Dec 21, 2015 10:12 AM ET
European markets advanced and Brent oil dropped to an 11-year low. Markets were under pressure after ruling party failed to garner election win as expected. TeliaSonera agreed to sell its 60.4% stake in the Nepal-based Ncell to Axiata for $1.03 billion.
Dec 21, 2015 11:35 AM ET
Sensex in Mumbai closed higher on a rebound in financial and infrastructure stocks. IDBI Bank plans to sell its 20% stake in life insurance joint venture with Federated Bank and Belgium-based Ageas. Jubilant Life Sciences won an approval to sell more stake to foreign investors.
Dec 21, 2015 7:43 AM ET
ASX 200 closed little changed after gains in mining and finance offset losses in healthcare. Telstra moved closer to signing a $1.5 billion deal with NBN. James Packer of Crown Resorts resigned. Westfield completed the sale of five shopping malls for about $1.1 billion.
Dec 21, 2015 6:45 AM ET
The Nikkei 225 average extended Friday losses after oil prices continued to dip and Toshiba sharply escalated its estimate of fiscal year losses. Domestic supermarket sales in November declined 1%. Osaka Gas plans to withdraw from its thermal power project with Marubeni Corp.
Dec 18, 2015 11:59 AM ET
S&P 500 index declined nearly 1% and for the week trimmed gains to 0.5% and extended 2015 loss to 1.8%. The widely followed index was down on the ongoing weakness in energy and industrial sectors.
Dec 18, 2015 11:21 AM ET
Bristol-Myers agreed to sell its investigational HIV medicines for $1.5 billion to GlaxoSmithKline unit. AAR net tumbled 47%. BlackBerry net swung to a loss. CarMax profit fell 4%. Darden Restaurants net swung to profit. Lennar net soared 15%. Red Hat net slid 2%.
Dec 18, 2015 11:06 AM ET
European markets retreated on Friday after strong gains earlier in the week. GlaxoSmithKline agreed to acquire H.I.V. treatments drugs from Bristol-Myers Squibb for $1.5 billion. Intertek Group acquires FIT Italia.
Dec 18, 2015 9:16 AM ET
ASX 200 was little changed on Friday but closed 1.4% higher for the week. A2 Milk surged 29% after the infant dairy powder maker lifted revenues and operating profit forecast. Investa Office and Dexus Property Group merger will create the largest office trust in Australia.
Dec 18, 2015 7:46 AM ET
The Nikkei 225 average declined 1.9% today and fell 1.3% in the week. The Bank of Japan kept its monetary stimulus unchanged and proposed a new ETF purchase program. Kumiai Chemical net soared 115%. Oracle Corporation Japan profit rose 3%.
Dec 18, 2015 7:07 AM ET
Sensex in Mumbai halted 4-day rally and pared weekly gains to 1.6%. Germany-based ERGO Insurance Group plans to increase its stake in insurance joint venture with HDFC to just below 49%.