- Marcus Jacob
- 28 Oct, 2015
- New York City
Australian dollar declined 1% after the third-quarter inflation slowed to 0.5% from the second-quarter and annual inflation rate was 1.5%. Core inflation that excludes volatile food and energy prices also was lower than expected knocking all hopes of a rate hike in the near term.
- Hiruki Nakamura
- 28 Oct, 2015
- New York City
Nikkei average in Tokyo closed higher and investors focused on the latest earnings announcement. Canon continued to struggle in its camera division. ANA first-half net soared 51%. Daiwa and Nomura reported better-than-expected earnings.
- Nichole Harper
- 27 Oct, 2015
- New York City
Indexes on Wall Street remained in consolidation phase as more companies announce earnings. Durable spending declined for the second month in a row in September, raising the prospect of a sharp slowdown in the U.S. economic growth. Walgreens agreed to acquire Rite Aid for $9.4 billion in cash.
- Mukesh Buch
- 27 Oct, 2015
- New York City
Walgreens is in talk to acquire Rite Aid. Cisco agreed to acquire privately held Lancope. Alibaba net jumped. Bristol-Myers net fell 2%. Comcast profit plunged. Du Pont net plummeted 46%. Ford net more than doubled. Pfizer net plunged 20%.
- Hiruki Nakamura
- 27 Oct, 2015
- New York City
Nippon Life nearing a deal to acquire life insurance business of National Australia Bank Ltd. Seven & I Holdings jumped after a U.S. based activist investor takes a stake in the retailer. Shin-Etsu reported domestic silicone capacity expansion plan.
- Marcus Jacob
- 27 Oct, 2015
- New York City
Australian market indexes closed down in thin trading and energy and resource stocks led the decliners. Harvey Norman said quarterly sales increased 6.1%. Beach Energy said quarterly sales declined 15%.
- Mukesh Buch
- 27 Oct, 2015
- New York City
Maruti Suzuki, the largest automaker said quarterly profit soared 42% on 13% increases in revenues. Alembic profit jumped but Lupin profit declined. Axis Bank and State Bank of Mysore profit surged. Blue Star net swung to a loss.
- Nigel Thomas
- 27 Oct, 2015
- New York City
BP profit tumbled and plans for lager cost cuttings through 2017. BASF profit surged 19% but revenues declined 5%. Novartis profit plunged 42% on 6% drop in revenues. Aixtron net loss narrowed. Air Liquide revenues in third-quarter soared 8%.
- Nichole Harper
- 26 Oct, 2015
- New York City
Market indexes were in consolidation after the S&P 500 index rose 7.9% in the month so far. Weak third-quarter trading was largely overcome in the last three weeks as tech and large caps lead the gainers.
- Mukesh Buch
- 26 Oct, 2015
- New York City
Bharti Airtel, the largest wireless carrier said quarterly profit rose 10%. Asian Paints net advanced 12%. Godrej Consumer net soared 22%. HDFC net jumped 18% on 12% increase in revenues. L&T Finance net surged 19%. Rallis India net declined 22%.
- Hiruki Nakamura
- 26 Oct, 2015
- New York City
Nikkei average in Tokyo closed at a 2-month high after China lowered its rate in a surprise move and ECB offered to do more to support lending. The moves by two central banks stoked speculation of additional stimulus steps from the Bank of Japan. Hitachi and Panasonic surged on stronger earnings.
- Marcus Jacob
- 26 Oct, 2015
- New York City
Australian market indexes struggled to hold on to the higher opening and closed down. Bank of Queensland priced its $550 million floating rate loan at 115 basis points premium to 3-month bank bill swap rate. Ten Network Holdings reported annual net loss of $312 million.
- Nigel Thomas
- 26 Oct, 2015
- New York City
Philips net swung to profit on 13% increase in revenues and reaffirmed to spin-off its Lighting unit in the first-half in 2016. Peugeot revenues jumped 3%. Standard Chartered plans to closed equity derivatives and convertible bonds businesses. TNT Express net loss narrowed.
- Mukesh Buch
- 26 Oct, 2015
- New York City
Duke Energy agreed to acquire Piedmont Natural Gas for $4.9 billion. Pep Boys agreed to be acquired by Japan-based Bridgestone. General Atlantic agreed to acquire 21.6% stake in India-based IIFL. Laboratory Corp net soared 11%. Roper profit jumped 3%. Xerox net swung to a loss.
- Nichole Harper
- 23 Oct, 2015
- New York City
Tech stocks powered rally on Wall Street and the market move was amplified after China offered a rate cut ahead of a meeting of senior leaders in Beijing. Amazon, Alphabet, Microsoft and American Airlines reported better-than-expected earnings.