Market Update

Japan's Population Shrinks for the Third Year, China's Growth Slows to 7.4%

Hiruki Nakamura
16 Apr, 2014
New York City

Stocks in Tokyo advanced for the second day in a row and China

BHP, Fortescue Offer Positive Production Outlook

Marcus Jacob
16 Apr, 2014
New York City

Australian market indexes opened higher and gained 0.6%. BHP Billiton lifted its annual production outlook and Fortescue Metals reaffirmed its iron ore production estimate. National Broadband Netowrk said quarterly loss widened.

India Movers: Gujarat Pipavav, Godrej, HCC, IndusInd Bank, Jubilant Food, TCS

Mukesh Buch
16 Apr, 2014
New York City

Godrej received regulatory approvals to merge with Wadala Commodities. HCC secured a contract worth Rs 300 crore from Delhi Metro. IndusInd Bank net climbed 29%. Tata Steel production and sales jumped.

Charles Schwab, J&J, Coca-Cola Rise; Comverse, Northern Trust Fall

Mukesh Buch
15 Apr, 2014
New York City

Charles Schwab net surged 58%. Comerica profit rose 4%. Johnson & Johnson net climbed 35% and sales jumped 4%. Coca-Cola net dropped 8% and revenue declined 4%. Northern Trust net soared 11%.

Europe Movers: Debenhams, L'Oreal, Nestle, Rio Tinto, SABMiller

Nigel Thomas
15 Apr, 2014
New York City

Debenhams profit declined 23% to

U.S. Inflation Rises 0.2%, Zebra Tech to Buy Motorola Solutions' Division

Nichole Harper
15 Apr, 2014
New York City

U.S. stocks struggled to advance as earnings season gain momentum. U.S. consumer prices reported by the government rose 0.2% in March. Zebra Technologies agreed to acquire enterprise division from Motorola Solutions for $3.45 billion in cash.

Financials Lead Gainers in Japan Indexes, Shippers Fall on Rate Weakness

Hiruki Nakamura
15 Apr, 2014
New York City

Stocks in Tokyo halted a seven-day losing streak and financials led the gainers. The yen strengthened and the ocean freight shipping companies led the decliners after the measure of freight rate declined for the fourteenth day in a row.

Rio Tinto Offers Positive Production Outlook, Australian Stocks Advance

Marcus Jacob
15 Apr, 2014
New York City

Australian market indexes advanced after Rio Tinto offered positive production outlook and latest minutes of RBA meeting offered no urgency to increase rates from the record low of 2.5%.

India Movers: Diageo Lifts United Spirit Offer, Infosys Profit Jumps

Mukesh Buch
15 Apr, 2014
New York City

CMC net soared 27% and revenue jumped 11%. Clariant Chemicals sold its 87 acres in Thane for Rs 1,154.25 crore. GRUH Finance profit climbed 17%. Infosys profit increased 4% but revenue fell and lifted its outlook. IStreet Network plans to raise Rs 100 crore.

Citigroup, Goodrich, J.B. Hunt, WebMD Health Climb

Mukesh Buch
14 Apr, 2014
New York City

Citigroup net jumped 4% and revenue fell 2%. Goodrich Petroleum surged after commencing production from its Louisiana well. J.B. Hunt profit dropped 6% but revenue soared 9%. M&T Bank net plunged 16%. WebMD Health soared after lifted its first-quarter outlook.

Glencore Sells Peru Mine for $5.85 B, Symrise in

Nigel Thomas
14 Apr, 2014
New York City

Glencore Xstrata sell its stake in the Las Bambas copper mine to China-based Minmetals for $5.85 billion in Peru. Kuehne & Nagel net climbed 12% but sales fell 1%. Marine Harvest said production increased. Symrise offered to buy Diana Group for in a

U.S. Retail Sales Rise 1.1%, Ukraine Tensions Rise

Nichole Harper
14 Apr, 2014
New York City

U.S. stocks advanced and retail sales rose more than expected in March, TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion. Euro zone industrial production edged up 0.2% in February. Tensions in Europe rose after violence in Ukraine intensified.

TIAA-CREF to Acquire Nuveen Investments for $6.25 Billion

Devan Biswas
14 Apr, 2014
New York City

Financial services provider TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion, including debt.

Nikkei and Asian Markets Decline

Hiruki Nakamura
14 Apr, 2014
New York City

Nikkei index in Tokyo extended losses as markets across Asia declined. The yen gained and exporters and auto makers extended weekly losses. Aderans Co Ltd gained after the retailer reported earnings and sales soared.

Australian Markets Extend Losses, Westfield to Split Businesses

Marcus Jacob
14 Apr, 2014
New York City

Australian and Asian markets declined after a weakness in tech stocks in the region. Westfield takes steps to split its domestic and international businesses. QBE Insurance Group is looking for ways to restructure its U.S. underwriting business.