Jan 15, 2015 11:38 AM ET
Swiss National Bank in a move that was designed to surprise markets abandoned its three-year old peg to the euro. The expensive franc peg to euro was about to become even more costly as the European Central Bank prepares its bond buying program and weaken currency more.
Jan 15, 2015 9:29 AM ET
Market indexes in Tokyo soared more than 1.4% after the yen fell from its strongest level in the year. Tire and rubber makers soared on the expectations of earnings boost from the sharp fall in oil price below $50 a barrel. Producer price index decline accelerated in December.
Jan 15, 2015 10:52 AM ET
Australian market indexes after a weak opening managed to trim losses after December jobless rate fell to 6.1%. Weak copper, iron ore and crude price continue to pressure resource sector jobs and investment plans.
Jan 15, 2015 7:31 AM ET
Bajaj Auto profit fell 5%. Bajaj Finserv net climbed 24%. BHEL secured a contract worth Rs 1,202 crore from Karnataka. Federal Bank net jumped 15%. NIIT profit declined 9%. Network 18 Media net swung to profit.
Jan 14, 2015 12:15 PM ET
Three widely followed market indexes in Wall Street declined more than 1% after December retail sales declined more than expected 0.9%. Retail sales in November and October were trimmed as well. Copper price fell 4.5% to a five-year low. JPMorgan net declined.
Jan 14, 2015 11:37 AM ET
CSX net soared 15%. JPMorgan net declined 12%. Mohawk Ind agreed to acquire Belgium-based IVC Group for about $1.2 billion. Progress Software net dropped 4%. Wells Fargo net edged up 2%. Worthington agreed to acquire the business of Rome Strip Steel.
Jan 14, 2015 11:24 AM ET
Nikkei index extended two-day losses over 2.5% and the yen gained to a four-week. Crude oil, iron ore and copper prices continued the decline in international markets. Aderans Co said nine-month sales soared 15.9%.
Jan 14, 2015 11:05 AM ET
Australian market indexes closed down after iron ore price declined below $69 a ton and crude oil price fell to a six-year low in international markets. Chandler Macleod Group received a takeover proposal from Japan-based Recruit Holdings at 82% premium.
Jan 14, 2015 10:28 AM ET
Burberry revenues in the third-quarter soared 14% to £604 million. C&C Group lowered operating profit forecast for the year to €115 million. Jeronimo Martins net sales in the year climbed 7% to €12.7 billion. Just Eat reported total orders for the year surged 52%.
Jan 14, 2015 10:16 AM ET
Bajaj Finance profit climbed 33%. Kajaria Ceramics net surged 55%. LIC Housing Finance net rose 5%. Reserve bank allowed Tata Sons to acquire Japan-based NTT DoCoMo Inc\''s stake worth $1.1 billion in Tata Teleservices.