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Emerging Market Currencies Volatility Drags Rupee to New Low

Mukesh Buch
19 Dec, 2014
New York City

IVRCL sold its stake in Chennai desalination plant worth Rs 110 crore to Dubai-based Utico FZC. Jyoti Structures won several domestic and export contracts. Jindal Steel raised Rs 1,000 crore through debenture. Petron Eng won twin orders worth Rs 24 crore.

U.S. Leads Global Markets Rally

Nichole Harper
18 Dec, 2014
New York City

Stock markets around the world extended gains for the second day in a row after the Fed showed a patient approach to the rate increase and lowered inflation and jobless estimates. European markets soared between 2% and 3%. Gold and oil traded with downward bias.

Accenture, Rite Aid Climb; ConAgra, Scholastic Drop

Mukesh Buch
18 Dec, 2014
New York City

Accenture net soared 11% on 7% increase in revenues. Actuant net declined 31%. ACE agreed to acquire the U.S.-based Fireman''''s Fund from Allianz SE for $365 million. ConAgra profit tumbled 96% and sales dropped 2%. Rite Aid net surged 47%. Scholastic net soared 18%.

Xavier Niel Agrees to Acquire Orange Switzerland for $2.9 B

Nigel Thomas
18 Dec, 2014
New York City

Fortune Oil agreed to acquire by Fortune Dynasty Holdings for

Australian Dollar Falls at New 4-year Low on Fed Outlook

Marcus Jacob
18 Dec, 2014
New York City

Stocks in Australia closed higher following a rebound in Asian markets after the U.S. Fed left its key rate unchanged showed patience towards rate hike in 2015. Lovisa Holdings completed its $2 a share initial public offering and said annual sales rose 30%.

Nikkei Shots Up 2.3% Following U.S. Fed Rate Decision

Hiruki Nakamura
18 Dec, 2014
New York City

Stocks in Japan shot up following a surge in U.S. market indexes after the Fed appeared to be in no hurry to advance rate hike schedule in 2015. Adventure, the online air ticket site operator, soared 87% on debut. Dairei Co and Gumi closed below initial public offering prices.

General Mills, Herman Miller, Worthington Jump; FedEx Declines

Mukesh Buch
17 Dec, 2014
New York City

FedEx net soared 23% on 5% increase in revenues. General Mills net declined 37%. Herman Miller net swung to profit. Jabil Circuit profit tumbled 39% despite revenues climbed 5%. Oracle net dropped 2%.Worthington Ind net jumped 28%.

Dixons Loss Widens, Evraz Suspend Public Offerings

Nigel Thomas
17 Dec, 2014
New York City

Dixons Carphone net loss widened despite revenues surged nearly three-fold. Evraz delayed initial public offering of its North American unit.

Canada Pension Takes Stake in L&T Infra

Mukesh Buch
18 Dec, 2014
New York City

Godrej Ind sold stake in Godrej Properties and raised Rs 75 crore. IOCL started refinery of 15 million metric ton per year capacity in Odisha. L&T and Canada Pension Plan Investment Board invested Rs 1,000 crore in subsidiary of L&T.

Patient Fed Softened Views on Rate Hike Schedule, Stocks Soar

Devan Biswas
17 Dec, 2014
New York City

Federal Reserve at the end of its two-day meeting lowered its assessment of jobless rate and inflation next year and softened its tone towards the rate hike in 2015.

U.S. to End Five-decade Old Cuba Isolation

Nichole Harper
17 Dec, 2014
New York City

President Barack Obama at a White House briefing this afternoon announced the end of diplomatic isolation of Cuba in place since 1961.

U.S. CPI Falls 0.3%, Stocks on Wall Street Advance

Nichole Harper
17 Dec, 2014
New York City

U.S. stocks on Wall Street traded higher after the latest decline in CPI was larger than expected. The fifth monthly only price decline drove the fall in the reported measure of inflation that many believe understates the inflation. U.S. lifted diplomatic sanctions on Cuba after five decades.

Nikkei in Japan on Stable Footing, Japan Tobacco Drops 7%

Hiruki Nakamura
17 Dec, 2014
New York City

Stocks in Japan and in Asia stabilized but Nikkie index lacked direction. The yen gained a fraction and oil and gold closed up. Japan Tobacco plunged more than 7% on the worries of Russia sales and a possible increase domestic tax.

Aussie Dollar at New 4-1/2-year Low, OhhMedia, LatAm, 8I List Shares

Marcus Jacob
17 Dec, 2014
New York City

Australian stocks rebounded after a string of losses in last five days of trading. Aussie dollar dropped to a new four-and-half year low. Santos Limited agreed to sell assets and reduce debt burden. 8I Holdings, Ohh Media and LatAm completed initial public offering.

Jagran to Buy Music Broadcast, SpiceJet Seeks Bank Help

Mukesh Buch
17 Dec, 2014
New York City

Alstom secured an order worth Rs 151 crore from Rajasthan. Jagran Prakashan plans to buy Music Broadcast Pvt. Ltd. for about Rs 500 crore. SpiceJet may request Indian banks or financial institutions to extend its loans for Rs 600 crore.

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