Aug 22, 2013 8:41 AM ET
Bajaj Corp agreed to acquire Nomarks from Ozone Ayurvedics. Ind-Swift net loss narrowed. Jaiprakash Associates plans to sell a stake in its cement unit to UltraTech Cement. L&T secured orders valued Rs. 1,504 crore. Reliance finalizes terms for $1.75 billion foreign loans.
Aug 21, 2013 2:33 PM ET
U.S. indexes briefly rebounded after the release of Fed statement that showed a broad support for the stimulus tapering timeline. Indexes however dipped back near the low of the day. U.S. Treasury yields traded sideways. European market indexes fell. Rupee led the emerging market currency plunge.
Aug 21, 2013 1:20 PM ET
Stocks in Tokyo declined in lackluster trading and volume on stock exchange hovered near the yearly low. The yen weakened. Tepco, the owner and operator of crippled Fukushima Dai-Ichi nuclear power plant may seek overseas help to arrest contaminated water leak.
Aug 21, 2013 12:33 PM ET
Australian market indexes rebounded in late afternoon to trim losses. Takeover Panel approved the rescue package for Billabong International Limited. Woodside Petroleum first-half revenues increased 7.5%. Charter Hall Retail REIT estimated flat operating earnings in the current year.
Aug 21, 2013 11:34 AM ET
American Eagle net grew 3%. Intuit net swung to a loss but sales climbed. Smucker net rose 2%. Lowe’s net surged 26% as sales jumped 10%. Staples declined 15% after sales slid. Target net plunged 13%.
Aug 21, 2013 10:53 AM ET
Carlsberg net plunged 35%. Glanbia profit slipped 5% but revenue climbed 12%. Heineken revenue grew 3% and net tumbled 17% to €639 million. Hikma profit surged 82%. Lloyds sell its German insurance business to Cinven Partners and Hannover Ruck for £255.1 million in cash.
Aug 21, 2013 10:33 AM ET
Fortis Healthcare sold its remaining stake in Vietnam based hospital for $80 million. IOB plans to raise approx $500 million before end of the year. Mysore Paper loss widened.
Aug 20, 2013 1:35 PM ET
U.S. stocks extended gains after retailers reported better than expected earnings. Best Buy, Home Depot and TJX reported stronger than expected quarterly results. J.C. Penney reported larger loss and sales in the quarter fell 12%. Emerging and Asian markets extended losses.
Aug 20, 2013 11:52 AM ET
Volatile Nikkei index in Tokyo dropped 2.6% and Japan posted its thirteenth monthly trade deficit in a row as trade gap doubles from a year ago month in July to 1 trillion yen. Emerging markets linked stocks declined.
Aug 20, 2013 11:11 AM ET
Australian indexes closed lower and consumer staples, resource and banking stocks led the decliners. Reserve Bank of Australia left the door open for a rate cut at the next meeting. BHP Billiton said annual net declined 30% to $10.9 billion. NAB third-quarter net increased to $1.7 billion.