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India Movers: Balkrishna, DCM, Mysore Paper Mills, PNB

Mukesh Buch
04 Sep, 2014
New York City

Balkrishna Ind net jumped 13% and net sales surged 17%. DCM net swung to a loss but revenue climbed 8%. Mysore Paper Mills dropped after net loss widened. Punjab National Bank raised Rs 500 crore through a bond offering. United Spirits fell after net swung to a big loss.

Chrysler Leads August Auto Sales Growth, Compuware in $2.5 B Deal

Mukesh Buch
03 Sep, 2014
New York City

Compuware to acquired Thoma Bravo for $2.5 billion. CVS Caremark stops selling cigarettes from today. Chrysler leads U.S. auto sales in August with the surge of 20%, Ford sales rose 0.4% and GM sales fell 1%. Toyota sales jumped 6%.

Auto Sales and Factory Orders Lift U.S. Growth Outlook

Nichole Harper
03 Sep, 2014
New York City

Stocks in New York and in Europe traded higher after Russia and Ukraine sought to end violence. The apparent agreement is expected to find a political settlement with the leaders of eastern Ukraine and end violence. U.S. auto sales surged led by 20% sales increase at Chrysler.

Hermes, LVMH Settle 4-year Dispute; United Internet to Buy Versatel

Nigel Thomas
03 Sep, 2014
New York City

Ashtead Group profit surged 23% to

Australia's GDP Growth Slows to 0.5% in June Quarter

Marcus Jacob
03 Sep, 2014
New York City

Australian economic growth in June quarter slowed to an increase of 0.5% from the previous quarter and rose 3.1% from a year ago. Service industry growth continued to slow in August and iron ore price declined to a two-year low.

3-day Rally Lifts Nikkei to January High

Hiruki Nakamura
03 Sep, 2014
New York City

Nikkei index in Tokyo gained for the third day in a row and increased to a high not seen since January and the yen declined to an eight month low. Prime Minister Shinzo Abe is expected to shakeup cabinet and appoint a reform minded minister that may lead to overhaul of GPIF.

Eicher Domestic Sales Surge 66%, NMDC Production Rises 12%

Mukesh Buch
03 Sep, 2014
New York City

Eicher Motors August sales climbed 66%. Era Infra Engineering secured construction contract from Airport Authority of India. Elder Pharma net surged but revenue declined 33%. NMDC production and sales climbed.

World Markets Pause on Escalating War of Words Between Russia and Europe

Nichole Harper
02 Sep, 2014
New York City

Stocks across Atlantic paused the advance after war of words escalated between Russian president Vladimir V Putin and European leaders ahead of NATO summit on Thursday.

Dollar General Lifts Family Dollar Bid and Prepares to Go Hostile

Mukesh Buch
02 Sep, 2014
New York City

1-800-Flowers plans to acquire Harry & David Holdings for $143 million. Dollar General raised its bid for Family Dollar to $9.1 billion. Halliburton agreed to settle Macondo well incident in $1.1 billion. Norwegian Cruise Line agreed to acquire Prestige Cruises for $3 billion.

Honda and Nissan Sales in China Fall in August

Hiruki Nakamura
02 Sep, 2014
New York City

Stocks in Tokyo traded higher and the yen declined for the third day in a row and traded near 105 mark against the dollar. Honda said August sales in China declined 5.5% and Nissan sales in the month edged down 0.7%.

Telefonica to Sell Telecom Italia Stake, Redrow Profit Surges

Nigel Thomas
02 Sep, 2014
New York City

Telefonica plans to sell its stake in Telecom Italia and acquire broad band unit in Brazil controlled by France bases Vivendi. Johnson Service net swung to profit after revenue jumped 6%. Redrow profit surged 93% to

Australian Rates on Hold, Current Account Deficit Widens

Marcus Jacob
02 Sep, 2014
New York City

Reserve Bank of Australia held interest rate at the level maintained since thirteen months and estimated low interest rates until next year. Australian current account deficit soared to $13.7 billion in June quarter and building approvals increased 2.5% in July on a monthly basis.

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