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Nippon Life Lifts Reliance Life Stake to 49%, Mumbai Stocks Ease

Sarla Buch
24 Nov, 2015
New York City

Stocks in Mumbai trading lacked directions as foreign investors trim holdings. Japan-based Nippon Life Insurance lifted its stake from 26% to 49% in Reliance Life Insurance. Max India plans to sell 23% stake in Max Bupa Health insurance.

Wall Street Higher After Largest Heathcare Merger, Cautious World Markets

Nichole Harper
23 Nov, 2015
New York City

Market indexes on Wall Street traded higher on Merger Monday and resource stocks led the gainers after Saudi Arabia agreed to cooperate with other oil producers to stabilize prices. Pfizer and Allergan agreed to the biggest merger in the healthcare sector.

Pfizer to Buy Allergan for $160 B, GE Divests U.K. Home Loan Unit

Mukesh Buch
23 Nov, 2015
New York City

Pfizer agreed merger of Botox maker Allergan for $160 billion. GE agreed to sell its U.K.-based home loans business of $5.9 billion to consortium led by Blackstone. Brookfield agreed to support Australia-based Asciano. Jacobs Engineering net tumbled. Tyson Foods net surged.

FTSE, DAX Fall on Weak Commodities; Diebold Approaches Wincor

Lucy Stoeva
23 Nov, 2015
New York City

Stock markets lost ground in Europe on weakening commodity prices. Playtech terminated merger agreement with Plus500. Tod

Sensex in India Falls on Asian Weakness

Sarla Buch
23 Nov, 2015
New York City

Tata Communications is in talks with South Africa-based Vodacom SA to sell its Africa-based subsidiary Neotel. SeQuent Scientific

Six Year Low Commodities Prices Weigh on Australian Stocks

Marcus Jacob
23 Nov, 2015
New York City

Stocks in Sydney trading struggled after commodities prices reached a 6-year low. Deal news lifted the market sentiment after Woolworths is looking to sell its struggling retail unit and Veda Group advised shareholders to accept $2.5 billion deal from Equifax.

S&P 500 and DAX Extend Weekly Rise Above 3%

Nichole Harper
20 Nov, 2015
New York City

S&P 500 index extended weekly gains to 3.4% and the widely followed measure is set to register best weekly gains in a year. Nike set the pace for the market gains in New York and ABN Amro was relisted in Amsterdam.

Nike Announces $12 B Repurchase Plan, Abercrombie Soars on Earnings

Mukesh Buch
20 Nov, 2015
New York City

Abercrombie & Fitch net soared but sales dropped 4%. Foot Locker net tumbled 33%. Esterline net swung to profit after revenues surged. Gap profit plunged 29%. Hibbett Sports lifted outlook. HRG net loss widened. Nike announces $12 billion share buyback plan.

ABN AMRO Jumps on Trading Debut, European Travel Stocks Drop

Lucy Stoeva
20 Nov, 2015
New York City

Markets in Europe closed higher on Friday. Oerlikon soared 6% after asset sale. ABN AMRO jumped 3.5% on its first day of trading. Nationwide profit surged 31%. Fuller, Smith & Turner profit and revenues jumped.

Nikkei at 3-Month High, BoJ Expects Moderate Economic Recover

Hiruki Nakamura
20 Nov, 2015
New York City

Nikkei average increased and extended 4-day rally on the strength in the yen. Pharmaceutical, food and chemical sector stocks led the gainers. Bank of Japan said the domestic economy expected to recover moderately.

Another Decline in Aussie Dollar, Retailers Lead Gainers in Sydney

Marcus Jacob
20 Nov, 2015
New York City

ASX 200 Index remained flat in lackluster trading amid weak commodity prices and improving results of retail companies. Kathmandu Holdings sales in the first-quarter surged 8.5%. Myer Holdings quarterly same store sales jumped 3.9%.

Weekly Advance of 1% in Sensex in India, Canara Bank Plans Bond Offering

Sarla Buch
20 Nov, 2015
New York City

Canara Bank plans to raise ₹2,400 crore via bond offering. Indian Financial Technologies sold its remaining 5% stake in Indian Energy Exchange. RPP Infra won a contract from NHAI. Simplex Castings received an order from Diesel Locomotive Works.

Wall Street Leads Global Advance, Square and Match IPO Soar

Nichole Harper
19 Nov, 2015
New York City

Wall Street indexes advanced at a slower pace and jobless claims declined at the end of last week supporting rate hike scenario at the next Fed meeting. Square Inc and Match Group soared on the first day on trading in New York.

Square Surges on Debut; Stein Mart Soar, Best Buy, Stage Stores Plunge

Mukesh Buch
19 Nov, 2015
New York City

Square stock surged 64% in its debut. Best Buy net soared but sales fell. Broadcom net jumped 21% while revenues plunged 9%. Buckle profit tumbled 12%. Cato profit surged and lifted forecast. Smucker net and revenues rose. Stein Mart net loss narrowed while Stage Stores net loss widened.

European Markets Advance; Sodexo, ThyssenKrupp Net Soar

Lucy Stoeva
19 Nov, 2015
New York City

European bourses recorded gains on the back of Sodexo stock buyback program and improving jobs market in the U.S. Royal Dutch Shell received Australian regulatory approval to acquire BG Group. Sodexo net soared 32%.

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