- Marcus Jacob
- 25 Nov, 2014
- New York City
Medibank Private completed initial public offering and raised $5.9 billion. Stocks in Sydney traded lower after iron ore, gold and crude oil prices edged lower. Brickworks Limited said fiscal first quarter revenues rose 14%.
- Nigel Thomas
- 25 Nov, 2014
- New York City
Caledonia Investments net jumped 170% to
- Mukesh Buch
- 25 Nov, 2014
- New York City
Ashok Leyland divested 32% stake in its subsidiary Hinduja Tech. Amtek Auto plans to acquire three foreign companies. Bharti Airtel agreed to sell 4,800 telecom towers in Nigeria for $1 billion. Rcom plans to raise $255 million to refinance overseas loans.
- Nichole Harper
- 24 Nov, 2014
- New York City
U.S. and European market indexes advanced and built on gains of last week. Crude oil, gold and copper traded with a negative bias. Markets in Europe gained after a private survey showed improved business climate in Germany.
- Mukesh Buch
- 24 Nov, 2014
- New York City
BioMarin Pharma agreed to acquire Prosensa Holding for $840 million. Navios Maritime net loss widened. RenaissanceRe Holdings agreed to buy rival Platinum Underwriters for about $1.9 billion. Visa expected to pay $10 billion to acquire the London-based Visa Europe.
- Marcus Jacob
- 24 Nov, 2014
- New York City
Australian indexes soared more than 1% after China unexpectedly lowered interest rate. Resource companies led the market advance and BHP said it is on track to complete the company split in the first-half of 2015. ALS Limited, the mineral testing company, reported better-than-expected profit.
- Marcus Jacob
- 24 Nov, 2014
- New York City
Adani Power to acquired Korba West Power for Rs 4,200 crore. Astral Poly Tech acquired 76% stake in Resinova. Indiabulls emerged as the highest bidder for land parcel of Voltas for Rs 236 crore or $40 million. Patel Engineering quarterly net fell 67%.
- Nichole Harper
- 21 Nov, 2014
- New York City
Markets in Europe and New York advanced after China unexpectedly cut interest rates and the European Central Bank President Mario Draghi hinted of new measures to accelerate inflation at a faster pace.
- Mukesh Buch
- 21 Nov, 2014
- New York City
Ann net plunged 27%. Autodesk net tumbled 81% but revenues soared 11%. Blackstone agreed to acquire Japan-based residential assets from GE for $1.6 billion. Foot Locker profit surged 15%. Gap net jumped 4%. Intuit net loss widened while revenues climbed 8%.
- Nigel Thomas
- 21 Nov, 2014
- New York City
Carrefour received French regulatory approval to acquire more than 800 Dia France stores. Dee Valley profit surged 20% on 4% increase in revenues. Ophir agreed to acquire Salamander Energy. Rolls-Royce won order worth
- Hiruki Nakamura
- 21 Nov, 2014
- New York City
Prime Minister Shinzo Abe dissolved Japanese parliament and set early snap election for the lower house in December. Finance Minister Taro Aso said the decline in yen this week had been too quick. The yen closed at the weakest level since August 2007.
- Marcus Jacob
- 21 Nov, 2014
- New York City
Australian market indexes extended weekly drop to 2.7% after the iron ore price dropped below $71 a ton. Australian dollar struggled but energy companies advanced after the crude oil futures gained more than 1%.
- Mukesh Buch
- 21 Nov, 2014
- New York City
JM Financial received an investment of Rs 540 crore. Kotak Mahindra agreed to acquire ING Vysya for $2.5 billion. L&T and Japan-based Sojitz won railway electrification contract worth Rs 2,633 crore. Tech Mahindra acquire U.S.-based LCC for $240 million.
- Nichole Harper
- 20 Nov, 2014
- New York City
Market indexes on Wall Street recovered from early doldrums after investors shifted focus from Europe and China to U.S. economic data. Initial claims of jobless stayed below 300,000 for the tenth week in a row. Sale of existing homes increased 1.5% in October.