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Yen Plunges and Nikkei in Tokyo Crosses 16,000

Hiruki Nakamura
18 Sep, 2014
New York City

The Nikkei average in Tokyo crossed 16,000 for the first time since January and the yen plunged to a new low after currency market estimated faster rise in U.S. interest rates. Dentsu Inc, the advertising agency agreed to acquire search and performance-marketing agency Covario Inc.

Bayer to Spin-off its Plastic Division, Sulzer in Deal with Dresser-Rand

Nigel Thomas
18 Sep, 2014
New York City

Bayer plans to spin off through public offering of its plastics business for about

Australian Indexes Struggle as Oil and Coal Trade at Multi-year Low

Marcus Jacob
18 Sep, 2014
New York City

Australian market indexes edged lower after crude oil price heat a two-year low. With the weakening demand from China, coal and iron ore prices also traded lower. Arrium Limited plunged 29% after the energy explorer completed first tranche of $754 million.

Apollo Tyres Invest

Mukesh Buch
18 Sep, 2014
New York City

Apollo Tyres plans to invest up to

Auxilium Pharma, FedEx, Lennar Surge; Adobe, General Mills Decline

Mukesh Buch
17 Sep, 2014
New York City

Auxilium Pharma received $2.2 billion offer from Endo International. Adobe net plunged 46% on flat revenues. Cracker Barrel net soared 14%. FedEx net surged 24%. General Mills net tumbled 25%. Lennar profit climbed 47%.

Reported U.S. Inflation Measure Falls, Home Builders Confidenc at 9-year High

Nichole Harper
17 Sep, 2014
New York City

Stocks on Wall Street edged higher and reported measure of inflation declined for the first time in eighteen months. Home builder

JD Sports Profit Climbs; Inditex, Smiths Group Profit Fall

Nigel Thomas
17 Sep, 2014
New York City

DS Smith climbed on positive outlook. Inditex net slipped 2% to

Nikkei in Japan Fails to Participate Asia-Rally on China Stimulus

Hiruki Nakamura
17 Sep, 2014
New York City

Stocks in Japan closed lower for the second day and the Topix index declined for the first time after rising for six days in a row. China

Australian Indexes in 6-day Decline on Weak Coal Miners

Marcus Jacob
17 Sep, 2014
New York City

Australian market indexes declined for the sixth day in a row and losses were trimmed after China announced more capital infusion in banking system. Iron ore prices traded near six-year low and coal miners took another hit on the worries of import restrictions in China.

India to Sell 5% Stake in SAIL, Apollo Acquires Hetero Med

Mukesh Buch
17 Sep, 2014
New York City

Apollo Hospitals agreed to acquire pharmacy stores from Hetero Med Solutions for $24 million. Aurobindo Pharma received U.S. regulatory approval to market infection and stomach ulcer treatment generic drug. GMR Infra plans to raise Rs 1,500 crore through a rights offering.

Stocks Advance on Wall Street, Calpers Decides Divest Hedge Funds Investments

Nichole Harper
16 Sep, 2014
New York City

Stocks on Wall Street advanced market indexes rebounded ahead of Fed policy statement tomorrow. The California Public Employees

Apple iPhone 6 Orders Exceed 4 Million on First Day

Mukesh Buch
16 Sep, 2014
New York City

Apple said pre-orders for iPhone 6 and 6 Plus exceeded four million on first day. Analogic net declined 4% after revenue plunged 15%. FactSet Research net jumped 7% on 9% increase of revenue. Humana plans for $2 billion stock buyback.

Orange offers

Nigel Thomas
16 Sep, 2014
New York City

ASOS plunged after issuing third profit warning. Lafarge divested its Russia-based cement plant to Buzzi Unicem for

SoftBank Surges After Alibaba Lifts IPO Price, Tokyo Dome Drops

Hiruki Nakamura
16 Sep, 2014
New York City

Stocks in Tokyo closed lower after a three-day weekend and the Topix index fell from a six-year high. Tokyo Dome fell 3.6% after the baseball stadium operator said annual net income is likely to drop 38%. SoftBank gained after Alibaba lifted its IPO price range.

Aussie Dollar and Housing Market in Focus in RBA Statement

Marcus Jacob
16 Sep, 2014
New York City

Reserve Bank of Australia held out for possibility of weakening Aussie dollar and noted home prices remain elevated and appear to be driven by speculative demand. AngloGold Ashanti dropped its plan for splitting the company. Iron ore price rebounded 4% after a month long decline.

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