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Europe Earnings: Antofagasta, Marks and Spencer, Petrofac

Nigel Thomas
27 Aug, 2013
New York City

Antofagasta first-half revenue tumbled 12% and profit-before-tax plummeted 37%. Petrofac revenue dropped 12% and net profit declined 25% to $243 million but backlog climbed 21% to $14.3 billion.

Nikkei in Holding Pattern Ahead of Policy Direction

Hiruki Nakamura
27 Aug, 2013
New York City

Indexes in Japan closed lower and investors awaited policy announcements on sales tax and labor market reforms. Nissan Motor plans to spend$5 billion and increase its production capacity to 2 million vehicles in the U.S. by 2014. ANA Holdings plans to invest 10% stake in Myanmar based airline.

Australian Stocks Trend Higher, Flight Centre Soars 8%

Marcus Jacob
27 Aug, 2013
New York City

Australian stocks edged higher in late afternoon trading as investors focused on better than expected earnings from Flight Centre. Billabong said annual net loss widened and debt increased. Seven Group lowered earnings outlook.

India Movers: BHEL, Crisil, Future Ventures, Shriram, UltraTech

Mukesh Buch
27 Aug, 2013
New York City

Crisil will sell 49% stakes in index ventures with National Stock Exchange. CX Partners agree to buy 28.3% stake of Biba Apparels valued Rs 300 crore. HUDCO plan to raise $195.28 million via private placement of tax free bonds.

U.S. Movers: Amgen, Anadarko, BATS Global, TMS Intl, Wasserstein

Mukesh Buch
26 Aug, 2013
New York City

Amgen agreed to acquire Onyx Pharmaceuticals for $10.5 billion in cash. Anadarko sold its 10% stake in Mozambique oil field to India based ONGC Videsh for $2.64 billion in cash. TMS International agreed to be acquired by Pritzker Organization for $1 billion in cash.

Amgen Lifts Onyx Bid to $10.4 Billion; DirectEdge and BATS to Merge

Nichole Harper
26 Aug, 2013
New York City

U.S. stocks extended gains and durable goods orders declined 7.3% in July. Amgen lifted its bid to $10.4 billion for Onyx. DirectEdge and BATS agreed to merge creating the second-largest stock exchange operator in the U.S. Anadarko sold 10% stake in Mozambique oil field to India controlled ONGC.

Europe Earnings: AstraZeneca, ING, Telefonica

Nigel Thomas
26 Aug, 2013
New York City

AstraZeneca agree to buy U.S. based Amplimmune for $500 million. ING sold its 90% stake of its South Korean business for

Sales Tax Decision Awaited in Japan, Real Estate Stocks Gain

Hiruki Nakamura
26 Aug, 2013
New York City

Stocks in Tokyo closed lower in choppy trading as investors awaited more reforms and clarity on the widely expected and unpopular move to increase sales tax. Builders and real estate companies were in focus ahead of Summer 2020 Olympics meeting in two weeks.

Australian Earnings in Focus; M2 Lifts Outlook, Losses at Boart Longyear

Marcus Jacob
26 Aug, 2013
New York City

Australian resource stocks closed higher after gold touched a 3-month high. Earnings were in focus and Boart Longyear swung to a loss. Caltex Australia reported bumper first-half profit. M2 Telecom Group lifted full-year outlook. NIB Holdings annual net eased.

India Movers: GAIL, HPL, IDFC, Jindal, McNally, ONGC

Mukesh Buch
26 Aug, 2013
New York City

GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.

Nikkei in Tokyo Jumps 2.2% on Weaker Yen

Hiruki Nakamura
23 Aug, 2013
New York City

Nikkei index in Tokyo jumped 2.2% and electronics makers and automobile companies led the gainers as the yen declined to one-month low. Tokyo Electric Power declined 5% after the government demanded secured water tanks to store radioactive water.

Australian Earnings Lift Indexes; Crown, Lend Lease, Mirvac, Sims in Focus

Marcus Jacob
23 Aug, 2013
New York City

Stocks in Australia closed higher and investors digested a flood of earnings. Billabong received a revised takeover offer from a consortium of investors. Crown Limited said annual net income increased 23%. Lend Lease annual income increased 10%.

U.S. Movers: Autodesk, Dollar Tree, Gap, Nordson, Ross Stores

Mukesh Buch
23 Aug, 2013
New York City

Autodesk net slid 4% and sales fell 1%. Dollar Tree net jumped 5% and Foot Locker net climbed 12%. Gap net surged 20%. Nordson profit fell 3% but sales jumped 6%. Ross Stores net climbed 17%.

Europe Earnings: Afren, Bachem, Flsmidth

Nigel Thomas
23 Aug, 2013
New York City

Afren profit tumbled 21.1% but revenue grew. Bachem net surged 43% to 10.4 million francs as sales climbed 7%. Flsmidth said profit for the quarter plunged 36% as order intake declined 22% but revenue jumped 14% and the company lowered its fiscal outlook.

India Movers: Bajaj, Hexaware, NHPC, Reliance Infra, Sun Pharma

Mukesh Buch
23 Aug, 2013
New York City

Bajaj Corp agreed to acquire Nomarks to enter skin care market. Baring Private Equity acquired 42% stake of Hexaware for $400 million. NHPC plans to buy back shares worth Rs 1,600 crore.

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