- Marcus Jacob
- 31 Mar, 2015
- New York City
Australian market indexes reversed a week-long slump on the hopes that the Bank of China will follow through and provide additional monetary stimulus. Touchcorp, Genetic Signatures and OtherLevels completed public offerings.
- Mukesh Buch
- 31 Mar, 2015
- New York City
Ashok Leyland sold its loss making subsidiary in Europe. Tiger Global lowered its stake in Just Dial and raised $48 million. Larsen & Toubro received contract for about ₹1,432 crore from the Ministry of Defence. Pidilite agreed to acquire 70% stake in Mumbai-based Nina Waterproofing.
- Nichole Harper
- 30 Mar, 2015
- New York City
Merger Monday lifted market indexes on Wall Street and the talks of additional stimulus in China also bolstered indexes in Asia. However, in Europe indexes struggled after Greek bailout plan was deemed inadequate by international lenders.
- Mukesh Buch
- 30 Mar, 2015
- New York City
AAR net net swung to a loss. Cal-Maine profit surged. Intel is in talks to acquire Altera for about $10 billion. Horizon Pharma agreed to acquire Hyperion Therapeutics for $1.1 billion. UnitedHealth agreed to acquire Catamaran for about $12.8 billion.
- Hiruki Nakamura
- 30 Mar, 2015
- New York City
Stocks in Japan jumped and the traded near 120 level against the dollar. Industrial production declined in February by 3.4%. Fujifilm Holdings offered to acquire the U.S. based Cellular Dynamics for $307 million in cash.
- Nigel Thomas
- 30 Mar, 2015
- New York City
Dufry agreed to acquire majority stake in the rival World Duty Free for
- Marcus Jacob
- 30 Mar, 2015
- New York City
Australian market indexes extended losses of last week as iron ore price hit six-year low and gold and oil prices headed lower. PanAust received a substantially lowered offer from a China based investor.
- Marcus Jacob
- 30 Mar, 2015
- New York City
Sensex in Mumbai soars 1.9% and banks led the gainers. Rupee eased and oil price declined. BHEL received contract worth ₹5,000 crore in Telangana. NMDC commissioned its new iron ore project with an estimated investment of ₹600 crore in Chhattisgarh.
- Nichole Harper
- 27 Mar, 2015
- New York City
Stocks on Wall Street struggled and S&P 500 index is set to close down 2.3% and the Nasdaq by 2.9% for the week. Economic growth in the fourth-quarter was held at 2.2% in the final estimate and for all of 2014 the U.S. economy slowed to a growth of 2.2% from 2.4% in 2013.
- Mukesh Buch
- 27 Mar, 2015
- New York City
BlackBerry net swung to profit but revenues declined 32%. Finish Line profit declined 5% while revenues climbed 6%. GameStop profit surged 11% but sales dropped 6%. Restoration Hardware net climbed 60% on 24% increase in revenues.
- Nigel Thomas
- 27 Mar, 2015
- New York City
Antofagasta fell after suspended operations at three Chilean mines due to heavy rains. BHF Kleinwort Benson net swung to profit of
- Hiruki Nakamura
- 27 Mar, 2015
- New York City
Nikkei index declined and extended losses for the week to 1.4% after the latest inflation data fell short of expectations. The weak fuel prices dragged the overall inflation below the Bank of Japan target.
- Mukesh Buch
- 27 Mar, 2015
- New York City
Three leading wireless carriers Bharti Airtel, Idea Cellular and Vodafone and Tata Teleservices, Reliance Infocom and Reliance Jio committed nearly ₹109,000 crore or $16.5 billion in the largest wireless spectrum auction.
- Marcus Jacob
- 27 Mar, 2015
- New York City
Australian markets braved higher on the back of a sixth day rally in oil prices and gold extended seven day advance to 5%. Chevron agreed to sell its 50% stake in Caltex after 40 years as the U.S.-based oil explorer retrenches from refining businesses.
- Nichole Harper
- 26 Mar, 2015
- New York City
A mild rebound in tech stocks failed to lift the broader indexes and oil rally extended to fifth session in a row. S&P 500 index is down more than 2% in the week so far and the Nasdaq is down 3%, the largest weekly loss since October.