- Sarla Buch
- 22 Dec, 2015
- New York City
Sensex in Mumbai turned lower but rupee strengthened for the sixth day in a row. State Bank of India is looking to raise as much as $2 billion through a bond offering. Kotak Mahindra Bank acquired 1.37% stake in Godrej Properties.
- Nichole Harper
- 21 Dec, 2015
- New York City
Stocks on Wall Street lacked conviction and broader market indexes are still in the negative territory in the year so far. Uncertainties linked to the U.S. rates and falling energy prices are the latest worries sapping the market momentum in addition to the slowing growth in China.
- Mukesh Buch
- 21 Dec, 2015
- New York City
Carnival net swung to profit. Icahn Enterprises lifted its offer for The Pep Boy to $16.50 a share. Ingersoll-Rand intends to sell its remaining stake in Hussmann for $400 million. Staples fail to win antitrust approval for Office Depot.
- Lucy Stoeva
- 21 Dec, 2015
- New York City
European markets advanced and Brent oil dropped to an 11-year low. Markets were under pressure after ruling party failed to garner election win as expected. TeliaSonera agreed to sell its 60.4% stake in the Nepal-based Ncell to Axiata for $1.03 billion.
- Sarla Buch
- 21 Dec, 2015
- New York City
Sensex in Mumbai closed higher on a rebound in financial and infrastructure stocks. IDBI Bank plans to sell its 20% stake in life insurance joint venture with Federated Bank and Belgium-based Ageas. Jubilant Life Sciences won an approval to sell more stake to foreign investors.
- Marcus Jacob
- 21 Dec, 2015
- New York City
ASX 200 closed little changed after gains in mining and finance offset losses in healthcare. Telstra moved closer to signing a $1.5 billion deal with NBN. James Packer of Crown Resorts resigned. Westfield completed the sale of five shopping malls for about $1.1 billion.
- Hiruki Nakamura
- 21 Dec, 2015
- New York City
The Nikkei 225 average extended Friday losses after oil prices continued to dip and Toshiba sharply escalated its estimate of fiscal year losses. Domestic supermarket sales in November declined 1%. Osaka Gas plans to withdraw from its thermal power project with Marubeni Corp.
- Nichole Harper
- 18 Dec, 2015
- New York City
S&P 500 index declined nearly 1% and for the week trimmed gains to 0.5% and extended 2015 loss to 1.8%. The widely followed index was down on the ongoing weakness in energy and industrial sectors.
- Mukesh Buch
- 18 Dec, 2015
- New York City
Bristol-Myers agreed to sell its investigational HIV medicines for $1.5 billion to GlaxoSmithKline unit. AAR net tumbled 47%. BlackBerry net swung to a loss. CarMax profit fell 4%. Darden Restaurants net swung to profit. Lennar net soared 15%. Red Hat net slid 2%.
- Lucy Stoeva
- 18 Dec, 2015
- New York City
European markets retreated on Friday after strong gains earlier in the week. GlaxoSmithKline agreed to acquire H.I.V. treatments drugs from Bristol-Myers Squibb for $1.5 billion. Intertek Group acquires FIT Italia.
- Marcus Jacob
- 18 Dec, 2015
- New York City
ASX 200 was little changed on Friday but closed 1.4% higher for the week. A2 Milk surged 29% after the infant dairy powder maker lifted revenues and operating profit forecast. Investa Office and Dexus Property Group merger will create the largest office trust in Australia.
- Hiruki Nakamura
- 18 Dec, 2015
- New York City
The Nikkei 225 average declined 1.9% today and fell 1.3% in the week. The Bank of Japan kept its monetary stimulus unchanged and proposed a new ETF purchase program. Kumiai Chemical net soared 115%. Oracle Corporation Japan profit rose 3%.
- Sarla Buch
- 18 Dec, 2015
- New York City
Sensex in Mumbai halted 4-day rally and pared weekly gains to 1.6%. Germany-based ERGO Insurance Group plans to increase its stake in insurance joint venture with HDFC to just below 49%.
- Lucy Stoeva
- 17 Dec, 2015
- New York City
European markets surged after the Fed lifted rates and signaled improving economy. U.K. retail sales were ahead of expectations and construction activities in the euro zone also rose. AstraZeneca agreed to acquire Acerta Pharma for
- Nichole Harper
- 17 Dec, 2015
- New York City
A day after rate hike, stocks on Wall Street traded lower and investors shifted focus to latest weekly jobless claims. Unemployment claims declined 11,000 in the previous week. FedEx and Oracle diverged on earnings. European markets jumped on widening economic activities.