- Nichole Harper
- 16 Dec, 2014
- New York City
U.S. indexes and oil prices in New York were stable at least for today and Russia faced foreign exchange crisis. U.S. dollar and treasuries and the yen rose as investors avoided exposure to currencies of emerging markets.
- Marcus Jacob
- 16 Dec, 2014
- New York City
Australian stocks closed down following world markets weakness and the continued slide in oil prices. Oil futures extended losses for the sixth day in a row and Russian ruble collapsed forcing central bank to take emergency steps.
- Hiruki Nakamura
- 16 Dec, 2014
- New York City
Stocks in Tokyo and Asia declined for the second day on the dramatic turn of events in Russia. Nikkei dropped 2% and extended two-day sell-off after Russia hiked interest rate by 6.5% to ward off capital flight. Asahi Holdings Inc agreed to acquire Johnson Matthey Plc for $186 million.
- Mukesh Buch
- 16 Dec, 2014
- New York City
IDBI Bank won the government approval to sell its 5% stake in National Stock Exchange. Motherson Sumi plans to acquire Germany-based Scherer & Trier worth Rs 283 crore. Oil ministry faces hurdles in recovering $2.4 billion for the lost oil production from KG D6 block.
- Nichole Harper
- 15 Dec, 2014
- New York City
Stocks traded lacklustre in New York and Europe after oil price weakness extended to the sixth day in a row. Russian ruble plunged 9% and dropped to a record low of 64 against one dollar sparking capital flight of $125 billion. Market indexes across Europe drop more than 2%.
- Hiruki Nakamura
- 15 Dec, 2014
- New York City
Prime Minister Shinzo Abe
- Mukesh Buch
- 15 Dec, 2014
- New York City
Bharti Airtel plans to sell 1,100 telecom towers in Zambia and Rwanda to IHS. GMR Infra
- Mukesh Buch
- 15 Dec, 2014
- New York City
Apache agreed to sell its stake in its two LNG projects to Woodside Petroleum for $2.8 billion. Emerson Electric agreed to sell power transmission unit for $1.4 billion. PetSmart agreed to be acquired by a consortium for $8.7 billion. Thoma Bravo plans to acquire Riverbed for $3.6 billion.
- Nigel Thomas
- 15 Dec, 2014
- New York City
Carpetright pre-tax profit surged on 3% increase in revenues. Danske Bank estimated goodwill impairments of about 9 billion kronor. Johnson Matthey agreed to sell its gold and silver refining business to Japan-based Asahi Holdings for
- Marcus Jacob
- 15 Dec, 2014
- New York City
Australian stocks traded lower and the Aussie declined after the mid-year review of federal government budget showed a slowdown in revenues and deficit to surge to $40 billion. Recall Holdings rejected takeover offer.
- Nichole Harper
- 12 Dec, 2014
- New York City
Global markets accelerated decline after oil price loss in the year extended to 44%. The latest decline in oil price was driven by the lowered global oil demand growth in 2015. Currencies of oil producing nation including Russia, Norway, Venezuela and Middle Eastern stock markets took another hit.
- Hiruki Nakamura
- 12 Dec, 2014
- New York City
Tokyo indexes closed higher ahead of parliamentary election. Prime Minister Shinzo Abe
- Mukesh Buch
- 12 Dec, 2014
- New York City
Adobe Systems agreed to acquire privately-held Fotolia for about $800 million in cash and profit jumped 12%. Dominion Diamond net swung to profit. Esterline Technologies net swung to a loss. Nordson profit soared 21% on 14% increase in revenues. Quiksilver net loss narrowed.
- Nigel Thomas
- 12 Dec, 2014
- New York City
Conwert Immobilien agreed to sell two portfolios to a Czech company for about