Jul 23, 2013 10:11 AM ET
Australian stocks advanced and the dollar traded near its recent low. Fortescue Metals reaffirmed its annual iron ore output target and plans more cost cuts. Billabong sold its Dakine brand for $70 million and completed its $325 million bridge loan.
Jul 23, 2013 9:02 AM ET
Dewan Housing and L&T net jumped as revenue climbed. Fresenius Kabi surged 20% and the company was approved for de-listing its shares. ING Vysya profit soared and Just Dial profit for the year climbed. Shriram Transport net jumped.
Jul 22, 2013 3:20 PM ET
U.S. market indexes flirted in record territory as more than 150 companies are scheduled to report earnings this week. McDonald’s, Federal Mogul, Hasbro and Gannett reported mixed earnings. Existing home sales declined 1% in June.
Jul 22, 2013 12:16 PM ET
Bank of Hawaii net declined 7% and Federal-Mogul net swung to profit. Gannett net dropped 5% as segment revenues declined. Halliburton profit slipped 8% to $679 million and Hasbro net plummeted 12%. Kimberly-Clark net rose 6%. McDonald’s net grew 4%.
Jul 22, 2013 10:50 AM ET
CVC Capital secured investor commitments to €10.5 billion. Mobistar second quarter profit declined 38% as service revenue dropped 9% to €655 million. Philips net income in the first-half soared 68% €478 million. UBS second quarter net income soared 62% to 690 million francs.
Jul 22, 2013 9:59 AM ET
In choppy trading Nikkei in TOkyo and yen firmed after the ruling coalition tightened its grip on both houses of parliament. Nippon Paint lifted its annual net income estimate by 21%. Mitsubishi Heavy declined after Southern California Edison alleged company provided defective generator.
Jul 22, 2013 9:39 AM ET
Australian indexes closed at a 2-month high on the back of a rally in resource stocks. Precious metal prices gained and Australian dollar edged slightly higher. Origin Energy agreed to acquire 50% participating interest in a drilling project owned by MEO Australia.
Jul 22, 2013 9:07 AM ET
Asian Paints net rose 3% and Blue Star net climbed 11%. Bajaj Holdings net soared 27% as other income jumped 93%. Crisil first quarter net climbed 39%. JK Paper net tumbled 90%. L&T profit declined 13%. RIL net soared 18.9% and revenue declined 4.6%.
Jul 19, 2013 2:27 PM ET
Earnings were in focus on Wall Street. General Electric traded at a 5-year high after earnings were ahead of expectations. Microsoft plunged after it missed revenues and earnings expectations. Intuitive Surgical plummeted 12% after company lowered outlook.
Jul 19, 2013 11:49 AM ET
Japan is scheduled for upper house election on Sunday and the ruling coalition is expected to win a super majority to end the divided parliament. Resource sector stocks and exporters traded volatile.