0.5%.
- Hiruki Nakamura
- 09 Dec, 2015
- New York City
Nikkei average fell 1% on the deepening gloom in commodities market and another day of sustained losses in New York and European stocks overshadowed the surge in core machine orders. Hakuhodo Dy Holdings said November sales soared 12.5% from a year ago.
- Sarla Buch
- 09 Dec, 2015
- New York City
Broader market in Mumbai declined for the sixth day in a row as politicians across all major parties wrangle ahead of goods and service tax reform bill. Mahindra & Mahindra said November vehicle sales soared 46.5%. Rajesh Exports extended its order winning streak in UAE.
- Nichole Harper
- 08 Dec, 2015
- New York City
With weak sentiment, S&P 500 index opened lower and struggled to rebound in the positive zone after a sell-off in Asia and in Europe. Crude oil price extended losses and two largest mining companies announced additional cuts in capital spending.