- Marcus Jacob
- 26 Mar, 2015
- New York City
Australian markets plunged following weak closing in New York. Despite the jump in oil prices, resource companies and banks declined. Bank of Queensland said net profit in the first-half increased 14%.
- Mukesh Buch
- 26 Mar, 2015
- New York City
Indexes in Mumbai led the decline across Asia after a sell-off in New York. Amtek Auto to buy U.S.-based TRW Automotive Holdings Corp.
- Nichole Harper
- 25 Mar, 2015
- New York City
Market indexes on Wall Street dropped more than 1% after durable goods orders declined in February largely because of weakening exports on higher dollar. Heinz kicked-off long awaited consolidation in food industry with the purchase of Kraft at 27% premium.
- Mukesh Buch
- 25 Mar, 2015
- New York City
Apollo Education net swung to a loss on 14% decline in revenues. Kraft Foods agreed to merge with H.J. Heinz backed by 3G Capital and Berkshire Hathaway. Christopher & Banks net tumbled 22%. Lindsay profit plunged 33%. Lexmark plans to acquire Kofax for $1 billion. Paychex Net Jumped.
- Nigel Thomas
- 25 Mar, 2015
- New York City
Airbus plans to sell its stake 17.5% in Dassault Aviation as the French government looks to raise capital. Balfour Beatty net loss widened to
- Hiruki Nakamura
- 25 Mar, 2015
- New York City
Nikkei index trimmed losses of the day after investors remained focused on dividend expiry on Thursday. Nikkei is likely to surpass 20,000 mark as long term investors remain in accumulation phase as wage gains spread across the economy.
- Marcus Jacob
- 25 Mar, 2015
- New York City
Australian market indexes bounced around looking for a direction after Reserve Bank highlighted rising risks in the housing market. Aussie dollar gained and stocks closed higher in active trading.
- Mukesh Buch
- 25 Mar, 2015
- New York City
Stocks in Mumbai declined for the sixth day in a row. NTPC won the latest coal mining awards as the central government speeds up allocation. Tata Motors announced a rights plan to raise $1.2 billion. Sun Pharma completed the purchase of the troubled Ranbaxy Laboratories.
- Nichole Harper
- 24 Mar, 2015
- New York City
Stocks on Wall Street lacked direction as investors assessed the latest read on consumer prices, corporate earnings and diverging growth data from the euro zone and China. The dollar remained firm against the euro and the yen as manufacturing index dropped to an 11-month low in China.
- Mukesh Buch
- 24 Mar, 2015
- New York City
G-III Apparel net surged 139%. HD Supply net loss widened but revenues climbed 7%. IHS lowered its revised forecast. McCormick profit tumbled 15%. Ocwen Financial agreed to sell mortgage servicing rights portfolio to Nationstar Mortgage.
- Nigel Thomas
- 24 Mar, 2015
- New York City
Hennes & Mauritz profit surged 36% to 3.6 billion kronor. U.K. based Kingfisher offered
- Marcus Jacob
- 24 Mar, 2015
- New York City
In volatile and active trading, Australian market indexes closed higher and the Aussie dollar extended gains for the second week in a row. Kathmandu Holdings plunged 12% after announcing weak sales during holiday period.
- Hiruki Nakamura
- 24 Mar, 2015
- New York City
Stocks in Tokyo eased after investors booked profit following 5% rally in Nikkei this month. For the year so far, the benchmark index has jumped 13%. Japan revises corporate governance code and listed companies are now required to have at least two independent directors.
- Mukesh Buch
- 24 Mar, 2015
- New York City
Essar Power finalized a coal mining agreement and plans to restart its 1,200 megawatts power plant in Madhya Pradesh. Crompton Greaves won a contract in Paraguay. Fortune Financial Services secured 68.2% stake in Inga Capital Pvt Ltd.
- Nichole Harper
- 23 Mar, 2015
- New York City
Market indexes on Wall Street fluctuated after the S&P 500 index logged its largest weekly gain in last six weeks. Crude oil and gold gained. Existing home sales rose 1.2% in February. On merger Monday, Humana agreed to divest its occupational health services provider Concentra for $1 billion.