Jul 09, 2013 10:04 AM ET
European markets traded higher to reach a 3-week high led by a surge in commodities and resource sector stocks. UK handed over the Libor rate management to the operator of NYSE Euronext exchanges. LVMH agreed to acquire 80% stake in Loro Piana for 2.5 billion euros.
Jul 09, 2013 9:49 AM ET
Stocks opened higher on Wall Street after Alcoa reported a quarterly loss but held out optimism for an increase in demand for aluminum in the year. Kroger agreed to buy Harris Teeter Supermarkets for $2.5 billion. Barnes & Noble chief executive resigns.
Jul 09, 2013 9:10 AM ET
Market indexes in Tokyo soared more than 2% following strong gains in international markets. Softbank is scheduled to complete its purchase of SprintNextel tomorrow. Beverage makers and convenience stores traded higher as summer heat lifts demand.
Jul 09, 2013 8:47 AM ET
Australian indexes rose to a one-month high as investors shake off global worries. Yanzhou Coal Mining Company is planning to privatize its Australian listed company. Northern Start delayed its gold mining project indefinitely.
Jul 09, 2013 8:22 AM ET
Alstom T&D wins a contract from Bajaj Infra for $40 million. Canara Bank invested 10% in a credit rating agency. Gruh Finance net income and revenue surged as loan assets soared 32%. Reliance Capital sold its stake in DTDC Courier to France based GeoPost SA for $25.6 million.
Jul 08, 2013 12:11 PM ET
U.S. indexes lost early momentum after opening sharply higher. Investors are set to review earnings from banks later in the week and Alcoa is scheduled to kick-off earnings season after the close. European markets soared between 1% and 2%.
Jul 08, 2013 11:18 AM ET
Bovis Homes lifted first-half guidance. Hikma Pharmaceuticals estimated revenue for the year to grow nearly 17%. TGS-NOPEC lowered its revenue guidance for the fiscal year.
Jul 08, 2013 1:49 AM ET
Nikkei in Tokyo edged lower after a surge at the end of last week and the yen dropped to a 5-week low against the dollar. Weak Chinese market sentiment weighed on machinery makers. SoftBank declined 3% after its long-term debt rating was lowered to junk status. Olympus plans to raise $1.16 billion.
Jul 08, 2013 9:49 AM ET
Australian indexes declined 0.7% after rallying for two days on the weakness in precious metal prices and weak market sentiment in Asia. Virgin Australia completed the 60% stake purchase in Tigerair. Rio Tinto received an approval to ship copper from Mongolian venture.
Jul 08, 2013 9:27 AM ET
Airtel used the 5% stake proceeds of $1.1 billion to repay debt. Jyoti Structures secured export orders worth $200 million. Maruti Suzuki June production declined 25%. RCom plans to spin-off its real estate assets.