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World Markets Advance, U.S. Weekly Jobless Claims at 7-Year Low

Nichole Harper
19 Jun, 2014
New York City

U.S. weekly jobless claims at the end of last week hovered near a seven-year low. European and Asian markets advanced after U.S. policy makers estimated rates to remain low for at least another two years. Oil traded at elevated level and gold gained.

Nikkei Leads Asian Rally, Yen Advances

Hiruki Nakamura
19 Jun, 2014
New York City

Market indexes in Japan rose following a rally in Asian markets after the U.S. policy makers issued a dovish interest rate outlook. Nikkei index gained 1.6% and yen strengthened to 101.78 against one dollar. Tokai Tokyo Financial and Nissan Chemical advanced on earnings reports.

Australian Indexes Soar 1.6%, Aussie Dollar Jumps Near Yearly High

Marcus Jacob
19 Jun, 2014
New York City

Australian market indexes opened higher and closed up 1.6% after iron ore prices recovered to above $90 a ton. Weak interest rate outlook in the U.S. for the next two years also lifted market sentiment. Ten Network dropped on weak revenue outlook.

India Movers: Crompton Greaves, EIL, RCom, United Spirits

Mukesh Buch
19 Jun, 2014
New York City

Crompton Greaves put up a part of its land parcel of Mumbai for sale. EIL signed a contract with Nigeria based company worth $139 million. United Spirits plunged after Diageo

Fed Trimmed Stimulus and Lifted Target Rates for Next Two Years

Nichole Harper
18 Jun, 2014
New York City

Stocks on Wall Street turned higher after Fed trimmed its bond buying program for the fifth meeting in a row and cited improving labor market conditions and business spending. Fed also raised its estimate of rates for the next two years.

Yen Trading Oveshadows Stocks in Tokyo

Hiruki Nakamura
18 Jun, 2014
New York City

Stocks in Tokyo close higher and market indexes gained and yen trading was in focus after investors sought the safety in currency on the rising tensions in Iraq. Kobe Steel forecasted a return profitability in the current year. Seven & I plan to expand to Dubai in 2015.

Adobe, Air Products, FedEx Jump; Actuant, ConAgra, La-Z-Boy Fall

Mukesh Buch
18 Jun, 2014
New York City

Actuant net swung to profit on 10% increase in sales. Adobe profit soared 16%. Air Products won a five-year contract from NASA. ConAgra CEO sold 50,000 shares on Monday. FedEx net more than doubled. JTH Holding net climbed 14%. La-Z-Boy profit declined 74%.

Europe Earnings: Berkeley, BMW, First Quantum, Premier Foods, Rheinmetall

Nigel Thomas
18 Jun, 2014
New York City

Berkeley Group profit surged 40% to

South Africa Based Woolworths Approves David Jones Acquisition

Marcus Jacob
18 Jun, 2014
New York City

Australian trading volume surged after Royal Dutch Shell sold its stake in Woodside Petroleum. South Africa based Woolworth shareholders approved the deal to acquire David Jones. Aquila Resources recommended to merge with China based Baosteel.

India Movers: Cipla, Gati, Kotak Mahindra, Network 18, RIL

Mukesh Buch
18 Jun, 2014
New York City

Cipla agreed to acquire 60% stake in a Sri Lankan company for $14 million. Kotak Mahindra won an approval to increase foreign investment ceiling to 40%. RIL plans to invest $11.7 billion in telecom business and expected the approval of higher natural gas price in the next budget.

Stocks on Wall Street Fluctuate as Fed Began 2-Day Policy Meeting

Nichole Harper
17 Jun, 2014
New York City

U.S. market indexes eased and Federal Reserve began two-day policy meeting. Gold and oil consolidated and violence in Iraq spread to more regions. Siemens and Mitsubishi Heavy offered a rival bid for energy business of Alstom SA in France. U.S. housing starts drop 6.5% in May.

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