Jan 13, 2015 12:53 PM ET
Ruble in Moscow trading dropped to a new low and fell to 65.73 against the dollar and 77.50 against the euro. The fall in Russia’s ruble is linked to the sharp decline in oil prices in 2014 and the 20% drop so far in 2015.
Jan 13, 2015 3:06 PM ET
Stocks on Wall Street rebounded and dollar strengthened on the continuing slide in oil prices and earnings announcements pick up. Russian ruble dropped to a new low after crude oil futures declined to a near six-year low.
Jan 13, 2015 12:14 PM ET
Alcoa net swung to profit $159 million on 14% increase in revenues. IHS net soared 47%. KB Home profit surged on income tax benefit of $824.2 million. Limoneira net swung to a loss. Synnex net climbed 38% on 25% increase in revenues.
Jan 13, 2015 11:33 AM ET
Nikkei index in Tokyo closed lower and the yen traded around 119 against one dollar. Japan reported better-than-expected current account balance, fifth monthly surplus in a row. Aeon plunged 6% after the supermarket operator reported 72% plunge in operating profit.
Jan 13, 2015 11:25 AM ET
Areva and consortium lost nuclear decommissioning contract worth about £9 billion. Metro first-quarter sales fell 2% to €18 billion. Sika said net sales in the year climbed 13% to 5.6 billion Swiss francs. WM Morrison jumped after positive outlook.
Jan 13, 2015 9:57 AM ET
Australian market indexes fell following weak crude oil prices. China reported better-than-expected December month trade surplus of $49.5 billion. Rio Tinto announced $2.5 billion investment in India and also plans to begin uranium shipments to India in two years.
Jan 13, 2015 9:02 AM ET
Seventh biennial Vibrant Gujarat drew investors from around the world but investment commitments are rarely followed through. IndusInd Bank net climbed 29%. RCom secured contract worth 750 crore rupees from the India-based and UK-focused Vertex.
Jan 12, 2015 12:22 PM ET
Market averages in New York extended losses after the S&P 500 index closed down for the second week in a row. The sustained oil price decline as left investors debating the broader implications on the world economic growth outlook and the benefit to the U.S. consumers.
Jan 12, 2015 11:58 AM ET
AmerisourceBergen agreed to acquire MWI Veterinary Supply for about $2.5 billion. Kellogg plans to acquire 86% stake in Egypt-based biscuit maker. SanDisk tumbled on weak forecast. Tekmira Pharma agreed to acquire OnCore Biopharma to form new company.
Jan 12, 2015 10:31 AM ET
Australian indexes closed lower and the Aussie dollar edged up in thin trading as oil prices eased. Fairfax Media acquired the remaining 50% stake in Metro Media Publishing for $72 million.