- Marcus Jacob
- 29 Sep, 2015
- New York City
Australian market indexes plunged 4% and dropped to a two-year low in active trading after an analyst report cited dire outlokk for shareholders. Arrium agreed to develop a port facility at the third largest city in South Australia.
- Mukesh Buch
- 29 Sep, 2015
- New York City
Yahoo! plans to spin off about $22 billion in Alibaba shares that may not be a tax-free deal to shareholders. Ferrellgas Partners net loss widened after revenues declined. IHS profit soared. Reynolds American sells its certain brands to Japan Tobacco for $5 billion.
- Mukesh Buch
- 29 Sep, 2015
- New York City
The Reserve Bank of India lowered its reference rate as anticipated but consumer price inflation in India remains elevated despite the deepening wholesale price deflation. Shree Renuka said its Brazilian unit acquired five years ago in debt-financed deals filed for bankruptcy protection.
- Mukesh Buch
- 28 Sep, 2015
- New York City
Stocks in Mumbai were on the defensive ahead of the economic policy meeting tomorrow. Central and state government agencies award more highway construction contracts. Petronet LNG prepares for $160 million bond offering. Fertilizer stocks soar.
- Nigel Thomas
- 25 Sep, 2015
- New York City
European antitrust regulators are expected to decide on the merger between two data center operators TeleCity and Equinix for
- Mukesh Buch
- 28 Sep, 2015
- New York City
Alcoa will split into two publicly traded companies. Apple sold more than 13 million iPhone 6 versions in three days of launch. Cypress Semiconductor plans to acquire Atmel for $4.6 billion. Comcast will acquire 51% stake in Universal Studios Japan theme park.
- Nigel Thomas
- 28 Sep, 2015
- New York City
Anheuser Busch intends to offer $106 billion to the U.K.-based rival SABMiller. BASF launched new cost-cutting program. UniCredit agreed to divest its non-performing loans business for about
- Hiruki Nakamura
- 28 Sep, 2015
- New York City
Nikkei average in Tokyo dropped 1.3% and the yen traded above 120-mark against the U.S. dollar. Suzuki Motor agreed to sell its 1.5% stake in Volkswagen AG to Porsche Automobil SE. Asahi Co soared 7% after profit jumped 22% in the first-half.
- Nichole Harper
- 28 Sep, 2015
- New York City
Indexes on Wall Street plunged as much as nearly 3% after rattled investors took the latest decline in profit at Chinese industrial companies an opportunity to sell stocks. U.S. pending home sales index declined 1.4% in August. Healthcare stocks lead the decliners as politician toughen rhetoric.
- Marcus Jacob
- 28 Sep, 2015
- New York City
In thin trading, Australian market indexes closed higher despite the weakness in iron ore spot market. Banks led the rally in the benchmark index. Metcash was in focus on the expectation of a turnaround plan tomorrow.
- Nigel Thomas
- 29 Sep, 2015
- New York City
Axel Springer agreed to acquire 88% stake in the U.S.-based online financial news aggregator Business Insider. Alma Media issue tender offer for Talentum. Metso forecasted net sales for the year up to
- Mukesh Buch
- 25 Sep, 2015
- New York City
BlackBerry net swung to profit but revenues tumbled. Bed Bath & Beyond lowered earnings outlook. Cintas profit slumped 9% while revenues soared 9%. Finish Line net fell. Jabil Circuit revenues jumped 15%. Nike profit surged 23%.
- Hiruki Nakamura
- 25 Sep, 2015
- New York City
Market averages in Tokyo closed jumped nearly 2% and Nikkei Average trimmed weekly losses to 2.1%. World financial markets remained trapped in a vicious downward spiral as the U.S. Fed keeps rate low while inflation forces in the housing and other assets become more entrenched.
- Marcus Jacob
- 25 Sep, 2015
- New York City
Australian markets extended weekly loss on Friday and resource stocks took another beating. Skilled Group shareholders approved merger with PMS Ltd. Myer, the department store retailer shot up 9% after broker comments.
- Nichole Harper
- 24 Sep, 2015
- New York City
U.S. stocks stayed in the negative territory and investors struggled to find a path from the uncertainty related to ongoing U.S. monetary policy and global economic slowdown. Caterpillar set the tone after announcing a large job cut and lowered sales outlook.