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Nippon Acquires 9% Stake in RCAM, SBI Prepares for Offering

Mukesh Buch
27 Feb, 2015
New York City

NTPC started Unit-III of 500 megawatt power project in Tamil Nadu. Sadbhav Engineering won the highway expansion in Haryana. Nippon Life Insurance acquired 9% stake in subsidiary of Reliance Capital.

U.S. Jobles Claims Rise, Durable Goods Orders Fall in January

Nichole Harper
26 Feb, 2015
New York City

Market indexes on Wall Street traded higher and weekly jobless claims soared in the last week. Durable goods orders in January increased 2.8% after two monthly declines in a row.

AES, Avago, Salesforce Climb; Salesforce and Sears Net Loss Narrow

Mukesh Buch
26 Feb, 2015
New York City

AES net swung to profit after revenues climbed 9%. Avago revenues and net surged and agreed to acquire Emulex for $609 million. Chico''s and Harsco net loss widened. HP is in talks to buy Aruba Networks. Kohl''s net soared 10%. Salesforce and Sears net loss narrowed.

Bayer, Deutsche Telekom, Thales Net Surge; RBS Net Loss Narrows

Nigel Thomas
26 Feb, 2015
New York City

Ahold net tumbled 77% to

Nikkei Leads Asian Markets Rebound

Hiruki Nakamura
26 Feb, 2015
New York City

Nikkei average rebounded to a new 15-year high after the yen weakened. Industrial & Infrastructure Fund said first-half revenues declined 2.9%. Sony said it is not planning to sell its TV and mobile phone businesses it plans to spin off.

Australian Capex Falls 2.2%, Nine Entertainment Revenues Up 4.6%

Marcus Jacob
26 Feb, 2015
New York City

Australian market indexes traded down after capital spending in the fourth-quarter declined 2.2%. Aussie dollar edged up for the third day in a row and commodities in volatile trading managed to close higher. Billabong first-half sales edged down. Nine Entertainment first-half revenues jumped 4.6%.

Bharti to Lower Infratel Stake and Raise Capital, Castrol India Net Rises

Mukesh Buch
26 Feb, 2015
New York City

Bharti Airtel raise up to ₹2,600 crore through the sale of 72.5 million shares in Bharti Infratel. NTPC board approved the investment proposal for 1,320 megawatt thermal power project in Madhya Pradesh.

Rail Budget in India Ramps Up Investments After Decades of Neglect

Mukesh Buch
26 Feb, 2015
New York City

Indian Railways in its latest budget announced investments in modernising tracks, expanding network and invest in improving passenger comfort and facilities at stations.

Yellen Highlights Weak Housing Recovery, Home Sales Near 9-Year High

Nichole Harper
25 Feb, 2015
New York City

U.S. stocks traded sideways and new home sales were nearly unchanged in January but supply increase. U.S. Fed Chair Janet Yellen highlighted the weaker than expected housing market recovery. Chesapeake and Hewlett Packard fell on earnings.

Chesapeake Net Swings to Profit, Target Net Swings to a Loss

Mukesh Buch
25 Feb, 2015
New York City

BroadSoft surged after revenues and net climbed. Campbell Soup net tumbled 36%. Chesapeake Energy swung to profit on 11% increase in revenues. Lowe''''s profit soared 47%. TJX net surged 11%. Target net swung to a loss of $2.64 billion.

Bouygues Net Swings to Profit; Petrofac, TSB, Weir Net Decline

Nigel Thomas
25 Feb, 2015
New York City

Maersk net surged 45% to $5 billion and the logistics company plans to divest 20% stake in Danske Bank. Bouygues swung to profit to

Nikkei Turns Lower, Mitsubishi in Talks for a Wind Farm Project in U.K.

Hiruki Nakamura
25 Feb, 2015
New York City

Nikkei index in Tokyo edged lower from its recent 15-year high and the yen weakened. Mitsubishi Heavy is likely to win a large offshore wind farm order in the U.K. Sankyo declined after the pachinko game machine maker lowered fiscal year sales outlook.

With Earnings in Focus Indexes in Australia Climb, Seven Group Soars

Marcus Jacob
25 Feb, 2015
New York City

Aussie dollar continue to gain for the third day in a row and market indexes turned higher after morning weakness. Construction activities eased 0.2% and wage costs rose 0.6% in the fourth quarter. Seven Group net plunged 74%. Westfield swung to a loss on a decline in revenues.

Sensex in India Looks Higher With Caution, Rupee Hovers Near 62

Mukesh Buch
25 Feb, 2015
New York City

Asian Paints to set up manufacturing unit in South India. ABG Shipyard is in discussions to sell stake in the company. Godrej agreed to increase its stake in Darling South Africa and Mozambique businesses to 90%. Steel Strips Wheels received an export order from Brazil.

Yellen Offered Optimism but Rates to Remain Low

Nichole Harper
24 Feb, 2015
New York City

Stocks on Wall Street traded higher after Fed Chair Janet Yellen offered an upbeat assessment of the job market and economic progress. On the earnings front, Home Depot reported better than expected earnings and Comcast struggled to lift subscriber growth.

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