- Nichole Harper
- 02 Dec, 2014
- New York City
Stocks on Wall Street trended higher in volatile trading and gold, silver, copper and oil fell more than 1%. U.S. construction spending increased 1.1% in October after slipping 0.1% in September. Fiat Chrysler led November auto sales with 20% surge.
- Mukesh Buch
- 02 Dec, 2014
- New York City
Ford November sales fell 2% despite Escape, Explorer and Mustang posted record sales. Fiat Chrysler climbed 20% and GM sales climbed 6% and the largest automaker said recall-related charges added to $2.7 billion. Johnson Controls lowered fiscal outlook.
- Hiruki Nakamura
- 02 Dec, 2014
- New York City
Stocks in Tokyo gained and market indexes closed at six-year new highs. Fast Retailing said November same-store sales increased 1.9% and total sales surged 4.1% from a year ago. Otsuka Holdings agreed to acquire Avanir Pharma for about $5.3 billion or $17 a share.
- Marcus Jacob
- 02 Dec, 2014
- New York City
The Reserve Bank of Australia left its benchmark rate unchanged at 2.5% and reiterated that the Aussie dollar is above its fundamental level. Current account deficit narrowed to $12.5 billion in the third-quarter. Seasonally adjusted new buildings approvals increased 11.4% in October.
- Nigel Thomas
- 02 Dec, 2014
- New York City
Aryzta group revenue soared 14% to
- Mukesh Buch
- 02 Dec, 2014
- New York City
Bajaj Auto November sales slid 0.4%. Hero MotoCorp sales rose 3%. NBCC secured an order of Rs 1,850 crore in Arunachal Pradesh. Tata Motors total sales increased 2%.
- Nichole Harper
- 01 Dec, 2014
- New York City
The plunge in crude oil price travelled around the global financial markets as the decline in oil price continued and wreaked havoc in financial asset prices of oil producing nations. U.S. holiday shopping over the weekend was sharply lower than a year ago.
- Mukesh Buch
- 01 Dec, 2014
- New York City
Avolon plans to launch $1.86 billion through an initial public offering. Cott plans to raise $615 million through a convertible bonds due in 2019. Fifth Street Finance net jumped 9%. Tandy Leather plunged on lowered fiscal outlook. Tetra Tech secured contract worth $216 million.
- Hiruki Nakamura
- 01 Dec, 2014
- New York City
Indexes in Japan extended gains and the Topix index increased to a new six-year high and airlines surged after oil price dropped to a new four-year low. Moody
- Marcus Jacob
- 01 Dec, 2014
- New York City
Australian indexes plunged 1.9% and the Aussie dollar eased after crude oil prices dropped sharply following 7% plunge in New York. Resource stocks also dropped after gold dropped 3% and crude oil futures tumbled nearly 10%. Metcash plunged 16% and the wholesaler reaffirmed its restructuring plan.
- Nigel Thomas
- 01 Dec, 2014
- New York City
Altice agreed to acquire Portugal Telecom SGPS S.A. from Brazilian wireless carrier Oi S.A. for
- Mukesh Buch
- 01 Dec, 2014
- New York City
Ashok Leyland sales in November soared 44%. Eicher sales surged 52%. M&M total tractor sales fell 34%. Maruti sales rose 20%. Steel Strips sales jumped 21%. TVS sales jumped 36%.
- Mukesh Buch
- 28 Nov, 2014
- New York City
American Airlines, Delta Air Lines and JetBlue surged while energy stocks plunged after oil price declined to a four-year low below $70 a barrel. Medtronic received clearance from U.S. Federal Trade Commission to acquire Covidien for $42.9 billion.
- Nichole Harper
- 28 Nov, 2014
- New York City
Trading in oil dominated and the sharp fall in oil price hovered stock and currency trading in New York, Europe and Asia. Crude oil plunged as much as 7% after OPEC left its production level at 30 million barrels a day and the oil price fell to a four-year low.
- Hiruki Nakamura
- 28 Nov, 2014
- New York City
Stocks in Tokyo gained and the yen eased after retail sales rose 1.4% and industrial production unexpectedly gained in Japan. Airlines in Tokyo gained after crude oil prices trade near $70 a barrel. The yen weakened for the first time in four days. Toyota global vehicle production in October fell.