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Rupee Extend Loss in Asia-wide Currency Decline, ONGC Net Jumps

Mukesh Buch
13 Aug, 2015
New York City

Oil & Natural Gas Corp said quarterly profit jumped 14% on 4% increase in revenues. Abbott India net soared 34%. Aurobindo net rose 4%. Nalco net plunged 40%. Coal India net fell 7%. RInfra net slipped 12% but revenues rose 5%. Tata Power net swung to profit.

ThyssenKrupp Net Jumps; AP Moeller, Nestle Profit Decline

Nigel Thomas
13 Aug, 2015
New York City

AP Moeller profit tumbled 23% to $2.6 billion and announced a share buy-back of $1 billion. Glencore said it plans to write down $790 million of its oil assets in Chad. Nestle net dropped 2% to 4.5 billion francs after a product recall in India. Salzgitter and TUI net swung to profit.

Slide in Yuan Roils Asian Currencies; Rupee, Rupiah, Ringgit at Multi-Year Low

Nichole Harper
12 Aug, 2015
New York City

World currency markets were roiled after China let yuan slide for the second day in a row. Currencies in India, Australia, New Zealand, Indonesia and Malaysia hit multi-year lows. Indexes on Wall Street swung wildly but managed to trim losses of the day at close.

Alibaba Plunges 10% as Growth Slows, GE and Capital One in $8.5 B Deal

Mukesh Buch
12 Aug, 2015
New York City

GE agreed to sell its healthcare financial services business to Capital One for $8.50 billion. Alibaba revenues growth slowed on rising mobile devices traffic with lower yields. Cree net swung to a loss. Fossil net jumped 4% but sales fell 4%. Macy''''s net plunged 26%. Wayfair net loss narrowed.

Pearson Sells Economist Stake to Exor, Balfour Beatty Net Loss Widens

Nigel Thomas
12 Aug, 2015
New York City

Balfour Beatty net loss widened. Centamin net surged 66%. E.ON net soared 40% to

Australian Indexes Drop 1.3%, Commonwealth Bank Launches A$5 B Rights Issue

Marcus Jacob
12 Aug, 2015
New York City

Australian market indexes declined for the second day and Aussie dollar firmed up after China devalued the yuan. Commonwealth Bank said quarterly net rose 5% and launched rights issue of A$5 billion.

Nikkei and Asian Markets Drop Again on China Worries

Hiruki Nakamura
12 Aug, 2015
New York City

Nikkei average dropped for the second day in Asia-wide correction following the 2% yuan devaluation. Industrial production in Japan rose 1.1% in June and shipment increased 0.6% form the last month. Online real estate information provider Next Co. said quarterly revenues soared 42%.

Sensex in India Declines 1.3%, Rupee Slides Following Yuan Devaluation

Mukesh Buch
12 Aug, 2015
New York City

Sun Pharma said quarterly profit plunged 60% but Cadila Healthcare surged 47%. Aditya Birla net soared 50%. Ashok Leyland net swung to profit. IDBI Bank net climbed 27%. NMDC profit declined 47%.

S&P 500 and World Markets Decline After China Devalues Yuan 2%

Nichole Harper
11 Aug, 2015
New York City

World markets were under pressure after China devalued yuan by 2% sparking worries about the health of the second largest economy. Google said it will restructure its operations as the company expands into many unrelated areas.

Sumitomo Life and Symetra in Deal Talk, Dentsu Revenues Rise 15%

123jump.com Staff
11 Aug, 2015
New York City

Stocks in Japan closed lower after China devalued yuan by 2% to support economic growth and manufacturing exports. Dentsu Inc said quarterly revenues increased 15% and net soared 75%. Nitto Denko, the industrial polymers maker estimated annual sales to rise 5.4%.

Australian Indexes Fall on Weak Results from Bradken, Cochlear and Transurban

Marcus Jacob
11 Aug, 2015
New York City

Australian market indexes declined after a string of weak quarterly results. Bradken and Transurban reported annual loss and Cochlear reported largest earnings decline in two years. China devalued its currency by 2% with the aim of supporting manufacturing sector.

State Bank of India Drops on Rising Bad Loans, Tata Steel Sales Fall 15%

Mukesh Buch
11 Aug, 2015
New York City

State Bank of India said quarterly profit and revenues jumped 10% and bad loans surged but said outlook is improving. Adani Enterprises revenues declined 9%. Tata Steel profit more than doubled while revenues slipped 15%. Bosch net rose 12%. Power Grid Corp net climbed 20%.

Terex and Konecranes Agree to Merge; Adecco, Prudential Net Soar

Nigel Thomas
11 Aug, 2015
New York City

Finland-based Konecranes and the U.S.-based Terex agreed to merge. Adecco net surged 32%. Leoni profit plunged 16%. Ladbrokes net swung to a loss of

Shenandoah, Rentech Nitrogen Soar; Envestnet, Symantec, Zebra Tech Plunge

Mukesh Buch
11 Aug, 2015
New York City

Envestnet agreed to acquire personal financial account aggregator Yodlee for $660 million. Shenandoah agreed to acquire NTELOS for $640 million. Ares Management net declined 32%. Symantec net tumbled 50%. Rentech net loss widened. Towers Watson net rose 8%. Zebra plunged after net swung to a loss.

Wall Street Deals Power Indexes Higher, China Wholesale Inflation Plunges 5.4%

Nichole Harper
10 Aug, 2015
New York City

Merger deals powered market indexes higher on Wall Street. European markets closed mixed and wholesale price index in China dropped the most in July in six years.

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