Aug 18, 2014 11:16 AM ET
Stocks in Tokyo closed higher for the fourth day in a row and resource linked stocks gained. Chugai Pharmaceuticals soared 15% on the speculation the Roche Holding may make a bid for the rest of the stake in the company. Geopolitical risks continued to weigh on markets in Tokyo and Asia.
Aug 18, 2014 10:09 AM ET
Bovis Homes profit soared 168% to £39 million. Clarkson net jumped 61% after sales climbed 25% to £112 million. Nationwide Building profit surged 141% to £253 million. Telecom Italia plans to offer up to €7 billion to acquire Vivendi''s Brazilian unit GVT.
Aug 18, 2014 9:06 AM ET
Australian market indexes closed higher and the Aussie dollar closed above 93 U.S. cents. Abacus Property in partnership with KKR acquired towers in World Trade Center in Melbourne. National Australian Bank quarterly net increased 7% to $1.6 billion on 1% decline in revenues.
Aug 18, 2014 9:09 AM ET
Alok Ind net climbed 32%. Cipla net declined 39%. Lanco Infratech net loss narrowed. RCom net soared 21% and RCapital profit jumped 23%. SpiceJet net swung to loss. Supreme Infra net plunged 48% after revenue dropped 14%. Whirlpool net and revenue surged.
Aug 15, 2014 7:04 PM ET
U.S. stocks erased losses in the session and markets in Europe registered best weekly gain in the year so far. S&P 500 index in the week gained 1.2% and the Nasdaq Composite advanced 2.2%. Retailer faced another day of sell off after weak results from Nordstrom, JC Penny and Dillard’s.
Aug 15, 2014 2:09 PM ET
Markets across Europe register best weekly gain in 2014 after investors returned to add stocks on hopes of receding tensions between Russia and Europe. However, most nations struggled to expand economy in the second quarter and the much expected recovery is likely to be delayed several quarters.
Aug 15, 2014 1:05 PM ET
Applied Materials net soared 79%. Agilent Technologies net declined 13% but revenue climbed 7%. Dillard''s net dropped 6%. Estee Lauder profit surged 174%. J C Penney net loss narrowed. Coca-Cola acquired 17% stake in Monster Beverage. Nordstrom net slid.
Aug 15, 2014 12:23 PM ET
Alpha Pyrenees net loss widened to £10 million. BHP Billiton plans to spin off non-core assets to simplify the portfolio. Carillion dropped after Balfour Beatty again rejected second merger proposal. H & M Hennes sales in July soared 17%.
Aug 15, 2014 9:48 AM ET
Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.
Aug 15, 2014 9:49 AM ET
Australian market indexes gained 0.3% and extended weekly advance to 2.4%. ANZ Banking Group said nine-month cash profit increased 8% to $5.2 billion and the bank said it is on track to meet its annual earnings outlook. James Hardie plunged 7% after quarterly net dropped 80%.