Aug 25, 2014 10:32 AM ET
European markets closed higher after European Central Bank President Mario Draghi signalled more quantitative easing steps and France overhauled cabinet after the government collapsed.
Aug 25, 2014 9:15 AM ET
Alstom T&D India secured a contract worth €400 million from Power Grid Corporation of India. Ashoka Buildcon won projects worth Rs 863.3 crore from Bihar Power Distribution. Jindal Steel plunged 14% after Supreme Court ruled coal block allocation since 1993 illegal.
Aug 25, 2014 9:12 AM ET
Market indexes in Tokyo extended two-week gains and the Topix index is close to erasing its loss in the year-so-far. Chugai Pharma dropped 9% after Roche decided not to bid for the remaining 40% stake. Press Kogyo reported better than expected sales.
Aug 25, 2014 8:53 AM ET
Australian indexes turned lower from six-year highs and the Aussie dollar closed at a new yearly high against the euro. Resource stocks were lower after iron ore prices declined to a two-month low and Moody’s lowered its view on Western Australian debt.
Aug 22, 2014 5:29 PM ET
Stocks on Wall Street advanced and the S&P 500 index is set to gain the most since April. Dynegy agreed to acquire 12,500 megawatts of coal and gas power plants for more than $6 billion.
Aug 22, 2014 12:07 PM ET
Dynegy agreed to acquire coal and gas assets from Duke Energy and Energy Capital Partners for $6.3 billion. Foot Locker net soared 39%. Gap profit jumped 10%. Hibbett Sports net plunged 20%. Nordson fell 2%. Ross Stores net soared 12%. Salesforce.com net swung to a loss.
Aug 22, 2014 11:44 AM ET
Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of £288 million. LSE plans to raise £938 million to fund the purchase of Frank Russell. RSA Insurance agreed to sell its Singapore and Hong Kong operations for £130 million. Vodafone acquired 72.7% stake in Hellas Online.
Aug 22, 2014 10:46 AM ET
Stocks in Tokyo closed lower and for the week the Nikkei index gained 1.5%. The yen weakened and construction companies led the market decline. The yen registered the largest weekly loss since March.
Aug 22, 2014 10:12 AM ET
Australian indexes extended gains by 0.1% and gained 1.4% in the week on better than expected domestic earnings. In the coming week, Qantas Airways, Woolworths and WorleyParsons are scheduled to release earnings.
Aug 22, 2014 9:18 AM ET
Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.