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Ford, GM, Chrysler Auto Sales Rise; Shoe Carnival, Thor Soar

Mukesh Buch
01 Dec, 2015
New York City

Ford auto sales increased 3% and GM vehicle sales rose 1.5% in November. Fiat Chrysler sales jumped 3% and record November sales since 2000. Bank of Montreal net rose 2%. Bank of Nova Scotia profit surged 31% on 6% increase in revenues. Shoe Carnival net plunged 13%. Thor net jumped 30%.

U.K. Banks Clear Stress Tests, Accor Acquires 29 Hotels in Europe

Lucy Stoeva
01 Dec, 2015
New York City

In a mixed trading session, European markets mostly declined. Banks provide a boost to the FTSE 100 index in London. France-based Accor acquires 29 hotels across Europe for

Nikkei Halts 3-Day Decline, Nissan to Lift Renault Stake to 25%

Hiruki Nakamura
01 Dec, 2015
New York City

Nikkei average in Tokyo rose after three-days of decline. The manufacturing sector continued to expand in November and capital spending surged 11.2%. Nissan lifts its stake in Renault to 25%.

With Rates on Hold, Bargain Hunting Drives Australian Stocks Higher

Marcus Jacob
01 Dec, 2015
New York City

The Reserve Bank of Australia left the official cash rate unchanged at historic low 2% and held out for a possible rate cut in 2016. Building approvals increased 3.9% in October. ASX 200 index soared 1.9%.

RBI in India Leaves Rate Unchanged; Maruti, M&M Auto Sales Jump

Sarla Buch
01 Dec, 2015
New York City

The Reserve Bank of India left its repo rate unchanged at 6.75%. Maruti Suzuki India said auto sales in November advanced 9.7% and M&M vehicle sales surged 21%. TV18 and CNN plans to renew their partnership.

Wall Street and Europe Awaits Rate and Stimulus Decisions

Nichole Harper
30 Nov, 2015
New York City

Stocks on Wall Street generally traded higher in listless trading as investors await central bankers decision in Washington and Brussels. Retail stocks were in focus for the second day after several large retailers struggled to cope with a surge in online store traffic.

Nikkei Trims November Gain to 3.5%, Japanese Auto Production Decline Extends

Hiruki Nakamura
30 Nov, 2015
New York City

Nikkei average in Tokyo slipped on the growing speculation that China may allow the yuan to depreciate soon. Domestic industrial output edged up in October, retail sales rose and automobile production declined for the sixteenth month in a row.

Optimism Prevails in Europe Ahead of the ECB Meeting

Lucy Stoeva
30 Nov, 2015
New York City

European markets inched higher. Aberdeen Asset Management loses

Tribune Publishing Denies Company Sale Talks

Mukesh Buch
30 Nov, 2015
New York City

Ford Motor said it plans to book $600 million charge linked to the bargaining agreement with the United Auto Workers union. NextEra Energy agreed to sell its stake in Forney and Lamar generating assets to Energy Future Holdings for $1.6 billion. Tribune Publishing said the company is not for sale.

Australian Indexes Drop 1.2% in November, BHP Faces $5.2 B Lawsuit

Marcus Jacob
30 Nov, 2015
New York City

ASX 200 index extended monthly loss to 1.2% on weakness in resource stocks. BHP and partner Vale SA face $5.2 billion damage lawsuit in Brazil. Mincor Resources changes management. Dick Smith books non-cash impairment of $60 million. Slate & Gordon rebounds.

GDP Growth in India Accelerates to 7.4%, Bharti to Expand Network

Sarla Buch
30 Nov, 2015
New York City

GDP growth in India accelerated to 7.4% in the fiscal second quarter. Amtek Auto said quarterly net swung to a loss. Bharti Airtel plans to invest $900 million in the next three years to expand coverage in India. Siemens India quarterly profit jumped 14% on 11% increase in revenues.

Nikkei in Tokyo Trims Weekly Gain to 1.5%

Hiruki Nakamura
27 Nov, 2015
New York City

Nikkei in Tokyo slipped after transport, textile and power shares declined. Nisshinbo, Sharp, Sumitomo Osaka Cement were among the worst performer. The consumer prices index in October increased 0.3% but jobless rate in October declined to a 20year low of 3.1%.

Early Caution in U.S. Holiday Shopping, World Markets Down on China Worries

Nichole Harper
27 Nov, 2015
New York City

Stocks on Wall Street traded sideways and shopper were in a cautious mood and search deeper bargains online. Holiday shoppers started early and most large discount stores began offering early bargains online to attract customers away from other online stores only.

Retailers in Focus as Holiday Shopping Kicks Off

Mukesh Buch
27 Nov, 2015
New York City

Retailers were in focus in New York trading as more customers shop online on Black Friday. China based social networking site Renren said net loss widened. Discount retailers Target and Wal-Mart report rising customer traffic at online stores.

China Worries Drag European Markets Led by Resource Stocks

Lucy Stoeva
27 Nov, 2015
New York City

European stocks were under pressure on the deepening economic slowdown in China. Rio Tinto plans to invest $1.9 billion to expand bauxite output. Royal Bank of Scotland booked a loss of

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