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Japan Index Relapses 2% After Officials Question Nikkei Pension Report

Hiruki Nakamura
21 Oct, 2014
New York City

Market indexes in Tokyo fell back after a record one-day rally in more than a year. The yen gained and the government officials clarified that the pension fund has still not decided on the allocation plan, contradicting the Nikkei newspaper report a day ago.

China GDP Growth Lifts Australian Indexes, Dollar to 6-day High

Marcus Jacob
21 Oct, 2014
New York City

Australian market indexes advanced for the sixth day in a row and the Aussie dollar inched higher after China reported better-than-expected quarterly economic growth of 7%. Industrial production also surged to 8% in the quarter. Newcrest Mining eased after production fell 12%.

HDFC, Idea Net Climb; Shriram Transport Net Declines

Mukesh Buch
21 Oct, 2014
New York City

HDFC Bank net surged 20% and Punjab National Bank net climbed 14%. Shriram Transport net slipped 12%. Idea Cellular reported quarterly net rose 4%. Welspun quarterly net swung to profit on 10% increase in sales.

Wall Street Indexes Extend Gains, IBM in Focus

Nichole Harper
20 Oct, 2014
New York City

Market indexes on Wall Street continued steady advance and tech stocks led the gainers. IBM finalized the deal to sell its loss making chip manufacturing unit and pay $1.5 billion, which accounted for less than 3% of its sales.

IBM Net Plunges and Sells Chip Unit, Macquarie Buys Cleco for $4.7 B

Mukesh Buch
20 Oct, 2014
New York City

GLOBALFOUNDRIES agreed to acquire microelectronics business from IBM. Halliburton net surged 70%. Hasbro profit soared 43%. IBM net tumbled 99.6%. Macquarie Infra agreed to buy Cleco Corp for $4.7 billion. Valeant Pharma net swung to profit. VF Corp net jumped 8%.

Nikkei Soars 4% on Pension Fund Allocation Hopes

Hiruki Nakamura
20 Oct, 2014
New York City

Nikkie surged on speculation that the nation

adidas Jumps on Reebok Offer, Nutreco in

Nigel Thomas
20 Oct, 2014
New York City

adidas received

Australian Markets in 5-day Rally, Medibank IPO May Raise $5.5 Billion

Marcus Jacob
20 Oct, 2014
New York City

Market indexes in Australia gained for the fifth day in a row. The global markets rebound on Friday extended weeklong market advance in Australia, but in thin volume. The Australian government is set to raise as much as $5.5 billion through the public offering of Medibank.

Alembic, Hindustan Zinc, UltraTech Net Surge; Unichem Lab Net Drops

Mukesh Buch
20 Oct, 2014
New York City

Alembic revenues rose 12%. Hindustan Zinc net surged 33%. Jindal Saw net surged and revenues rose 30%. Oberoi Realty net jumped 10%. Unichem Lab net tumbled 38%. UltraTech net and revenue soared.

Baxter, UnitedHealth Jump; Baker Hughes, eBay, Goldman Sachs Fall

Mukesh Buch
16 Oct, 2014
New York City

American Express net climbed 8%. Baker Hughes profit soared 10%. BB&T net surged 94% but revenues fell 2%. eBay net slid 2% while revenues surged 12%. Goldman Sachs net climbed 50%. PPG Ind net jumped 64%. UnitedHealth profit rose 2% on 7% increase in revenues.

BSkyB, WH Smith Profit Climb; Carrefour, Dassault Sales Drop

Nigel Thomas
16 Oct, 2014
New York City

BSkyB net surged 215% to

India Movers: GSFC, GRUH, Infosys, MindTree, TCS Profit Surge

Mukesh Buch
16 Oct, 2014
New York City

Cyient net surged 32%. GSFC profit climbed 23% on 5% increase of revenue. GRUH Finance net and revenues soared. Infosys net jumped 45%. MindTree net increased 6%. TCS profit and revenue climbed 13%.

Topix Enters Correction with Loss of 11%

Hiruki Nakamura
16 Oct, 2014
New York City

Japanese stocks plunged and the Topix index entered into a correction. Topix dropped 2.3% and extended loss to 11% from the September 25. The yen gained 0.2%. Japan Display plunged 18% after the company estimated annual loss.

Australian Indexes Rebound from Morning Shock

Marcus Jacob
16 Oct, 2014
New York City

Australian market indexes managed to shake-off morning losses in active trading following wild swings in the U.S. and European markets. Crude oil continued to slide in international markets and Aussie dollar closed below 88 U.S. cents. Banks led the gainers.

JPMorgan Net Swings to Profit; Citigroup, Wells Fargo Net Rise

Mukesh Buch
14 Oct, 2014
New York City

Citigroup net jumped 6% on 10% increase in revenues. Domino''s Pizza profit surged 16% after same store sales climbed above 7%. J&J net soared 59%. JPMorgan net swung to profit. J.B. Hunt net soared 14%. Wells Fargo net jumped 3%. Wolverine net climbed 6%.

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