- Mukesh Buch
- 21 Sep, 2015
- New York City
Apple hopes the latest worldwide launch of smart phones may accelerate earnings growth in the last quarter. American Express reaffirmed earnings outlook for two fiscal years. Lennar profit and revenues surged. Steel Dynamics lowered earnings per share forecast.
- Nigel Thomas
- 21 Sep, 2015
- New York City
Volkswagen faces as much as 18 billion in fines for falsifying emission data for diesel-powered passenger cars. Deutsche Wohnen agreed to acquire LEG Immobilien. Dialog Semiconductor agreed to acquire the U.S.-based Atmel. Zurich Insurance terminated merger talks with RSA.
- Marcus Jacob
- 21 Sep, 2015
- New York City
Market sentiment was negative in Australian trading after indexes in New York dropped at the close of Friday. Resource and banking stocks led the decliners in Sydney trading. Lynas Corp said fiscal year loss narrowed.
- Mukesh Buch
- 21 Sep, 2015
- New York City
NBCC secured a contract to build a local trade and craft center in Varanasi. L&T expanded its order backlog with new orders this month. Hotel Leelaventure agreed to sell its marquee hotel in Goa for $111 million to a Malaysia-based firm.
- Nichole Harper
- 18 Sep, 2015
- New York City
Stock indexes and bond yields declined after the latest Fed inaction failed to remove a layer of uncertainty. Fed worried that the slowdown in China and emerging markets and volatile financial markets may affect domestic economy but showed willingness to a modest tightening before the year-end.
- Mukesh Buch
- 18 Sep, 2015
- New York City
Sensex rebounds and looks beyond hoopla surrounding Fed induced uncertainty. Power Grid Corp received approval from shareholder to raise up to $2 billion. Ultratech Cement received an approval from the Environment Ministry to expand production capacity in Maharasthra.
- Hiruki Nakamura
- 18 Sep, 2015
- New York City
Stocks in Tokyo fell sharply after the U.S. Fed held rates as expected but failed to remove a layer of uncertainty and held out for a possible rate hike at one of the two scheduled meeting in the rest of the year.
- Mukesh Buch
- 18 Sep, 2015
- New York City
Equifax offered to buy Australia-based Veda Group. McKesson agreed to acquire Ireland-based UDG Healthcare. Antero Midstream agreed to acquire fresh water business of Antero Resources. Adobe net surged. La Quinta replaced its chief executive officer and announced $100 million stocks repurchase plan.
- Marcus Jacob
- 18 Sep, 2015
- New York City
Australian and Asian investors looked beyond the latest U.S. Fed action. World markets are expected to me remained volatile as speculation intensifies about the possible rate hike at the next Fed meeting in October.
- Nigel Thomas
- 18 Sep, 2015
- New York City
Deutsche Bank plans to close its corporate banking and security operations in Russia. India Capital Growth Fund profit in the first-half tumbled. Worldpay plans to launch initial public offering to raise
- Nichole Harper
- 17 Sep, 2015
- New York City
U.S. market indexes shot up while after the Fed policy makers overwhelmingly voted to not hike rates. However, Fed held out for a rate hike before the year-end. Volatile crude oil traded near $47 a barrel in New York. European markets lacked conviction.
- Mukesh Buch
- 17 Sep, 2015
- New York City
Amgen agreed to acquire Netherlands-based Dezima for $1.5 billion. Apogee net plunged 12%. Clarcor net tumbled 13% on 11%. Marcus revenues and profit surged. Oracle net declined 20% and revenues fell 2%. Rite Aid net tumbled 83%.
- Nigel Thomas
- 17 Sep, 2015
- New York City
France-based Altice agreed to acquire the U.S.-based Cablevision for $17.7 billion to become the fifth largest cable company in a fast consolidating U.S. market. Premier Farnell net plunged 15% while revenues jumped 4%. Rotork declined on weak fiscal revenues outlook.
- Marcus Jacob
- 17 Sep, 2015
- New York City
Australian market indexes traded higher and the Aussie dollar jumped above 72 U.S. cents. Finbar Group sold $61 million worth of apartment in Perth ahead of launch of construction in early 2016, highlighting continued strength in demand for housing.
- Hiruki Nakamura
- 17 Sep, 2015
- New York City
Nikkei average extended gains for the third day in a row and foreign investors remained net seller last week. Trade deficit narrowed in August from a year ago month on the plunging oil price and steady growth in exports to the U.S.