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Australian Mining Sector Fallout Spreads

Marcus Jacob
23 May, 2014
New York City

Australian markets traded higher in volatile week of trading and mining services company face the brunt of slowdown in the sector. Australian dollar eased but traded near elevated level. Treasury Wine Estates jumped 5% on the speculation of a rival bid.

Europe Earnings: Atos, InterContinental Hotels, Rockhopper, Rosneft

Nigel Thomas
26 May, 2014
New York City

Atos agreed to acquire its rival Bull for

India Movers: EIL, Lanco, Muthoot Finance, Moil, TCIL, Vardhman Textiles

Mukesh Buch
26 May, 2014
New York City

Dhanlaxmi Bank net swung to loss. EIL net tumbled 43%. Lakshmi Machine profit surged 88%. Lanco Infratech net loss widened. Muthoot Finance plunged after net and revenue declined 18%. Moil net soared 36%. TCIL profit climbed 48%. Vardhman Textiles net jumped 34%.

Nikkei Extends Gains on U.S. Housing Data

Hiruki Nakamura
26 May, 2014
New York City

Investors in Japan reacted positively to the U.S. new home sales data released on Friday. The yen traded at a 2-year high and the Topix added 1.2% gained after rising 1.8% in the previous week. Sony enters in two joint ventures in China after the nation 13-year ban on game console sale.

Thin Trading in Australian Stocks, SAI Receives $1.1 Billion Offer

Marcus Jacob
26 May, 2014
New York City

Australian market indexes closed higher in thin trading and the dollar traded at elevated level against the U.S. dollar. SAI Global terminated its contract with chief executive and the company received a takeover offer of $1.1 billion.

U.S. Jobless Claims and Home Sales Rise, World Markets Advance

Nichole Harper
22 May, 2014
New York City

Stocks on Wall Street extended gains and weekly jobless claims rose and existing home sales increase for the first time this year. World markets traded higher and a private survey in China showed a slight improvement in manufacturing. India is set to appoint new prime minister on Monday.

Nikkei Surges 2% on Fed Statement and China Data

Hiruki Nakamura
22 May, 2014
New York City

Market indexes in Tokyo shot up and investors looked at international developments. Nikkei soared 2.1% after the U.S. Fed held its low interest rate policy intact and a private survey in China indicated a slight improvement in manufacturing. Modi is set takeover as Prime Minister in India on Monday.

Australian Indexes Soar 1%, James Hardie Surges 6%

Marcus Jacob
22 May, 2014
New York City

Australian market indexes closed higher after the latest private manufacturing survey showed a slight uptick in activities. Investors also bid up stocks after Fed estimated low interest rates to continue in the near future. James Hardie soared 6% after annual net income doubled.

Russia and China in 30-Year Gas Deal on New Geopolitical Realities

Bikram Pandey
21 May, 2014
New York City

Russia and China agreed on a natural gas after a decade long discussions culminated under a new geopolitical realities. The $400 billion deal over 30 years is expected to diversify Russian energy customer base and offer added energy securitiy to China.

Fed Statement Powers Stock Advance on Wall Street

Nichole Harper
21 May, 2014
New York City

U.S. market indexes traded higher after Fed policy makers debated options and impacts of higher interest rates regime. The policy makers at the central bank see no inflation risk in the near term despite the pickup in economic activities.

Japan's Trade Deficit in April Narrows, BoJ Leaves Policy Intact

Hiruki Nakamura
21 May, 2014
New York City

Bank of Japan left its ultra-accommodative monetary policy intact and offered a positive assessment of the economy after a two-day meeting. Japan

Australian Indexes Struggle on Weak Iron Ore Prices

Marcus Jacob
21 May, 2014
New York City

Australian market indexes struggled and declined at close on the persistent weakness in iron ore prices. The wage price index in the March quarter increased 0.7%, the slowest pace in 16 years. Woodside Petroleum Limited walked away from its joint venture in Israel.

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