ticker

E.ON Sells Assets to Cut Debt, Vivendi Finalizes SFR Deal for

Nigel Thomas
28 Nov, 2014
New York City

Axa agreed to acquire Assur Africa for

Australian Indexes Plunge After OPEC Decision

Marcus Jacob
28 Nov, 2014
New York City

Australian market indexes opened lower and the crude oil prices plunged below $70 a barrel after the OPEC member nations left the oil production level unchanged. Qantas Airways surged and the airline announced investment in Jetstar Japan.

Just Dial Seeks Investors, Alstom T&D Awarded Sri Lanka Contract

Mukesh Buch
28 Nov, 2014
New York City

Alstom won a contract from Ceylon Electricity Board, Sri Lanka. ITC plans to invest about Rs 9,000 crore to expand its hotel chain. Taneja Aerospace signed a contract with Indian Air Force to upgrade MIG 29 aircrafts.

Japan Indexes Drop Second Day, Yakult Plunges 6%

Hiruki Nakamura
27 Nov, 2014
New York City

Market indexes in Tokyo closed lower and the yen struggled to hold firm after two weeks of weakness. Resource and oil exploration companies were in focus after the OPEC members disagreed to cut oil production. Yakult Honsha dropped 6% after the France-based Danone plans to sell its 20% stake.

Decline in Crude Oil and Iron Ore Hover Australian Stocks

Marcus Jacob
27 Nov, 2014
New York City

Australian market indexes wiped out most of the gains in the session and the Aussie dollar retained its downward bias. Price of crude oil and iron ore edged lower. Lend Lease agreed with the Sydney development authority to develop two sites at a cost of $1.9 billion.

BOB Plans Bond Offering, Puravankara in Pune Development Venture

Mukesh Buch
27 Nov, 2014
New York City

Bank of Baroda plans to raise about Rs 1,500 crore through a convertible bond offering. CG

Infineon Net Surges 27%, Stagecoach Wins Rail Franchise

Nigel Thomas
27 Nov, 2014
New York City

Infineon net soared 27% to

U.S. Capital Goods Orders Fall, New Home Sales Rises

Nichole Harper
26 Nov, 2014
New York City

In stock trading, market averages lacked direction ahead of OPEC meeting tomorrow. Dollar fell, stocks generally rose and crude oil futures traded at a four-year low. U.S. jobless claims unexpectedly rose and capital goods orders fell. New home sales rose in October.

Topix Ends Five-day Rally in Japan, Weak Oil Drags Explorers in Asia

Hiruki Nakamura
26 Nov, 2014
New York City

Topix index in Tokyo edged lower after advancing for five days in a row. Tokyo Stock Exchange abandoned its plan to increase or add trading hours after resistance from brokerage firms. Inpex, Japan Petroleum Exploration and Taiyo Nippon Sanso dropped after oil dropped to a four-year low.

Australian Indexes Rebound, Dollar and Oil Drops

Marcus Jacob
26 Nov, 2014
New York City

Australian market indexes rebounded in thin trading and the Aussie dollar declined. Crude oil dropped 2% and fell near $74 a barrel in Asia and Sydney trading.

Analog Devices HP, Veeva Jumps; Ctrip.com Plunges 10%

Mukesh Buch
26 Nov, 2014
New York City

Analog Devices net plunged 46% despite revenues increase of 20%. Books-A-Million net loss was flat on revenues increase of 1%. Ctrip.com net declined 42%. Deere profit tumbled 20% on 5% decrease in revenues. Hewlett-Packard net declined 6%. Veeva Systems net surged 36%.

Thomas Cook Plunges 19%, Wolseley Net Soars 13%

Nigel Thomas
26 Nov, 2014
New York City

Daejan net climbed 50% to

Nippon Life Raises RCapital AM Stake; MRF, Siemens Net Soar

Mukesh Buch
26 Nov, 2014
New York City

GMR Infrastructure issued lowest bidder for freight corridor project worth Rs 5,080 crore. FTIL agreed to sell its 5% stake in MCX. MRF and Siemens quarterly net surged. Nippon Life Insurance agreed to raise its stake from 26% to 49% in Reliance Capital Asset Management.

U.S. GDP Growth Revised Higher to 3.9% as Global Economies Slowdown

Nichole Harper
25 Nov, 2014
New York City

September quarter economic growth in the U.S. was increased to annual rate of 3.9% from the previous estimate of 3.5% on higher spending by consumer and businesses. German economy expanded at 0.1% in the third quarter and European markets closed at a 2-month high.

Tiffany Net Plunges 60%, Cracker Barrel Lifts Outlook

Mukesh Buch
25 Nov, 2014
New York City

Campbell Soup net surged 36%. Cracker Barrel profit climbed 25% after comparable store sales jumped 6% and the restaurant operator lifted annual outlook. Pall Corp net soared 24%. Tiffany net tumbled 60% despite revenues and comparable sales rose. Valspar net soared 70%. Workday net loss widened.

Market Update