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Australian Indexes Drop 1.4%, Earnings Focus on CSR and Leighton

Marcus Jacob
13 Nov, 2013
New York City

Australian market indexes dropped 1.4% and resource stocks led the decliners. The Aussie dollar eased to an eight-week low as the strong U.S. dollar weighed on most international currencies. CSR net profit doubled. Leighton Holdings net soared 40%.

Europe Earnings: Drax, Fenner, ICAP, Sainsbury, LSE, SSE

Nigel Thomas
13 Nov, 2013
New York City

Fenner profit plunged 21% and ICAP tumbled 62%. Sainsbury profit climbed 9% after sales jumped 4%. LSE net declined 19% but revenue soared 44%. SSE profit surged.

India Movers: BPCL, GMR Infra, M&M, RCapital, RCom, SBI

Mukesh Buch
13 Nov, 2013
New York City

Bharat Petroleum net tumbled 82%. Bata India net soared 17%. CARE net jumped 6%. GMR Infrastructure net loss widened on a slight increase in sales. M&M net climbed 10%. RCapital net profit surged and RCom net soared to Rs 675 crore on a one-time gain. SBI net plunged 35%.

U.S. Movers: Core-Mark, Dish Network, Dean Foods, NuStar Energy, ViaSat

Mukesh Buch
12 Nov, 2013
New York City

Core-Mark Holding climbed 17%. Dish Network net swung to profit as subscriber-related revenue jumped 6%. Dean Foods net soared to $415 million on flat revenues. NuStar Energy and ViaSat net swung to a profit.

Stocks on Wall Street Waver, China to Deepen Economic Reforms

Nichole Harper
12 Nov, 2013
New York City

U.S. stocks traded sideways and investors shifted attention to speeches by Fed policy makers. World markets were cautious and Chinese leaders concluded its four-day annual meeting to set the pace for a new round of economic reforms. Inflation in India perked up but in the U.K. fell.

Europe Earnings: Infineon, Norsk Hydro, Pandora, Talktalk

Nigel Thomas
12 Nov, 2013
New York City

Infineon Technologies net surged 84%. Norsk Hydro said Vale sold its 22% stake valued $1.8 billion. Oxford Instruments profit jumped 18%. Pandora net profit surged 61%. Talktalk profit tumbled 90%. Vodafone net swung to

Vodafone Swings to Profit and Expands Capital Expenditure Plan

Nigel Thomas
12 Nov, 2013
New York City

Vodafone Group swings to a net profit and increase its capital expenditure plan as the telecom carrier deepens its roots in emerging markets. Vodafone plans to spend additional

Nikkei Extends Gain by 2.2%, Dentsu Lifts Annual Outlook

Hiruki Nakamura
12 Nov, 2013
New York City

The weakness in yen drove market indexes higher for the second day in a row. The yen approached to 100 mark. Dentsu Corp lifted its annual net outlook by 73%. Sony estimated PlayStation 4 game console unit sale in the year to reach 4 million.

Australian Business Confidence Falls, News Corp Swings to Profit

Marcus Jacob
12 Nov, 2013
New York City

Australian stocks lost early gains on a weakness in bank stocks. Business confidence index declined in October. Seven Group announced additional job cuts. News Corp swung to a quarterly profit.

India Movers: Apollo, Britannia, Godrej, Hindalco, NHPC, NACL, Shalimar

Mukesh Buch
12 Nov, 2013
New York City

Apollo Tyres net surged 45% but revenue fell 8%. Britannia profit soared 66% after sales jumped 13%.Godrej net climbed 15%. Hindalco net fell 0.6%. NHPC net declined 10%. National Aluminium profit surged. Shalimar Paints net soared 48%.

U.S. Stocks Rest After 5-Week Surge, Shire to Buy ViroPharma for $4.2 Billion

Nichole Harper
11 Nov, 2013
New York City

U.S. stocks rest after indexes advanced for five weeks in a row and the S&P 500 index has gained the best annual return since 2003. Nasdaq Composite index is up nearly 30%. Retailers were in focus ahead of earnings release this week. KKR in a $1.6 billion deal. Transocean to hike dividend.

U.S. Movers: Arkansas Best, Asos, ImmunoGen, Silver Wheaton, Shire

Mukesh Buch
11 Nov, 2013
New York City

Arkansas Best surged after quarterly net doubled. Asos said net loss in the third-quarter narrowed. ImmunoGen signed agreement with Novartis. Silver Wheaton net plunged 36%. Shire agreed to buy ViroPharma Inc. for about $4.2 billion.

Nikkei Advances 1.3%; Citizen, Marubeni, Yokogawa in Focus

Hiruki Nakamura
11 Nov, 2013
New York City

Nikkei in Tokyo surged 1.3% following a 1% decline in yen. Yokogawa Electric Corp added 6% after the chipmaker lifted its income outlook. Marubeni Corp lowered its earnings outlook. Citizens Holdings soared 7% after the watchmaker lifted annual income estimate.

Europe Earnings: Admiral, BT Group, BG Group, Lonmin, Novartis, Shire

Nigel Thomas
11 Nov, 2013
New York City

Admiral said revenue dropped 7%. BT Group secured telecast rights in

Australian Dollar, Stocks Fall; Orica Surges 11%

Marcus Jacob
11 Nov, 2013
New York City

Australian stocks closed lower and banks led the most active list in thin trading. Orica Limited soared 11% after it reported annual net income surged 49%. Elders Limited plunged 15% after it estimated a loss.

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