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Nikkei Soars 1.9% After Worst Third Quarter in Five Years

Hiruki Nakamura
01 Oct, 2015
New York City

Nikkei average in Tokyo soared on the first day of the last quarter after falling the most in the previous quarter in five years. Tankan survey, released by the Bank of Japan showed mixed economic picture with the struggling manufacturing sector but growing service sector.

September Vehicle Sales Jumps in India, Weekly Rise of 1.5% in Sensex

Mukesh Buch
01 Oct, 2015
New York City

Ashok Leyland total auto sales soared 26% and Hero MotoCorp total sales rose 0.7%. Maruti Suzuki India sales increased 4%. Eicher Motors sales surged 28% but Mahindra & Mahindra passenger vehicle sales slipped 7%.

Europe Movers: Air France KLM, Carl Zeiss Meditec, Grenkeleasing, Paragon

Nigel Thomas
02 Oct, 2015
New York City

Air France KLM board agreed on a restructuring plan for next two years. Carl Zeiss Meditec estimated revenues for the year to jump 14% to

Australia Extends Weekly Gains, Newcrest Sells Evolution Stake

Marcus Jacob
01 Oct, 2015
New York City

Resource stocks and banks led the latest advance in Australia. Crude oil and gold gained. Arrium estimated additional cost savings of $60 million as the steelmaker restructure its distribution and operations. Newcrest Mining sold off its remaining stake in Evolution Mining.

Altice Completed Debt and Equity Issues to Fund Cablevision Purchase

Nigel Thomas
01 Oct, 2015
New York City

Altice raised $2 billion in an equity offering and $8.6 billion in debt offering to finance the purchase of Cablevision. Repsol sell part of its piped gas business. Tullow managed to retain its credit facility of

Ford, Fiat Chrysler, GM, Nissan September Sales Surge

Mukesh Buch
01 Oct, 2015
New York City

Ford, Fiat Chrysler, GM, Nissan U.S. sales in September surged. Bassett Furniture profit and revenues jumped. JPMorgan plans to bid for $18 billion of mortgages sold by the U.K. government. McCormick net tumbled 21%. Rite Aid same store sales increased 1.5%.

Worst Quarterly Decline in Four Years on Wall Street

Nichole Harper
30 Sep, 2015
New York City

Stocks on Wall Street rebounded and market indexes soared. S&P 500 index jumped 1.9% in active trading. U.S. Congress passed a stop-gap measure just hours before to avert a government shutdown. Fro the quarter, the S&P 500 index declined 6.9% and the Nasdaq dropped 7.4%.

Nikkei Surges on Technical Rebound, Retail Sales Rise 0.8%

Hiruki Nakamura
30 Sep, 2015
New York City

Nikkei average in Tokyo surged on a technical rebound and investors overlooked the weak factory output and retail sales data. Japan Tobacco plunged 10% after the company agreed to an expensive purchase of brands from Reynolds America.

Australia Rebounds 2% Despite Weak and Volatile Housing Data

Marcus Jacob
30 Sep, 2015
New York City

Australian market indexes soared 2% following a market advance in the region. New home construction in August declined 6.9%, significantly lower than the expectations of 2% fall but rose 5.1% from a year ago.

Comscore Jump; Barracuda, Diamond Foods Drop

Mukesh Buch
30 Sep, 2015
New York City

Actuant tumbled 38% after the company lowered fiscal outlook. Avnet agreed to acquire Germany-based Orchestra Service. Barracuda Networks net swung to a loss. Costco profit soared 10%. Diamond Foods net swung to profit. Pfizer lifted revenues forecast.

France Based Retailer Fnac Approaches Darty, Sainsbury Lifts Outlook

Nigel Thomas
30 Sep, 2015
New York City

British American Tobacco completed the acquisition of Croatia-based TDR for

India Wins 18% Discount on Natural Gas Price, Sensex Rebounds 1.5%