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FTIL in India Sells Mauritius Exchange, Tata Power Issues Debentures

Mukesh Buch
18 Nov, 2014
New York City

FTIL agreed to sell Mauritius-based exchange for $40.5 million. Punj Lloyd secured highway contract for Rs 666 crore. RJio signed for $1.5 billion syndicated term loan. Sesa Sterlite expand copper smelter plant worth Rs 2,500 crore. Tata Power rise Rs 1,500 crore via non-convertible debentures.

Deals for Allergan and Baker Hughes Dominated Monday Trading

Nichole Harper
17 Nov, 2014
New York City

Stocks on Wall Street lacked direction and two large deals dominated news. Baker Hughes agreed to a merger proposal from Halliburton Co for $34.6 billion and Allergan In accepted $66 billion offer from Actavis Plc. Japan entered a technical recession after the second quarter growth faltered.

Japan Q3 GDP Shrank 1.6%, Nikkei Plunges 2.9%

Hiruki Nakamura
17 Nov, 2014
New York City

Nikkei index in Japan dropped 2.9% after the economy shrank in the latest quarter. GDP in the September shrank 1.6% in the third-quarter ending in September following revised 7.3% decrease I the second-quarter.

Australian Vehicle Sales Ease, Stocks Fall

Marcus Jacob
17 Nov, 2014
New York City

Australian market indexes traded lower despite the increase in iron ore and gold prices. Seasonally adjusted vehicle sales in October declined. Elders Ltd said annual net swung to profit. Pacific Brands is in talks to sell its brand collection division.

Actavis Nears Allergan Buyout, Halliburton Turns Hostile to Baker Hughes

Mukesh Buch
17 Nov, 2014
New York City

Actavis agreed to a deal to acquire Allergan and may offer between $215 and $220 per share. Celldex surged 28% on brain cancer Phase 2 study. Exterran plans to spin-off its international and fabrication businesses. JD.Com net swung to a loss. Tyson Foods net tumbled 47%.

Sonova Net Jumps; Mitie Net Swings to Loss

Nigel Thomas
17 Nov, 2014
New York City

Hennes & Mauritz October sales soared 14%. Keller plunged despite positive outlook. Mitie Group net swung to a loss to

GMR Infra Loss Widens; Tata Motors, Videocon Net Decline

Mukesh Buch
17 Nov, 2014
New York City

BEML and GMR Infra quarterly loss widened. Bhushan Steel net swung to loss but revenues soared 30%. Fertilisers and Chemicals Travancore loss narrowed. JSW Energy acquired two hydropower projects from Jaiprakash Power. RCapital profit rose 20%. Tata Motors net fell 7%.

Indexes on Wall Street Struggle Near Records, Retail Sales Rise

Nichole Harper
14 Nov, 2014
New York City

Stocks on Wall Street struggled and indexes searched for direction after trading near record highs this week. Retail sales in October were ahead of expectations and the latest private measure of consumer confidence also showed an increase.

Yen Drops to 7-year Low Against the Dollar, J Front October Sales Drop

Hiruki Nakamura
14 Nov, 2014
New York City

The yen declined to a seven-year low against the U.S. dollar and market indexes traded higher. Mitsubishi UFJ reports higher income in the first-half on rising loan volumes in international markets. Mizuho Financial said first-half net declined on lower fees and income.

Australian Indexes Trade Lower; Lend Lease and Westfiled in Focus

Marcus Jacob
14 Nov, 2014
New York City

Australian market indexes struggled in the session but managed to close higher but indexes declined in the week following weak oil and iron ore price. Lend Lease reaffirmed its outlook at the annual general meeting. Westfield, the global operator of malls said annual retail sales increased 4.4%.

Baker Hughes and Halliburton in Merger Talks, Hertz, SINA Plunge

Mukesh Buch
14 Nov, 2014
New York City

Baker Hughes is in preliminary talk with rival Halliburton for possible merger. Hertz Global plunged and the rental car company said it plans to restate its results from fiscal 2011. MFC Industrial net fell 8%. Matthews Intl net tumbled 64%. Nordstrom profit jumped 4%. SINA net plunged 20%.

Airbus, Bouygues, LSE Net Surge; Arkema Net Tumbles

Nigel Thomas
14 Nov, 2014
New York City

Airbus net surged 16% to

TVS Motor Net Rises; Cipla, HCL, SAIL Net Fall

Mukesh Buch
14 Nov, 2014
New York City

Cipla quarterly profit declined 17%. DLF net rose 9%. Gujarat Gas net and revenues declined. HCL profit plunged 72%. HDIL net soared 36%. SAIL net tumbled 45%. SCIL net swung to profit but revenues advanced 10%. TVS net rose 7%. Tata Power net swung to loss.

Weak Oil Overshadows Deals on Wall Street

Nichole Harper
13 Nov, 2014
New York City

Stocks market indexes traded lower after crude oil extended five month losses with 3% decline. Proctor & Gamble agreed to sell Duracell business to Berkshire Hathaway for $4.7 billion. Hasbro is in talks to buy Dreamworks SKG. Walmart Stores reported better than expected results.

Foreign Investors Increase Japan Stock Exposure

Hiruki Nakamura
13 Nov, 2014
New York City

Market indexes in Japan closed higher and the Nikkei 225 Stock Average extended gains to 11% in the month. Foreign investors added net 2 trillion yen of $17.3 billion of Japanese equities in the two weeks to November 7.

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