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Carillion Offers

Nigel Thomas
12 Dec, 2014
New York City

Conwert Immobilien agreed to sell two portfolios to a Czech company for about

Reserve Bank of Australia Holds Out for Lower Aussie Dollar

Marcus Jacob
12 Dec, 2014
New York City

In volatile trading Australian market indexes plunged deep in red several times but at close managed to pare gains. Crude oil, iron ore, gold closed down at multi-year lows. Australian dollar declined to a 54-month low after RBA governor Glenn Stevens talked down the currency.

Tata Power to Explore Setting Plants with Russia Fund

Mukesh Buch
12 Dec, 2014
New York City

Alstom won an order worth 246.20 crore from MSETCL. IL&FS Eng received a contract worth Rs 464 crore from Saudi Binladin Group. Tata Power and Russian Direct Investment Fund agreed to explore setting up power plants in Russia.

S&P 500 Index Advances 1.2% on Retail Sales Jump of 0.7%

Nichole Harper
11 Dec, 2014
New York City

Stocks on Wall Street surged after better-than-expected increase in retail sales offered yet another confirmation of widening and improving economic activities. Retail sales rose 0.7%, weekly new claims of unemployment were below 300,000 and import price inflation was at a 2-year low on cheaper oil.

Ciena, Lululemon, Lowe's,Yum Brands Climb

Mukesh Buch
11 Dec, 2014
New York City

Ciena net loss widened after revenues barely rose 1%. Danaher reaffirmed fiscal outlook. Lululemon revenues rose 9% but net dropped by the same amount. Lowe''''s jumped on positive outlook. Methode Electronics net surged 31%. Yum! Brand profit guidance.

Nikkei in 2-day Slump, Nippon Telephone and Sosei in Focus

Hiruki Nakamura
11 Dec, 2014
New York City

Stocks in Tokyo closed lower and extended 2-day losses to more than 3% after investors worried about the impact of the sharp plunge in oil prices since July. Hair transplant service provider and wigs maker, Aderans Co Ltd said sales growth though brisk edged lower in November.

Inditex Sales Growth Accelerates; Supergroup, Whitbread Net Climb

Nigel Thomas
11 Dec, 2014
New York City

Inditex profit rose 1% to

Australian Jobless Rate at 12-year High, Stocks Decline

Marcus Jacob
11 Dec, 2014
New York City

Australian unemployment rate increased to a 12-year high as the job creation slows down and energy companies curtail investments. Santos Limited plunged 8% after the natural gas explorer announced 25% cut in 2015 exploration budget, following other energy companies.

M&M to Buy a Stake in Saab, ONGC Wins Oil Rights in New Zealand

Mukesh Buch
11 Dec, 2014
New York City

Government approved to close down EIL unit in Malaysia. M&M agreed to acquire a stake in Sweden-based Saab. NTPC signed two term loan agreements worth Rs 3,000 crore. ONGC won an offshore oil and gas exploration block in New Zealand.

Oil Drops 4% on 2015 Demand Outlook from OPEC, World Markets Slide

Nichole Harper
10 Dec, 2014
New York City

Stocks in New York and in Europe extended two-day losses after crude oil deepened losses on a weak outlook from the OPEC. The 12-member organization estimated world demand for its oil to drop to a 12-year low in 2015.

Belden to Acquire Tripwire; Costco, Toll Brothers Profit Surge

Mukesh Buch
10 Dec, 2014
New York City

Belden agreed to acquire Portland-based privately-held Tripwire for $710 million. Costco net soared 17% on 7% increase in revenues. Comverse net tumbled 96%. Ferrellgas net loss widened. Krispy Kreme profit climbed 19%. Korn-Ferry net soared 35.1%. Toll Brothers net surged 39%.

BG in

Nigel Thomas
10 Dec, 2014
New York City

Ashtead Group profit surged 27% to

Nikkei Halts Market Rally with 2.2% Plunge

Hiruki Nakamura
10 Dec, 2014
New York City

Market averages in Tokyo plunged 2.2% after investors reacted to the growing political turmoil in the euro zone. Greece is likely to delay its exit from the bailout and may not meet the terms set by the troika of international lenders. Skymark and ANA may enter into a code share alliance.

Australian Home Loans Rises 0.3%, Banks Lead Indexes Lower on Greek Turmoil

Marcus Jacob
10 Dec, 2014
New York City

Australian market indexes opened lower on a weakness in banks and resource sector after Greek political turmoil lowered market indexes in Europe. Seasonally adjusted new home loans in Australia increased 0.3% to nearly 52,000 in October.

RCapital Sell Stake in Yatra.com, Cipla Sells Stake in Jiangsu

Mukesh Buch
10 Dec, 2014
New York City

BHEL plans to set up a solar photo-voltaic unit in Maharashtra. Cipla sold 48% stake in Jiangsu and RCapital sold 16% stake in Yatra.com. Tata Power acquired Ideal Energy Projects in Maharashtra. RIL and Chinese firm are in a textile joint venture.

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