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Australian Indexes in 6-day Rally, Breville Plunges 18%

Marcus Jacob
21 Aug, 2014
New York City

Australian market indexes extended gains for the sixth session in a row but gains were trimmed in the afternoon after a private survey in China showed a marked decline in growth in manufacturing. Breville plunged 18% after CEO Jack Lord resigned. AMP net declined 3%.

Hertz Withdrew Guidance, Target Lowered Annual Outlook

Mukesh Buch
20 Aug, 2014
New York City

American Eagle net tumbled 70%. Hertz plunged after the rental services provider withdrew its outlook. Lowe

Stocks on Wall Street Look for Fed Support

Nichole Harper
20 Aug, 2014
New York City

Stocks on Wall Street advanced after lackluster morning trading ahead of Fed minutes of meeting release. Central bankers are scheduled to meet at the annual gathering organized by the Fed tomorrow. Target lowered its annual outlook. Hertz withdrew its forecast.

Balfour Rejects Revised Third Offer, Glencore Net Swings to Profit

Nigel Thomas
20 Aug, 2014
New York City

Balfour Beatty rejected third revised takeover offer from Carillion. Carlsberg profit climbed 7% to 2.2 billion kronor. Glencore net swung to profit of $1.7 billion. Heineken net fell 1% to

Japan Exports Rise in July, Trade Deficit Widens

Hiruki Nakamura
20 Aug, 2014
New York City

Stocks in Japan closed higher and the Topix declined for the first time in seven days. Trade deficit in July widened but exports rose for the first time in the month on the higher shipments to Asia, Europe and the U.S.

Eros and Zee TV in Content Partnership, Just Dial to Raise Capital

Mukesh Buch
20 Aug, 2014
New York City

Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.

Australian Central Bank Governor Focused on Rate Stability

Marcus Jacob
20 Aug, 2014
New York City

Reserve Bank of Australia Governor Glenn Stevens focused on rate stability in a speech to parliament. Australian markets extended two-week gains and prices of iron ore remained firm for Shanghai delivery. Woodside Petroleum first-half net increased 27%. Wesfarmers Ltd annual net increased 19%.

Steady Momentum in U.S. and World Markets

Nichole Harper
19 Aug, 2014
New York City

U.S. stocks extended gains for the second day this week after geopolitical tensions eased and oil prices remained under pressure for the third week in a row. BHP Billiton decided to spin off assets as the mining boom wanes and company structure becomes unwieldy. World markets remain in the upswing.

Tokyo Rally in Fifth Day, Topix in 7-day Advance

Hiruki Nakamura
19 Aug, 2014
New York City

Stocks in Tokyo gained for the fifth day and Topix Index closed higher for the seventh day in a row. Resource linked stocks were actively traded after oil and metals prices eased and geopolitical tensions eased. The yen traded above 102 against one dollar.

Dick's Sporting, Home Depot, TJX Surges; Elizabeth Plunges

Mukesh Buch
19 Aug, 2014
New York City

Dick''s Sporting net plunged 17% but revenue climbed 10%. Elizabeth net loss widened. Home Depot net soared 14.5% after sales jumped. Medtronic net declined 9%. TJX profit slid 0.5% while sales increased. Urban Outfitters net dropped 11%.

BHP to Spin Off $15 B of Assets, Maersk Net Soars

Nigel Thomas
19 Aug, 2014
New York City

Maersk profit surged 169% to 2.30 billion kronor and plans for share buy-back of 5.6 billion kronor. BHP Billiton net soared 23% to $13.8 billion and intends to spin off $15 billion of assets. Persimmon net climbed 63% to

BHP Billiton Net Rises, QBE Insurance Net Declines

Marcus Jacob
19 Aug, 2014
New York City

Australian indexes advanced and investors focused on the latest earnings announcements. After the close, BHP Billiton reported annual revenues increased 1.9% and net earnings surged 23%. Insurance Australia Group net soared 59% on lower than expected costs.

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