Aug 29, 2013 9:22 AM ET
Australian market indexes closed lower and the dollar weakened as U.S. and allies prepare for a military strike against Syrian regime. New home sales declined but business spending edged up in Australia. Kingsgate tumbled on a loss. David Jones reported weak sales.
Aug 29, 2013 9:04 AM ET
Hathway Cable plans to raise $15 million. KEC Intl to sell 7.5 acre land at Thane for $33 million. L&T and consortium won order for $170 million from ONGC. Renuka Sugars sell stake in Brazilian unit worth $1.3 billion. RIL won approval to invest $3.2 billion to expand oil exploration.
Aug 28, 2013 12:21 PM ET
U.S. indexes gained after a rebound in energy sector stocks as tensions in the Middle East rise. U.S. and allies prepare for a limited strike against Assad regime in Syria that could lead to a wider conflict in the region. Oil extended 3-day rally and gold eased.
Aug 28, 2013 11:16 AM ET
Chico’s net declined 12% and Express net climbed 7%. Heico tightened and revised revenues and earnings outlook. Joy Global sales and profit dropped 5%. TiVo net swung to a profit as sales soared 54%. Zale jumped as quarterly loss narrowed.
Aug 28, 2013 10:57 AM ET
Accor first-half net swung to profit. Bouygues net declined 32% to €188 million. G4S plans to raise £600 million to cut the debt. Polymetal Intl net swing to a loss of $255 million. Ryanair appealed UKCC to sell stake of 29.8% in Aer Lingus Group Plc.
Aug 28, 2013 10:29 AM ET
Stocks in Tokyo traded lower and the Nikkei extended losses as the prospect of U.S.-led military strike against the Syrian regime increased. The yen gained against the dollar. Toyota, Honda, Nissan and Sony fell more than 2%. Turkish lira and Indian rupee drop to record lows.
Aug 28, 2013 9:53 AM ET
Australian market indexes tracked world markets lower as the prospect of military strike against Syria increased. Oil price advanced on the worries of a wider conflict in the Middle East. Woolworths Limited reported a surge in profit. Metcash plunged on weak profit outlook.
Aug 28, 2013 9:44 AM ET
ITC plans to spin-off non-engineering business. NMDC acquired exploration licence from Australia based TNG Ltd. Pratibha Ind secured contract worth Rs 231 crore. RECL plans to raise Rs 5,000 crore through tax-free bonds.
Aug 27, 2013 11:24 AM ET
Bank of Nova Scotia net declined 15%. DSW profit surged 15%. Donaldson net grew 2% and Sanderson Farms net soared 137%. Tiffany profit jumped 16% to $106.8 million.
Aug 27, 2013 11:17 AM ET
Rising Middle East tension overshadowed trading in markets of stocks, bonds, currencies and commodities. Oil jumped 2% and markets in the euro zone dropped as much as 3% as the prospect of military attack on Syria rose.