May 31, 2010 11:49 AM ET
Essar Group has agreed to acquire the entire stake of AGC Networks listed in India for $44.5 million or Rs 206.18 crore at Rs 245 per share. The deal is subject to regulatory requirements and completion of the mandatory offer.
May 31, 2010 11:17 AM ET
The Australian dollar which had dropped on May 28 after Fitch downgraded Spain from AAA to AA+ was little changed today, as the debt downgrading contributed to market jitters.
May 31, 2010 10:59 AM ET
European stocks traded higher despite a downgrade of Spain''s sovereign debt rating. Euro-zone economic confidence deteriorated and inflation accelerates to 1.6% in May. Polish economic growth slows in the first quarter.
May 31, 2010 8:32 AM ET
The Japanese stocks closed higher after regaining losses in the day on strong earnings growth in pharma companies, leading the Nikkei 225 Stock Average to rise. The broader Topix index increased with advancing stocks leading the declining stocks by a margin of two-to-one.
May 31, 2010 10:23 AM ET
Stocks in Shanghai and Hong Kong declined after a rating agency downgraded Spainís sovereign debt rating sparking fears that the euro-zone debt crisis will widen.
May 31, 2010 9:57 AM ET
Sales up 0.3% to $3.14 billion & net income fell 31% to $134 million or 15 cents a share. Operating profit fell 8% as anticipated & the corresponding margin fell 240 basis points to 22.3%. Underlying operating profit fell 6% & margin decreased primarily due to the flow-through on lower revenues.
May 31, 2010 9:43 AM ET
The benchmark index in Mumbai trading rose marginally after fluctuating between gains and losses four times in the morning. The index gained a little after the Central Statistics Organization reported today that the GDP expanded 8.6% in the quarter ending March from a year earlier.
May 29, 2010 2:55 AM ET
Shell is expanding its portfolio in North American tight gas positions with new acquisitions in high-potential US shale gas acreage in Marcellus Shale and Eagle Ford plays.
May 28, 2010 12:04 PM ET
UK stocks rebound led by positive gains from retailers but consumer confidence wanes. Shell acquires East Resources Inc. for $4.7 billion. Travis Perkins discusses £553 million offer for BSS Group.
May 28, 2010 11:06 AM ET
Baker Hughes Incorporated led the decliners in the S&P 500 index with a loss of 6.6%. Ener1 agrees to joint venture with Wanxiang. Guess profit up 55%. J. Crew posts higher profit. Novell reports 28% profit gain.