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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.

U.S. Movers: Boeing, CVS Health, FactSet, Navistar, Talisman Energy

Mukesh Buch
16 Dec, 2014
New York City

Boeing and CVS Health increase quarterly dividend and expand stock buyback program. FactSet Research net climbed 7%. Navistar net loss narrowed. Talisman Energy surged 48% after a $13 billion deal with Spain-based Repsol. VeriFone net swung to profit.

U.S. Stocks Stable as Russia Grapple with 1998-style Crisis

Nichole Harper
16 Dec, 2014
New York City

U.S. indexes and oil prices in New York were stable at least for today and Russia faced foreign exchange crisis. U.S. dollar and treasuries and the yen rose as investors avoided exposure to currencies of emerging markets.

Oil Price Drop Wreaks Havoc in Asian and Australian Markets

Marcus Jacob
16 Dec, 2014
New York City

Australian stocks closed down following world markets weakness and the continued slide in oil prices. Oil futures extended losses for the sixth day in a row and Russian ruble collapsed forcing central bank to take emergency steps.

BT to Acquire EE for

Nigel Thomas
16 Dec, 2014
New York City

BT Group is in talks to acquire EE for

Nikkei Plunges 2% in Asian Markets, Oil Extends Losses

Hiruki Nakamura
16 Dec, 2014
New York City

Stocks in Tokyo and Asia declined for the second day on the dramatic turn of events in Russia. Nikkei dropped 2% and extended two-day sell-off after Russia hiked interest rate by 6.5% to ward off capital flight. Asahi Holdings Inc agreed to acquire Johnson Matthey Plc for $186 million.

India Faces Hurdles in Collecting $2.4 B for Lost Production in KG D6

Mukesh Buch
16 Dec, 2014
New York City

IDBI Bank won the government approval to sell its 5% stake in National Stock Exchange. Motherson Sumi plans to acquire Germany-based Scherer & Trier worth Rs 283 crore. Oil ministry faces hurdles in recovering $2.4 billion for the lost oil production from KG D6 block.

Russian Ruble Plunges 9%, European Markets Drop 2%

Nichole Harper
15 Dec, 2014
New York City

Stocks traded lacklustre in New York and Europe after oil price weakness extended to the sixth day in a row. Russian ruble plunged 9% and dropped to a record low of 64 against one dollar sparking capital flight of $125 billion. Market indexes across Europe drop more than 2%.

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