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Nikkei in Negative Territory, Economic Contraction in Q2 Revised

Hiruki Nakamura
08 Sep, 2015
New York City

Nikkei average in Tokyo dropped more than 2% taking the index in the negative zone year to date. Nikkei has plunges nearly 18% from the high in February. Japan said economy in the second quarter shrank less than expected.

Australia Based Woodside Offered $11.7 B for Oil Search

Marcus Jacob
08 Sep, 2015
New York City

Australian market indexes opened higher and the benchmark ASX 200 index soared 1.7%. Late rally in China also supported market advance. The Aussie dollar continued to drift lower. Westpac Banking completed $1.3 billion note offering. Woodside Petroleum offered $11.7 billion for Oil Search.

Sensex in India Surges 1.7%, Rupee Advances

Mukesh Buch
08 Sep, 2015
New York City

JSW Energy plans to acquire thermal power project in Madhya Pradesh. Zomato, restaurant information and review site operator raised about $60 million. SpiceJet plans to buy around 100 turboprop aircrafts with list price of $3 billion.

Global Markets and Oil Drift Lower

Nichole Harper
07 Sep, 2015
New York City

Global markets lacked direction and trended lower as crude oil price declined on the rising production from Nigeria and North Sea. Stocks in China resumed the decline after a long weekend and U.S. markets were closed for Labor Day.

Tesco Sells Korea Business for

Nigel Thomas
07 Sep, 2015
New York City

Tesco agreed to sell its South Korean retail business to a group led by private-equity firm MBK Partners for

Yen Advances as China Stocks and Emerging Markets Currencies Slide

Hiruki Nakamura
07 Sep, 2015
New York City

Nikkei average in Tokyo closed up in thin trading and the yen gained after stocks in Shanghai fell sharply. Toshiba Corp, the diversified conglomerate embroiled in the accounting scandal reported annual sales in the year ending in March rose 3.3% and swung to a net loss.

Australian Stocks and Dollar Weaken on 4% Loss in Shanghai

Marcus Jacob
07 Sep, 2015
New York City

Australian indexes closed down and prices of crude oil and gold extended recent losses. Aussie dollar weakened further after traders look for the currency to continue to slide in the next six months. UGL Limited won a 4-year contract to provide a range of services including a tunnel construction.

Sensex Extends 4-Month Loss to 16%, Rupee Slides Again

Mukesh Buch
07 Sep, 2015
New York City

Reliance Infrastructure signed a naval and commercial services agreement with the U.A.E. based Abu Dhabi Ship Building. SREI Infra plans to sell its stake in Viom Networks. Hathway Cable and NATCO Pharma won RBI approval to sell additional stake to foreign investors.

Mixed Jobs Report Leads Another Sell Off on Wall Street

Nichole Harper
04 Sep, 2015
New York City

Market indexes on Wall Street declined more than 1.5% as the latest jobs report did little to calm investors. August month nonfarm payrolls increased less-than-estimated 173,000 and July employment was revised higher to 245,000. Jobless rate declined to 5.1%.

Seven-Month Low in Nikkei in Tokyo, Largest Weekly Loss in 17 Months

Hiruki Nakamura
04 Sep, 2015
New York City

Nikkei average declined more than 2% and extended weekly loss to 7% in the largest weekly drop since April 2014. The widely followed benchmark declined to a new seven-month low.

Aussie Dollar Drops Below 70 U.S. Cents, New Six-Year Low

Marcus Jacob
04 Sep, 2015
New York City

Aussie dollar drops to a new six-year low as foreign investors dump the weakening currencies of resource exporting nations. For the week the ASX 200 index declined 4.3% in volatile trading.

Sensex Declines 2.2%, Rosneft Sells Oil Field Stake to ONGC

Mukesh Buch
04 Sep, 2015
New York City

Russia-based Rosneft plans to sell 15% stake in one of its largest oil fields for $1.27 billion to ONGC. Reserve Bank of India lifted foreign investor stake limit to 40% in Ashok Leyland. Rajesh Exports extended the latest string of export order win with a new order from Singapore.

BlackBerry to Acquire Good Technology, Allergan to Buy AqueSys

Mukesh Buch
04 Sep, 2015
New York City

Allergan agreed to acquire AqueSys for $300 million. BlackBerry agreed to acquire Good Technology for $425 million. Cooper net tumbled 49% but revenues jumped 7%. Esterline lowered annual outlook. UTi Worldwide net loss widened. VeriFone net swung to profit.

Bwin. Accepts Higher Bid from GVC; Neopost and Lufthansa Surge

Nigel Thomas
04 Sep, 2015
New York City

Bwin.Party accepted a higher offer from GVC and terminated merger plan with 888 Holdings. Altran profit surged 34% on 11% increase in revenues. Aer Lingus passenger traffics in August jumped 5.3%. Emis profit jumped 8%.

Stocks Lose Steam on Wall Street; ECB Lowers Inflation, Growth Targets

Nichole Harper
03 Sep, 2015
New York City

Investors looked ahead to the monthly employment data release tomorrow. Global markets gained in quiet trading and bond yields fell in the euro zone after the European Central Bank trimmed growth and inflation outlook.

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