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India Movers: Bafna, Gammon, Kalpataru, L&T, Sun Pharma, Yes Bank

Mukesh Buch
26 Nov, 2013
New York City

Gammon India net loss widened. Kalpataru Power secured orders worth Rs 1,007 crore. L&T sell a minor stake in L&T Finance. Yes Bank jumped after Morgan Stanley Asia sold its stake.

Nasdaq Crosses 4,000; Oil Futures Down 1% on Iran Deal

Nichole Harper
25 Nov, 2013
New York City

Stocks on Wall Street fell in quiet trading as investors look to lock in gains for the year. The dollar gained and crude oil futures prices declined after a deal with Iran and Western powers. Pending home sale index in October eased 0.6%. In the year so far, the Nasdaq index has gained 33%.

Yen at Four-Year Low, Nikkei Surges 1.5%

Hiruki Nakamura
25 Nov, 2013
New York City

Nikkei index in Tokyo surged 1.5% and extended year-to-date gain to 50% as the yen weakened. The yen dropped to a four-year low and exporters and automakers led the gainers.

Australian Dollar Nears 3-month Low, GVK and Aurizon Near an Accord

Marcus Jacob
25 Nov, 2013
New York City

Australian stocks opened higher and the Aussie dollar extended its loss in the month and neared a three-month low. India based GVK and Aurizon are closer to an agreement to develop rail link to port in Queensland. Charter Hall completed $80 million offering.

U.S. Movers: Apple, Heico, Microsoft, Navios, Wal-Mart

Mukesh Buch
25 Nov, 2013
New York City

Apple agreed to acquire Israel-based PrimeSense for $360 million. Heico raised its revolving credit facility to $1 billion. Microsoft sold more than 1 million Xbox One video-game consoles in less than a day. Wal-Mart elected McMillon as president and chief executive.

Europe Earnings: Aryzta, Genel Energy, Essar, Orange, Rolls-Royce

Nigel Thomas
25 Nov, 2013
New York City

Aryzta said revenue rose 0.4% to

India Movers: Axis Bank, GVK Power, Pfizer, Union Bank

Mukesh Buch
25 Nov, 2013
New York City

Axis Bank will be include in the Sensex index from December 23. EIL won $139 Million contract in Nigeria. GVK Power-Aurizon signed rail and port terminal agreement in Australia. Pfizer and Wyeth board approved proposed merger. Siemens net plunged 44%.

U.S. Indexes Extend Gains for the Seventh Week

Nichole Harper
22 Nov, 2013
New York City

U.S. indexes extended gains and major averages trade in record territory. Unemployment rate in 28 states declined and Florida led the nation with a gain of 44,600 jobs in October.

U.S. Movers: Aruba, Foot Locker, Gap, Hibbett, PetSmart, Ross Stores

Mukesh Buch
22 Nov, 2013
New York City

Ann, apparel retail said comparable sales rose 3.7%. Aruba said net loss widened. Foot Locker net fell 2% as sales dropped 7%. Gap profit jumped 9%. Hibbett Sports net declined 9%. PetSmart net soared 12%. Ross Stores net jumped 8% and sales climbed 6%.

Yen Weakness Lifts Tokyo Indexes for Second Week

Hiruki Nakamura
22 Nov, 2013
New York City

Stocks in Tokyo advanced and index advance led the developed markets on the continued weakness in the yen. Sony plans to cut $250 million in costs in its entertainment division. Hitachi Ltd plans to issue 60 billion yen of loans to repay debts and fund capital expenditure.

Europe Earnings: Future, Novartis, TUI Travel, Tullow Oil

Nigel Thomas
22 Nov, 2013
New York City

Future profit surged but revenue dropped to 9%. Novartis launched its $5 billion share buyback program. TUI Travel plunged after Fredriksen sold his entire stake of 5.4%. Tullow Oil discovered its fifth consecutive oil rift.

Australian Stocks Rebound, Aussie Dollar at 2-Month Low

Marcus Jacob
22 Nov, 2013
New York City

Australian stocks rebounded after a 4-day decline and Australian dollar declined to a two-month high. CFS Retail Property plans to sell a shopping center in Victoria for $100 million. Goodman Group offered $1.5 billion for Brazil based industrial properties.

India Movers: Cairn India, Cipla, Dabur, NHPC, Torrent, UFLEX

Mukesh Buch
22 Nov, 2013
New York City

Cairn India board is expected to approve a share buyback plan next week. Cipla acquired a stake of 14.5% in Uganda-based Quality Chemical. Dabur plans to buy manufacturing facility of Delhi-based Northern Aromatics. NHPC is scheduled to begin its $400 million share buyback plan next week.

U.S. Indexes Rebound from a 3-day Drop, Weekly Jobless Claims Fall

Nichole Harper
21 Nov, 2013
New York City

U.S. market indexes advanced and earnings dominated sentiment. Initial weekly jobless claims in the last week declined 21,000 to 323,000. Wholesale prices fell in October. Sears loss widened and Target earnings fell.

BoJ Reaffirms Bond Program, Panel Suggests Japan Pension Asset Diversification

Hiruki Nakamura
21 Nov, 2013
New York City

A panel of experts suggested $1.2 trillion government pension fund to diversify into broader and riskier assets from domestic bonds. Market indexes rebounded nearly 2% after the recommendation. Bank of Japan reaffirmed its bond purchase program.

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