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5-year Low Iron Ore Price Drags Aussie Dollar at 4-year Low

Marcus Jacob
06 Oct, 2014
New York City

Australian stocks extended five-week long losses and the Aussie dollar dropped to a four-year low. BHP Billiton said it plans to cut iron ore mining costs at Western Australia division by 25% and increase capacity by 65 million tons a year.

Constellium in $1.4 B Deal, Linn Energy Sells $2.3 B of Assets

Mukesh Buch
03 Oct, 2014
New York City

Constellium agreed to acquire rival Wise Metals for $1.4 billion. Iamgold agreed to sell its Niobec mine to Magris Resources for $500 million. Linn Energy agreed to sell its Oklahoma and Texas-based assets for $2.3 billion. Zimmer agreed to buy ETEX Holdings.

Europe Movers: Carnival, EasyJet, UniCredit, United Utilities

Nigel Thomas
03 Oct, 2014
New York City

EasyJet surged after improved fiscal outlook. UniCredit agreed to sell its 16.4% stake in CA Immobilien for

U.S. Hiring Rebounded in September, Gasoline Prices Head Lower

Nichole Harper
03 Oct, 2014
New York City

U.S. jobs rebounded in September and unemployment rate dipped to 5.9%. On Wall Street, indexes advanced and the dollar gained against the Japanese yen and the euro. Gasoline prices at U.S. pump stations are down 10% from the high in the year.

Nikkei in Japan Suffers 3% Weekly Loss, Diet in Special Session

Hiruki Nakamura
03 Oct, 2014
New York City

Market indexes in Tokyo extended weekly losses as the Diet in meet for a special session and budget committee convene today. Nikkei average declined every day of the week and the yen remained under pressure as the government struggles to revive economic growth. Fast Retailing surges nearly 3%.

Flat Australian Indexes on Weak Banks and Resource Stocks

Marcus Jacob
03 Oct, 2014
New York City

Australian stocks closed higher but weak commodities hovered market sentiment. Four largest banks rebounded nearly 2% in the week but declined 10% in the last three weeks. For the week, ASX 200 index closed flat.

ECB Stimulus Action Fails to Sway Markets Across Atlantic

Nichole Harper
02 Oct, 2014
New York City

The European Central Bank announced steps to purchase covered bonds and asset-backed securities in the final quarter of the year. Market indexes across Europe and U.S. declined after the latest stimulus measures from the ECB were deemed less than adequate.

ARC Sells Cole Capital for $700 M, Bassett Furniture Soars

Mukesh Buch
02 Oct, 2014
New York City

American Realty agreed to sell Cole Capital to RCS Capital for $700 million. Actuant net plunged 39% but revenue climbed 8%. Constellation Brands profit tumbled 87%. Global Payments net jumped 17% on 12% increase of revenue. McCormick profit surged 18%.

Exporters and Automakers Lead 2.6% Plunge in Nikkei

Hiruki Nakamura
02 Oct, 2014
New York City

Market indexes in Tokyo plunged after the yen gained and investors turned cautious on stretched valuation. Honda, Nissan and Mitsubishi issued domestic auto recalls. Japan Airlines plunged after the first reported case of Ebola virus in the U.S.

BG and Ophir Discover Gas in Tanzania, Ted Baker Net Soars

Nigel Thomas
02 Oct, 2014
New York City

Balfour Beatty divests 50% stake in hospitals projects for

Australian Building Approvals Rise 3%, Slide in Stocks Extend Losses

Marcus Jacob
02 Oct, 2014
New York City

Australian stocks declined and the dollar rebounded ahead of government report on new capital requirements at banks. Australian building approvals increased 3% in August on a surge in multi-family units. Expedia won a regulatory approval to acquire Wotif.com Holdings.

S&P 500 Drops 1%, Fannie and Freddie Plunge 30%

Nichole Harper
01 Oct, 2014
New York City

U.S. stocks traded sharply lower after Hong Kong braced for more protests and Italy forecasted economic contraction in the current year. Fannie Mae and Freddie Mac plunged after a court ruling. GM and Chrysler September sales rise 19% and Ford sales fall 3%.

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