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BMW to Pay $820 M to China Distributors, Ryanair December Traffic Climbs

Nigel Thomas
05 Jan, 2015
New York City

BMW agreed to pay $820 million to its China-based distributors to cover losses. Ireland-based C&C Group is expected to walk away from making a revised higher bid for Spirit Pub Co. Ryanair traffic in December soared 20% to more than 6 million customers.

Japan Stocks and Yen Close Lower, Skymark Air Soars

Hiruki Nakamura
05 Jan, 2015
New York City

Japanese market indexes traded lower on the first trading day of the year and financial stocks were under pressure. Skymark Airlines soared 17% after the company called for an extraordinary investor meeting. NTT DoCoMo filed arbitration claim against India-based Tata Teleservices.

Aussie Dollar at a New 5-year Low; LNG, KBR to Build Louisiana Terminal

Marcus Jacob
05 Jan, 2015
New York City

Australian stocks advanced for the second day in a row and Aussie dollar edged lower to a new five-year low. Crude oil eased to a new 4-year low. Liquefied Natural Gas Limited entered into a joint venture with KBR Inc to complete its $2 billion terminal in Louisiana.

Ashok Leyland December Sales Surge 48%, L&T Wins $650 M Contracts

Mukesh Buch
05 Jan, 2015
New York City

Ashok Leyland December sales surged 48%. L&T won an order worth Rs 4,006 crore from domestic and international clients. VA Tech Wabag secured a contract for about Rs 220 crore at Varanasi.

Tata and TVS Auto Sales Rise, Bajaj Sales Falls

Mukesh Buch
02 Jan, 2015
New York City

Bajaj Auto December sales slid 3%. BHEL won contract worth Rs 3,810 crore in Telangana. RPower completed its sixth and last 660 megawatt unit at Sasan. Tata Motors commercial and passenger vehicles sales advanced 10%.TVS Motor sales climbed 20%.

Australian Indexes Gain 0.5%, Aussie Dollar Slips

Marcus Jacob
02 Jan, 2015
New York City

Australian market indexes advanced 0.5% on the first trading day of 2015 and Aussie dollar eased to a new five-year low. Crude oil extended its six-month long losses and gold declined.

Clariant Sells Mumbai Land to Lodha

Mukesh Buch
01 Jan, 2015
New York City

Atul Auto sales in December rose 5.64%. Clariant Chemicals sold its land parcel worth Rs. 1,102.50 crore to Lodha Group. Eicher sales of its subsidiary climbed 20.7%. Maruti sales in December soared 20.8%. Steel Strips December sales jumped 18%.

China, India, U.S. Lead World Markets in 2014

Nichole Harper
31 Dec, 2014
New York City

World markets closed down on the final day of trading and U.S. indexes stretched annual gains for the third year in a row but larger European markets fell. Indexes in Shanghai and Mumbai led the advances in global markets and Russia and Greece led the decliners.

China Based Fosun Acquires Meadobrook, Pacific Ethanol Buys Aventine

Mukesh Buch
31 Dec, 2014
New York City

Meadowbrook agreed to be acquired by China-based conglomerate Fosun Intl for $433 million. Under Armour signed a 4-year partnership with Andy Murray for

Volatile European Markets Drop in 2014; Greece Plunges 28%, Denmark Soars 21%

Nigel Thomas
31 Dec, 2014
New York City

Market indexes in Germany and U.K. drop more than 2% and indexes in France fell 0.5%. Greece and Italy led the region with a drop of more than 28%. Spain closed higher. Bwin.Party lowered its fiscal revenue guidance and the online gambling site operator is in talks to sell its social gaming business

Australian Resource Stocks Plunge in 2014

Marcus Jacob
31 Dec, 2014
New York City

Australian market indexes gained more than 1% but resource stocks plunged after coal and oil prices suffered worst decline since 2008. For the year, oil declined nearly 50%, and Santos Limited plunged 40%. BHP Billiton lost 22% and Rio Tinto declined 14%.

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