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Sensex Rebounds; India, Russia Deepen Military and Commercial Ties

Sarla Buch
28 Dec, 2015
New York City

India and Russian companies sign contacts to increase local content in defense equipment and systems and speed up construction of nuclear power plants. Tata Power, Essar, Reliance, Bharat Forge are some of the leading companies engaged in joint developments.

Bargain Hunters Return to Tokyo, Hon Hai Pursues Sharp

Hiruki Nakamura
28 Dec, 2015
New York City

The Nikkei 225 average closed higher as bargain-hunting offset disappointing November production and retail data. Taiwan-based Hon Hai Precision Industry is exploring to acquire Sharp Corp. Tri-Stage expects annual net income to plunge 23.1%.

Nikkei and Yen Ease in Quiet Trading

Hiruki Nakamura
25 Dec, 2015
New York City

Nikkei 225 average closed lower in muted trading and the yen edged down against the U.S. dollar. J. Front Retailing reported nine-month sales increased 2.5% and net income soared 79%.

Stocks Lack Cheer on Wall Street, Oil in 4-Day Advance

Nichole Harper
24 Dec, 2015
New York City

Stocks on Wall Street lacked cheer and market indexes rested ahead of early closure. Crude oil gained for the fourth session in a row and jobless claims in the previous week dropped to a 42-year low. European markets were little changed and energy prices were in focus.

Nexstar Pursues Media General, Salesforce Buys SteelBrick

Mukesh Buch
24 Dec, 2015
New York City

EZCorp net loss widened. Nexstar Broadcasting is in talks to acquire Media General for $2 billion. Piedmont Natural Gas net dropped 5%. Salesforce.com agreed to acquire billing services provider SteelBrick for $360 million.

FTSE 100 Gains In Quiet Trading as Oil Edges Up

Lucy Stoeva
24 Dec, 2015
New York City

European markets traded higher after resource heavy FTSE 100 index edged up. Indexes in Spain gained but in France edged lower. Markets in Germany were closed.

DLF and GIC Finalize Investments, Reliance and Almaz in Frigate Deal

Sarla Buch
24 Dec, 2015
New York City

Reliance Defence and Russia-based AlmazAntey for manufacture the four frigates for the Indian Navy worth $4.8 billion. Singapore controlled fund invested $300 million in housing projects developed by DLF. ONGC plans to invest $530 million in three coal-bed methane blocks in eastern India.

Fujitsu Separates Computing and Mobile Businesses, Nikkei Eases

Hiruki Nakamura
24 Dec, 2015
New York City

Nikkei 225 average slipped and the yen eased in thin trading as markets in Europe and in New York wind down ahead of Christmas Holiday. Fujitsu Ltd decided to separate its mobile phone and computing businesses. Monex Group reported November revenues edged.

Weekly Surge of 3.4% in Sydney, Onthehouse Soars on Takeover Offer

Marcus Jacob
24 Dec, 2015
New York City

Australian market indexes gained and extended weekly gain to 3.4%. Australian dollar edged higher to 72.52 U.S. cents and gold and crude oil bounced from the recent lows. Real estate software developer Onthehouse soared on a takeover offer.

Wall Street and European Markets Extend Rally, Brent Crude Struggles

Nichole Harper
23 Dec, 2015
New York City

Wall Street indexes extended gains for the third day in a row after crude rebounded from an 11-year low and personal income increased and durable goods orders were unchanged. European markets closed higher on bargain hunting.

Lindsay, Nike Soar; Bed Bath & Beyond, Micron Technology Plunge

Mukesh Buch
23 Dec, 2015
New York City

Bed Bath & Beyond plunged 6% on weak sales and earnings per share forecast. Lindsay revenues and net declined 9%. Micron Technology net tumbled 79%. Nike profit surged 20%. Paychex net jumped 9%. ConocoPhillips agreed to sell its 50% stake in Rosneft.

European Markets Jump 2% on Brief Rebound in Brent Crude

Lucy Stoeva
23 Dec, 2015
New York City

European markets jumped 2% after Brent crude rebounded from the lowest since 2004 a day earlier. OPEC report suggested that the demand for its crude in 2020 is likely to be less than in 2016. Game Digital tumbled. Interbulk agreed to be acquired.

Sensex in Mumbai Jumps 1%, Rupee in 6-Day Rally

Sarla Buch
23 Dec, 2015
New York City

Rupee strengthens for the sixth day in a row. Wipro agreed to acquire Viteos Group for about $130 million. L&T secured orders worth ₹1,178 crore in December. Tata Steel is in talks to sell its U.K.-based steel unit to a private equity firm.

Australia Extends Six-Day Rally, Aurizon Lowers Profit Outlook

Marcus Jacob
23 Dec, 2015
New York City

Australian markets extended gains for the sixth day in a row on the strength in banking and mining stocks. Aurizon Holdings issued a profit warning. Mirvac Group signed an agreement with China Investment Corp. Slater & Gordon Limited faces another class action suit.

U.S. Home Sales Drop, GDP Estimate Lowered to 2%

Nichole Harper
22 Dec, 2015
New York City

Market indexes on Wall Street struggled to extend 2-day gains and commodities lacked direction in lacklustre trading. Existing home sales in November declined 10.5% but median home price rose 6.3%. European deal announcements picked up. Asian markets closed mixed.

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