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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.

India Movers: GMR, Godrej, Jyothi, Mahindra Holidays, RCom

Mukesh Buch
04 Dec, 2013
New York City

GMR Infra plan to sell Emco Energy Ltd. Godrej Properties to buy back 49% stake in a Kolkata subsidiary. Mahindra Holidays sold its stake in two Austrian subsidiaries. RCom raised mobile internet data rates and reduced data limits.

U.S. Indexes Decline, November Auto Sales Surge

Nichole Harper
03 Dec, 2013
New York City

U.S. market indexes trended lower and investors digested retail and auto sales reports. General Motors sales increased 14%, Ford sales rose 7.2% and Chrysler sales surged 16%. Online sales on Cyber Monday surged but weaker sales at brick-and-mortar stores worried investors.

Yen Weakness Lifts Nikkei to Six-Year High

Hiruki Nakamura
03 Dec, 2013
New York City

The yen powered rally lifted market indexes lifted market averages near a six-year high. The yen dropped to the lowest since May. Sekisui Chemical soared 8% on a report that the company developed a cheaper and better material for batteries used in electric vehicles.

U.S. Movers: Ascena, Bank of Montreal, Chrysler, Ford, GM, Krispy Kreme

Mukesh Buch
03 Dec, 2013
New York City

Ascena Retail net jumped 4% as e-commerce sales soared 27%. Auto sales in November surged and Chrysler sales climbed 16% and Ford sales jumped 7%. General Motors sales climbed 19%. Krispy Kreme net surged 36%.

Europe Earnings: Betfair, Shire, Real Good Food, Sweett Group

Nigel Thomas
03 Dec, 2013
New York City

Betfair profit climbed 56% but revenue dropped. Sweett Group profit doubled and revenue declined 18%. ThyssenKrupp AG completed its

Australian Deficit Widens, RBA Comments on Dollar Strength

Marcus Jacob
03 Dec, 2013
New York City

Australian current account deficit widened in the third-quarter to September and dollar dipped after the Reserve Bank of Australia left its key rate at record low 2.5%. October retail sales rose more than expected at 0.5% to $22.8 billion.

Europe Earnings: GDF Suez, L'Oreal, Outokumpu, ThyssenKrupp, UBS

Nigel Thomas
02 Dec, 2013
New York City

GDF Suez won a $500 million bid to build and operate thermal plants in Peru. L''Oreal launched its

India Movers: Alstom, Ashok Leyland, Bajaj Auto, Hero, L&T

Mukesh Buch
03 Dec, 2013
New York City

Alstom T&D secured an order worth Rs 79 crore. Ashok Leyland November sales declined 27%. Bajaj Auto sales dropped 17%. Hero MotoCorp total sales climbed 9%. L& T won new orders worth Rs 1,471 crore.

U.S. Holiday Sales Ease but Online Sales Advance

Nichole Harper
02 Dec, 2013
New York City

U.S. market indexes traded sideways and investors digested latest manufacturing reports from the U.S., euro zone, China and U.K. Current account deficit in India declined. U.S. retail sales declined in during four-day holiday period on higher discounts. Gold and silver eased.

Additional Weakness in Yen May Lift Tokyo Indexes Above Record Highs

Hiruki Nakamura
02 Dec, 2013
New York City

Stocks in Tokyo closed lower and the yen wobbled near 102-mark against the dollar. Increasingly investors are looking for the yen to drop to 110 against one dollar. Capital spending in the third-quarter increased 1.5%. Nippon Express is expected to buy logistic division from Panasonic.

Australian Building Approvals Ease in October, GrainCorp CEO Resigns

Marcus Jacob
02 Dec, 2013
New York City

Australian stocks declined and the dollar edged higher. Australian building approvals declined 1.8% in October and eased from a record high. The seasonally adjusted value of the approvals surged 9.3% in the month, fifth monthly increase in a row. GrainCorp chief executive resigned.

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