Jul 02, 2013 9:31 AM ET
Ashok Leyland June truck sales plunged 31% and Bajaj Auto sales declined 14%. Tata Motors June sales plummeted 18% and domestic sales tumbled 32%.
Jul 02, 2013 9:15 AM ET
Reserve Bank of Australian held its cash rate for the second month but held out possibility of a future rate cut. Market indexes soared 2.6%, largest one-day gain in 19 months. Boart Longyear plunged 11% on debt rating downgrade.
Jul 01, 2013 11:53 AM ET
Citigroup agreed to pay $968 million to Fannie Mae. Intuit plans to sell its financial services unit to Thoma Bravo for $1.03 billion. Nokia agreed to acquire remaining 50% stake in Nokia Siemens Networks. Tribune Co agreed to buy 19 television stations valued $2.73 billion.
Jul 01, 2013 11:51 AM ET
European markets traded higher and unemployment in the euro zone rose to 12.1% in May. Jobless rate in the wider European Union was stable at 10.9%. With Croatia, European Union expanded to 28 nations.
Jul 01, 2013 11:01 AM ET
Hunting soared on positive outlook. Siemens sold remaining 50% stakes in Nokia Siemens to Nokia for €1.7 billion. Thyssenkrupp plan to sell its European steel business.
Jul 01, 2013 10:50 AM ET
U.S. market indexes gained more than 1% after construction spending increased 0.5% and a private read on U.S. manufacturing showed an improved growth outlook. Oryx Pharmaceuticals surged 50% after it received a bid from Amgen.
Jul 01, 2013 9:59 AM ET
Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.
Jul 01, 2013 9:48 AM ET
Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.
Jul 01, 2013 9:44 AM ET
GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.