Jul 27, 2015 2:29 PM ET
Market indexes on Wall Street extended losses and major indexes are nearing to wipe out gains in the year. Crude oil extended five-week long losses and drops to one-year low but gold rebounded. Asian markets dropped after another sharp decline in Shanghai.
Jul 27, 2015 1:49 PM ET
Nikkei in Tokyo declined following a plunge in market indexes in Shanghai and weak commodities prices. Canon Inc said first-half net fell 20%. Hitachi High-Technologies plunged 10% after quarterly results.
Jul 27, 2015 1:19 PM ET
Teva agreed to acquire Allergan for $40.5 billion and withdrew its proposal to acquire Mylan. McGraw agreed to buy SNL Financial $2.2 billion. Biogen lowered revenues forecast. Johnson Controls net rose but sales fell. Norfolk net tumbled 23%.
Jul 27, 2015 12:21 PM ET
Australian market indexes in thin trading rebounded as metal prices hover near new multi-year lows and market indexes in Shanghai plunge 8%. Atlas Iron Limited plunged 70% after a 16-week trading halt.
Jul 27, 2015 10:55 AM ET
The Sensex decline in India was driven by the 8% market plunge in Shanghai. Reliance said quarterly profit rose 4% but revenues plunged 26%. MRF revenues increased 6%. Pfizer quarter profit soared 43%. Rajesh Exports acquired Switzerland-based Valcambi, the largest gold refinery in the world.
Jul 27, 2015 10:40 AM ET
European markets traded lower and commodities reached multi-year low. Deutsche Boerse agreed to buy 360T Beteiligungs for €725 million. Pearson is in talks to sell its stake in The Economist Group. Ryanair profit surged 24.4%. TNT Express revenues jumped 6%. UBS profit soared 72% to 3.2 bn francs.
Jul 24, 2015 2:08 PM ET
Market indexes on Wall Street declined for the fourth day in a row and metal prices fell to multi-year lows. Crude oil price extended 20% decline from the high of $61 a barrel in June and fell 5% in the week. Manufacturing sector outlook in China remained weak.
Jul 24, 2015 1:34 PM ET
Investors in Tokyo sold stocks and focused on domestic earnings after manufacturing sector growth outlook was weak in China and overseas markets declined. Meiji Yasuda agreed to acquire the U.S. based insurance group for $5 billion. Softbank prepares for a bond offering next week.
Jul 24, 2015 12:48 PM ET
Market indexes on Dalal Street extended losses for the second day. Wipro said quarterly profit rose 4% on 10% increase in revenues. ABB India and Biocon net soared. Axis Bank profit jumped 19%. GAIL net plunged 32%. United Spirits net swung to profit.
Jul 24, 2015 12:52 PM ET
Anthem agreed to acquire rival Cigna for $54.2 billion. Amazon net swung to profit on 20% increase in revenues. AT&T net plunged 14% and won a regulatory approval for the proposed acquisition of DirecTV. Caterpillar net tumbled 29%. Visa profit climbed 25%.