ticker

Australian Market Indexes Plunge 2% on Asia-wide Sell-off

Marcus Jacob
10 Oct, 2014
New York City

Australian markets plunged 2% in the largest single-day sell-off in fifteen months. On the domestic front, seasonally adjusted home loans in August declined 0.9%.

Sensex Declines 1.3%, Infosys Profit Jumps 7%

Mukesh Buch
10 Oct, 2014
New York City

Aban Offshore secured two orders worth Rs 1,114 crore from ONGC. Cairn India plunged after second-quarter crude production declined 11% at Rajasthan fields. Infosys net climbed 7.3% on 5% jump in revenue. JSW Steel declined despite 11% increase in revenues.

U.S. Stocks, Dollar and Oil Slump on Global Slowdown Worries

Nichole Harper
09 Oct, 2014
New York City

Market indexes dropped as much as 1.8% on Wall Street on the renewed worries of global slowdown and weaker than expected economies in the euro zone. U.S. jobless claims filings declined to 287,000 and the dollar declined and the crude oil fell to a two-year low.

Auxilium Buys Endo Intl for $1.7 B, Kindred Healthcare in $1.8 B Deal

Mukesh Buch
09 Oct, 2014
New York City

Alcoa net surged more than five-fold. Auxilium Pharma agreed to be acquired by Endo Intl for $1.7 billion. Gap plunged after chief executive officer Glenn Murphy announced retirement. Impax Lab agreed to buy two privately held drug makers for $700 million. PepsiCo net jumped 5%.

Australian Indexes Rise 1%, Jobless Rate Steady at 6.1%

Marcus Jacob
09 Oct, 2014
New York City

Australian stocks trade higher after dovish comments from the U.S. Federal Reserve Bank. National Australia Bank issued profit warning and estimated net to fall to short by 14%. Bank of Queensland Limited said cash earnings increased 20% to $301 million.

New Britain Palm Oil Surges after $1.7 B Offer; N Brown, Suedzucker Fall

Nigel Thomas
09 Oct, 2014
New York City

Hays Plc net fees in the first-quarter increased 4%. N Brown profit dropped 3% from a year ago period to

Machine Orders in Japan Jump 4.7%

Hiruki Nakamura
09 Oct, 2014
New York City

Japan

Tamil Nadu Awards $1.3 B Power Plant Contract to BHEL

Mukesh Buch
09 Oct, 2014
New York City

Ahluwalia Contracts jumped after securing new orders worth Rs 178 crore. BHEL won $1.3 billion contract to set up thermal power project in Tamil Nadu. GVK Power secured an environmental clearance to build its coal project in Australia. IndiGo net declined 60%.

Blackhawk Network, Costco Jump; Interface, Mistras Group Decline

Mukesh Buch
08 Oct, 2014
New York City

Blackhawk Network net tumbled 75% despite 31% surge in revenues. Costco profit surged 13%. Interface tumbled after weak third-quarter outlook. Monsanto net loss narrowed. RPM Intl net dropped 4%. Yum! Brands net surged 166% but revenue slipped 3%.

Japan's Current Surplus Falls in August

Hiruki Nakamura
08 Oct, 2014
New York City

Current account was in surplus for the second month in a row but fell sharply in August. However trade deficit in August was the record for the month on rising imports of liquefied natural gas. Toshiba Corp said it plans to discontinue its e-book reader business only after launching 18 months ago.

Air France Strike to Cost

Nigel Thomas
08 Oct, 2014
New York City

Anglo American plans to sell its three copper mines and a smelter in Chile worth $1 billion. Air France KLM forecasted profit for the year may decline by

Australian Index Drop 0.8%, Aussie Dollar Keeps Downward Bias

Marcus Jacob
08 Oct, 2014
New York City

Australian market indexes plunged and the weak commodities prices dragged resource stocks lower. Australian Bureau of Statistics withdrew July and August jobless rate estimate. Aldi, discount supermarket chain plans to invest $700 million in Western and South Australia.

L&T to Buy Engineering Unit, M&M Takes 51% Stake in Peugeot Scooter

Mukesh Buch
08 Oct, 2014
New York City

BEML won order for Rs 570 crore from Delhi Metro Rail Corp. KEC International secured orders worth Rs 1,029 crores. A subsidiary of L&T intends to acquire engineering services unit of the U.S.-based Dell. M&M agreed to acquire 51% stake in France-based Peugeot''s scooter business.

Nikkei in Tokyo Drops 0.7%, McDonald's Japan Drops 3%

Hiruki Nakamura
07 Oct, 2014
New York City

Stocks in Tokyo declined and the yen rebounded. J. Front Retailing reported sales in the first-half ending in August declined 0.2%. McDonald''s Holdings Co Japan estimated loss in the fiscal year as sales suffer on tainted chick supplies worries.

Occidental to Sell North Dakota Assets for $3 B, AGCO Drops

Mukesh Buch
07 Oct, 2014
New York City

AGCO plunged after weak earnings outlook. HP divested 40% stake in UAE-based Injazat Data Systems to its financial partner Mubadala. International Speedway net swung to profit on 11% increase in revenue. Occidental Petroleum plans to sell its oil assets for $3 billion.

Market Update