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India to Lift Stake in IFCI, IDBI to Sell CARE Stake

Mukesh Buch
30 Dec, 2014
New York City

Cabinet in India approved to increase government''s stake to 51% from 47.93% in IFCI. IDBI Bank plans to sell its entire stake in CARE. Oil India established its 5 megawatt solar power plant in Rajasthan.

S&P 500 Index Extends to Record High, Green Heads for Snap Election

Nichole Harper
29 Dec, 2014
New York City

U.S. market indexes extended gains and the benchmark indexes closed at new highs. European markets were under pressure as Greece is heads for snap election.

Walgreen Shareholders Approve Remaining Alliance Boots Stake Purchase

Mukesh Buch
29 Dec, 2014
New York City

AMAG Pharma and Takeda Pharma terminate March 2010 license. FLIR Systems secured $27 million contract from the Department of Defense. Manitowoc surged after Carl Icahn acquired 7.77% stake. Walgreen investor voted for remaining stake of Alliance Boots.

Nikkei Turns Lower on Ebola Worries, Foreign Investors Grow Weary of Abenomics

Hiruki Nakamura
29 Dec, 2014
New York City

Stocks in Tokyo reversed earlier gains and closed down after a man was tested positive for Ebola virus. Japan Post confirmed its plan to list on the Tokyo Stock Exchange. International investors increase the exposure to Japanese stocks by the smallest amount in five years.

J D Wetherspoon Plans to Invest

Nigel Thomas
29 Dec, 2014
New York City

J D Wetherspoon plans to invest more than

Australian Indexes Extend Gains, RetireAustralia in $640 Million Deal

Marcus Jacob
29 Dec, 2014
New York City

Australian markets reacted positively to the rising world markets on Friday. Australian dollar edged lower following the persistent weakness in oil prices. Infratil Ltd and New Zealand pension fund agreed to acquire RetireAustralia for $640 million.

L&T Wins ONGC Contract, IOCL to invest $1.1 B in Gujarat

Mukesh Buch
29 Dec, 2014
New York City

IOCL plans to acquire land worth about Rs 6,800 crore to expand project in Gujarat. L&T secured a contract for about Rs 894 crore from ONGC. Power Grid Corp approved investments of Rs 6,575 crore in various projects.

Japan Struggles with Slowing Inflation Rate, Industrial Production Falls

Hiruki Nakamura
26 Dec, 2014
New York City

Inflation index slowed for the fourth month in a row and industrial production fell in November in Japan. Auto production also declined 12% in the month. Sumitomo Mitsui Financial Group agreed to acquire consumer banking business of Citigroup Inc in Japan.

Japan

Mukesh Buch
26 Dec, 2014
New York City

Alphageo (India) secured a contract from Oil India, Assam. BPCL plans to raise Rs 4,000 crore for the expansion of its Kochi refinery. Essar Oil buys 73.9% stake in Vadinar Power. Japan-based Sumitomo Mitsui Trust Bank takes 2.77% stake in Reliance Capital.

Japan Extends 4-day Rally, Japan Post to Schedule IPO in 2015

Hiruki Nakamura
24 Dec, 2014
New York City

Market indexes in Japan gained and financials and technology developer and exporters led the gainers. Japan Post is planning $5.8 billion public offering in third quarter of 2015.

Australian Indexes Advance Before Holidays

Marcus Jacob
24 Dec, 2014
New York City

Australian stocks gained following the advance in international markets and ahead of long holiday weekend. Crude oil and gold prices edged up in thin trading but resource stocks faced headwinds.

Keurig Green Recalls 7.2 M Machines, B&N to Split Nook

Mukesh Buch
24 Dec, 2014
New York City

Barnes & Noble agreed to buy back its Nook e-reader stake from Pearson and plans to split the business. Cal-Maine profit surged 40%. CalAmp net dropped 4%. Chesapeake Energy announced share-buyback plan for up to $1 billion. Keurig Green recalled 7.2 million brewing machines.

HeidelbergCement in Deal with Lone Star, Pearson Sell Nook Media Stake

Nigel Thomas
24 Dec, 2014
New York City

HeidelbergCement agreed to sell its brick and roof-tile business to Lone Star Funds for $1.4 billion. Pearson agreed to sell its stake in Nook Media to Barnes & Noble for $28 million. Smith & Nephew surged after Stryker plans to offer a substantial premium.

UltraTech to Buy Cement Plants from Jaiprakash Associates

Mukesh Buch
24 Dec, 2014
New York City

IOCL plans to invest Rs 6,800 crore to expand its Gujarat refinery unit. Neyveli Lignite plans to import coal worth Rs 14,375 crore for power project in UP. UltraTech Cement agreed to buy two cement plants worth Rs 5,400 crore from Jaiprakash Associates.

Dow and S&P Extend Gains, Oil Advances

Nichole Harper
23 Dec, 2014
New York City

Market indexes extended gains in the week, in the month and in the year after the U.S. revised third quarter economic growth rate to 5%. Tech stocks led the charge and retailers gained on the expectations of stronger-than-expected holiday sales.

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