- Hiruki Nakamura
- 16 Jan, 2015
- New York City
Market indexes in Japan extended losses and for the week the Nikkei index plunged 3.4% and the yen eased 0.3% to 116.55 against one dollar. Market indexes in Japan declined for the third week in a row. Chugai Pharmaceuticals and Sosei Group fell after Swiss franc strengthened.
- Marcus Jacob
- 16 Jan, 2015
- New York City
Australian market indexes extended weekly losses and closed down over 3%, the largest decline in eighteen months. ALS Limited, the testing lab services provider rose on positive outlook. National Australia Bank and State Bank of India sign agreements for project finance business.
- Nichole Harper
- 15 Jan, 2015
- New York City
Stocks on Wall Street weakened for the second day in a row and crude oil price fell another 1.1% but gold surged 2.7%. Switzerland abandoned its peg to euro after vociferously defending the arrangement one month ago. India lowered its reference rate.
- Mukesh Buch
- 15 Jan, 2015
- New York City
Bank of America net plunged 14% on 11% decline in revenues. BlackRock net fell 3% on flat revenues. Citigroup net tumbled 86% on legal expenses and repositioning charges of $3.5 billion. Fastenal net surged 19%. Lennar net jumped 50%.
- Nigel Thomas
- 15 Jan, 2015
- New York City
Associated British Foods sales rose 3% and sales at Primark surged 15%. Lavendon said yearly sales climbed 6%. Tullow Oil estimated annual revenues of $2.2 billion. Richemont sales in the third-quarter jumped 4% to
- Mukesh Buch
- 16 Jan, 2015
- New York City
Sensex in India extended rally to the second day after RBI lowered rate for the first time in nine months. Axis Bank profit surged 18% on 17% increase in revenues. Bajaj Holdings net fell 4%. Dewan Housing Fin net rose 15%. INOX net soared 83%.
- Manish Shah
- 15 Jan, 2015
- New York City
Swiss National Bank in a move that was designed to surprise markets abandoned its three-year old peg to the euro. The expensive franc peg to euro was about to become even more costly as the European Central Bank prepares its bond buying program and weaken currency more.
- Hiruki Nakamura
- 15 Jan, 2015
- New York City
Market indexes in Tokyo soared more than 1.4% after the yen fell from its strongest level in the year. Tire and rubber makers soared on the expectations of earnings boost from the sharp fall in oil price below $50 a barrel. Producer price index decline accelerated in December.
- Marcus Jacob
- 15 Jan, 2015
- New York City
Australian market indexes after a weak opening managed to trim losses after December jobless rate fell to 6.1%. Weak copper, iron ore and crude price continue to pressure resource sector jobs and investment plans.
- Mukesh Buch
- 15 Jan, 2015
- New York City
Bajaj Auto profit fell 5%. Bajaj Finserv net climbed 24%. BHEL secured a contract worth Rs 1,202 crore from Karnataka. Federal Bank net jumped 15%. NIIT profit declined 9%. Network 18 Media net swung to profit.
- Nichole Harper
- 14 Jan, 2015
- New York City
Three widely followed market indexes in Wall Street declined more than 1% after December retail sales declined more than expected 0.9%. Retail sales in November and October were trimmed as well. Copper price fell 4.5% to a five-year low. JPMorgan net declined.
- Mukesh Buch
- 14 Jan, 2015
- New York City
CSX net soared 15%. JPMorgan net declined 12%. Mohawk Ind agreed to acquire Belgium-based IVC Group for about $1.2 billion. Progress Software net dropped 4%. Wells Fargo net edged up 2%. Worthington agreed to acquire the business of Rome Strip Steel.
- Hiruki Nakamura
- 14 Jan, 2015
- New York City
Nikkei index extended two-day losses over 2.5% and the yen gained to a four-week. Crude oil, iron ore and copper prices continued the decline in international markets. Aderans Co said nine-month sales soared 15.9%.
- Marcus Jacob
- 14 Jan, 2015
- New York City
Australian market indexes closed down after iron ore price declined below $69 a ton and crude oil price fell to a six-year low in international markets. Chandler Macleod Group received a takeover proposal from Japan-based Recruit Holdings at 82% premium.
- Nigel Thomas
- 14 Jan, 2015
- New York City
Burberry revenues in the third-quarter soared 14% to