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Economy Expands at 0.6% in Australia, Stocks Slip

Marcus Jacob
04 Sep, 2013
New York City

Australia

India Movers: Bhel, Gujarat Gas, Hanung Toys, Tata Motors, TCS

Mukesh Buch
04 Sep, 2013
New York City

Bhel won approval Bhart Heavy Plate and Vessels. Gujarat Gas singed pact with GSPC for gas supply. Hanung Toys withdrew stock split proposal. SKS Microfinance founder and key shareholder trim stakes. Tata Motors reconfirmed planned investment of $44.12 million.

U.S. Stocks Pare Gains After Leaders Support Syria Strike

Nichole Harper
03 Sep, 2013
New York City

U.S. stocks pared gains as investors react to merger deals and improving economic news from around the world. Market indexes in New York and Europe turned lower after more political leaders in the U.S. supported president

U.S. Movers: CBS, Jarden, Microsoft, Morgan Stanley, Verizon

Mukesh Buch
03 Sep, 2013
New York City

CBS climbed after a deal with Time Warner Cable. Jarden agreed to acquire Yankee Candle for $1.75 billion in cash. Microsoft agreed to buy handset business of Nokia for $7.2 billion. Morgan Stanley sued NCU Administration. Verizon increase dividend.

Australian Rates on Hold, Retail Sales Struggle

Marcus Jacob
03 Sep, 2013
New York City

Australian stocks closed higher and the Reserve Bank of Australia left its benchmark rate at 2.5%. Retail spending increased 0.1% in July and current account deficit in June quarter widened to $9.35 billion.

Nikkei Soars 3%, Utilities and Financials Advance in Tokyo

Hiruki Nakamura
03 Sep, 2013
New York City

Stocks in Tokyo gained on the latest improving economic data from China and Europe. Utility stocks advanced after Prime Minister offered financial assurance to contain Fukushima disaster and a panel said fault line below Osaka nuclear power plant is not active.

Europe Earnings: Dufry, Enel, Nokia, Wonga

Nigel Thomas
03 Sep, 2013
New York City

Dufry secured long-term contracts with airports in Brazil. Enel plans to revive hybrid bond sale to raise

India Movers: Diamond Power, Essar Oil, NTPC, Power Grid, SAIL

Mukesh Buch
03 Sep, 2013
New York City

Diamond Power secured orders worth $30.5 million. Essar Oil and ONGC are short-listed for $4.4 billion oil field license in Iraq. SAIL said August sales climbed 16%. Steel Strips August sales soared 16%.

Australian Indexes Surge, Manufacturing Extends Decline to 26th Month

Marcus Jacob
02 Sep, 2013
New York City

Australian indexes gained 1% and building approvals jumped nearly 11% in July. However, manufacturing activity in August dropped for the 26th month in a row. Rio Tinto shipped iron ore form the newly expanded port.

Europe: Vodafone and Verizon to Finalize Wireless Deal

Nigel Thomas
02 Sep, 2013
New York City

Peugeot said new cars registrations in France plunged 17% in August. Rio Tinto climbed after its Australia infrastructure expansion. Vodafone is expected to finalize today to 45% stake sell in Verizon Wireless.

Nikkei Soars 1.4%, Chinese Manufacturing Growth at 16-Month High

Hiruki Nakamura
02 Sep, 2013
New York City

Stocks in Tokyo gained and the yen edged lower on the first day of trading in September. Better than expected reading on manufacturing in China also lifted capital goods companies in Tokyo. Consumer lending companies gained on the expectations of higher borrowings.

India Movers: Ashok Leyland, Bajaj, Hero, Maruti, M&M, Tata Motors, TVS

Mukesh Buch
02 Sep, 2013
New York City

Atul Auto August sales soared 38% but Ashok Leyland and Bajaj auto sales declined. Hero MotoCorp sales grew 4% but sales at Maruti surged 61%. M&M sales dropped 17% and Tata Motors sales declined 31%. TVS sales edged up.

World, U.S. Markets Extend Losses in August, India's Growth Slows to 4.5%

Nichole Harper
30 Aug, 2013
New York City

U.S. stocks traded lower and market indexes extended losses in the week to nearly 2%. Worries of imminent Syria strike receded after the UK parliament rejected a motion for a military action. World markets declined in the week and many markets registered worst month fall in fifteen months.

U.S. Movers: Apache, Big Lots, OmniVision, Splunk, Salesforce

Mukesh Buch
30 Aug, 2013
New York City

Apache jumped after China based Sinopec acquire 33% stake in Egyptian unit for $3.1 billion. Big Lots net plunged 18% and Bebe Stores net swung to a loss. Splunk revenue soared but loss in the quarter widened. OmniVision net surged. Salesforce net swung to profit.

Europe Earnings: Bwin.party, Hermes, Royal KPN, L'Oreal

Nigel Thomas
30 Aug, 2013
New York City

Bwin.party plunged 13% after first-half net loss narrowed and company guided weak revenues outlook. Hermes Intl net surged 14% to

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