Reliance Industries raises $1 bn via 10-year bond issue
Jan 22, 2015 at 22:30 | Source:
New Delhi: Reliance Industries has raised $1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium. "The Notes will be denominated in US dollars, and will bear fixed inte...
Mahanagar Gas looks to raise Rs 800 crore via IPO
Jan 19, 2015 at 16:23 | Source:
Mahanagar Gas Ltd, a natural gas distributor in India, is looking to raise around Rs 800 crore ($129.66 million) in a stock market listing in the first quarter of 2015, three sources involved in the process told Reuters.Mahanagar Gas, a joint venture...
Goldman Sachs profits fall to $2.17bn for last three months
Jan 17, 2015 at 03:36 | Source:
Goldman Sachs has posted a 7% fall in quarterly profits after weaker bond trading and a decline in investment bank revenues. The Wall Street giant saw earnings fall to $2.17bn (£1.5bn) in the last three months of 2014. However, for the full year, ne...
Earnings: Citigroup Q3 profits plunge 86% as legal costs rise to $3.5 bn
Jan 16, 2015 at 13:22 | Source:
New York: Citigroup today became the latest big US bank to report disappointing results, with earnings plunging 86 percent on a large legal charge and disappointing operating performance in some segments.Earnings for the fourth quarter were $350 mill...
Bank of America and Citigroup miss profit forecasts
Jan 16, 2015 at 03:42 | Source:
Profits at Bank of America (BoA) and Citigroup for the last three months of 2014 have both undershot estimates. BoA earned $3.05bn (£2bn) compared with a profit of $3.44bn last year, as total revenue fell 12.6% to $18.96bn. Citigroup's income f...
Wall Street gains after two-day drop; tech shares rise
Jan 14, 2015 at 00:45 | Source:
NEW YORK (Reuters) - U.S. stocks rose on Tuesday after a two-day decline, helped by gains in technology shares.But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross m...
Wall Street rallies after two-day drop, Alcoa earnings
Jan 13, 2015 at 23:45 | Source:
NEW YORK (Reuters) - U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc (AA.N) reported a higher-than-expected quarterly p...
Wall Street rallies after two-day drop, with focus on earnings
Jan 13, 2015 at 23:30 | Source:
NEW YORK (Reuters) - U.S. stocks rallied on Tuesday to rebound from a two-day decline as investors shrugged off another decline in oil prices and shifted attention to corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly prof...
Wall St falls as energy weakness drags on
Jan 13, 2015 at 03:30 | Source:
NEW YORK (Reuters) - U.S. stocks fell on Monday, led by a decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of the start of corporate earnings season. Oil prices extended their recent free-fall, with Brent falling ...
Wall Street falls as oil prices weigh on energy sector
Jan 13, 2015 at 00:15 | Source:
NEW YORK (Reuters) - U.S. stocks fell on Monday, extending a two-week decline for equities, as weakness in oil prices weighed on the energy sector ahead of the start of corporate earnings season. Oil prices continued their downward march and weighed ...
Wall Street falls as oil prices drag
Jan 12, 2015 at 23:30 | Source:
NEW YORK (Reuters) - U.S. stocks lost ground on Monday, extending a two-week decline for equities, as weakness in oil prices weighed on the energy sector ahead of the start of corporate earnings season. Oil prices continued their downward march and w...
Analysis - U.S. opening of oil export tap widens battle for global market
Jan 01, 2015 at 02:15 | Source:
WASHINGTON/NEW YORK (Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of ...
Tokyo stocks make slight gains
Dec 27, 2014 at 02:21 | Source:
(Close): Major stocks in Japan ended virtually unchanged on Friday with other major exchanges around the world closed for Christmas. The Nikkei 225 index in Tokyo closed up 10 points, or 0.06%, at 17,818.96. The broader Topix index rose 6 points, or ...
Citigroup sells Japan retail banking business to Sumitomo Mitsui
Dec 25, 2014 at 15:30 | Source:
Tokyo: Citigroup said today it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally.Financial details were not released, but Japanese news reports...
The casualties of Russia's decline
Dec 19, 2014 at 21:06 | Source:
In the 21st Century, no economy is an island, entire of itself. But as Russia looks likely to enter a deep recession - fuelled by plummeting oil prices and the plunging rouble - the West has remained sanguine about the potential impact on global fina...
Federal Reserve delays parts of Volcker rule until 2017
Dec 19, 2014 at 03:56 | Source:
The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill. The rule prevents federally-insured banks from using their own money when invest...
BT and Telefonica in 'preliminary' talks over O2 deal
Dec 16, 2014 at 00:37 | Source:
Telecoms giant BT is in talks with Telefonica about buying the O2 mobile network from the Spanish firm. All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur, said BT. In 2002, BT spun off O2,...
BT in talks to buy EE for £12.5bn
Dec 15, 2014 at 23:17 | Source:
Telecoms giant BT is in exclusive talks to buy EE - Britain's largest mobile network group - for £12.5bn. It said the period of exclusivity would last several weeks to enable it to carry out the necessary negotiations. In late November, BT said...