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Nikkei in Tokyo Jumps 1.6%, ANA Wins Tokyo Downtown Airport Slots

Hiruki Nakamura
06 Mar, 2014
New York City

Market averages in Tokyo closed higher and the yen eased. The situation in Ukraine appeared to not worsen any more after the European Union cobbled together $15 billion in aid and held out a warning for Russian sanctions. ANA Holdings won 11 new daytime slots from Tokyo downtown airport.

Australian Trade Surplus at Two-Year High, Retail Sales Rise

Marcus Jacob
06 Mar, 2014
New York City

Australian indexes in choppy trading lacked direction and traded near flat line. Retail sales in January increased 1.2% and trade surplus in the month increased to a seasonally adjusted $1.43 billion, largest since August 2011.

India Movers: AstraZeneca, Glaxo, IL&FS, Ramco Systems, Tata Power

Mukesh Buch
06 Mar, 2014
New York City

AstraZeneca plunged 9% after drug maker differed its delisting plan. IL&FS to issue debentures worth Rs 100 crore. Ramco Systems signed a pact with Malaysia Airlines for 5-years. Tata Power plans a rights issue to raise Rs 2,000 crore.

Federal Signal, Gentherm Rise; Canadian Solar, Revlon Fall

Mukesh Buch
05 Mar, 2014
New York City

Canadian Solar net swung to a profit after sales surged 76%. Federal Signal net surged to $27 million. Hovnanian said net loss in the quarter widened. Memorial Production net jumped and acquired certain assets in East Texas. Revlon net swung to a loss.

Europe Earnings: Adidas, Carillion, Legal & General, Standard Chartered, Soco

Nigel Thomas
05 Mar, 2014
New York City

Adidas net surged 49% to

U.S. Stocks in Holding Pattern, EU Offers $15 B Loans to Ukraine

Nichole Harper
05 Mar, 2014
New York City

Stock on Wall Street lacked direction as foreign ministers of U.S. and Russia meet in Paris. The latest private sector jobs and service sector growth data may have been impacted more than estimated by harsh weather. The IMF urged the ECB to provide more financial liquidity.

Nikkei in 2-Day Rally, Fast Retailing Hong Kong Listing Soars 7%

Hiruki Nakamura
05 Mar, 2014
New York City

Indexes in Japan traded higher for the second day in a row and the yen eased after investors hoped tensions between Russia and Ukraine will ease. Fast Retailing saw its stock listing soared 7% on the first day in Hong Kong. Bank of Japan said monetary base expanded at a record 1.9% in February.

India Movers: Autoline, Alstom, Glaxo, PNB, RCom, TCS, UPL

Mukesh Buch
05 Mar, 2014
New York City

Autoline Industries is looking to sell its U.S. subsidiary. Alstom won contract worth

Australian Indexes at a New 5-Year High, Miners in Focus

Marcus Jacob
05 Mar, 2014
New York City

Australian market indexes closed at a new five-and-a-half year high after December quarter growth was ahead of expectations and hopes of tensions easing in Ukraine. Iron ore miners were in focus on the expectations of a revival in merger deals.

U.S. and World Markets Rebound on Putin Comments

Nichole Harper
04 Mar, 2014
New York City

U.S. and global market indexes rebounded on the hopes of easing tensions in Ukraine. At least for now Russia appears to be not prepared to increase military strength. Gold and crude oil futures eased. RadioShack plans to close as many as 1,100 or 20% of its stores.

E. W. Scripps, Insys Therapeutics, MBIA Climb; AutoZone Falls

Mukesh Buch
04 Mar, 2014
New York City

AutoZone net jumped 9% and sales climbed 10%. Bank of Nova Scotia net profit and revenue increased. E. W. Scripps net plunged 71%. Hilltop net and interest income surged. MBIA net tumbled 79%.

Europe Earnings: Beiersdorf, Daimler, Premier Foods, Serco

Nigel Thomas
04 Mar, 2014
New York City

Beiersdorf profit climbed 12% to

Markets in Tokyo and Asia Rebound, Japanese Auto Sales Rise 14.7%

Hiruki Nakamura
04 Mar, 2014
New York City

Market sentiment in Asia and in Japan recovered and the Nikkei and Topix indexes added 0.5% and the yen eased 0.4% to drop below 102 against one U.S. dollar. Real estate companies led the gainers. Human error in Osaka trading halted Nikkei 225 futures for more than 20 minutes.

Australian Rates on Hold for 6th Month, Qantas to Split in Two Airlines

Marcus Jacob
04 Mar, 2014
New York City

Reserve Bank of Australia left its key lending rate at record low 2.5% for the sixth month in a row. Governor Glenn Stevens also renewed his campaign to lower the Aussie dollar. Government agreed to amend legislation to split Qantas into two carriers.

India Movers: Ashok Leyland, Bharti Airtel, GMR, HCC, IVRCL

Mukesh Buch
04 Mar, 2014
New York City

Ashok Leyland February sales declined 21%. Bharti Airtel seek to acquire telecom licences and subscribers of Essar Telecom Kenya for $100 million. GMR won rail line projects worth Rs 267 crore in Uttar Pradesh. HCC secured Rs 903 crore order from Karnataka.

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