Nov 28, 2014 1:38 PM ET
American Airlines, Delta Air Lines and JetBlue surged while energy stocks plunged after oil price declined to a four-year low below $70 a barrel. Medtronic received clearance from U.S. Federal Trade Commission to acquire Covidien for $42.9 billion.
Nov 28, 2014 2:34 AM ET
Trading in oil dominated and the sharp fall in oil price hovered stock and currency trading in New York, Europe and Asia. Crude oil plunged as much as 7% after OPEC left its production level at 30 million barrels a day and the oil price fell to a four-year low.
Nov 28, 2014 11:23 AM ET
Stocks in Tokyo gained and the yen eased after retail sales rose 1.4% and industrial production unexpectedly gained in Japan. Airlines in Tokyo gained after crude oil prices trade near $70 a barrel. The yen weakened for the first time in four days. Toyota global vehicle production in October fell.
Nov 28, 2014 10:38 AM ET
Axa agreed to acquire Assur Africa for €198 million. Covidien received U.S. regulatory clearance of Medtronic`s planned $43 billion acquisition. E.ON agreed to sell 80% stake to Enbridge for $650 million and sell its Spanish business for €2.5 billion.
Nov 28, 2014 10:11 AM ET
Australian market indexes opened lower and the crude oil prices plunged below $70 a barrel after the OPEC member nations left the oil production level unchanged. Qantas Airways surged and the airline announced investment in Jetstar Japan.
Nov 28, 2014 10:05 AM ET
Alstom won a contract from Ceylon Electricity Board, Sri Lanka. ITC plans to invest about Rs 9,000 crore to expand its hotel chain. Taneja Aerospace signed a contract with Indian Air Force to upgrade MIG 29 aircrafts.
Nov 27, 2014 12:25 PM ET
Market indexes in Tokyo closed lower and the yen struggled to hold firm after two weeks of weakness. Resource and oil exploration companies were in focus after the OPEC members disagreed to cut oil production. Yakult Honsha dropped 6% after the France-based Danone plans to sell its 20% stake.
Nov 27, 2014 12:18 PM ET
Australian market indexes wiped out most of the gains in the session and the Aussie dollar retained its downward bias. Price of crude oil and iron ore edged lower. Lend Lease agreed with the Sydney development authority to develop two sites at a cost of $1.9 billion.
Nov 27, 2014 12:10 PM ET
Bank of Baroda plans to raise about Rs 1,500 crore through a convertible bond offering. CG‘s subsidiary plans to sell 7% stake to raise Rs 900 crore. Puravankara formed a venture to develop 30 acre land in Pune. Wanbury net loss widened but net revenues jumped 11%.
Nov 27, 2014 10:51 AM ET
Infineon net soared 27% to £181 million. Stagecoach and Virgin won a railway contract from the U.K. government and agreed to pay £3.3 billion. Victoria Oil & Gas surged after stock consolidated. UBM increased public offering size to £565 million.