Jun 25, 2013 9:49 AM ET
European markets rebounded a day after indexes extended losses and erased yearly gains. Business confidence index in France improved moderately in June. Automakers in Europe traded higher and banks led the gainers.
Jun 25, 2013 7:56 AM ET
Market indexes in Tokyo closed lower and the yen rebounded above 98. ANA Holdings and the largest discount carried Air Asia plan to dissolve their joint venture. Sumitomo Life Insurance may bid for life insurance unit of PT Bank Negara Indonesia.
Jun 25, 2013 7:49 AM ET
Cairn India plans to invest $3 billion in its Rajasthan oilfields. Oil India and ONGC Videsh agree to acquire stake in Mozambique oil field from Videocon for $2.48 billion. Tata Steel is looking to raise $1.2 billion through stake sales in group companies.
Jun 25, 2013 7:27 AM ET
Australian market indexes closed at its low for the year and erased most of the yearly gain as investors shy away from stocks in resource and retail sectors. A consumer advocate group in New Zealand filed a legal challenge for unfair fees charged by ANZ.
Jun 24, 2013 10:26 AM ET
European markets extended losses and erased gains in the year so far and the euro weakened as the dollar advanced. Vodafone agreed to offer 7.7 billion euros to Germany’s largest cable operator Kabel Deutschland. Telefonica S.A. agreed to sell its Irish unit to Hutchison Whampoa.
Jun 24, 2013 10:29 AM ET
U.S. stocks opened lower as global market worried weighed on market sentiment. China began its monetary tightening that dragged Shanghai index down 5% and the U.S. Fed is expected to taper its monetary stimulus. Copper dropped to a 21-month low.
Jun 24, 2013 9:20 AM ET
GMR Infrastructure seeks damages of $1.4 billion from the Maldives Airports Company. HCL and Vestas Wind Systems entered into a long-term collaboration. Jaiprakash Power halted power generation at its Uttarakhand. Indian jewelers plunge after local gold price declined to a 2-year low.
Jun 24, 2013 8:55 AM ET
The Nikkei in Tokyo turned lower in afternoon trading after stocks in Shanghai plunged more than 5% as cash shortage among banks persisted. Japanese ruling coalition won in local election in Tokyo lifting hopes for its majority in the upper house election in a month.
Jun 24, 2013 8:39 AM ET
Australian stocks closed lower after iron ore prices declined and the dollar dropped to the new low in the year. Leighton Holdings won an extension of contract from Fortescue Metals by $1.3 billion to $2.8 billion. Rio Tinto decided to keep its diamond business.
Jun 21, 2013 11:20 AM ET
Archer-Daniels confirmed that it is in talks to sell its cocoa business. CarMax first quarter sales and net climbed. Michael Dell defended leveraged buyout of the computer company he founded. Darden Restaurants sales surged 59% but profit plunged 67%. Oracle net climbed 10% to $3.9 billion.