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BT Wins Approval to Buy EE, Volkswagen Net Swings to Loss

Nigel Thomas
28 Oct, 2015
New York City

BT Group received regulatory approval to buy EE for

IndiGo IPO Fully Subscribed in India; Dabur, Sun TV Net Soar

Mukesh Buch
28 Oct, 2015
New York City

The parent of IndiGo airline said its public offering was fully subscribed on the second day of sale. Dabur India said quarterly profit jumped 19%. Sun TV profit soared 41% on 12% increases in revenues. Thermax profit declined 25%. Bharat Bijlee net swung to profit.

Australian Dollar Drops 1% on Softer Third-Quarter Inflation

Marcus Jacob
28 Oct, 2015
New York City

Australian dollar declined 1% after the third-quarter inflation slowed to 0.5% from the second-quarter and annual inflation rate was 1.5%. Core inflation that excludes volatile food and energy prices also was lower than expected knocking all hopes of a rate hike in the near term.

Nikkei in Cautious Advance; ANA, Canon, Daiwa and Nomura in Focus

Hiruki Nakamura
28 Oct, 2015
New York City

Nikkei average in Tokyo closed higher and investors focused on the latest earnings announcement. Canon continued to struggle in its camera division. ANA first-half net soared 51%. Daiwa and Nomura reported better-than-expected earnings.

S&P 500 and DAX Down on Growth Worries and Lackluster Earnings

Nichole Harper
27 Oct, 2015
New York City

Indexes on Wall Street remained in consolidation phase as more companies announce earnings. Durable spending declined for the second month in a row in September, raising the prospect of a sharp slowdown in the U.S. economic growth. Walgreens agreed to acquire Rite Aid for $9.4 billion in cash.

Walgreens to Buy Rite Aid; Ford, Merck Net Soar, Comcast, Pfizer Net Drop

Mukesh Buch
27 Oct, 2015
New York City

Walgreens is in talk to acquire Rite Aid. Cisco agreed to acquire privately held Lancope. Alibaba net jumped. Bristol-Myers net fell 2%. Comcast profit plunged. Du Pont net plummeted 46%. Ford net more than doubled. Pfizer net plunged 20%.

Nippon Life and National Australia in Deal Talk, Seven & I Jump

Hiruki Nakamura
27 Oct, 2015
New York City

Nippon Life nearing a deal to acquire life insurance business of National Australia Bank Ltd. Seven & I Holdings jumped after a U.S. based activist investor takes a stake in the retailer. Shin-Etsu reported domestic silicone capacity expansion plan.

Australian Index Lack Direction; Harvey Norman, Beach Energy in Focus

Marcus Jacob
27 Oct, 2015
New York City

Australian market indexes closed down in thin trading and energy and resource stocks led the decliners. Harvey Norman said quarterly sales increased 6.1%. Beach Energy said quarterly sales declined 15%.

Sensex in India Falls 0.4%; Maruti, Alembic, Axis Bank Net Jump

Mukesh Buch
27 Oct, 2015
New York City

Maruti Suzuki, the largest automaker said quarterly profit soared 42% on 13% increases in revenues. Alembic profit jumped but Lupin profit declined. Axis Bank and State Bank of Mysore profit surged. Blue Star net swung to a loss.

BP, Novartis Net Tumble; BASF Net Surges, Aixtron Net Loss Narrows

Nigel Thomas
27 Oct, 2015
New York City

BP profit tumbled and plans for lager cost cuttings through 2017. BASF profit surged 19% but revenues declined 5%. Novartis profit plunged 42% on 6% drop in revenues. Aixtron net loss narrowed. Air Liquide revenues in third-quarter soared 8%.

S&P 500 Index Consolidates as Oil Price Falls and Apple Weighs

Nichole Harper
26 Oct, 2015
New York City

Market indexes were in consolidation after the S&P 500 index rose 7.9% in the month so far. Weak third-quarter trading was largely overcome in the last three weeks as tech and large caps lead the gainers.

Sensex in India Drops on Slower Revenue Growth at Bharti and HDFC

Mukesh Buch
26 Oct, 2015
New York City

Bharti Airtel, the largest wireless carrier said quarterly profit rose 10%. Asian Paints net advanced 12%. Godrej Consumer net soared 22%. HDFC net jumped 18% on 12% increase in revenues. L&T Finance net surged 19%. Rallis India net declined 22%.

China Rate Cut Fuels Another Advance in Nikkei; Hitachi Soars

Hiruki Nakamura
26 Oct, 2015
New York City

Nikkei average in Tokyo closed at a 2-month high after China lowered its rate in a surprise move and ECB offered to do more to support lending. The moves by two central banks stoked speculation of additional stimulus steps from the Bank of Japan. Hitachi and Panasonic surged on stronger earnings.

Australian Indexes Lose Steam, Blue Scope Acquires Cargil Stake

Marcus Jacob
26 Oct, 2015
New York City

Australian market indexes struggled to hold on to the higher opening and closed down. Bank of Queensland priced its $550 million floating rate loan at 115 basis points premium to 3-month bank bill swap rate. Ten Network Holdings reported annual net loss of $312 million.

Philips Net Swings to Profit, TNT Express Net Loss Narrows

Nigel Thomas
26 Oct, 2015
New York City

Philips net swung to profit on 13% increase in revenues and reaffirmed to spin-off its Lighting unit in the first-half in 2016. Peugeot revenues jumped 3%. Standard Chartered plans to closed equity derivatives and convertible bonds businesses. TNT Express net loss narrowed.

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