Jul 09, 2015 9:44 AM ET
Essar Oil plans to sell its 49.9% stake in its Vadinar refinery to Russia-based Rosneft. Eros International is in advanced talks to sell 10% stake in Eros Now.
Jul 08, 2015 1:53 PM ET
World markets and commodities extend losses as Chinese regulators fail to contain the deepening crisis of confidence in Shanghai. Crude oil dropped for the fifth day in a row and approached $51 a barrel in New York trading. In addition, all trading on the NYSE is halted for technical reasons.
Jul 08, 2015 1:36 PM ET
Nikkei average in Tokyo dropped 3% after a sustained plunge in Chinese stocks extended to commodities and currencies market with worldwide implications. In a preliminary estimate, exports in June for the first three weeks rose 10% and imports dropped 5.5%.
Jul 08, 2015 11:36 AM ET
Accenture agreed to acquire Hong Kong-based PacificLink. BB&T received Federal Reserve approval to acquire Susquehanna Bancshares. Container Store net loss widened. Chase Corp net soared 13%. VMware affirmed revenues and earnings forecast.
Jul 08, 2015 11:07 AM ET
Australian indexes dropped 2% after Chinese sell-off extended losses to more than 30% in the last four weeks. Iron ore, coal, copper and crude oil prices declined to new lows in 2015.
Jul 08, 2015 10:50 AM ET
Greece formally requested a bailout but the proposal lacked details on reforms as banks are expected to run out of cash as early as tomorrow. CropEnergies said net surged seven-fold but bioethanol maker lowered fiscal revenues outlook. Daejan profit jumped 49% to £223 mn. Micro Focus net fell 38%.
Jul 08, 2015 10:41 AM ET
Sensex in Mumbai declined following an Asia-wide sell-off after the Shanghai index plunged 7%. NMDC plans to establish three-million-tons-a- year steel plant in Karnataka. Saavn to raise $100 million as the music streaming service ramps up marketing.
Jul 07, 2015 1:47 PM ET
Crude oil, natural gas, coal and copper trade at 2015-low after Chinese stocks extended losses in the third week. The ongoing turmoil in the euro zone also weighed on the world market sentiment. Asian investors worry that European bias is propping up the euro.
Jul 07, 2015 12:40 PM ET
Advanced Micro Devices tumbled on weak revenues outlook. Schulman net swung to a loss and lowered earnings forecast. Euronet agreed to acquire XE. Horizon Pharma propose to acquire Depomed for $3 billion.
Jul 07, 2015 11:18 AM ET
Reliance plans to sell 3.1% stake in Network18. IRB Infra won an order worth ₹2,650 crore or $400 million from the National Highways Authority of India. Sterlite Tech secured an order of $1.1 in defence sector.