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Lloyds Faces More U.K. Fines, Nestle Crisis Deepens in India

Nigel Thomas
05 Jun, 2015
New York City

U.K. regulatory agency fined Lloyds Banking

Nikkei Lacks Direction, Yen Struggles

Hiruki Nakamura
05 Jun, 2015
New York City

Nikkei in Tokyo closed down and the yen traded near 12-year low as investors stayed cautious ahead of U.S. jobs data release on Friday. Tokyo Corporation launched a share buyback program. Kirin and Suntory are investing to increase production in the U.S.

ASX Suffers 4.8% Weekly Loss, Nine Entertainment Lowers Outlook

Marcus Jacob
05 Jun, 2015
New York City

Australian market indexes extended weekly losses and the ASX 200 index plunged 4.8% in the week. Nine Entertainment lowered its outlook for the current year. National Australia Bank completed final phase of its $5.5 billion capital raising.

Infosys to Acquire Mobile Commerce Services Provider, Sensex Falls

Mukesh Buch
05 Jun, 2015
New York City

Infosys acquired the U.S. digital e-commerce services provider for $120 million. Nestle India edged down 2% after FSSAI ordered the company to recall nine Maggi noodle versions in India. Adhikari Brothers jumped 4% on 57% increase in revenues.

IMF Urges Fed to Delay Rate Hike, Volatile Bond Markets

Nichole Harper
04 Jun, 2015
New York City

Market indexes on Wall Street dived on weak productivity report. International Monetary Fund urged the Federal Reserve to delay rate hike and lowered its annual growth outlook to 2.5%. Volatility persisted in global bond markets.

AIG Prices AerCap Stake in Offering, Boeing Wins China Order

Mukesh Buch
04 Jun, 2015
New York City

Boeing secured an order for 46 commercial aircrafts from China-based Shenzen Airlines. AIG to reduced stake in AerCap and raise $3.7 billion. Costco May same store sales was flat. Five Below net soared 39%. Smucker net swung to a loss.

Telecom Italia Seeks Tower Unit Listing, Nomad and Iglo in Merger Talks

Nigel Thomas
04 Jun, 2015
New York City

Market indexes across the euro zone were on the defensive after a persistent sell-off in bond markets. Nomad is in talk to acquire Iglo Foods for

Rakuten in Japn to Raise $1.6 B, Softbank to Invest $1 B in Coupang

Hiruki Nakamura
04 Jun, 2015
New York City

Nikkei average in Tokyo rebounded after two days of losses and traders were cautious. Online retailer Rakuten announced a stock offering of $1.6 billion to repay debt. In addition, Softbank said it plans to invest $1 billion in South Korea based online retailer Coupang.

Australian Trade Deficit Soars, Retail Sales Stall

Marcus Jacob
04 Jun, 2015
New York City

Australian trade deficit tripled after coal and iron ore shipments lagged on inclement weather conditions in April. In the month, exports declined 6% and imports rose 4%. In addition, retail sales stalled in the month.

Sensex Weakness Persists, Bharti in $1 B Global Bond Offering

Mukesh Buch
04 Jun, 2015
New York City

Bharti plans to raise up to $1 billion through a global bond offering. The Reserve Bank of India lifted foreign investor limit to 40% in Adani Ports. Eicher Motors said Sweden-based Volvo AB plans to sell its 3.7% stake.

Wall Street Powers Ahead; U.S. Trade Deficit Shrinks, Confident ECB

Nichole Harper
03 Jun, 2015
New York City

Stocks on Wall Street jumped but struggled to hold advances after the U.S. trade deficit in April shrank. ECB reaffirmed its commitment to complete the unprecedented bond purchase program and said economy in the euro zone is healing.

Optimism Prevails in Tokyo, Nikkei and Yen Step Back

Hiruki Nakamura
03 Jun, 2015
New York City

Nikkei in Tokyo edged lower for the second day in a row and the yen traded above the 12-year low as investors booked profits. Traders and investors are looking for more corporations to increase profit sharing and higher dividend pay outs.

G-III, Guess, NCI Building Climb; Vera Bradley Tumbles

Mukesh Buch
03 Jun, 2015
New York City

Ambarella net climbed more than two-fold. Brown-Forman profit jumped 6% to $140 million. G-III Apparel net soared more than four-fold after sales soared 18%. Guess net swung to profit but revenues declined 8%. NCI Building net loss widened. Vera Bradley net swung to a loss.]

Australian Economic Growth Ahead of Expectations

Marcus Jacob
03 Jun, 2015
New York City

Australian dollar gained after economy expanded at faster-than-expected rate in the first-quarter. Domestic consumption led the economic expansion however business investment remained weak.

ECB Reaffirmed Easing Commitment, Outlook Unchanged

Nigel Thomas
03 Jun, 2015
New York City

ECB reassured its commitment to bond purchase program and said outlook is unchanged from March and admonished markets to get used to higher volatility. Accor plans to invest

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