- Nigel Thomas
- 02 Sep, 2015
- New York City
Ashtead profit surged 36% on 26% increase in revenues. Halfords plunged after comparable bicycles and accessories sales declined 11%. Ryanair said passenger count in August surged 10%. Vivendi increased stake in Dailymotion to 90%.
- Mukesh Buch
- 02 Sep, 2015
- New York City
Indexes in India declined and vehicle makers reported mixed sales.
Hero MotoCorp, the largest two-wheeler maker said sales in August declined 14% but Bajaj sales rose 2%. Third largest scooter maker TVS Motor said sales edged up 0.7%. Largest truck maker Tata Motor said domestic sales fell 3%.
- Marcus Jacob
- 02 Sep, 2015
- New York City
Australian economic growth slowed more than anticipated. GDP rose barely in the second quarter from the first after prices of oil, iron ore and other commodities dipped to new lows. Economy may have entered negative zone in the current quarter.
- Hiruki Nakamura
- 02 Sep, 2015
- New York City
Volatile Nikkei average closed down after Chinese stocks fell again in a chaotic session. Nikkei lacked direction and the average jumped up and down in most of the session but drifted near six-month low. Daio Paper plunged 18% after the company announced $250 million euro-yen bond offering.
- Nichole Harper
- 01 Sep, 2015
- New York City
Global markets selloff began in Asia and quickly traveled to Europe and New York with major market indexes falling between 2% and 4%. S&P 500, Tollbooth and Dow reentered corrective phase as indexes resume downward spiral in September.
- Mukesh Buch
- 01 Sep, 2015
- New York City
Dollar Tree net swung to a loss. Donaldson net plunged 23%. Ford sales in August soared 5.4%. Chrysler Sales in August increased 2%. GM sales in the U.S. fell 0.7%. Nissan sales decreased 0.8%. SAIC profit tumbled 35%.
- Hiruki Nakamura
- 01 Sep, 2015
- New York City
Nikkei average in Tokyo plunged nearly 4% after corporate capital spending growth declined in June quarter and investors worried that the current quarter data may show additional weakness. Toshiba Corp plunged 5% after the conglomerate delayed releasing financial statements again.
- Marcus Jacob
- 01 Sep, 2015
- New York City
Australian markets plunged after the official manufacturing index in China dropped to a three-year low in August. Reserve Bank of Australian held its reference rate and cited slowing down Chinese economy. Myer Holdings plans to raise $211 million in a rights offering.
- Mukesh Buch
- 01 Sep, 2015
- New York City
Sensex in Mumbai dropped 2% on weakness in China and European markets. Maruti Suzuki said August total sales increased 6% but Mahindra & Mahindra total sales declined 22%. Sun Pharma acquired opiates business in Australia from Glaxo. Petronet is looking to raise $155 million through a bond offering.
- Nigel Thomas
- 01 Sep, 2015
- New York City
Whirlpool offered to buy Rangemaster for
- Nichole Harper
- 31 Aug, 2015
- New York City
U.S. rate jitters dominated market sentiment in New York and in Europe. Crude oil halted the largest two-day advance and volatile Chinese stocks dropped as much as 4% before closing up. India stepped up investment in energy production with agreements in Mozambique and Iran.
- Mukesh Buch
- 31 Aug, 2015
- New York City
Bristol-Myers plans to acquire worldwide right for fibrosis drug from Promedior for $1.3 billion. Exelon reaffirmed to acquire Pepco Holdings. HealthSouth plans to acquire CareSouth Health for $170 million. Quanex Building Products agreed to acquire Woodcraft for $248.5 million.
- Hiruki Nakamura
- 31 Aug, 2015
- New York City
Nikkei average in Tokyo closed down following weak economic data. Industrial production in July declined unexpectedly by 0.6% and housing starts in the month plunged 7.4%. Auto production in the month decreased 5.9%.
- Nigel Thomas
- 31 Aug, 2015
- New York City
Volkswagen was ordered by international arbitration tribunal to sell its 19.9% stake in Suzuki Motor. Maersk received approval to develop the Culzean gas field in the North Sea, U.K. Bertelsmann profit surged 55%.
- Marcus Jacob
- 31 Aug, 2015
- New York City
Australian market indexes dropped more than 1% and investors focused on the possibility of the first U.S. rate hike in more than a decade as early as next months. Australian corporate gross profits declined 1.9% in the June quarter. Infigen Energy, wind farm operator, reported widening loss.