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Europe Earnings: Aveva, BG Group, Ericsson, Ziggo

Nigel Thomas
27 Jan, 2014
New York City

Aveva estimated strong third quarter results. BG Group plunged 15% after it lowered estimated production and profit outlook. Ericsson and Samsung settled global patent disputes. Liberty Global agreed to acquire remaining stake in Ziggo for

Currency Rout Spreads to Argentina, Venezuela, Egypt, Turkey and Ukraine

Devan Biswas
24 Jan, 2014
New York City

Emerging markets currencies and stocks accelerated the decline after the contagion rooted in Argentina spreads to Asia and Eastern Europe. Argentina and Venezuela devalued their currencies but more declines may follow as the official rates lag economic fundamentals.

Global and U.S. Markets Extend 1% Loss to Second Day

Nichole Harper
24 Jan, 2014
New York City

World markets and U.S. indexes extended losses of more than 1% for the second day in a row after emerging-markets currencies contagion widen. Microsoft reported record quarterly sales and earnings. Bristol-Myers quarterly sales rose 6% but net plunges 22%. European banks closed lower.

Kimberly-Clark, P&G Jump; Record Sales at Microsoft

Mukesh Buch
24 Jan, 2014
New York City

Bristol-Myers net declined 22%. Honeywell net surged. Kimberly-Clark profit doubled on flat sales. Microsoft net grew 3% after revenue soared 14%. Procter & Gamble net plunged 16%. State Street Corp net slid 1%.

Europe Earnings: Celesio, Greggs, Henry Boot, Novartis, Royal Mail

Nigel Thomas
24 Jan, 2014
New York City

McKesson agreed to acquire Celesio after a deal revision. Greggs said total sales in the third quarter grew 3.6%. Henry Boot expects revenues for the year were about

Yen Advances as Emerging-Markets Currencies Slide

Hiruki Nakamura
24 Jan, 2014
New York City

Market indexes in Tokyo edged lower and declined for the week as the yen gained and emerging market currencies eased. Toyota lifted its global sales outlook and estimated record sales. Nitto Denko sales soared in December.

Australian Indexes in Third Weekly Decline, Echo Sells Jupiters Complex

Marcus Jacob
24 Jan, 2014
New York City

Australian market indexes extended losses for the third week and the Aussie dollar edged to a 3-year low. Echo Entertainment agreed to sell its Jupiters Townsville hotel complex for $70 million.

India Movers: Atul, BEL, Cairn India, Novartis, Ranbaxy, Uco Bank, UPL

Mukesh Buch
24 Jan, 2014
New York City

Atul revenue and profit surged. Bharat Electronics net slid 3%. Cairn India profit slid 14% and sales soared 17%. Novartis net plunged 47%. Ranbaxy plunged after US prohibited its drugs from its Toansa facility in Punjab. Uco Bank net tripled. UPL net climbed 52%.

World and U.S. Market Indexes Drop 1%

Nichole Harper
23 Jan, 2014
New York City

World and U.S. market indexes declined after China

Nikkei in Tokyo Drops 0.8%, Nidec Surges on Buyback Plan

Hiruki Nakamura
23 Jan, 2014
New York City

Nikkei in Tokyo fell 0.8% following Asia-wide sell-off after a private survey indicated a contraction in manufacturing growth in China. The yen traded near its 2-year low. Nidec gained 6% after the company raised its full-year net income outlook and launched a buyback program.

China Growth Worries Drag Australian Stocks Lower, Newcrest Lifts Outlook

Marcus Jacob
23 Jan, 2014
New York City

Australian dollar and Asian stocks declined 1% after a private survey indicated a slowdown in manufacturing in China. Saputo is close to acquiring WCB after a 17.7% minority stake holder agreed to sell its stake. Newcrest boosted its 2014 outlook and said all six mines are operating at a profit.

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