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U.S. GDP Revision Supports 4% Market Surge, Global Markets Rebound

Nichole Harper
27 Aug, 2015
New York City

Stocks on Wall Street shot up after six days of losses and crude oil futures soared more than 10%. Market indexes in New York surged as much as 4% before trimming losses and European indexes closed up at least 3%. Emerging market currencies rebounded from the recent lows in Asia.

Sensex in India Soars 2%, Government Targets to Develop Smart Cities

Mukesh Buch
27 Aug, 2015
New York City

Sensex index in Mumbai surged 2% and rupee rebounded as Asian markets searched stability. The central government of India released a list of 98 cities covered in the smartcity mission. Bharti agreed to acquire Augere Wireless. HDFC plans to raise $300 million through a bond offering.

Nikkei Rallies as Yen Advances, Volatile Shanghai Index Soars 5%

Hiruki Nakamura
27 Aug, 2015
New York City

Nikkei average in Tokyo extended the recent rebound to the fifth day on the back of resurgent markets in New York and Europe. Yen continued to strengthen and indexes in Asia soared and currencies in India, Indonesia and Australia edged higher. Stocks in Shanghai surged to close up 5%.

Australia Extends Rebound to Day Three; Billabong, Ausdrill in Focus

Marcus Jacob
27 Aug, 2015
New York City

Australian market indexes gained for the third day in a row in the back of resurgent international markets. Australian dollar weakened to 71 U.S. cents. Billabong, the sportswear retailer swung to annual net profit. Ausdrill annual loss widened.

Abercrombie & Fitch, Express, Oshkosh Jump; Heico, Schlumberger Fall

Mukesh Buch
26 Aug, 2015
New York City

Monsanto withdrew from $47 billion offer for Syngenta. Schlumberger agreed to acquire Cameron Intl for $14.8 billion. Oshkosh secured $6.7 billion contacts from the U.S. Army. Chico''s net tumbled. Express net surged.

Online Gambling Sites in

Nigel Thomas
26 Aug, 2015
New York City

Betfair agreed to a

Second Day Rebound in Australian Despite Global Markets Volatility

Marcus Jacob
26 Aug, 2015
New York City

Australian markets traded higher for the second day as wild market swings persisted around the world. Westfiled Corp, global developer of malls said annual net swings to profit. Worleyparsons, the engineering contractor said annual revenues fell 8%.

Resurgent Volatility in Global Markets, Wild Swings on Wall Street

Nichole Harper
26 Aug, 2015
New York City

Stability remained elusive in global markets for the seventh day in a row as market indexes extend recent losses from peaks to between 12% and 15%. U.S. stocks are in their first decline of more than 10% since 2011. After wild swings, Shanghai markets closed down 1.3%.

Sensex in India Drops 1.2%; Indian Oil to Build Pipeline to Nepal

Mukesh Buch
26 Aug, 2015
New York City

Sensex in Mumbai traded down in volatile trading and energy stocks and banks were in focus. Another day of wild swings in Shanghai put Asian markets on alert and casted doubt on Chinese economic strength.

Nikkei Rebounds 4%, Asian Markets Slide on Volatile Shanghai

Hiruki Nakamura
26 Aug, 2015
New York City

Nikkei average rebounded after a week of sustained selling following three four days of selling but volatility in Shanghai continued to drive the stock market trading sentiment around the world. The yen gained but crude oil drifted lower to a new six-year low.

S&P 500 and European Indexes Rebound After China Lowers Rates

Nichole Harper
25 Aug, 2015
New York City

Market averages in the United States rebounded after a 3-day sell-off that saw the S&P 500 index correct more than 10%. The sentiment was bolstered after positive data on the housing market and China moved to lower rates and loosen bank reserves. European markets jumped more than 3%.

Best Buy, Children

Mukesh Buch
25 Aug, 2015
New York City

Best Buy net advanced 12%. Children

Australian Markets Higher Despite Another Plunge in Shanghai

Marcus Jacob
25 Aug, 2015
New York City

Australian stocks braved higher despite the continued market sell-off in China and Japan. Resource and banking stocks led the gainers. BHP Billiton said quarterly net tumbled 86% and said oil and copper production to decline 6% in fiscal 2016.

Nikkei Exends Correction to 15% from Peak, Shanghai Plunges Again

Hiruki Nakamura
25 Aug, 2015
New York City

Nikkei deepened losses in the second week following large losses in world markets. However, markets in India and Korea rebounded but in Shanghai plunged again. Sony said it will offer commercial drone services from the next fiscal year. Toyota said it will suspend Prius hybrid production in Thailand

Antofagasta Retains Copper Outlook, BHP Profit Tumbles 86%

Nigel Thomas
25 Aug, 2015
New York City

Antofagasta profit more than doubled to $705.8 million but revenues plunged 31%. BHP Billiton net tumbled 86% and the miner lowered production outlook. Mitsubishi Electric agreed to acquire a majority stake in DeLClima. ICA Gruppen offered to increase its stake in Hemtex.

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