Apr 10, 2013 10:46 AM ET
U.S. market indexes gained and the S&P 500 index surpassed its previous intra-day high. Fed policy members are still debating the stimulus unwinding measures according to the latest minutes of meeting. The yen declined to the lowest level since May 2009.
Apr 10, 2013 10:22 AM ET
Diageo’s bid for a majority stake in India based United Spirits collapsed. Gerresheimer first quarter revenue climbed 10% and net surged 42%. Halfords total revenue for the quarter grew 1.7%. Telefonica sell stake in its Colombian unit to cut €4.3 billion debt.
Apr 10, 2013 9:44 AM ET
Stocks in Japan traded higher and the yen extended weakness against the dollar and the yen. Investors are worried that most of the $1.4 trillion in central bank spending will leak to the U.S. and European bond markets and inflate real estate prices around the world.
Apr 10, 2013 8:56 AM ET
Australian market indexes struggled to gain as consumer sentiment index declined in April. Billabong plunged 27% after it received a significantly lower than expected bid. Bank of Queensland agreed to acquire Virgin Money Australian for $40 million.
Apr 10, 2013 8:33 AM ET
Cairn India fourth quarter oil production jumped 12%. Jindal Stainless in strategic agreement with Korean steelmaker Posco. Siemens India secured contract from Bangladesh. Tata Steel fourth quarter steel production jumped 27% and sales surged 29%.
Apr 09, 2013 3:22 PM ET
U.S. stocks traded flat as investors awaited the start of the earnings season. Yen decline paused but inched near the 100-mark against one dollar. Troubled retailer fired its celebrity chief executive after sales plummeted for four quarters in a row and rehired former head.
Apr 09, 2013 10:08 AM ET
Aurubis chief executive officer expects better outlook in the US and Europe. ADB agrees to pay €169 million to France based PAI Partner. FirstGroup sold eight of its London depots. Lagardere sold 7.4% stake in Airbus parent EADS to raised €2.3 billion.
Apr 09, 2013 9:49 AM ET
Stocks in Japan were flat and real estate and exporters declined after surging for four days in a row. The yields on Japanese bonds of longer maturities rose ahead of bond auction later in the week. The yen inched towards 100 level against a dollar.
Apr 09, 2013 9:21 AM ET
Australian stocks rebounded for the second day and the benchmark index increased 1.5% after China reported a slowdown in inflation. A private survey showed that a business conditions index in Australia dropped to a four-year low.
Apr 09, 2013 9:20 AM ET
ABB secured an order worth $30 million in Australia. Apollo Tyres plans set up manufacturing unit in Thailand or Indonesia. IL&FS win road project for nearly $300 million. TCS agreed to acquire France based Alti SA, for €75 million in cash. Wipro declined after splitting non-IT business.