May 23, 2013 9:48 AM ET
Australian market indexes plunged 2% after Chinese survey indicated a decline in manufacturing and U.S. Federal Reserve comments also contributed to the negative narrative. The Australian dollar dropped to a new one-year low.
May 23, 2013 9:20 AM ET
BHEL sales slid 2% and JSW Steel profit declined 62% and revenues fell 3%. SBI quarterly net dropped 37% and non-performing assets climbed to 4.75%. Thermax profit and revenue dropped. TVS Srichakra quarterly profit surged.
May 22, 2013 12:10 PM ET
Eaton Vance second quarter revenues jumped 9% and net climbed 21%. Lowe’s first quarter net rose but gross margin was flat. Medtronic fourth quarter net slid but lifted full year outlook. Staples net dropped 9% as international sales declined 13%. Target net plunged.
May 22, 2013 10:58 AM ET
Britvic revenue rose 0.3% to £639.2 million and profit after tax surged 52%. Pandora plunged after Prometheus lowered its stake in the cosmetic jewelry maker. SSE revenue dropped 11% to £28.30 billion but net doubled to £425.9 million.
May 22, 2013 10:29 AM ET
European markets trended lower as leaders of European Union gather in Brussels to discuss corporate tax loop holes and curb tax evasion with Luxembourg and Ireland in focus. Pandora tumbled after the largest investor lowered the stake in the cosmetic jewelry maker.
May 22, 2013 9:44 AM ET
U.S. stocks traded higher ahead of the Fed Chairman Bernanke comments and the release of existing home sales data. Crude oil futures declined on the unexpected buildup in inventories.
May 22, 2013 8:58 AM ET
Aban Offshore secured contract worth Rs 1,110 crore. AstraZeneca sales grew 3.4% and L&T profit dropped 7% and plans to offer 3 shares for every two held. Oracle Financial plans to raise $181 million in a stock offering. Tech Mahindra profit surged 37%. Zee Entertainment revenue climbed 11%.
May 22, 2013 8:48 AM ET
Market indexes advanced to new highs since December 2007 after the Bank of Japan lifted its economic assessment for the fifth month in a row and did not offer any comments on the rising bond market yields. The yen dropped to a new 4-year low.
May 22, 2013 8:03 AM ET
Australian consumer sentiment index in a private survey declined for the second month in a row. Stockland completed its $400 million capital raising plan in an oversubscribed offering. Iluka Resources dropped 6%after it lowered full-year earnings outlook on weak mineral prices.
May 21, 2013 11:44 AM ET
AutoZone first quarter net jumped 7% and Best Buy net swung to a loss. Dick''s Sporting, TJX and Saks net soared 13% and Urban Outfitters net soared 39%. Home Depot net advanced 19%. TiVo net increased 13%.