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Nikkei Gains 0.8%, Nissan Estimates Higher China Sales

Hiruki Nakamura
06 Dec, 2013
New York City

Nikkei Stock Average in Tokyo gained 0.8% and investors focused on the Fed tapering as early as next month. Nissan Motor estimated China sales to increase 7.5% but Honda offered additional discounts to U.S. dealers.

Total, InterOil in $3.6 B Deal; Nestle Sold Givaudan Stake

Nigel Thomas
06 Dec, 2013
New York City

Berkeley profit climbed 22% to

Australian Stocks Fall on Fed Taper Worries, Qantas Debt Rated as Junk

Marcus Jacob
06 Dec, 2013
New York City

Australian market index closed lower and for the week fell 2.5%. Fortescue reaffirmed its target to cut debt more than half but did not set the timetable. Competition commission limited the fuel discounts Woolworths and Coles can charge. Qantas debt was downgraded to a junk rating.

India Movers: Cairn India, Cairn India, MphasiS, Tata, Videocon

Mukesh Buch
06 Dec, 2013
New York City

Cairn India bids for one oil and gas exploration block in Sri Lanka. Lupin launched generic version of capsules in the U.S. MphasiS net declined 9% and revenue surged 20%. Tata Motors plans to invest

U.S. Growth Revised Higher on Inventories, Jobless Claims Fall

Nichole Harper
05 Dec, 2013
New York City

U.S. stocks searched for a direction and the dollar declined after the European Central Bank held its key lending rate. U.S. economic growth in the third quarter was revised higher to 3.6%. Weekly jobless claims fell 23,000 to 298,000.

Nikkei Declines 1.5%; Japan Tobacco, Seven & I in Focus

Hiruki Nakamura
05 Dec, 2013
New York City

Stocks in Tokyo declined after market indexes advanced for two days in a row. The yen gained 0.3%. Japan Tobacco acquired 20% stake in Russia based tobacco distributor. Seven & I acquired 45% stake in a department store operator Barneys Japan Co. Ltd. for an undisclosed sum.

U.S. Movers: Conn

Mukesh Buch
05 Dec, 2013
New York City

Conn

Australian Markets Dive 1.4%, Qantas to Cut 1,000 Jobs

Marcus Jacob
05 Dec, 2013
New York City

Australian indexes plunged 1.4% and the dollar weakened further. Australian trade deficit in October widened to $529 million. Qantas plans to cut 1,000 jobs and may sell a stake in Jetstar. Westfield gained full control of retail complex at New York World Trade Center.

Europe Earnings: DS Smith, Getinge, Versace, Merck, Mulberry, Transneft

Nigel Thomas
05 Dec, 2013
New York City

DS Smith profit surged 65%. Getinge offered to acquire Pulsion Medical Systems for

India Movers: Bharti Airtel, Cipla, Strides Arcolab, Swan Energy, Wipro

Mukesh Buch
05 Dec, 2013
New York City

Bharti Airtel raised

U.S. New Home Sales Surge, Trade Gap Shrinks

Nichole Harper
04 Dec, 2013
New York City

U.S. new home sales surged at the fastest pace in three decades in October. A separate report showed trade gap in the month declined 5.4% to $40.6 billion on lower petroleum products deficit. Market averages declined and stocks in Europe closed lower.

Nikkei Drops 2%; Toyota, Nissan U.S. Sales Rise, Sony in Focus

Hiruki Nakamura
04 Dec, 2013
New York City

Stocks in Tokyo fell a day after averages closed at a six-year high. The yen rebounded from a six-month low. Toyota and Nissan increased U.S. sales in November but Honda sales declined. Sony PlayStation PS 4 sales are ahead of expectations.

U.S. Movers: Bob Evans, Express, G-III, Guidewire, NCR, OmniVision

Mukesh Buch
04 Dec, 2013
New York City

Bob Evans net fell 3% and sales surged 19%. Express, the specialty retailer

Europe Earnings: Deutsche Bank, Elekta, Falck, Pearson, Sage Group

Nigel Thomas
04 Dec, 2013
New York City

Deutsche Bank fined

Dick Smith and Nine Entertainment Revive Australian IPOs

Marcus Jacob
04 Dec, 2013
New York City

Australian markets halted a 3-day slide in a broad rally that included banks, miners and energy stocks. Dick Smith closed flat on the first day of trading and the electronics retailer raised $315 million in an offering. Nine Entertainment set its initial price and valued the company at $1.9 billion.

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