Aug 27, 2013 10:44 AM ET
Antofagasta first-half revenue tumbled 12% and profit-before-tax plummeted 37%. Petrofac revenue dropped 12% and net profit declined 25% to $243 million but backlog climbed 21% to $14.3 billion.
Aug 27, 2013 10:22 AM ET
Indexes in Japan closed lower and investors awaited policy announcements on sales tax and labor market reforms. Nissan Motor plans to spend$5 billion and increase its production capacity to 2 million vehicles in the U.S. by 2014. ANA Holdings plans to invest 10% stake in Myanmar based airline.
Aug 27, 2013 9:31 AM ET
Australian stocks edged higher in late afternoon trading as investors focused on better than expected earnings from Flight Centre. Billabong said annual net loss widened and debt increased. Seven Group lowered earnings outlook.
Aug 27, 2013 9:18 AM ET
Crisil will sell 49% stakes in index ventures with National Stock Exchange. CX Partners agree to buy 28.3% stake of Biba Apparels valued Rs 300 crore. HUDCO plan to raise $195.28 million via private placement of tax free bonds.
Aug 26, 2013 11:32 AM ET
Amgen agreed to acquire Onyx Pharmaceuticals for $10.5 billion in cash. Anadarko sold its 10% stake in Mozambique oil field to India based ONGC Videsh for $2.64 billion in cash. TMS International agreed to be acquired by Pritzker Organization for $1 billion in cash.
Aug 26, 2013 11:23 AM ET
U.S. stocks extended gains and durable goods orders declined 7.3% in July. Amgen lifted its bid to $10.4 billion for Onyx. DirectEdge and BATS agreed to merge creating the second-largest stock exchange operator in the U.S. Anadarko sold 10% stake in Mozambique oil field to India controlled ONGC.
Aug 26, 2013 10:27 AM ET
AstraZeneca agree to buy U.S. based Amplimmune for $500 million. ING sold its 90% stake of its South Korean business for €1.24 billion. Telefonica inches closer to acquire German mobile operator E-Plus.
Aug 26, 2013 10:04 AM ET
Stocks in Tokyo closed lower in choppy trading as investors awaited more reforms and clarity on the widely expected and unpopular move to increase sales tax. Builders and real estate companies were in focus ahead of Summer 2020 Olympics meeting in two weeks.
Aug 26, 2013 9:33 AM ET
Australian resource stocks closed higher after gold touched a 3-month high. Earnings were in focus and Boart Longyear swung to a loss. Caltex Australia reported bumper first-half profit. M2 Telecom Group lifted full-year outlook. NIB Holdings annual net eased.
Aug 26, 2013 9:08 AM ET
GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.