- Mukesh Buch
- 26 Aug, 2015
- New York City
Sensex in Mumbai traded down in volatile trading and energy stocks and banks were in focus. Another day of wild swings in Shanghai put Asian markets on alert and casted doubt on Chinese economic strength.
- Hiruki Nakamura
- 26 Aug, 2015
- New York City
Nikkei average rebounded after a week of sustained selling following three four days of selling but volatility in Shanghai continued to drive the stock market trading sentiment around the world. The yen gained but crude oil drifted lower to a new six-year low.
- Nichole Harper
- 25 Aug, 2015
- New York City
Market averages in the United States rebounded after a 3-day sell-off that saw the S&P 500 index correct more than 10%. The sentiment was bolstered after positive data on the housing market and China moved to lower rates and loosen bank reserves. European markets jumped more than 3%.
- Marcus Jacob
- 25 Aug, 2015
- New York City
Australian stocks braved higher despite the continued market sell-off in China and Japan. Resource and banking stocks led the gainers. BHP Billiton said quarterly net tumbled 86% and said oil and copper production to decline 6% in fiscal 2016.
- Hiruki Nakamura
- 25 Aug, 2015
- New York City
Nikkei deepened losses in the second week following large losses in world markets. However, markets in India and Korea rebounded but in Shanghai plunged again. Sony said it will offer commercial drone services from the next fiscal year. Toyota said it will suspend Prius hybrid production in Thailand
- Nigel Thomas
- 25 Aug, 2015
- New York City
Antofagasta profit more than doubled to $705.8 million but revenues plunged 31%. BHP Billiton net tumbled 86% and the miner lowered production outlook. Mitsubishi Electric agreed to acquire a majority stake in DeLClima. ICA Gruppen offered to increase its stake in Hemtex.
- Mukesh Buch
- 25 Aug, 2015
- New York City
Sensex in Mumbai rebounded in lock step with Asian markets bounce after four days of global decline. Adani signed an agreement with Chhattisgarh government to develop projects worth $4 billion. Netherlands-based Heineken NV plans to raises its stake 50% in United Breweries.
- Nichole Harper
- 24 Aug, 2015
- New York City
Global markets extended losses in the second week and oil dropped to a new low in 2015. Volatile markets in New York saw wild price swings and markets indexes pared losses but market turmoil is likely to continue in the week.
- Hiruki Nakamura
- 24 Aug, 2015
- New York City
Nikkei average in Tokyo plunged 4.6% following Asia-wide correction for the second week in a row. The reference index has now fallen more than 10% from the 2015-high. Shanghai index plunged 8.4% and turned negative for the year.
- Marcus Jacob
- 24 Aug, 2015
- New York City
Australian market indexes plunged 4% following a global market sell off. Crude oil fell more than 2% after another day of sharp decline in Shanghai and Hong Kong. Caltex, Fortescue and Lend Lease reported weakening quarterly results. Blue Scope Steel swung to quarterly profit.
- Mukesh Buch
- 24 Aug, 2015
- New York City
Southern Co agreed to acquire AGL Resources for $12 billion. Belk agreed to be acquired by Sycamore Partners for $3 billion. Cobalt Intl agrees to sell its 40% stakes in two offshore oil exploration blocks in Angola to Sonangol for $1.8 billion.
- Nigel Thomas
- 24 Aug, 2015
- New York City
European markets dropped nearly 4% as world markets sell off extended to the second week. Amlin profit dropped 2% and the company denied reports that it is looking to sell its business. Bunzl profit surged 17% to
- Mukesh Buch
- 24 Aug, 2015
- New York City
Stock markets plunged nearly 6%, the biggest falls since January 2009 after a sell-off in Shanghai for the second week extended global market losses of more than 10% from the recent highs. Central government plans to sell 10% stake in India Oil and raise up to $1.5 billion.
- Nichole Harper
- 21 Aug, 2015
- New York City
World markets declined from Shanghai to Mumbai to Frankfurt to New York and several market indexes registered losses of more than 4% in the week. Investors have been selling stocks on the stretched valuation in U.S., lack of visible growth in the euro zone and sharpening slowdown in Asia.