- Mukesh Buch
- 12 Mar, 2015
- New York City
Sensex in India halted 3-day slide after the IMF lifted economic growth outlook in India. ICICI Bank plans to sell its stake in a life insurance joint venture with the U.K based Prudential. IVRCL acquired orders worth ₹226.18 crore.
- Nichole Harper
- 11 Mar, 2015
- New York City
Stocks on Wall Street lacked direction and investors remained on the sidelines after the S&P 500 index wiped out gains in the year so far. The euro accelerated its decline and extended nine-month loss to 35% as traders brace for more fall in the next three months.
- Mukesh Buch
- 11 Mar, 2015
- New York City
Brown Shoe plunged on weak fiscal outlook. Express net dropped 13% and comparable store sales fell 2%. Ferrellgas Partners profit soared 30% but revenues plummeted 23%. Vera Bradley net swung to profit. Verisk Analytics agreed to acquire U.K.-based Wood Mackenzie for $2.8 billion.
- Nigel Thomas
- 11 Mar, 2015
- New York City
Adecco net soared 14% to
- Hiruki Nakamura
- 11 Mar, 2015
- New York City
Stocks in Tokyo struggled to hold on gains of the day and the yen eased after the U.S. dollar hit a 12-year high against the euro. FamilyMart is in merger talks with the rival UNY Group to form the second-largest convenience store chain.
- Marcus Jacob
- 11 Mar, 2015
- New York City
Stocks in Australia closed down and the Aussie dollar dropped to a six-year low. Seasonally adjusted total home loans in January declined 3.5% to 51,396 and home loan value eased 1%. BHP, the largest iron ore miner said it is on track to cut production cost to $20 a ton.
- Mukesh Buch
- 11 Mar, 2015
- New York City
Market indexes in Asia, India and emerging markets turned lower as the U.S. dollar traded at a 12-year high. Asian Paints signed an agreement to set up a manufacturing unit in Andhra Pradesh. Maruti Suzuki India plans to recall 33,098 units of Alto car.
- Nichole Harper
- 10 Mar, 2015
- New York City
U.S. market indexes declined for the second day in a row and dollar jumped to a 12-year high against the euro. Investors fear that the Federal Reserve is closer to lifting rates from record low near zero after five years as the economic data show improving conditions.
- Mukesh Buch
- 10 Mar, 2015
- New York City
Barnes & Noble net soared 14% and lowered fiscal outlook. Bridgepoint Education net loss increased as revenues decline 9%. Casey''s General Stores profit surged but revenues dropped 7%. IDT net fell 0.8%. Korn/Ferry climbed 8%. Urban Outfitters net plunged 10% but revenues soared 12%.
- Nigel Thomas
- 10 Mar, 2015
- New York City
Audi profit soared 10% to
- Hiruki Nakamura
- 10 Mar, 2015
- New York City
Economy in Japan grew at a slower pace than initially estimated in the last quarter of 2014. For the entire year, after the revision, the economy contracted for the first time in three years.
- Mukesh Buch
- 10 Mar, 2015
- New York City
Market weakness extended for the second day on Dalal Street on the resurgent U.S. dollar. Monnet Ispat won the Utkal-C coal block rights for ₹770 per ton in Orissa. PC Jeweller partnered with U.S.-based online jeweller Blue Nile.
- Marcus Jacob
- 10 Mar, 2015
- New York City
Australian dollar weakened along with currencies in Asia and emerging markets on the resurgent dollar. Gold declined and iron ore prices eased. AMP Limited raised $540 million for its global infrastructure fund.
- Nichole Harper
- 09 Mar, 2015
- New York City
Stocks in New York rebounded on Merger Monday. Simon Property launched a hostile offer for the rival Macerich. Alcoa agreed to acquire RTI Metals. GM plans to buy back $5 billion of its stock. European markets declined after Greek proposal fell short of expectations.
- Mukesh Buch
- 09 Mar, 2015
- New York City
RTI Intl surged 41% after Alcoa agreed to acquire for $1.5 billion. Blackstone agreed to acquire Heartland Harvest for undisclosed amount. Concordia Healthcare plans to acquire privately held Covis Pharma for $1.2 billion. Simon Property agreed to buy Macerich Co for $22.4 billion.