Mar 05, 2014 10:17 AM ET
Indexes in Japan traded higher for the second day in a row and the yen eased after investors hoped tensions between Russia and Ukraine will ease. Fast Retailing saw its stock listing soared 7% on the first day in Hong Kong. Bank of Japan said monetary base expanded at a record 1.9% in February.
Mar 05, 2014 9:43 AM ET
Autoline Industries is looking to sell its U.S. subsidiary. Alstom won contract worth € 85 million from BHEL. Glaxo plunged ahead of closure of acquisition offer today. PNB sold its entire stake of CIB India to TransUnion Intl. UPL increased its stake in Brazilian firm.
Mar 05, 2014 9:41 AM ET
Australian market indexes closed at a new five-and-a-half year high after December quarter growth was ahead of expectations and hopes of tensions easing in Ukraine. Iron ore miners were in focus on the expectations of a revival in merger deals.
Mar 04, 2014 12:49 PM ET
U.S. and global market indexes rebounded on the hopes of easing tensions in Ukraine. At least for now Russia appears to be not prepared to increase military strength. Gold and crude oil futures eased. RadioShack plans to close as many as 1,100 or 20% of its stores.
Mar 04, 2014 12:06 PM ET
AutoZone net jumped 9% and sales climbed 10%. Bank of Nova Scotia net profit and revenue increased. E. W. Scripps net plunged 71%. Hilltop net and interest income surged. MBIA net tumbled 79%.
Mar 04, 2014 11:39 AM ET
Beiersdorf profit climbed 12% to €537 million and sales rose 2%. Daimler February sales grew 4%. Premier Foods said yearly net loss widened to £246 million and the company plans to raise £828 million. Serco profit soared 64% to £95 million.
Mar 04, 2014 10:53 AM ET
Market sentiment in Asia and in Japan recovered and the Nikkei and Topix indexes added 0.5% and the yen eased 0.4% to drop below 102 against one U.S. dollar. Real estate companies led the gainers. Human error in Osaka trading halted Nikkei 225 futures for more than 20 minutes.
Mar 04, 2014 9:44 AM ET
Reserve Bank of Australia left its key lending rate at record low 2.5% for the sixth month in a row. Governor Glenn Stevens also renewed his campaign to lower the Aussie dollar. Government agreed to amend legislation to split Qantas into two carriers.
Mar 04, 2014 9:34 AM ET
Ashok Leyland February sales declined 21%. Bharti Airtel seek to acquire telecom licences and subscribers of Essar Telecom Kenya for $100 million. GMR won rail line projects worth Rs 267 crore in Uttar Pradesh. HCC secured Rs 903 crore order from Karnataka.
Mar 03, 2014 12:47 PM ET
U.S. indexes extended world markets sell off after tensions in Ukraine escalated and Russia took steps to increase its military strength in Crimea. Markets in Germany fell 3%, in Poland declined 4.5% and in Russia plunged 11%. Crude oil and gold added 2%.