Aug 26, 2015 8:32 AM ET
Sensex in Mumbai traded down in volatile trading and energy stocks and banks were in focus. Another day of wild swings in Shanghai put Asian markets on alert and casted doubt on Chinese economic strength.
Aug 26, 2015 8:20 AM ET
Nikkei average rebounded after a week of sustained selling following three four days of selling but volatility in Shanghai continued to drive the stock market trading sentiment around the world. The yen gained but crude oil drifted lower to a new six-year low.
Aug 25, 2015 2:06 PM ET
Market averages in the United States rebounded after a 3-day sell-off that saw the S&P 500 index correct more than 10%. The sentiment was bolstered after positive data on the housing market and China moved to lower rates and loosen bank reserves. European markets jumped more than 3%.
Aug 25, 2015 1:40 PM ET
Best Buy net advanced 12%. Children’s Place said net loss widened but retailer lifted fiscal earnings outlook. Daktronics net tumbled 56% on 10% decline in revenues. DSW profit soared 10%. Sanderson Farms net plunged 33%. Toll Brothers net plummeted 32%. Valspar net jumped 5%.
Aug 25, 2015 12:50 PM ET
Australian stocks braved higher despite the continued market sell-off in China and Japan. Resource and banking stocks led the gainers. BHP Billiton said quarterly net tumbled 86% and said oil and copper production to decline 6% in fiscal 2016.
Aug 25, 2015 2:07 PM ET
Nikkei deepened losses in the second week following large losses in world markets. However, markets in India and Korea rebounded but in Shanghai plunged again. Sony said it will offer commercial drone services from the next fiscal year. Toyota said it will suspend Prius hybrid production in Thailand
Aug 25, 2015 12:16 PM ET
Antofagasta profit more than doubled to $705.8 million but revenues plunged 31%. BHP Billiton net tumbled 86% and the miner lowered production outlook. Mitsubishi Electric agreed to acquire a majority stake in DeLClima. ICA Gruppen offered to increase its stake in Hemtex.
Aug 25, 2015 11:50 AM ET
Sensex in Mumbai rebounded in lock step with Asian markets bounce after four days of global decline. Adani signed an agreement with Chhattisgarh government to develop projects worth $4 billion. Netherlands-based Heineken NV plans to raises its stake 50% in United Breweries.
Aug 24, 2015 2:14 PM ET
Global markets extended losses in the second week and oil dropped to a new low in 2015. Volatile markets in New York saw wild price swings and markets indexes pared losses but market turmoil is likely to continue in the week.
Aug 24, 2015 1:49 PM ET
Nikkei average in Tokyo plunged 4.6% following Asia-wide correction for the second week in a row. The reference index has now fallen more than 10% from the 2015-high. Shanghai index plunged 8.4% and turned negative for the year.