- Marcus Jacob
- 21 Aug, 2015
- New York City
Australian market indexes extended weekly losses on growing China worries and weakening international sentiment. ASX 200 dropped the most in six years as crude oil extended weekly losses in a second sell-off in the calendar year. Santos Ltd said quarterly revenues fell 15% and net plunged 82%.
- Mukesh Buch
- 21 Aug, 2015
- New York City
Deere net plummeted 40% on 20% fall in revenues. Foot Locker net surged 29%. GAP net tumbled 34%. Hibbett Sports profit plunged 17% and the retailer lowered fiscal outlook. In its last result before split, HP said net and revenues declined. Intuit net swung to profit. Salesforce net loss narrowed.
- Mukesh Buch
- 21 Aug, 2015
- New York City
Market indexes on Dalal Street declined and rupee struggled despite the yearlong correction in crude oil price. Central government is planning to sell 10% stake in Coal India. HCL Infosystems reported slightly narrower quarterly loss.
- Hiruki Nakamura
- 21 Aug, 2015
- New York City
Nikkei average in Japan and market indexes in Tokyo dropped following deepening losses in New York and Europe. Commodities also extended losses in the year after crude oil and copper flirted with new six-year lows. Nikkei dropped 2.9% today and plunged 5.3% in the week.
- Nigel Thomas
- 21 Aug, 2015
- New York City
European markets accelerated decline on the growing worries in the euro zone and deepening correction in commodities. Glaxo divest its rights to a drug for auto-immune diseases to Novartis for
- Nichole Harper
- 20 Aug, 2015
- New York City
Fear began to set in global markets with oil flirting with new multi-year lows, deepening slowdown in China and continued uncertainty about the rate hike timing in the U.S. and growing instability in the euro zone. Kazakhstan currency plunged 25% and Vietnam devalued 1%.
- Hiruki Nakamura
- 20 Aug, 2015
- New York City
Stocks in Tokyo declined following another week of volatile trading in Shanghai and weak commodities prices. Real estate information provider Next Co said quarterly revenues rose 58%. Nippon REIT said first-half sales and net rose more than 90%.
- Mukesh Buch
- 20 Aug, 2015
- New York City
Buckle net fell 4%. Bon-Ton net loss widened after sales dropped. Cato net slid. L Brands profit soared 8% and lifted fiscal outlook. Madison Square Garden net surged 294%. Stage Stores profit tumbled 86% and lowered earnings estimate. Sears net swung to profit. Tech Data net soared 94%.
- Nigel Thomas
- 20 Aug, 2015
- New York City
Ahold profit more than doubled. Bank of England fined record
- Mukesh Buch
- 20 Aug, 2015
- New York City
Sensex in Mumbai declined on the persistent weakness in rupee and investors overlooked the new lows in crude oil price. Sun Pharmaceutical and Lupin won U.S. regulatory approvals for new drugs. PVR acquired 70% stake in Zea Maize Pvt Ltd.
- Nichole Harper
- 19 Aug, 2015
- New York City
World financial markets declined after volatile Chinese stocks raised the prospect of larger than expected economic slowdown. Oil and copper traded at new six-year lows. German lawmakers approved third Greek bailout.
- Hiruki Nakamura
- 19 Aug, 2015
- New York City
Nikkei average in Tokyo dropped to a five-month low after another slide in Shanghai stocks and trade deficit widened. Kirin acquired 55% stake in the government controlled brewery in Myanmar. Toshiba Corp soared 8% after forming new board.
- Marcus Jacob
- 19 Aug, 2015
- New York City
Australian stocks rebounded for the second day in a row after bargain hunters searched for values. In active trading, banks led the market index advance. Stockland said housing boom supported earnings rise. Woodside Petroleum slashed its dividend. Arrium swung to a quarterly loss.
- Mukesh Buch
- 19 Aug, 2015
- New York City
Generic drug makers and software services exporters led the gainers in Mumbai trading. DLF plans to sell its land parcel in Kochi. ICICI Bank acquired 9% stake in Karuturi Global. Tata Elxsi profit surged 71% on 28% increase in revenues.
- Mukesh Buch
- 19 Aug, 2015
- New York City
American Eagle net jumped 4% and sales soared. Analog Devices net increased 5%. Eaton Vance revenues and profit fell. Lowe''s revenues and net jumped 4%. Staples profit tumbled 56%. Seagate agreed to acquire Dot Hill. Target profit surged.