Jul 05, 2013 11:44 AM ET
Stocks on Wall Street surged at the opening after June employment increased better-than-expected 195,000 and jobless rate held at 7.6%. European markets erased yesterday’s gains in cautious trading.
Jul 05, 2013 11:02 AM ET
Afren agreed to acquire additional stake of 23.3% in First Hydrocarbon Nigeria for $105.4 million. Endomines lowered annual gold production target range. Siemens pulled out the bidding for Britain''s multi-billion pound Crossrail project.
Jul 05, 2013 10:47 AM ET
Market indexes in Tokyo soared the most in three weeks after the yen stayed low and central banks in Europe and England offered to keep interest rate low. Seven & I rose after the convenience chain operator reported 15% increase in net profit and FamilyMart reported 5.9% increase in operating profit.
Jul 05, 2013 10:04 AM ET
Australian stocks advanced for the second day in a row after a week of turbulent trading. Fortescue Metals stepped up its campaign against Brockman Mining’s request to gain access to its rail infrastructure. Australian dollar hovered near its 3-year low.
Jul 05, 2013 9:12 AM ET
Adani Group withdrew from Indonesian railway project worth $1.65 billion. Unilever launched its offer to increase its stake in HUL to 67.3% valued €2.45 billion. MMTC dropped after the government divested at a discount. Thermax won order for $300 million.
Jul 04, 2013 10:54 AM ET
Oerlikon sold its natural fibers businesses to Jinsheng of China for 470 million Swiss francs. Redrow said group revenue for the year climbed 26% to £604.8 million. Subsea 7 secured contract worth $400 million from Petroleo Brasileiro.
Jul 04, 2013 10:44 AM ET
Market indexes in Tokyo trading declined for the first time in six days and the yen closed below 100 against a dollar. Regional economic survey form the Bank of Japan showed improving economic activities in eight of the nine regions. Foreign investors increased net exposure to Japanese stocks.
Jul 04, 2013 10:15 AM ET
Australian indexes reversed earlier losses and closed up 1%. Building approvals in May decreased more than expected 1.1%. New vehicles sales in June increased seasonally adjusted 5.8% to 118,758 units.
Jul 04, 2013 9:07 AM ET
Switzerland based Holcim plans to merge its ACC and Ambuja Cements. Airtel agreed to buy stake in Qualcomm''s 4G broadband project.The central government sold its 4% stake in HCL. Sobha Developers first quarter sales climbed 10%.
Jul 03, 2013 12:33 PM ET
U.S. indexes reversed early losses and traded higher and weekly jobless claims declined for the second month in a row. Crude oil futures and gold gained after political crisis in Egypt deepened. European markets dropped more than 1% on the rising uncertainties in Portugal.