Sep 29, 2015 11:16 AM ET
The Reserve Bank of India lowered its reference rate as anticipated but consumer price inflation in India remains elevated despite the deepening wholesale price deflation. Shree Renuka said its Brazilian unit acquired five years ago in debt-financed deals filed for bankruptcy protection.
Sep 29, 2015 10:48 AM ET
Axel Springer agreed to acquire 88% stake in the U.S.-based online financial news aggregator Business Insider. Alma Media issue tender offer for Talentum. Metso forecasted net sales for the year up to €3.2 billion. Wolseley profit tumbled 58% and announced share buyback plan for as much as £300 mn.
Sep 28, 2015 4:03 PM ET
Indexes on Wall Street plunged as much as nearly 3% after rattled investors took the latest decline in profit at Chinese industrial companies an opportunity to sell stocks. U.S. pending home sales index declined 1.4% in August. Healthcare stocks lead the decliners as politician toughen rhetoric.
Sep 28, 2015 3:38 PM ET
In thin trading, Australian market indexes closed higher despite the weakness in iron ore spot market. Banks led the rally in the benchmark index. Metcash was in focus on the expectation of a turnaround plan tomorrow.
Sep 28, 2015 3:10 AM ET
Nikkei average in Tokyo dropped 1.3% and the yen traded above 120-mark against the U.S. dollar. Suzuki Motor agreed to sell its 1.5% stake in Volkswagen AG to Porsche Automobil SE. Asahi Co soared 7% after profit jumped 22% in the first-half.
Sep 28, 2015 1:02 PM ET
Alcoa will split into two publicly traded companies. Apple sold more than 13 million iPhone 6 versions in three days of launch. Cypress Semiconductor plans to acquire Atmel for $4.6 billion. Comcast will acquire 51% stake in Universal Studios Japan theme park.
Sep 28, 2015 12:43 PM ET
Anheuser Busch intends to offer $106 billion to the U.K.-based rival SABMiller. BASF launched new cost-cutting program. UniCredit agreed to divest its non-performing loans business for about €1.2 billion.
Sep 28, 2015 7:34 AM ET
Stocks in Mumbai were on the defensive ahead of the economic policy meeting tomorrow. Central and state government agencies award more highway construction contracts. Petronet LNG prepares for $160 million bond offering. Fertilizer stocks soar.
Sep 25, 2015 9:51 AM ET
European antitrust regulators are expected to decide on the merger between two data center operators TeleCity and Equinix for €2.4 billion. Lone Star revised offer higher to acquire Quintain Estates for £745 million. Repsol sells its 10% stake in oil storage firm to Ardian.
Sep 25, 2015 8:55 AM ET
BlackBerry net swung to profit but revenues tumbled. Bed Bath & Beyond lowered earnings outlook. Cintas profit slumped 9% while revenues soared 9%. Finish Line net fell. Jabil Circuit revenues jumped 15%. Nike profit surged 23%.