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Yellen Stresses Rate Hike Pace, China Expands at 7% Rate

Nichole Harper
15 Jul, 2015
New York City

Market indexes on Wall Street struggled near the recent highs and Fed Chair Janet Yellen reiterated central bank

Celgene in $7.2 B Deal with Receptos; Bank of America Net Jump

Mukesh Buch
15 Jul, 2015
New York City

Bank of America net soared 132%. BlackRock net barely rose 1%. Celgene agreed to acquire Receptos for $7.2 billion. Delta Air Lines net surged 85%. U.S. Bancorp net fell 0.7%. Yum Brands profit plunged 30%.

Greek Government Faces Shake Up After Vote, BHP Writes Down Assets

Nigel Thomas
15 Jul, 2015
New York City

Prime Minister Alexis Tspiras government may fall after the latest debate fracture the coalition. Aker Solutions net plunged 46%. AGA Rangemaster agreed to be acquired by U.S.based Middleby for

U.S. Stocks Look Higher as Banks Lead Earnings Season

Nichole Harper
14 Jul, 2015
New York City

Stocks in New York advanced after Wells Fargo and JPMorgan set the pace for the earnings season. European markets edged lower after details of Greek accord emerged. Crude oil rebounded but traded near the low in the year and markets in Asia were cautious ahead of GDP report from China.

Bank of Japan Leaves Rates and Stimulus Tartget Unchanged

Hiruki Nakamura
15 Jul, 2015
New York City

Nikkei average advanced after the Bank of Japan left its reference rate on hold and left its target to stimulate the economy unrevised. However, the central bank lowered its annual growth estimate to 1.7%. Nippon Prologis quarterly revenues rose 6% and Fujifilm expanded its stock repurchase plan.

Australian Indexes Jump 1%, Record Monthly New Home Construction

Marcus Jacob
15 Jul, 2015
New York City

Australian market indexes advanced after China reported 7% economic growth in the second quarter and the monthly new home construction surged above 200,000 home for the first time in Australia. Select Harvests soared more than 9%.

Sensex in India Jumps; Zee Net Climbs, DLF to Raise $500 M

Mukesh Buch
15 Jul, 2015
New York City

Zee Entertainment said quarterly profit climbed 16%. Cera Sanitaryware net jumped 15%. Sintex quarterly profit advanced 12%. National Aluminium Company plans to construct a $3 billion smelter complex in Iran.

J&J, JPMorgan Profit Jump; Wells Fargo Net Drops

Mukesh Buch
14 Jul, 2015
New York City

J&J profit surged 25% but revenues declined 9%. JPMorgan Chase net jumped 5% but net revenue dropped 4%. Wells Fargo net fell 1% but interest income rose 1%. Commerce Bancshares net soared 23%. Fastenal net climbed 8%. Match Group agreed to acquire PlentyOfFish for $575 million.

Euro Faces Greek Discount, Stocks Turn Lower in Europe

Nigel Thomas
14 Jul, 2015
New York City

European currency markets are increasingly looking for Greek discount on the euro. Carillion guided higher revenues. Johnston Press declined on weak sales outlook. Kuehne & Nagel profit jumped 4%. Michael Page said gross profit in the second-quarter climbed 6%.

Nikkei Jumps 1.5%, J Front June Sales Rise 2.4%

Hiruki Nakamura
14 Jul, 2015
New York City

Nikkei average rose for the second day in a row and the index traded above 20,000 mark and yen held firm near its recent lows. Real estate developer, Ichigo Group reported quarterly revenues to 36% and earnings gained 27%. J. Front retailing said total June sales increased 2.4%.

Australian Stocks Jump 1.9%, Aussie Dollar Under Pressure

Marcus Jacob
14 Jul, 2015
New York City

Australian market indexes soared and Aussie dollar bounced around the low of year as investors shift focus to regional developments and Chinese stock market and its impact on the commodities prices.

Wholesale Inflation in India Eases for the Eighth Month

Mukesh Buch
14 Jul, 2015
New York City

The Wholesale price index declined for the eighth month in a row but on a monthly basis food prices are on the rise. JSW Steel said crude steel production in first-quarter advanced 10%. NIIT Technologies net surged 36%.

In the Repeat of Past, Latest Greek Deal Only Delays Inevitable

Nichole Harper
13 Jul, 2015
New York City

World markets for now welcomed a tentative deal between European lenders and Greece. However, Greece is facing an uphill task in implementing unpopular reforms and reduce fiscal gap and lift revenues and the euro is likely to come under more pressure. Merger Monday saw three billion dollars deals.

Nikkei Rebounds 1.6%, Astellas Completed Stock Repurchase Plan

Hiruki Nakamura
13 Jul, 2015
New York City

Nikkei average in Tokyo jumped 1.6% and the yen held firm after a last minute deal between Greece and lenders lifted sentiment for the day. Astellas Pharma said it completed its latest stock buyback plan. Nippon Express sales and earnings in the quarter rose more than expected.

Australian Stocks and Dollar Turn Lower

Marcus Jacob
13 Jul, 2015
New York City

Australian stocks and dollar edged lower after Greece and European leaders hammered out a deal that may not be possible to implement. Amcor agreed to acquire India-based packaging company. Australand agreed to sell industrial property to Growthpoint.

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