ticker

Jittery Stocks on Wall Street Extend Losses on Third Day

Nichole Harper
21 Jun, 2013
New York City

U.S. market indexes are set to decline for the third day in a row after the Fed laid out its stimulus exit plan that has been in place for more than four years. The Fed

Europe Earnings: BC Partners, Deutsche Annington, Flybe, Rosneft

Nigel Thomas
21 Jun, 2013
New York City

BC Partners agreed to buy Springer Science & Business Media for

Stocks in Japan Turn Corner, Weekly Rise of 4.3% in Nikkei

Hiruki Nakamura
21 Jun, 2013
New York City

Stocks in Japan turned corner as traders and analysts forecasted the end of market correction. The Nikkei index has held the ground near 13,000 after four weeks of selling and surged 4.3% this week. The yen resumed its slide.

Australian Indexes Extend Losses, BHP Sells Iron Ore Mine Stake

Marcus Jacob
21 Jun, 2013
New York City

Australian market indexes extended losses in the week to 1% and the dollar dropped to the low of the year. Resource sector stocks led the decliners. BHP said it sold 15% stake in its iron ore mines in Western Australia to two Japanese conglomerates.

India Movers: Airtel, Cipla, Essar, HUL, Reliance Capital, S Mobility

Mukesh Buch
21 Jun, 2013
New York City

Bharti Airtel market share held at 28.4% in May. Cipla received approval to acquire its South African unit for $512 million. Essar Steel raised $1 billion to repay the debt. Hindustan Lever launched its open offer to increase stake to 75%. Reliance Capital suspends gold sale.

Fed Stimulus Withdrawal Comments Spark World-wide Sell-Off

Nichole Harper
20 Jun, 2013
New York City

U.S. stocks extended losses for the second after Fed Chairman Ben Bernanke comments that laid out the timetable for the stimulus taper. European markets led the world market decline with a loss of more than 3%. Gold plunged 5% and oil fell 3%. The yield on 10-year U.S. bond increased to 2.42%.

Fed and China Worries Drag Nikkei and Asian Markets

Hiruki Nakamura
20 Jun, 2013
New York City

Stocks in Tokyo declined following an Asia-wide sell-off after comments from Fed Chairman Bernanke stoked the fears of early stimulus withdrawal in the U.S. The yen eased 1% against the dollar and 10-year Japanese bond yield increased 3 basis points to 0.85%.

U.S. Movers: Clarcor, HIS, Jabil Circuit, Kroger, Micron Tech, Rite Aid

Mukesh Buch
20 Jun, 2013
New York City

Clarcor second quarter net increased. IHS and Jabil Circuit revenue jumped but net declined. Micron Tech net swung to profit. Kroger net rose 9.6% to $481 million. Pier 1 net climbed and lifted earnings guidance. Rite Aid net surged and Steelcase profit climbed.

Europe Earnings: Ashtead, Carlyle, Dixons Retail, Ted Baker

Nigel Thomas
20 Jun, 2013
New York City

Ashtead revenue soared and profit for the year climbed 45% to

Australian Indexes Drop 2.1% as Asian Markets Plunge

Marcus Jacob
20 Jun, 2013
New York City

Australian market indexes plunged sharply following a weakness resource prices and a decline in Asian markets. Also, a private survey of Chinese manufacturing industry showed outlook for the industry was the worst in nine months.

India Movers: Airtel, Ramco Systems, TFCI, Tata Steel, Wipro

Mukesh Buch
20 Jun, 2013
New York City

Airtel plans to invest $125 million in Gabon of Africa. TFCI board approved proposal to seek licence to set up a bank. Tata Steel signed five-year contract worth

U.S. Movers: Actuant, Adobe, DISH Network, FedEx, Tetra Tech

Mukesh Buch
19 Jun, 2013
New York City

Actuant quarterly sales were flat and net swung to a loss. Adobe revenue and net jumped 66%. DISH Network said it would not submit a new takeover bid for Sprint. FedEx net plunged 45%. Tetra Tech dropped after it revised its third quarter outlook.

Europe Earnings: Berkeley, Imagination Tech, Liberty Global, Micro Focus

Nigel Thomas
19 Jun, 2013
New York City

Berkeley Group revenue for the year soared 32% and profit-after-tax surged 33% to

Rio Tinto to Cut Staff at Iron Ore Headquarter, Australian Stocks Rebound

Marcus Jacob
19 Jun, 2013
New York City

Australian stocks closed higher but the dollar struggled as iron ore prices remained weak in international trading. Rio Tinto eliminated 500 middle management positions in its iron ore division.

India Movers: Bhel, Dr. Reddy

Mukesh Buch
19 Jun, 2013
New York City

Bhel secured contract worth $90 million. ICICI Bank raised $100 million through a Chinese debt market offering. Religare promoters reduce their stakes worth $182 million and apply for a banking license. Vakrangee promoters increased their stake.

Market Update