Feb 21, 2014 2:04 AM ET
Australian market indexes reached a six-year intra-day high in active trading worth $5 billion. Aussie dollar was the focus as banks estimate a sharp decline in the currency. Billabong reported a smaller loss. Crown Resorts said its Macau venture reported record results.
Feb 21, 2014 10:05 AM ET
AXA net soared 14% to €4.5 billion. Elekta said net sales rose 1%. Kering profit tumbled 52% and net debt surged 38% to €3.4 billion. Monitise quarterly loss narrowed. Valeo profit surged 18% to €439 million and net debt in the year declined 52%.
Feb 21, 2014 9:59 AM ET
Bharti Airtel expected to face $3 billion charge in Nigeria. HCL denied that founder is seeking to sell his $10 billion stake. IL&FS secured a road project worth $216.7 million in Spain. Shree Renuka tumbled after Singapore based Wilmar to acquire 27.5% stake for $200 million.
Feb 20, 2014 12:45 PM ET
Actavis net swung to a loss but revenue soared 59%. DirecTV net declined 14%. Hormel Foods profit soared 18%. Marriott net tumbled 17%. Tesla Motors net loss narrowed. Wal-Mart net plunged 21%.
Feb 20, 2014 11:50 AM ET
U.S market indexes kept upward bias and investors focused on international markets and domestic earnings. Wal-Mart earnings declined for the fourth quarter in a row and the company blamed harsh weather and cut in food stamps.
Feb 20, 2014 10:12 AM ET
Aegon net tumbled 60%. Air France-KLM said loss in the quarter widened to €1.2 billion and plans to buy Brazil-based low-cost airline Gol Linhas and invest $100 million. Accor net swings to a profit. Danone net declined 13%. Randstad profit surged to €231million.
Feb 20, 2014 9:33 AM ET
Nikkei declined 2% after Japan reported 19th monthly trade deficit in a row on a surge energy imports. Weakening growth outlook in China also dragged market sentiment in Tokyo and Asia. Asahi Group estimated a fall in earnings on the impending rise in sales tax.
Feb 20, 2014 8:36 AM ET
Australian market indexes trimmed the gains after a private survey in China suggested slowing manufacturing industry growth and moderate business conditions. Australian dollar eased. Fairfax Media soared 23% on earnings. Amalgamated Holdings Net fell 2%.
Feb 20, 2014 8:02 AM ET
Esab India net declined 33% and sales dropped 11%. Mahindra & Mahindra lowered vehicle prices. Nagarjuna Agrichem net loss widened but sales jumped 22%. Thomas Cook profit plunged 27%.
Feb 20, 2014 10:14 AM ET
Facebbok agreed to acquire fast growing Internet based messaging service WhatsApp for $19 billion. The expensive purchase works out to be $40 per active user. The acquisition is the largest by Facebook so far and follows the Instagram purchase for $1 billion.