- Mukesh Buch
- 22 May, 2015
- New York City
State Bank of India said quarterly net soared 23% and net non-performing assets declined. Regional banks surged in the sector rally. Voltas soared 8% on 18% increase in quarterly profit. Britannia surged 7% on a 55% surge in net. Indiabulls net income doubled.
- Nichole Harper
- 21 May, 2015
- New York City
Market indexes powered ahead and further in the record zone after weekly jobless claims met expectations. Fed minutes also supported the view that rates are not likely to rise at least for another two months and increase is likely to be modest.
- Mukesh Buch
- 21 May, 2015
- New York City
CVS Health agreed to acquire Omnicare for $12.7 billion. Cato net jumped 4%. Best Buy net plunged 72%. Buckle profit declined 10%. Dollar Tree net plunged 50%. L Brands profit surged 60%. NetApp net plummeted 32%. Salesforce net swung to profit.
- Hiruki Nakamura
- 21 May, 2015
- New York City
Nikkei average in Japan jumped to a new 15-year high for second day in a row and banks, utilities and electronics makers led the gainers. Takata was in focus after the airbag maker faced parts shortages to deal with larger recall.
- Nigel Thomas
- 21 May, 2015
- New York City
Daily Mail net surged 82%. National Grid profit tumbled 19% to
- Marcus Jacob
- 21 May, 2015
- New York City
Australian market indexes traded higher in moderate trading and the Aussie dollar held firm near 79 U.S. cents. James Hardie soared 11% after the company offered a special dividend and announced a stock buyback program.
- Mukesh Buch
- 21 May, 2015
- New York City
Zee said net in the quarter rose 6% on 20% increases in revenues. Bajaj Auto net declined 19%. DLF net slipped 22%. Tata Steel net swung to a loss. Balaji Telefilms net swung to profit.
- Devan Biswas
- 20 May, 2015
- New York City
Five banks in the U.S. and U.K. were charged with multiple crimes linked to foreign currencies and interest rates violations by state and federal authorities on Wednesday. However, tough talking regulators did little to prevent these banks from operating in many parts of financial industry.
- Nichole Harper
- 20 May, 2015
- New York City
Market indexes on Wall Street lacked direction ahead of Fed minutes and investors focused on latest batch of earnings. European markets struggled and Greek lawmakers resisted the next loan payment in June without revisions to agreements with international lenders.
- Mukesh Buch
- 20 May, 2015
- New York City
American Eagle profit surged more than six-fold. Analog Devices net climbed 10%. Autodesk net tumbled 33%. Hormel Foods net climbed 29%. Heico net jumped 17%. Target quarterly net surged 52%. Lowe
- Nigel Thomas
- 20 May, 2015
- New York City
Altice agreed to acquire 70% stake of U.S.-based Suddenlink for $9 billion. Burberry net rose 4%. Cable and Wireless net tumbled 71%. Deutsche Wohnen net swung to a loss. Marks and Spencer net fell 5%. Thomas Cook net loss narrowed.
- Hiruki Nakamura
- 20 May, 2015
- New York City
Japan reported better than expected first-quarter economic growth of 0.6% and the U.S. dollar rose to a two-month high. On an annual basis, the GDP increased 2.4%. Nikkei average jumped to a 15-year high. Next Co, the online real estate information provider said annual sales jumped 42%.
- Marcus Jacob
- 20 May, 2015
- New York City
Australian market indexes trimmed losses in moderate trading and banks led the decliners. Cardno Limited, the environmental consultant plunged 27% after $200 million write down. Brambles Ltd acquired Chile based crate pooling services provider for $80 million.
- Mukesh Buch
- 20 May, 2015
- New York City
Reliance Industries sought shareholder approval to raise $1.7 billion in a convertible bond offering. PVR is in talks to acquire movie theater chain from DLF for as much as $90 million. Bharat Forge net soared 71%. Tata Power net swung to profit.
- Nichole Harper
- 19 May, 2015
- New York City
Global markets jumped after the European Central Bank official suggested that the bank may accelerate its one trillion euro bond-buying program over the next two months. Weak same store sales from Wal-Mart offered another signal that consumers are saving lower fuel price windfall.