- Marcus Jacob
- 29 May, 2015
- New York City
In active trading, ASX 200 index jumped more than 1% and investors factored rates to stay on hold after the policy makers meet on Tuesday next week.
- Mukesh Buch
- 29 May, 2015
- New York City
Economic growth in India accelerated to 7.3% in the first quarter from the downwardly revised 6.6% in the fourth quarter. NMDC said net in the quarter declined 31%. M&M quarterly profit dropped 39%. ONGC profit plunged 20% but revenues rose 3%. NTPC net and revenues slipped.
- Nichole Harper
- 28 May, 2015
- New York City
Stocks on Wall Street lagged and market indexes meandered after a deal in the semiconductor industry dominated news flow. Home purchase contract index rose at the fastest pace in nine years. Stalled Greece negotiation with international lenders dragged market sentiment in Europe.
- Mukesh Buch
- 28 May, 2015
- New York City
Avago agreed to acquire Broadcom for $37 billion. CA agreed to acquire Rally Software for $480 million. Abercrombie & Fitch net loss widened. Costco profit climbed 9%. Copart net soared 41%. Palo Alto net loss narrowed.
- Nigel Thomas
- 28 May, 2015
- New York City
Ferrexpo net tumbled 53% on 38% decline in revenues. Kingfisher sales and retail profit each dropped by 5%. Sports Direct climbed on positive outlook. Swatch Group profit slightly declined to 1.416 billion francs.
- Hiruki Nakamura
- 28 May, 2015
- New York City
Ten day rally lifts Nikkei average in Tokyo by 5% and the yen traded at a new 8-year low. Retail sales in April increased 5% from a year ago month and seasonally adjusted sales rose 0.4% from a month ago. Sales data have been distorted ahead of last April sales tax increase.
- 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.