Nov 21, 2014 9:19 AM ET
Australian market indexes extended weekly drop to 2.7% after the iron ore price dropped below $71 a ton. Australian dollar struggled but energy companies advanced after the crude oil futures gained more than 1%.
Nov 21, 2014 8:53 AM ET
JM Financial received an investment of Rs 540 crore. Kotak Mahindra agreed to acquire ING Vysya for $2.5 billion. L&T and Japan-based Sojitz won railway electrification contract worth Rs 2,633 crore. Tech Mahindra acquire U.S.-based LCC for $240 million.
Nov 20, 2014 4:20 PM ET
Market indexes on Wall Street recovered from early doldrums after investors shifted focus from Europe and China to U.S. economic data. Initial claims of jobless stayed below 300,000 for the tenth week in a row. Sale of existing homes increased 1.5% in October.
Nov 20, 2014 12:36 PM ET
Buckle reported net flat. Best Buy net nearly double on 2.2% increase in comparable sales. Brady net plunged 43%. Cyberonics net climbed 25% on 5% increase in revenues. Dollar Tree profit rose 6%. Donaldson net climbed 9%. L Brands profit surged 42%. Salesforce net loss narrowed.
Nov 20, 2014 12:15 PM ET
Babcock Intl net surged 25% to £118 million on 23% increase in revenues. Centrica lowered fiscal adjusted earnings outlook. Johnson Matthey profit slid 0.4% to £172.8 million but increased dividend by 9%. ThyssenKrupp net swung to profit to €210 million after sales jumped 7%.
Nov 20, 2014 10:24 AM ET
Australian market indexes declined on the persistent weakness in the iron ore price. Commodities and base metals fell dragging lower the smaller mining companies. Australian dollar weakened to 85.91 U.S. cents.
Nov 20, 2014 9:15 AM ET
Alok Industries sold a land parcel for Rs 2,000 crore and use proceeds to reduce debt. IL&FS won two contracts worth Rs 239.6 crore from Paschimanchal Vidhyut Vitran Nigam. Kotak Mahindra quarterly net soared 23%. NTPC plans to set up 2,400 megawatt thermal power plant in Odisha.
Nov 19, 2014 4:41 PM ET
Market indexes on Wall Street traded sideways after the Fed released latest minute of meeting. Majority of Fed policy makers held positive view on the steady economic expansion and felt that the current weakness in the international economies will have limited impact on the domestic growth outlook.
Nov 19, 2014 4:24 PM ET
Stocks in Japan and the Nikkei and Topix index advanced and the yen edged lower. Investors pinned hope on the new round of economic stimulus but the Bank of Japan and government struggle to increase aggregate domestic demand.
Nov 19, 2014 3:38 PM ET
Australian market indexes accelerated decline in the afternoon and smaller resource companies led the losers. The Aussie dollar traded down however a private survey indicated positive outlook on the economic growth.