Mar 19, 2014 12:44 PM ET
Australian stocks meandered in active trading and the market indexes closed higher. Australian dollar gained. Stockland acquired a strategic stake in Australand Property Group. David Jones earnings were weighed down on a weakness in its credit card unit.
Mar 19, 2014 12:43 PM ET
Stocks in Tokyo lacked direction in trading and the yen advanced slightly. Toyota is said to agree to a settlement of $1 billion with the U.S. regulator for its criminal probe. The automaker is still facing several investigations.
Mar 20, 2014 12:20 PM ET
Axis Bank said UTI will lower its stake and sell 4.22 crore shares. IDFC plans to raise $122.94 million for a debt fund. Mukand surged after promoters increased their stake. Mayur Uniquoters board approved to raise $11.4 million.
Mar 20, 2014 12:17 PM ET
Australian markets turned lower and the Aussie dollar eased after the prospects of interest rate increase in the U.S. rose after the Federal Reserve trimmed its bond purchase program. Myer Holdings reported interim earnings decline of 8%.
Mar 20, 2014 12:15 PM ET
Nikkei index in Tokyo dropped 1.6% on the prospect of rising interest rate in the U.S. Toyota agreed to settle U.S. Department of Justice probe for $1.25 billion and the total cost of sudden acceleration in vehicles inquiries increased to $3 billion.
Mar 20, 2014 12:10 PM ET
SKF agreed to pay €95 million to settle an EU automotive-parts cartel allegation. Cello Group net swung to profit. Lloyds agreed to sell European commercial real estate loans portfolio for €280 million. Munich Re intends to buy back shares worth €1 billion. Next profit soared 9%.
Mar 21, 2014 11:58 AM ET
AAR net plunged 23% on sales decline of 9%. Darden Restaurants profit dropped 18%. Endocyte surged after European Medicines Agency issued a positive opinion on cancer drug. Nike net tumbled 21% but revenue climbed. Tiffany net swung to loss.
Mar 20, 2014 12:00 PM ET
Cato tumbled after net and sales dropped and lowered its outlook. ConAgra surged 95% and sales climbed 15%. IHS climbed 31% as revenue surged 37%. Lennar profit jumped 36%. Scholastic net tumbled 40%.
Mar 21, 2014 11:46 AM ET
Bouygues revised its SFR bid to €13.15 billion. Balfour Beatty won contract a contract of £214 million to expand Dubai Mall. Havas net rose 2% to €128 million. Intu acquired three UK based retail centers for £868 million. Investec climbed 5%.
Mar 21, 2014 9:39 AM ET
Australian market indexes advanced in heavy trading and the Aussie dollar traded above 90 U.S. cents. Four largest Australian banks are leading the global capital raising plan of $7.2 billion to fund Roy Hill iron ore mining project. Metcash plunged 10%. Cochlear gained 3%.