- Marcus Jacob
- 23 Dec, 2014
- New York City
Australian stocks halted a 4-day rally and resource and bank stocks led the decline. Investors also pushed oil lower after Saudi Arabia reaffirmed its commitment to maintain production level even if oil drops to $20 a barrel.
- Mukesh Buch
- 23 Dec, 2014
- New York City
Alstom T&D India secured a contract worth Rs 180 crore from NTPC. Cipla won an order for about Rs 1,100 crore in South Africa. Madhucon Projects to sell 74% stake in its subsidiaries. Mukand transfer its alloy steel business worth Rs 1,590 crore to its subsidiary.
- Nichole Harper
- 22 Dec, 2014
- New York City
Stocks on Wall Street advanced after a rally in oil price lifted energy complex. However, the early rally in oil and gold, silver and copper faded and prices of commodities declined in the afternoon. European and Asian markets closed higher.
- Marcus Jacob
- 22 Dec, 2014
- New York City
Australian stocks staged a rebound after crude oil prices advanced. Australia lowered its iron ore price for exports by 33% in 2015, third downward revision in the year. Fairfax announced to merge its radio station with Macquarie Radio Network.
- Hiruki Nakamura
- 22 Dec, 2014
- New York City
Stocks in Tokyo advanced after energy-complex companies led the gainers. The third-largest refiner, Idemitsu Kosan is looking to buy Showa Shell Sekiyu KK. Skymark Airlines plunged after Airbus Group NV began legal proceedings.
- Nigel Thomas
- 22 Dec, 2014
- New York City
Bilfinger agreed to sell part of construction unit to Switzerland-based Implenia for
- Mukesh Buch
- 22 Dec, 2014
- New York City
Anthem agreed to acquire Simply Healthcare and maintained profit forecast. Caesars Entertainment consolidates Caesars Acquisition. Carnival net swung to a loss of $102 million. Ennis declare quarterly cash dividend. Raytheon secured contract worth $2.4 billion from Qatar.
- Mukesh Buch
- 22 Dec, 2014
- New York City
Bajaj Auto secured an order for 1,25,000 motorcycles from Sri Lanka. BHEL secured acontract worth
- Nichole Harper
- 19 Dec, 2014
- New York City
Stocks were steady after the last two-day surge of 4.5% in market indexes on Wall Street. Oil price rebounded 3% and gold edged up. Russian ruble rose to level below 60 against one dollar and European markets closed higher as Greece prepares for snap election.
- Hiruki Nakamura
- 19 Dec, 2014
- New York City
Market indexes in Japan closed up 2.4% and for the week, the Nikkei index gained 1.4%. The yen resumed its downward decline and flirted with 120 mark against one dollar.
- Mukesh Buch
- 19 Dec, 2014
- New York City
BlackBerry net loss narrowed despite a plunge of 33% in revenues. CarMax net climbed 22% on 16% increase in revenues. Cintas profit surged 42%. Finish Line tumbled 19% despite higher profit and net sales. Paychex net jumped 9%. Red Hat net declined 8% but revenues soared 15%.
- Marcus Jacob
- 19 Dec, 2014
- New York City
Australian market indexes soared 2.5% and the Aussie traded near its recent years low. For the week, the ASX index gained 2%. CBG Capital and Catapult Group completed public offerings. Santos canceled its euro denominated offering and arranged $1 billion bank loan.
- Nigel Thomas
- 19 Dec, 2014
- New York City
Atos agreed to acquire Xerox
- Mukesh Buch
- 19 Dec, 2014
- New York City
IVRCL sold its stake in Chennai desalination plant worth Rs 110 crore to Dubai-based Utico FZC. Jyoti Structures won several domestic and export contracts. Jindal Steel raised Rs 1,000 crore through debenture. Petron Eng won twin orders worth Rs 24 crore.
- Nichole Harper
- 18 Dec, 2014
- New York City
Stock markets around the world extended gains for the second day in a row after the Fed showed a patient approach to the rate increase and lowered inflation and jobless estimates. European markets soared between 2% and 3%. Gold and oil traded with downward bias.