Aug 13, 2015 12:48 PM ET
Nikkei average in Tokyo rebounded and the yen retained a downward bias as Asian currencies extended losses to the third day after China devalued yuan. Core machine orders in June plunged nearly 8% in Japan compared to 0.6% increase in May. McDonald’s same store sales in first-half plunged 28%.
Aug 13, 2015 12:26 PM ET
Australian market indexes rebounded at the opening after better than expected annual results from CSL, Mirvac, Sirtex and Tabcorp. Whitehaven Coal returned to modest profit in the second-half. Goodman Group annual operating net increased 9%.
Aug 13, 2015 10:14 AM ET
Oil & Natural Gas Corp said quarterly profit jumped 14% on 4% increase in revenues. Abbott India net soared 34%. Aurobindo net rose 4%. Nalco net plunged 40%. Coal India net fell 7%. RInfra net slipped 12% but revenues rose 5%. Tata Power net swung to profit.
Aug 13, 2015 9:58 AM ET
AP Moeller profit tumbled 23% to $2.6 billion and announced a share buy-back of $1 billion. Glencore said it plans to write down $790 million of its oil assets in Chad. Nestle net dropped 2% to 4.5 billion francs after a product recall in India. Salzgitter and TUI net swung to profit.
Aug 12, 2015 5:41 PM ET
World currency markets were roiled after China let yuan slide for the second day in a row. Currencies in India, Australia, New Zealand, Indonesia and Malaysia hit multi-year lows. Indexes on Wall Street swung wildly but managed to trim losses of the day at close.
Aug 12, 2015 3:04 AM ET
GE agreed to sell its healthcare financial services business to Capital One for $8.50 billion. Alibaba revenues growth slowed on rising mobile devices traffic with lower yields. Cree net swung to a loss. Fossil net jumped 4% but sales fell 4%. Macy''''s net plunged 26%. Wayfair net loss narrowed.
Aug 12, 2015 10:54 AM ET
Balfour Beatty net loss widened. Centamin net surged 66%. E.ON net soared 40% to €1.2 billion. Henkel profit climbed 12% to €1 billion on 13% jump in revenues. Pearson agreed to sell 50% stake in the Economist Group to Exor for £469 million.
Aug 12, 2015 9:27 AM ET
Australian market indexes declined for the second day and Aussie dollar firmed up after China devalued the yuan. Commonwealth Bank said quarterly net rose 5% and launched rights issue of A$5 billion.
Aug 12, 2015 9:20 AM ET
Nikkei average dropped for the second day in Asia-wide correction following the 2% yuan devaluation. Industrial production in Japan rose 1.1% in June and shipment increased 0.6% form the last month. Online real estate information provider Next Co. said quarterly revenues soared 42%.
Aug 12, 2015 9:05 AM ET
Sun Pharma said quarterly profit plunged 60% but Cadila Healthcare surged 47%. Aditya Birla net soared 50%. Ashok Leyland net swung to profit. IDBI Bank net climbed 27%. NMDC profit declined 47%.