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India Energy Exploration Policy May Shift, Sensex Up in Asian Rally

Sarla Buch
17 Nov, 2015
New York City

ICICI Bank plans to sell its 6% stake in ICICI Prudential Life Insurance. HCL Tech secured a contract from Deutsche Bank. Central government committee is likely to recommend oil exploration policy that may lead to revenue sharing arrangement with the exploration companies.

Resource Stocks Lead 1.2% Rebound in Nikkei

Hiruki Nakamura
17 Nov, 2015
New York City

Nikkei average in Tokyo jumped higher following a rally in New York in overnight trading. Resource sector stocks jumped after crude oil increased for the second day in a row. JX Holdings is in talks to merge with rival the TonenGeneral Sekiyu.

Marriott Deal and Resilient European Markets Overshadow Nikkei Weakness

Nichole Harper
16 Nov, 2015
New York City

Stocks on Wall Street lacked direction and European markets retained positive bias but indexes in Asia struggled after Japan fell back into recession again. Marriott International agreed to acquire rival Starwood in $12 billion to become the largest hotelier in the world.

Marriott in $12.2 B Deal with Starwood, Berkshire Trims Goldman Stake

Mukesh Buch
16 Nov, 2015
New York City

Berkshire Hathaway lowered its stake in Goldman Sachs. Marriott Intl agreed to acquire Starwood Hotels & Resorts for $12.2 billion. Energy Transfer Partners agreed to divest its 68.4% stake of Sunoco LLC for $2.2 billion to Sunoco LP. Dillard''s net plunged 17%.

Australian Index Drops 0.9%

Marcus Jacob
16 Nov, 2015
New York City

Sydney benchmark index declined the most in nearly two months and fell below 5,000. Mining stocks and gold producers jumped while Rio Tinto fell 2.5%. The seasonally adjusted total vehicle sales in October declined 3.6%.

Markets Hold Firm and Take Paris Attack In Stride

Lucy Stoeva
16 Nov, 2015
New York City

European stock markets showed resilience after the terrorist attacks in Paris. Euro zone annual inflation rate increased to 0.1% in October. Accor led the declining tourism sector stocks. Diploma surged 17% on the rising annual income. Keller Group soared on positive outlook.

Japan Returns to Recesson on 0.8% Contraction

Hiruki Nakamura
16 Nov, 2015
New York City

In early trading Nikkei fell sharply over 1.5% after the domestic GDP contracted for the second quarter in a row. The economic growth worries were further compounded by the slowdown in the euro zone. J. Front and Takashimaya said October retail sales jumped.

Wholesale Price Fall in India Extends to One Year, Coal India Net Jumps

Sarla Buch
16 Nov, 2015
New York City

The wholesale prices in October dropped 3.81%, twelfth monthly decline in a row. Apollo Tyres plans to acquire Germany-based automotive products retailer. Coal India quarterly profit rose 16%. GMR Infra loss narrowed. MMTC Net swung to profit.

European Markets Fall 1% on Moderate GDP Growth

Lucy Stoeva
13 Nov, 2015
New York City

Economic data indicates moderate growth in the euro zone; Bouygues profit tumbled 53%. Heidelberger Druckmaschinen net loss narrowed. Syngenta surged after rejected the offer of $42 billion from China National Chemical Corporation.

Industrial Production and Inflation Gather Momentum in India

Sarla Buch
13 Nov, 2015
New York City

Industrial production increased at a faster pace in September and the consumer price index gathered momentum in October. National Aluminium said quarterly profit plunged 33%. CESC net rose 7%. Indiabulls acquired 40% stake in U.K.-based bank. Shipping Corporation quarterly net soared 767%.

European Markets Lack Direction, Rolls Royce Leads Aerospace Sector Lower

Lucy Stoeva
12 Nov, 2015
New York City

After a short rebound inspired by the hope ECB action, European markets plunge back in negative territory on disappointing corporate news. Profit warning from Rolls-Royce dragged aerospace stocks down. Siemens AG announces a buyback program.

European Markets Turn Higher on Corporate Deals and Restructuring

Nigel Thomas
11 Nov, 2015
New York City

European markets traded higher on Wednesday as breweries lift the spirits of the markets. Carlsberg announces restructuring and Anheuser-Busch InBev completes the purchase of SABMiller. Germany based Henkel earnings were ahead of expectations and lifted outlook.

World Markets Trade Lower, U.S. Inflation in Check and Commodities Fall

Nichole Harper
10 Nov, 2015
New York City

World markets were under pressure and commodities declined after China reported another month of record trade surplus and imports declined. Copper and oil continued to swoon lower. European markets declined on the growing anxieties in Portugal and the OECD lowered its 2015 global growth estimate.

Aecom, Astronics, D.R. Horton GE Rise; Rockwell, Sunedison Plunge

Mukesh Buch
10 Nov, 2015
New York City

GE won a contract worth $2.6 billion from the Indian railways. Aecom net tumbled 98%. Astronics profit soared 45%. D.R. Horton net surged 44% on 28% increase in revenues. Rockwell net plunged 19% after revenues declined 10%. Sunedison net loss widened.

Sensex in India Dropped 1.5%; Pfizer, Hindalco, NHPC Net Soar

Sarla Buch
10 Nov, 2015
New York City

Pfizer, the Indian unit of the drug maker said quarterly profit surged more than expected. The central government plans to sell 5% stake in Container Corporation of India. Hindalco net surged 31%. Hindustan Petroleum net swung to loss. NHPC net and revenues soared.

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