- Mukesh Buch
- 15 Jan, 2016
- New York City
BlackRock profit jumped 6%. Citigroup net surged after loan losses slumped and operating expenses declined. GE plans to sell its appliance business to China-based Haier for $5.4 billion. Fastenal net declined 6%. Wells Fargo net in the quarter was flat at $5.7 billion.
- Lucy Stoeva
- 15 Jan, 2016
- New York City
European stock markets extended losses as oil prices tanked below $30 a barrel and the outlook on China remained pessimistic. BHP Billiton wrote down $7.2 billion in U.S. shale assets. Renault confirmed French investigation for emissions fraud. H&M posted better-than-expected December sales.
- Nichole Harper
- 15 Jan, 2016
- New York City
Market indexes on Wall Street accelerated declne after another day of sell-off in China spread to Asia and Europe. Indexes in China dipped into bear zone and European markets declined more than 1% and crude oil dipped to a new low in the year and retail sales dipped 0.1% in December.
- Sarla Buch
- 15 Jan, 2016
- New York City
Stocks in Mumbai traded lower and extended weekly and year loss after weak profit from Hindustan Lever added to global market jitters. Emerging markets and commodities continued to struggle on the growing worries that China may let yuan drift lower by another 10% to sustain exports.
- Sarla Buch
- 14 Jan, 2016
- New York City
Market indexes on Dalal Street extended weekly losses and the rupee dropped to a new record low despite the crude oil price falling to 12-year low. Infosys said quarterly profit rose 7%. Everest Industries net more than doubled. Cyient net declined 12%.
- Mukesh Buch
- 14 Jan, 2016
- New York City
JPMorgan Chase net soared 10% as non-interest expense fell 7%. Best Buy plunged 8% after the retailer lowered revenues outlook. GoPro tumbled on lower than anticipated sales. AEP Ind net swung to profit. Clarcor net tumbled 24%. HB Fuller net more than doubled.
- Lucy Stoeva
- 14 Jan, 2016
- New York City
European markets plunged on weakness in auto makers, oil price jitters, and volatile Shanghai market. Renault is allegedly investigated for emission-related fraud. The Bank of England kept its interest rates at 0.5%. The German economy expanded at the fastest pace in five years.
- Hiruki Nakamura
- 14 Jan, 2016
- New York City
Nikkei in Tokyo dropped 2.7% as markets in Asia extended losses. Investors turned cautious on the worries that the global economic growth may slow down on the persistent decline in energy prices and deepening deflation in China.
- Hiruki Nakamura
- 13 Jan, 2016
- New York City
Nikkei average in Tokyo soared 2.9% after China reported smaller-than-expected decline in exports in December. The Bank of Japan said M2 and M3 money stock increased in December.
- Lucy Stoeva
- 13 Jan, 2016
- New York City
European sentiment rebounded and investor sought comfort in the latest international trade data from China. Barratt said home completion in six months to December increased 9.4%. U.K. retailer Dunelm blamed the mild winter for the 0.8% drop in sales. Sodexo kept its forecast for 3% revenue growth in 2016.
- Mukesh Buch
- 13 Jan, 2016
- New York City
CSX said net and revenues declined. GM lifted earnings forecast and raised dividend by 6% and approved share buyback of $4 billion. Intuitive Surgical forecasted revenues to soar 12%. Progress Software net swung to a loss. Supervalu profit plunged 57%.
- Sarla Buch
- 13 Jan, 2016
- New York City
Tata Consultancy Services said quarterly profit was flat and revenues rose 0.7%. Bharti Airtel plans to sell its two units in Africa to France-based Orange. Tata Power plans to raise ₹500 crore through a debenture offering.
- Lucy Stoeva
- 12 Jan, 2016
- New York City
European stocks rebounded as domestic companies issued better than expected quarterly updates and markets in China stabilized. In the U.K., retailers Debenhams and Wm. Morrison Supermarkets surged after posting better than expected Christmas sales. SAP
- Hiruki Nakamura
- 12 Jan, 2016
- New York City
Nikkei in Tokyo extended year-to-date losses and the yen advanced after the crude oil prices fell and stocks in Shanghai faced more downward volatility. Current account surplus narrowed in November. Aeon Co plunged nearly 10% after reporting a loss.
- Sarla Buch
- 12 Jan, 2016
- New York City
Sensex in Mumbai extended weekly losses and the rupee drifted near record low. IndusInd Bank surged 30%. L&T extended construction order wins in 2016. NIIT received contract worth