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China Manufacturing Drops to a 3-Year Low, Australian Markets Plunge 2%

Marcus Jacob
01 Sep, 2015
New York City

Australian markets plunged after the official manufacturing index in China dropped to a three-year low in August. Reserve Bank of Australian held its reference rate and cited slowing down Chinese economy. Myer Holdings plans to raise $211 million in a rights offering.

Sensex Drops 2% on Global Weakness, Maruti Sales Rises

Mukesh Buch
01 Sep, 2015
New York City

Sensex in Mumbai dropped 2% on weakness in China and European markets. Maruti Suzuki said August total sales increased 6% but Mahindra & Mahindra total sales declined 22%. Sun Pharma acquired opiates business in Australia from Glaxo. Petronet is looking to raise $155 million through a bond offering.

Broad Sell Off in European Markets, Whirlpool Pursues Rangemaster

Nigel Thomas
01 Sep, 2015
New York City

Whirlpool offered to buy Rangemaster for

U.S. Stocks Lack Direction on Rate Jitters, India Accelerates Energy Deals

Nichole Harper
31 Aug, 2015
New York City

U.S. rate jitters dominated market sentiment in New York and in Europe. Crude oil halted the largest two-day advance and volatile Chinese stocks dropped as much as 4% before closing up. India stepped up investment in energy production with agreements in Mozambique and Iran.

Bristol-Myers to Buy Fibrosis Drug Rights, Exelon Reaffirmed Pepco Pursuit

Mukesh Buch
31 Aug, 2015
New York City

Bristol-Myers plans to acquire worldwide right for fibrosis drug from Promedior for $1.3 billion. Exelon reaffirmed to acquire Pepco Holdings. HealthSouth plans to acquire CareSouth Health for $170 million. Quanex Building Products agreed to acquire Woodcraft for $248.5 million.

Nikkei Drops 1.3% on Weak Industrial Production, Housing Starts Fall

Hiruki Nakamura
31 Aug, 2015
New York City

Nikkei average in Tokyo closed down following weak economic data. Industrial production in July declined unexpectedly by 0.6% and housing starts in the month plunged 7.4%. Auto production in the month decreased 5.9%.

VW Ordered to Sell Suzuki Stake, Bertelsmann Profit Surges

Nigel Thomas
31 Aug, 2015
New York City

Volkswagen was ordered by international arbitration tribunal to sell its 19.9% stake in Suzuki Motor. Maersk received approval to develop the Culzean gas field in the North Sea, U.K. Bertelsmann profit surged 55%.

Australian Indexes Drop 1%, Corporate Profits Fall 1.9%

Marcus Jacob
31 Aug, 2015
New York City

Australian market indexes dropped more than 1% and investors focused on the possibility of the first U.S. rate hike in more than a decade as early as next months. Australian corporate gross profits declined 1.9% in the June quarter. Infigen Energy, wind farm operator, reported widening loss.

GDP Growth in India Slows to 7%, ONGC to Invest $24 B in Mozambique

Mukesh Buch
31 Aug, 2015
New York City

ONGC plans to invest $24 billion in Mozambique to produce natural gas and Indian Oil plans to build a $3 billion petrochemicals plant in Iran. Gillette India profit surged 335%.

Celgene Completes Receptos Acquisition, Big Lots Soars on Outlook

Mukesh Buch
28 Aug, 2015
New York City

Celgene completed the acquisition of Receptos for $7.2 billion. Neogen agreed to acquire the U.K.-based rival Lab M. Autodesk net swung to a loss. Big Lots offered higher annual outlook. GameStop profit surged 35%. OmniVision net tumbled 60%. Ulta Salon net surged 22%.

Merck Sold

Nigel Thomas
28 Aug, 2015
New York City

Merck raised

Australian Stocks Extend Weekly Advance, Woolworths Net Drops 13%

Marcus Jacob
28 Aug, 2015
New York City

Australian market indexes gained and extended weekly advance. For the week, the ASX 200 index closed up 0.8%. Furniture and electronics retailer, Harvey Norman said annual net soared. Woolworths said full-year profit plunged 12.5%.

Nikkei Crosses 19,000, Record High Short-Selling Ratio in Tokyo

Hiruki Nakamura
28 Aug, 2015
New York City

Market indexes in Japan soared following a similar rebound in overnight trading in New York after the latest data offered a brighter view of the U.S. economic growth. However, caution prevailed and short selling ratio in Tokyo shot up to a record high of 39.8%.

Sensex Pares Weekly Decline to 3.6%, RBA Silent on Rupee Weakness

Mukesh Buch
28 Aug, 2015
New York City

Stocks in Mumbai rebounded but the rupee struggled and investors are increasingly questioning the lack of action from the Reserve Bank. Bharti is looking to sell 6,500 telecom towers in Sri Lanka and Bangladesh.

Calm Returns to World Markets, Brazil in Recession

Nichole Harper
28 Aug, 2015
New York City

Calm returned to world financial markets after seven days of volatile trading that saw major indexes swing wildly and plunge as much as 10%. Crude oil jumped for the second day in a row. Brazil entered technical recession after second quarterly contraction.

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