- Marcus Jacob
- 28 May, 2015
- New York City
Market averages in Sydney turned lower after capital expenditure in the first-quarter declined 4.4%. Australian dollar edged lower. Mirvac Group said it plans to sell assets and raise as much as $450 million.
- Mukesh Buch
- 28 May, 2015
- New York City
Godrej said quarterly profit jumped 22%. BPCL net declined 30%. AstraZeneca India surged 16% on 31% increase in revenues and quarterly net swung to profit. Bata India quarterly net soared 48%. Hindalco profit plunged 36% but revenues jumped 11%.
- Nichole Harper
- 27 May, 2015
- New York City
Market indexes on Wall Street jumped on a rebound in tech stocks and the two familiar news topics resurfaced. Investors played a guessing game on the next rate move by the Fed and the EU officials denied reports that lenders are working with Greece in finalizing a loan agreement.
- Hiruki Nakamura
- 27 May, 2015
- New York City
Nikkei average gained for the ninth day in a row and extended rally to a 4.5% advance. The yen dropped to a low not seen since July 2007. Mitsubishi Gas said it plans to spend 9 billion yen to buy back its stock. Seibu Holdings estimated fiscal year profit to jump 10%.
- Mukesh Buch
- 27 May, 2015
- New York City
Brown Shoe net soared 25%. Chico''''s net jumped 5%. DSW profit surged 23%. Hormel Foods agreed to acquire Applegate Farms for $775 million. Movado net tumbled 51%. Michael Kors profit soared 13%. Reynolds American won the U.S. antitrust approval to merge with the rival Lorillard.
- Marcus Jacob
- 27 May, 2015
- New York City
Australian market indexes closed down in moderate trading and the Aussie dollar held firm. Construction spending declined on a seasonally adjusted basis but residential construction soared in the quarter.
- Nigel Thomas
- 27 May, 2015
- New York City
IAG intends to acquire smaller rival airline Aer Lingus for
- Mukesh Buch
- 27 May, 2015
- New York City
RPower said net in the quarter rose 3%. GAIL net tumbled 48%. BHEL net surged more than three-fold and revenues soared doubled. IDBI Bank net advanced 5% on 19% increase in revenues. Tech Mahindra net and revenues declined. United Spirits net loss narrowed.
- Nichole Harper
- 26 May, 2015
- New York City
In an expensive deal, Charter Communications agreed to acquire Time Warner Cable Inc for $78.7 billion including debt. The deal is expected to vault Charter to the second largest spot in the industry but the cable company faces several hurdles on cost and restive customer base.
- Mukesh Buch
- 26 May, 2015
- New York City
Charter Communications agreed to acquire Time Warner Cable Inc for $55.1 billion and assume debt. EMC agreed to acquire privately-held Virtustream for $1.2 billion. AutoZone net jumped 8%. Nevada Gold agreed to buy Club Fortune Casino.
- Nigel Thomas
- 26 May, 2015
- New York City
Ryanair net profit in the year surged 66% to
- Hiruki Nakamura
- 26 May, 2015
- New York City
Nikkei average extended rally to the eighth day in a row and the benchmark index jumped 4.4% in the longest rally since August. Monex Group said annual operating revenues declined 7%. Kyushu Electric Power jumped 4% after the electric utility said it plans to restart is nuclear reactor in late July.
- Marcus Jacob
- 26 May, 2015
- New York City
Australian market indexes closed higher on a slight rebound in iron ore price. Banks and resource stocks were in focus. AGL Energy said it plans to sell $1 billion in assets and cut costs in a restructuring move. Ozforex plunged 10% despite reporting 52% jump in earnings.
- Mukesh Buch
- 26 May, 2015
- New York City
Rupee dropped to a new low in the year so far as oil price continues to hover near the high in 2015. Domestic earnings lifted market mood for selective companies. Tata Motors said net in the fourth-quarter rose 6%. Essar Oil net plunged 46%. Future Retail net and revenues surged.
- Nichole Harper
- 25 May, 2015
- New York City
In quiet trading in Europe and in Asia, indexes generally traded lower as the U.S. and U.K. markets were closed. Euro was in focus after Greek default worries resurfaced and indexes in Spain dropped more than 2%.