May 15, 2013 10:37 AM ET
Bajaj Finance fourth quarter net soared 52% and DLF offering was oversubscribed. GVK Power net loss widened and Novelis controlled by Hindalco said its net dropped to $202 million. Pfizer net climbed 21% and Karnataka Bank declined 19%. Muthoot Finance net plunged 26%.
May 14, 2013 11:30 AM ET
Pan American Silver second quarter net plunged 60% and Post Holdings net tumbled 59%. Sony jumped after hedge fund Third Point proposed spin-off of its entertainment division. Ranbaxy settles U.S. claims for $500 million. Valspar second quarter net edged up.
May 14, 2013 11:21 AM ET
U.S. indexes traded higher after bulls took charge of trading and financials and industrials led the gainers. Import price index fell 0.5% on lower oil prices. Euro declined after German investor confidence index was lower than expected and industrial production increased in the euro zone.
May 14, 2013 10:58 AM ET
Aurubis second quarter net declined 80% and ICAP net for the year plunged 18%. Intesa Sanpaolo first quarter net tumbled 62%. Tata Steel wrote off $1.6 billion for its Corus purchase and blamed on European steel demand weakness.
May 14, 2013 10:08 AM ET
Stocks in Tokyo traded lower and the yen declined and market indexes edged lower from the recent 5-year highs. Yamaha Motor reported lower than expected earnings. Pioneer surged 26% after the company plans to sell stakes to Mitsubishi Electric and NTT DoCoMo.
May 14, 2013 9:29 AM ET
Australian government delayed its goal of returning to a budget surplus to 2015 and revised its deficit estimate for the current fiscal year to $19.4 billion. Australia faces a possible credit rating downgrade after the latest budget estimate.
May 14, 2013 9:05 AM ET
Amtek Auto third quarter net soared nearly three-fold and Dr. Reddy’s net surged 67%. Eicher net declined 10.6% and Reliance Infra net surged 76%. Ranbaxy agreed to a settlement of $500 million with the US agency. Tata steel slid on $1.6 billion impairment charges in fiscal 2013.
May 13, 2013 11:57 AM ET
Cellcom Israel first quarter net plunged 61% and Dell special committee seeks information from Carl Icahn. Elan Corporation agreed to pay $1 billion to buy 21% royalties. Valhi net swung to profit.
May 13, 2013 11:44 AM ET
Stocks on Wall Street traded sideways and retail sales in April rose unexpectedly. Markets in Europe eased but in Japan soared after the yen dropped to a new 5-year low.
May 13, 2013 10:51 AM ET
The yen declined more and broader market indexes extended gains after G7 ministers offered a tacit approval to the latest yen weakness. Traders are looking for the yen to drop to 115 against one dollar and the Nikkei index to jump above 15,000. Exporters were in demand in trading today.