- Nichole Harper
- 04 Aug, 2015
- New York City
Market indexes on Wall Street lacked direction and manufacturing orders rebounded in June on strong demand for transportation equipment including aircrafts. Shire offered $33 billion to acquire the recent Baxter spin-off Baxalta.
- Hiruki Nakamura
- 04 Aug, 2015
- New York City
Earnings season in Japan picked up momentum as trading companies reported shrinking revenues and rising profits. Yen held firm as monetary base in July jumped 32.8% from a year ago. Current account surplus surged nearly 50%.
- Marcus Jacob
- 04 Aug, 2015
- New York City
Reserve Bank of Australia left rates on hold at 2% and trade deficit widened in June. Australian retail sales increase in June accelerated from May. Suncorp Group declared a special dividend despite $1 billion natural hazard claims payments.
- Mukesh Buch
- 04 Aug, 2015
- New York City
3M acquired Capital Safety from KKR for $2.5 billion. AIG net tumbled 42%. Archer Daniels profit declined 28% on 20% drop in revenues. CVS Health rose 2%. HCP net plummeted 25%. Health Net net plunged 52%. Kellogg profit declined 24%. Parker-Hannifin net tumbled 40%.
- Nigel Thomas
- 04 Aug, 2015
- New York City
Shire made a hostile offer to acquire Baxalta for $33.9 billion. AXA profit jumped 2% to
- Mukesh Buch
- 04 Aug, 2015
- New York City
The Reserve Bank of India keeps repo rate unchanged at 7.25%. Hero MotoCorp quarterly profit soared 33%. Britannia net surged 67% on 13% increase in revenues. RCap plans to sell its multiplexes business to Carnival Cinemas.
- Nichole Harper
- 03 Aug, 2015
- New York City
S&P 500 and Nasdaq indexes declined more than 0.5% on Wall Street after consumer spending growth slowed despite healthy increase in income in June. Auto makers reported stronger-than-expected sales in July. Benchmark index in Greece plunged 16%.
- Hiruki Nakamura
- 03 Aug, 2015
- New York City
Nikkei average and the yen eased and investors focused on latest earnings reports. Fuji Heavy Industries first-quarter sales surged 29% and Suzuki Motor lifted its annual sales and earnings outlook. Japan Tobacco said first-half sales were flat and net declined.
- Mukesh Buch
- 03 Aug, 2015
- New York City
Clorox net soared 12%. CDW profit surged 25%. Ford, Fiat Chrysler, GM sales in July climbed. Loews profit climbed 47% but revenues dropped 4%. Mercury General net tumbled 90% on 10% decline in revenues. Tyson Foods net surged 32%.
- Marcus Jacob
- 03 Aug, 2015
- New York City
Australian market indexes closed down and home prices rose 2.8% in July according to a private survey. CSL agreed to acquire influenza business of Novartis AG for US$275 million.
- Nigel Thomas
- 03 Aug, 2015
- New York City
Commerzbank profit more than doubled. Exor agreed to acquire PartnerRe for about $6.9 billion. Heineken profit soared 81% to
- Mukesh Buch
- 03 Aug, 2015
- New York City
Maruti Suzuki, the largest automaker in India, said unit auto sales climbed 21% in July. Hero, the maker of two-wheeler, said sales slipped 8% on weaker demand in rural areas. Bajaj sales rose 3%. M&M sales slipped 11%. L&T quarterly profit plunged 37%. HCL net increased 6%.
- Nichole Harper
- 31 Jul, 2015
- New York City
Market indexes on Wall Street turned lower and commodities declined after crude oil price declined to a new low and extended losses deeper. Euro zone inflation was stable at 0.2% and jobless rate at 11%.
- Marcus Jacob
- 31 Jul, 2015
- New York City
Australian market indexes extended weekly gains and wholesale inflation in second quarter slowed on weaker energy prices. ResMed said fourth quarter sales increased 8%. Monadelphous won four contracts worth $130 million.
- Hiruki Nakamura
- 31 Jul, 2015
- New York City
Inflation in Japan increased 0.4% in June from a year ago month and was unchanged at 0.1% from the previous month. With the latest decline in energy prices, inflation has been below the Bank of Japan