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Australian Indexes Climb Wall of Lower Oil Price Worries

Marcus Jacob
08 Oct, 2015
New York City

Australian market indexes closed higher and Aussie dollar stayed above 71 U.S. cents. Indexes lacked direction in trading and energy stocks closed higher but immediate outlook for crude oil is cloudy as traders prepare for a new price downturn.

Sensex and Rupee Struggle, Adani and Welspun in Power Plant Talks

Mukesh Buch
08 Oct, 2015
New York City

Rajesh Exports received an export order from UAE. Adani Power and Welspun are in talks to sell power plants. MAN Industries India secured orders worth $110 million. Trilogic and ITV Network partner for new channel ventures.

Earnings Anxieties Keep S&P 500 in Check, Oil Halts Rally

Nichole Harper
07 Oct, 2015
New York City

Investor anxieties intensified ahead of U.S. corporate earnings as most analysts kept earnings shortfall in the S&P 500 index between 3% and 6% in the third quarter. Oil rally halted after the latest U.S. government data showed rising inventories.

Nikkei in Longest Rally in Three Months on BOJ Easing Hopes

Hiruki Nakamura
07 Oct, 2015
New York City

Nikkei average in Tokyo advanced for the sixth session in a row and extended longest winning streak in three months. Investor shifted attention to the next meeting of policymakers at the end of October. Aeon Mall Co said first-half sales rose 14% but net declined nearly 5%.

Australian Construction Industry Growth Slows in September

Marcus Jacob
07 Oct, 2015
New York City

Australian market indexes lacked direction and closed higher in average trading. Construction industry survey showed a slight decline in growth in September. Insurance Australia Group announced the appointment of new chief executive.

Adobe, Nu Skin, Pandora Media, Yum! Brands Tumble, Monsanto Loss Widens

Mukesh Buch
07 Oct, 2015
New York City

Adobe declined on weaker outlook. Nu Skin plunged 25%. Acuity Brands profit and revenues soared. Constellation Brands net surged 54%. Global Payments net jumped 15%. Monsanto net loss widened. Pandora Media agreed to acquire Ticketfly. Yum! Brands profit rose 4%.

Germany and India Step Up Manufacturing Cooperation, Sensex Advances

Mukesh Buch
07 Oct, 2015
New York City

Germany and India stepped technology and manufacturing cooperation as Prime Minister Modi drives Make in India campaign. State Bank of India signed a loan agreement with German development bank KfW. HMT jumped after the machine tool maker and Fraunhofer agreed to work together.

AB Inbev Lifts SABMiller Offer Again, Tesco Net Swings to a Loss

Nigel Thomas
07 Oct, 2015
New York City

AB Inbev revised its proposal to acquire SABMiller to

Wall Street Halts Rally as IMF Lowers Growth Estimate

Nichole Harper
06 Oct, 2015
New York City

Stocks struggled on Wall Street after the IMF lowered global economic growth outlook for the second time this year and the rally in oil extended to third day in a row. Biotech companies remained under pressure as politicians look for ways to rein runaway price inflation.

Nikkei Rallies 2% in Two Days; J Front and Union Tools in Focus

Hiruki Nakamura
06 Oct, 2015
New York City

Nikkei average in Tokyo closed up 1% and the yen traded above 120-mark against the U.S. dollar. J. Front Retailing said first-half sales increased 2.8% and net income more than doubled. Union Tools said third-quarter sales increased 14% and net soared 52%.

Australian Rates on Hold for 5th Month, Ashley Services in Board Turmoil

Marcus Jacob
06 Oct, 2015
New York City

Australian market indexes trimmed gains after the RBA kept interest rate unrevised for the fifth month in a row. Aussie dollar gained for the third day after the central bank gave no indication of additional monetary easing. Ashley Services plunged on boar turmoil.

PepsiCo Net Drops; Container Store, Skyworks Plunge

Mukesh Buch
06 Oct, 2015
New York City

PepsiCo net tumbled 73%. Skyworks Solutions agreed to acquire smaller rival PMC-Sierra for $2 billion. AmerisourceBergen agreed to acquire PharMEDium Healthcare for $2.6 billion. Sarepta Therapeutics priced its public offering at $39 a share. Container Store profit plunged 61%.

Sensex Rises 0.6%; Gujarat NRE to Sell 62 Windmills in Gujarat

Mukesh Buch
06 Oct, 2015
New York City

Gujarat NRE Coke plans to sell 62 windmills in Gujarat. Tech Mahindra received a contract from Bombardier. Tata Steel signed an agreement with the Canada based company to develop iron ore sites.

Vivendi Lifts Telecom Italia Stake to 19.9%, Ted Baker Profit Jumps

Nigel Thomas
06 Oct, 2015
New York City

Vivendi increased its stake in Telecom Italia to 19.9%. Bouygues jumped on positive sales forecast for 2017. BTG tumbled on weak outlook. SABMiller second-quarter sales soared 6%. Ted Baker profit surged 15% and revenues surged 25%.

Wall Street and Europe Extend 2-Day Rally, Oil Bounces Higher

Nichole Harper
05 Oct, 2015
New York City

Market indexes on Wall Street jumped for the second day in a row on the hopes that the Fed may delay interest rate hike well into 2016 after the latest jobs report was deemed weaker than anticipated. Crude oil rallied after Russia sought cooperation with OPEC.

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