- Marcus Jacob
- 24 Sep, 2015
- New York City
Australian market indexes closed higher and defied the weak international market environment. The Aussie dollar closed below psychologically important 70 U.S. cents level. Fonterra reported a sharp in cost largely on aggressive cost cutting.
- Hiruki Nakamura
- 24 Sep, 2015
- New York City
Nikkei average plunged 2.8% after Japanese markets reopened after a 3-day holiday. Weakness in New York and Shanghai were compounded by weakening growth profile in manufacturing sector and falling yen. Auto and diesel filter makers led the decliners.
- Mukesh Buch
- 24 Sep, 2015
- New York City
Road builders were in focus in Mumbai after the government agency awarded more contracts. Hindustan Construction Co. received contract from National Highways Authority of India for $300 million. Larsen & Toubro plans to sell asset.
- Mukesh Buch
- 24 Sep, 2015
- New York City
Accenture net jumped and lifted revenues growth forecast. Caterpillar lowered revenue forecast. KB Home net declined 18% while revenues soared 43%. Korn-Ferry agreed to acquire Hay Group for $452 million. Scholastic net loss widened. Steelcase profit soared 22%. Worthington net tumbled 29%
- Nigel Thomas
- 24 Sep, 2015
- New York City
Hennes & Mauritz profit edged up but revenues soared 19%. Ryanair plans to return the
- Nichole Harper
- 23 Sep, 2015
- New York City
Stocks in New York and Europe lacked direction and commodities bounced around with a downward drift as investors start looking ahead to earnings. German stock index plunged 3% as Volkswagen Scandal widened and CEO resigned.
- Mukesh Buch
- 23 Sep, 2015
- New York City
Boeing received an order for 300 jets aircraft from three Chinese firms and military contract from India. Biomed Realty Trust is in talks to go private. Copart profit soared 12%. Citrix Systems is negotiating to go private led by Elliott Management buyout.
- Mukesh Buch
- 23 Sep, 2015
- New York City
Sensex in Mumbai jumped 0.7% despite the persistent selling of stocks in emerging markets by foreign investors. Pfizer plans to sell its plant in Thane, Maharashtra to Gujarat-based Vidhi Research and Development for ₹178 crore. Pidilite plans to expand its business in the Asian and African Markets.
- Nigel Thomas
- 23 Sep, 2015
- New York City
Axel Springer plans to buy online publication Business Insider for $500 million. BBA Aviation agreed to buy Landmark Aviation for $2.07 billion. Smiths Group profit soared 6% to
- Marcus Jacob
- 23 Sep, 2015
- New York City
Australian market indexes plunged more than 2% led by another sharp fall in resource sector after the Chinese manufacturing sector growth contracted at the fastest pace since the depth of financial crisis in 2008. Nufarm gained after the agro-chemicals maker reported net annual income increased 15%.
- Nichole Harper
- 22 Sep, 2015
- New York City
Market indexes across Atlantic dropped more than 1% on the potential that the Fed may push rate hike until next year. Dollar traded at a 2-week high. Commodities extended monthly loss with copper and other base metal reaching monthly lows.
- Mukesh Buch
- 22 Sep, 2015
- New York City
AutoZone revenues and profit jumped. Carnival net and sales fell but lifted fiscal earnings outlook. ConAgra net swung to a loss. CarMax net surged 12%. Darden Restaurants lifted fiscal earnings outlook. General Mills net surged 24%. Red Hat profit jumped 9%.
- Mukesh Buch
- 22 Sep, 2015
- New York City
Market indexes in Mumbai dropped more than 2% following another day of sell off in emerging markets. Foreign investors sell off continues in the second week totalling $3 billion. Hindalco plans to sell its copper mine in Australia.
- Nichole Harper
- 21 Sep, 2015
- New York City
Stocks on Wall Street lacked direction and worried investors focused on the global economic slowdown after the Fed relegated rate hike later in the year, if at all. European markets brace for more volatile times after the reelection of Syriza party led government in Greece.