Jul 12, 2013 11:13 AM ET
Balfour signed contract with Sydney Water valued £450 million for next five years. Invensys received takeover offer from France based Schneider Electric SA for £3.3 billion. Phoenix Group said Swiss Re may take minor stake in the company.
Jul 12, 2013 10:02 AM ET
Nikkei in Tokyo struggled to find a direction in trading after yen weakened and Fast Retailing missed operating profit estimate. Asian markets were under pressure after finance minister in China lowered growth estimate.
Jul 12, 2013 9:41 AM ET
Cera Sanitaryware sales and profit climbed. Infosys revenue jumped but net slid 0.8%. IVRCL secured new orders worth $150 million. Kalindee Rail received open offer from Jupiter Metal to acquire the stake. Reliance Capital gross written premium jumped 25%. Sintex sales jumped.
Jul 12, 2013 9:38 AM ET
Australian stocks rose for the fourth day in a row and extended gains in the second week in a new financial year on gains in resource stocks. Market indexes weakened in the afternoon after finance minister in China lowered growth expectations. WorleyParsons won a contract from Sasol North America.
Jul 11, 2013 1:47 PM ET
U.S. stocks traded higher after Fed Chairman Bernanke comments. Stocks, bonds, metals and energy prices gained after a rally in world markets. Fewer homes entered foreclosure process in June. SEC lifted an 80-year ban on advertising restrictions on hedge funds seeking private investments.
Jul 11, 2013 11:49 AM ET
Markets in Tokyo and Asia were supported by positive reassurances from the U.S. Fed Chairman Bernanke. Bank of Japan left its monetary policy intact after a 2-day meeting. Photocreate Co soared 144% on its first day of trading.
Jul 11, 2013 11:51 AM ET
Commerce Bancshares second quarter net jumped 8%. Caesars Entertainment plans to spin-off its gaming business. PriceSmart third quarter revenue and net soared. Progressive Corp net surged 174%. Yum! Brands net jumped 15% to $281 million.
Jul 11, 2013 11:19 AM ET
Associated British Foods said group revenue jumped 9%. Ashmore fourth quarter net inflows recorded $4.5 billion. Hays said net fees in the fourth quarter grew 3%. SuperGroup revenue in the year climbed 15% to £360 million and profit jumped 17%.
Jul 11, 2013 10:14 AM ET
Australian and Asian markets rebounded after positive assurances from the U.S. Fed Chairman Bernanke. Australian jobless rate rose more than expected to 5.7% and a private survey showed a decline in property market confidence. Newcrest Mining to cut more jobs.
Jul 11, 2013 9:28 AM ET
Hindalco raised automotive sheet price in Europe. Punj Lloyd signed an agreement to develop 100 megawatts power plant in Rwanda. RCom completed securitizations agreement with Reliance Jio.