ticker

AB Inbev Lifts SABMiller Offer Again, Tesco Net Swings to a Loss

Nigel Thomas
07 Oct, 2015
New York City

AB Inbev revised its proposal to acquire SABMiller to

Wall Street Halts Rally as IMF Lowers Growth Estimate

Nichole Harper
06 Oct, 2015
New York City

Stocks struggled on Wall Street after the IMF lowered global economic growth outlook for the second time this year and the rally in oil extended to third day in a row. Biotech companies remained under pressure as politicians look for ways to rein runaway price inflation.

Nikkei Rallies 2% in Two Days; J Front and Union Tools in Focus

Hiruki Nakamura
06 Oct, 2015
New York City

Nikkei average in Tokyo closed up 1% and the yen traded above 120-mark against the U.S. dollar. J. Front Retailing said first-half sales increased 2.8% and net income more than doubled. Union Tools said third-quarter sales increased 14% and net soared 52%.

Australian Rates on Hold for 5th Month, Ashley Services in Board Turmoil

Marcus Jacob
06 Oct, 2015
New York City

Australian market indexes trimmed gains after the RBA kept interest rate unrevised for the fifth month in a row. Aussie dollar gained for the third day after the central bank gave no indication of additional monetary easing. Ashley Services plunged on boar turmoil.

PepsiCo Net Drops; Container Store, Skyworks Plunge

Mukesh Buch
06 Oct, 2015
New York City

PepsiCo net tumbled 73%. Skyworks Solutions agreed to acquire smaller rival PMC-Sierra for $2 billion. AmerisourceBergen agreed to acquire PharMEDium Healthcare for $2.6 billion. Sarepta Therapeutics priced its public offering at $39 a share. Container Store profit plunged 61%.

Sensex Rises 0.6%; Gujarat NRE to Sell 62 Windmills in Gujarat

Mukesh Buch
06 Oct, 2015
New York City

Gujarat NRE Coke plans to sell 62 windmills in Gujarat. Tech Mahindra received a contract from Bombardier. Tata Steel signed an agreement with the Canada based company to develop iron ore sites.

Vivendi Lifts Telecom Italia Stake to 19.9%, Ted Baker Profit Jumps

Nigel Thomas
06 Oct, 2015
New York City

Vivendi increased its stake in Telecom Italia to 19.9%. Bouygues jumped on positive sales forecast for 2017. BTG tumbled on weak outlook. SABMiller second-quarter sales soared 6%. Ted Baker profit surged 15% and revenues surged 25%.

Wall Street and Europe Extend 2-Day Rally, Oil Bounces Higher

Nichole Harper
05 Oct, 2015
New York City

Market indexes on Wall Street jumped for the second day in a row on the hopes that the Fed may delay interest rate hike well into 2016 after the latest jobs report was deemed weaker than anticipated. Crude oil rallied after Russia sought cooperation with OPEC.

Technical Bounce in Australian Indexes Supported by Asian Rally

Marcus Jacob
05 Oct, 2015
New York City

Australian market indexes soared 1.9% and the Aussie dollar traded above the U.S. 70 cents mark. Aurizon Holdings lowered its revenues estimate after disputes with several coal mines.

Nikkei Jumps 1.6%, Soft Bank Holds on to Alibaba Stake

Hiruki Nakamura
05 Oct, 2015
New York City

Nikkei average in Tokyo jumped 1.6% following the market advance in overnight trading in New York and in Europe. SoftBank has so far not decided to trim its stake in online marketplace operator Alibaba Group after the expiry of lock up period.

BP Settles Oil Spill Claims in $20.8 B, American Apparel Files Bankruptcy

Mukesh Buch
05 Oct, 2015
New York City

BP settled claims for Gulf of Mexico oil spill for $20.8 billion. Nelson Peltz invested $2.5 billion in GE and becomes one of top 10 investors. American Apparel filed for Chapter 11 bankruptcy. Suncor made a hostile acquisition offer to Canadian Oil Sands for C$4.3 billion.

Potash Withdraws K&S Offer, Glencore to Sell Agriculture Assets

Nigel Thomas
05 Oct, 2015
New York City

Potash Corp withdrew its

Sensex Powers Ahead 2% on Rally in Asia

Mukesh Buch
05 Oct, 2015
New York City

TVS and Tata Motors total vehicle sales slipped. National Buildings Construction secured new contracts and expanded its backlog. Life Insurance Corp sold its 2% stake in Chennai Petroleum. NTPC plans to sell electricity to Bangladesh.

U.S. Job Growth Machine Sputters, Europe Struggles with Deflation

Nichole Harper
02 Oct, 2015
New York City

Stocks on Wall Street edged lower after weaker-than-expected new job additions in September and August. Jobless rate in September held at 5.1% in September. Wholesale price index in the euro zone declined more than expected. Monetary base in Japan accelerated at a faster pace in September.

Nikkei Flat as Monetary Bas Rises in August at a Faster Pace

Mukesh Buch
02 Oct, 2015
New York City

Nikkei average in Tokyo closed nearly unchanged and rose 0.9% after a week of volatile trading. Seasonally adjusted jobless rate rose was unchanged in August at 3.4%. Monetary base in August rose more than expected in August.

Market Update