- Hiruki Nakamura
- 04 Jun, 2015
- New York City
Nikkei average in Tokyo rebounded after two days of losses and traders were cautious. Online retailer Rakuten announced a stock offering of $1.6 billion to repay debt. In addition, Softbank said it plans to invest $1 billion in South Korea based online retailer Coupang.
- Marcus Jacob
- 04 Jun, 2015
- New York City
Australian trade deficit tripled after coal and iron ore shipments lagged on inclement weather conditions in April. In the month, exports declined 6% and imports rose 4%. In addition, retail sales stalled in the month.
- Mukesh Buch
- 04 Jun, 2015
- New York City
Bharti plans to raise up to $1 billion through a global bond offering. The Reserve Bank of India lifted foreign investor limit to 40% in Adani Ports. Eicher Motors said Sweden-based Volvo AB plans to sell its 3.7% stake.
- Nichole Harper
- 03 Jun, 2015
- New York City
Stocks on Wall Street jumped but struggled to hold advances after the U.S. trade deficit in April shrank. ECB reaffirmed its commitment to complete the unprecedented bond purchase program and said economy in the euro zone is healing.
- Hiruki Nakamura
- 03 Jun, 2015
- New York City
Nikkei in Tokyo edged lower for the second day in a row and the yen traded above the 12-year low as investors booked profits. Traders and investors are looking for more corporations to increase profit sharing and higher dividend pay outs.
- Mukesh Buch
- 03 Jun, 2015
- New York City
Ambarella net climbed more than two-fold. Brown-Forman profit jumped 6% to $140 million. G-III Apparel net soared more than four-fold after sales soared 18%. Guess net swung to profit but revenues declined 8%. NCI Building net loss widened. Vera Bradley net swung to a loss.]
- Marcus Jacob
- 03 Jun, 2015
- New York City
Australian dollar gained after economy expanded at faster-than-expected rate in the first-quarter. Domestic consumption led the economic expansion however business investment remained weak.
- Nigel Thomas
- 03 Jun, 2015
- New York City
ECB reassured its commitment to bond purchase program and said outlook is unchanged from March and admonished markets to get used to higher volatility. Accor plans to invest
- Mukesh Buch
- 03 Jun, 2015
- New York City
Market indexes extended losses in Mumbai and rupee weakened after the Reserve Bank of India turned cautious and on delayed monsoon season. Apollo Hospitals acquired majority stake in Assam Hospitals. L&T received an order from Indian Navy to build a floating dock.
- Nichole Harper
- 02 Jun, 2015
- New York City
Market indexes on Wall Street gyrated and the euro advanced against the dollar and investors awaited outcome of the protracted Greek negotiations. Auto industry sales increased in May was led by Chrysler with 4% increase followed by 3% sales gain at GM.
- Hiruki Nakamura
- 02 Jun, 2015
- New York City
Nikkei in Tokyo halted a 12-day rally and yen traded sideways following mixed closings in New York and in Europe. Japan Tobacco
- Nigel Thomas
- 02 Jun, 2015
- New York City
British American Tobacco
- Mukesh Buch
- 02 Jun, 2015
- New York City
Conn''''s net tumbled 45%. Cracker Barrel profit surged 23%. Dollar General net soared 14%. Delta Air Lines May traffic jumped 3%. Ford May sales slid 1% but Fiat Chrysler sales climbed 4% while GM sales rose 3%. Medtronic net swung to a loss. PVH net surged more than two-fold.
- Mukesh Buch
- 02 Jun, 2015
- New York City
Sensex in Mumbai plunged more than 2% after Reserve Bank of India cited rising inflation risks and suggested that the latest rate cut may not be followed with additional cuts. Hero MotoCorp, Bajaj Auto and M&M sales decline. Tata Motors total sales jumped 5%.
- Nichole Harper
- 01 Jun, 2015
- New York City
Market indexes reversed early decline on Merger Monday. Intel finalized its deal to acquire Altera for $17 billion in an all cash transaction. U.S. consumers in April used savings from cheaper gas prices to pay down debt and not increase spending.