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Aussie Dollar and Stocks Advance, Strong Housing Demand in Perth

Marcus Jacob
17 Sep, 2015
New York City

Australian market indexes traded higher and the Aussie dollar jumped above 72 U.S. cents. Finbar Group sold $61 million worth of apartment in Perth ahead of launch of construction in early 2016, highlighting continued strength in demand for housing.

Nikkei in 3-Day Rally, August Trade Deficit Narrows on Lower Oil

Hiruki Nakamura
17 Sep, 2015
New York City

Nikkei average extended gains for the third day in a row and foreign investors remained net seller last week. Trade deficit narrowed in August from a year ago month on the plunging oil price and steady growth in exports to the U.S.

S&P 500 and World Markets Advance as Fed Policy Makers Meet

Nichole Harper
16 Sep, 2015
New York City

U.S. stocks rallied and the S&P 500 index jumped 0.9% after the Federal Reserve started its much anticipated 2-day policy meeting. Markets in Europe also advanced more than 1%. U.S. dollar held firm and crude oil jumped 6%.

Australian Indexes Jump 1.6%

Marcus Jacob
16 Sep, 2015
New York City

Australian stocks rebounded on the resurgent resource and banking sector. Media and entertainment stocks were nearly unchanged. Timah Resources and Vitaco Holdings priced initial public offerings.

Nikkei Extends Gains, Suzuki to Acquire Stake from Volkswagen

Hiruki Nakamura
16 Sep, 2015
New York City

Nikkei average in Tokyo closed higher following the market advance in New York. Investors added exposure ahead of the U.S. Fed rate decision following the Bank of Japan

India Struggles with Rising Trade Deficit, Sensex Jumps 1%

Mukesh Buch
16 Sep, 2015
New York City

Trade deficit in August widened to a new monthly high after non-oil imports continued to rise at a faster pace. Trade deficit in the fiscal year between April and August declined marginally to $57.5 billion from $58.2 billion in a year ago period.

Dentsply in $5.6 B Deal with Sirona, FedEx Profit Declines

Mukesh Buch
16 Sep, 2015
New York City

Dentsply agreed to a merger with the rival Sirona Dental in $5.6 billion deal. GE divests its $3.7 billion portfolio of loans from its U.K.-based home lending portfolio. Ascena net swung to a loss. Cracker Barrel net soared 21%. FedEx profit declined 6%. United Natural Foods net jumped 8%.

Anheuser Targets SABMiller; Inditex, Richemont, Zodiac Sales Jump

Nigel Thomas
16 Sep, 2015
New York City

Anheuser Busch said it plans to acquire SABMiller. Glencore plans to raise $2.57 billion to reduce net debt. Inditex profit soared 26% on 17% increase in revenues. Richemont sales jumped 4%. Zodiac Aerospace revenues surged 18%.

Wall Street Rallies 1% on Retail Sales Data as Fed Decision Nears

Nichole Harper
15 Sep, 2015
New York City

Market indexes on Wall Street advanced more than 1% after August retail sales advanced more than expected indicating that the latest market turbulence had little impact on the consumer. S&P 500 index remained 4% down for 2015.

Bank of Japan Reaffirms Stimulus Program

Hiruki Nakamura
15 Sep, 2015
New York City

The Bank of Japan left its stimulus program on hold after a 2-day meeting and retained the rate of money printing as announced before. Itoham Foods, the second largest food company in Japan is in merger talks with the seventh-largest food processor Yonekyu.

Australian Political Chaos Leads to Fourth Prime Minister in Two Years

Marcus Jacob
15 Sep, 2015
New York City

Australian political uncertainty reached a new high after Malcom Turnbull forced out Prime Minister Tony Abbott in a leadership challenge. Australia has struggled to implement policies for nearly eight years with the revolving-door-government.

Gray Television, GTT Jump; Shiloh, Unilife Plunge

Mukesh Buch
15 Sep, 2015
New York City

Gray Television agreed to acquire privately-owned Schurz Communications for $442.5 million. GTT Communications agreed to buy One Source Networks for $175 million. Huron Consulting agreed to acquire Cloud62. Shiloh net tumbled 76%. Unilife net loss widened.

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