Jan 20, 2014 11:17 AM ET
Australian stocks reacted to better than expected economic data from China and trimmed early losses. China’s economy in the fourth quarter expanded at 7.8% and retail sales in December soared 13.6% and industrial production surged 9.7% in the month.
Jan 20, 2014 9:46 AM ET
AB InBev agreed to buy back South Korea’s Oriental Brewery from KKR and Affinity Equity for $5.8 billion. Deutsche Bank net loss narrowed to $1.3 billion and revenues declined 16%. Peugeot plans to raise capital of €3 billion.
Jan 20, 2014 9:36 AM ET
Dewan Housing net climbed 52%. Kajaria Ceramics net jumped 16%. PTC India net surged more than three-fold. Subex won five new customer deals worth $10 million. UltraTech Cement net plunged 38%. Vakrangee profit soared 56%. Wipro net increased 4%.
Jan 17, 2014 12:30 PM ET
U.S. stocks traded sideways and investors digested several earnings reports. General Electric earnings rose but fell short of expectations. American Express net doubled. Morgan Stanley and UPS results were lower than expected. Consumer confidence index eased in December.
Jan 17, 2014 12:25 PM ET
Stocks in Tokyo traded mixed and market indexed fell 0.9% in the week. Foreign investors sold a net 287 billion yen of Japanese stocks in the week ending on Jan 10, Ministry of Finance reported today. Nintendo dropped on weak outlook.
Jan 17, 2014 12:22 PM ET
American Express net doubled. Carlyle agreed to acquire Ortho-Clinical business of J&Johnson for $4.15 billion. GE net jumped 5%. Morgan Stanley net plunged 85% but revenue jumped 11%. Intel net advanced 6%. Schlumberger net surged 22%.
Jan 17, 2014 11:13 AM ET
Accor said quarterly sales fell 3% to €1.4 billion. Essilor forecasted revenue to grow €5.1 billion. Pandora fourth-quarter revenue surged 30% to 2.8 billion kronor. Shell expects net in the quarter to grow 2% to $6.7 billion.
Jan 17, 2014 10:13 AM ET
Australian market indexes closed lower on Friday and declined 0.1% in the week. The Aussie dollar continued its steady slide and dropped to a 42-month low. Woodside Petroleum secured a site to build LNG processing facility in Canada.
Jan 17, 2014 9:00 AM ET
HDFC Bank net surged 25%. Hindustan Zinc net jumped 7%. ITC net soared 16.3%. MindTree plunged after net declined 31%. Reliance net rose 0.2% to $0.9 billion and revenue jumped 10% to $17.2 billion. TCS net surged 15%.
Jan 16, 2014 12:34 PM ET
U.S. market indexes drifted lower after weaker than expected earnings from Citigroup, Goldman Sachs and United Health. Best Buy Co plunged nearly one third after sales lagged in holiday period. Weekly jobless claims declined 2,000 last week.