Sep 05, 2014 9:35 AM ET
JSW Steel crude steel production in August surged 13%. Infosys was selected by the BP Plc to software provide application support and development. L&T won order worth Rs 5,100 crore from the Madhya Pradesh. Tech Mahindra secured contract from Bombardier.
Sep 05, 2014 9:50 AM ET
Japanese stocks closed lower and the reference index Topix struggled to wipe out losses of the year as the yen dropped to a four-year low. Finance Minister Taro Aso said a back plan for stimulus will be prepared to smooth over the April sales tax increase.
Sep 05, 2014 9:03 AM ET
Australian stocks extended weekly losses as iron ore prices hit five-year low and thermal coal drops to a four-year low. Sustained decline in Chinese property market is causing several traders to liquidate inventories in Shanghai. Smaller Australian mining companies are struggling to contain costs.
Sep 04, 2014 2:06 PM ET
Market indexes in New York and across Europe traded higher after the European Central Bank unexpectedly cut interest rate and signaled willingness to purchase €700 billion of sovereign bonds. BP PLC may face additional liabilities in billions of dollars after it was found to be liable for oil spill.
Sep 04, 2014 12:39 PM ET
Ciena net swung to profit on 12% revenue increase. Joy Global net tumbled 61% and sales plunged 34%. Mattress Firm net rose and agreed to acquire private rival Sleep Train chain for $425 million. PVH net swung to profit. UTi Worldwide soared despite loss widened.
Sep 04, 2014 11:49 AM ET
Stocks in Japan eased and the yen pared gains after the Bank of Japan reaffirmed its pledge to expand monetary base at an annual pace between $600 billion and $700 billion. Expectations of GPIF overhaul increased after the appointment of reform minded Shiozaki as the new minister.
Sep 04, 2014 11:44 AM ET
Bilfinger plunged after revised lowered outlook for third time in three months. Go-Ahead profit surged 55% to £78 million. Immofinanz offer bonds worth €375 million. Parmalat agreed to acquire 11 dairy plants of BRF for €610 million. Standard Life sold its Canadian business for £2.2 billion.
Sep 04, 2014 10:32 AM ET
Australian indexes declined nearly 0.5% and the Aussie dollar eased despite a positive retail sales report. Trade deficit in July shrank more than expected to $1.36 billion and retail sales in the month rose 0.4%, ahead of expectations.
Sep 04, 2014 9:27 AM ET
Balkrishna Ind net jumped 13% and net sales surged 17%. DCM net swung to a loss but revenue climbed 8%. Mysore Paper Mills dropped after net loss widened. Punjab National Bank raised Rs 500 crore through a bond offering. United Spirits fell after net swung to a big loss.
Sep 03, 2014 12:39 PM ET
Compuware to acquired Thoma Bravo for $2.5 billion. CVS Caremark stops selling cigarettes from today. Chrysler leads U.S. auto sales in August with the surge of 20%, Ford sales rose 0.4% and GM sales fell 1%. Toyota sales jumped 6%.