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Surprise Devaluation in China Knocks Down Sensex and Asian Markets

Sarla Buch
07 Jan, 2016
New York City

Sensex in Mumbai declined after markets in Asia plunged between 2% and 3%. Markets in Asia fell after China allowed its currency to fall further and faster. The central government of India plans to sell its $1.3 billion stake in Axis Bank.

Nikkei Extends Weekly Losses on Global Growth Worries

Hiruki Nakamura
06 Jan, 2016
New York City

Nikkei in Tokyo extended weekly losses and the yen advanced on the rising geopolitical tensions and the increased global growth worries. The delivery services provider Ait Corp eased after revenues in the third quarter slipped 1.3%.

Sensex Extends 3-Day Losses, Rupee Nears Record Low

Sarla Buch
06 Jan, 2016
New York City

Philips Morris may acquire a controlling stake in Godfrey Philips India. Bank of India allotted shares to Life Insurance Corporation. L&T said its construction unit won orders for about ₹2,871 crore. SEBI banned Valecha Engineering and its promoters for three year from capital markets.

Delta Air December Traffic Up, Sonic Net Rises 24%

Mukesh Buch
06 Jan, 2016
New York City

Delta Air Lines said passenger traffic in December rose and revised fares higher in 2016. Monsanto net swung to a loss. MSC Industrial net declined 4%. Sonic fell despite revenues and earnings top estimate and estimated net to increase between 16% and 20%.

European Markets Fall 2% on Global Growth Worries

Lucy Stoeva
06 Jan, 2016
New York City

European stocks were sharply lower Wednesday on concerns about the global economic growth. The services PMI in China dropped to a 17-month low in December. Electricite de France SA may record about

Yen Advances as China Pumps More Liquidity

Hiruki Nakamura
05 Jan, 2016
New York City

Nikkei in Tokyo eased and the yen advanced as volatility gripped markets in Shanghai, Tokyo and Mumbai. Crude oil drifted lower and the yen gained after central bank in China pumped additional liquidity to financial system.

Sensex in India Looks Down as Asian Markets Remain Nervous

Sarla Buch
05 Jan, 2016
New York City

Stocks in Mumbai looked down and market indexes declined for the second day in a row in 2016. People

Volatile European Markets, Orange and Bouygues Confirm Talks

Lucy Stoeva
05 Jan, 2016
New York City

European markets closed little changed after a volatile trading session. December unemployment in Germany was flat at 6.3%, the lowest in 24 years. Volkswagen faces more civil penalties in the U.S. Orange and Bouygues confirmed merger talks.

Ford, GM, Chrysler Auto Sales Jump; Eli Lilly Lowered Outlook

Mukesh Buch
05 Jan, 2016
New York City

Activision acquired the e-sports publisher Major League Gaming. Eli Lilly lowered earnings per share forecast. Ford December sales soared 8.4%, Fiat Chrysler sales surged 12.6% and GM sales jumped 5.7%. Intel agreed to buy Germany-based Ascending Technologies.

S&P 500 Down 2.2% on Global Sell Off

Nichole Harper
04 Jan, 2016
New York City

U.S. stock markets opened sharply lower due to on the growing evidence of slowdown in China, escalating tension in the Middle East, and volatile oil prices. Tesla Motors fell 7% after the automaker met the low end of its revised unit sales forecast in the fourth quarter.

Nikkei Plunges 3% Following Shanghai Rout

Hiruki Nakamura
04 Jan, 2016
New York City

Nikkei in Tokyo plunged more than 3% following on a growing worries of slowdown in China and rising tensions in the Middle East. Fujifilm may consider bidding for medical business of Toshiba Corp.

European Markets Plunge 2.4% on China Slowdown Worries

Lucy Stoeva
04 Jan, 2016
New York City

European markets fell sharply on the first trading day in 2016 amid weak data on Chinese manufacturing and rising tensions in the Middle East. Fiat Chrysler Automobiles plunged 35% after the company spun off Ferrari. Nokia and Alcatel-Lucent won a regulatory approval for merger.

Sensex Drops 2.1%, Maruti Leads Auto Sales Growth in December

Sarla Buch
04 Jan, 2016
New York City

Ashok Leyland said vehicle sales in December soared 31%. Maruti Suzuki sales jumped 13.5% but Tata Motors sales declined 4% in the month. Bajaj Auto sales were unchanged and Hero MotoCorp said two-wheeler sales declined 5.3% in the month.

After First Decline in 4 Years, Analysts Expect Sensex to Jump 30% in 2016

Sarla Buch
01 Jan, 2016
New York City

Sensex on the first day of trading in 2016 advanced cautiously and brokerage firms estimated sharp escalation in market indexes but in volatile fashion. Maruti Suzuki said December vehicle sales advanced 9%.

2015: Tollbooth Strategy Leads With 7.6% Rise, Crude Oil Falls 36%

Nichole Harper
31 Dec, 2015
New York City

After a volatile year, U.S. indexes failed to make advance in the second-half. S&P 500 index declined 0.6% in 2015 but the Tollbooth Strategy led the U.S. indexes with a surge of 7.6%. Germany led the European markets with 15.6% rise and Japan closed up 9.1%.

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