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Sensex in Mumbai Declines to 3-Month Low, Religare Sells Inusrance Stake

Sarla Buch
08 Dec, 2015
New York City

Sensex in Mumbai declined to a three-month low following Asia-wide correction after crude oil prices fell to a seven-year low. Tata Motors controlled Jaguar Land Rover retail sales in November surged 27%. Religare sold its stake in life insurance joint venture to Bennett, Coleman.

Nikkei Drops 1% on 7-Year Low Oil, Toshiba Faces Record Fine

Hiruki Nakamura
08 Dec, 2015
New York City

Stocks in Tokyo declined as low commodity prices dragged down energy and mining shares and crude oil prices declined to a 7-year low. The gross domestic product was revised to 1% expansion in the third quarter and the current account surplus in October widened.

Keurig Green Mountain in $13.9 B Deal, Chipotle Plunges 9%

Mukesh Buch
07 Dec, 2015
New York City

Keurig Green Mountain surged 74% after the coffee company agreed to go private. Chipotle Mexican dropped 9% on weak sales outlook. Devon Energy plans to acquire two assets worth about $2.5 billion. Mattress Firm net surged 53%. Vail Resorts net loss narrowed.

Wall Street and London Struggle After Oil Drops to 7-Year Low

Nichole Harper
07 Dec, 2015
New York City

Market indexes on Wall Street struggled after oil took another dive and dropped to a low not seen in seven years. Oil prices have dropped nearly 60% in the last eighteen months and the bearish sentiment is rising. Keurig Green Mountain agreed to go private.

Germany, France Indexes Jump 1.7%; GE Terminates Electrolux Agreement

Lucy Stoeva
07 Dec, 2015
New York City

Markets across Europe rebounded after the U.S. reported better-than-expected November job gains. Low oil prices kept London gains in check. Electrolux plunged after GE terminated the sale of its appliance business. Ferrovial turned hostile and lifted its offer for Australia-based Broadspectrum.

Weakness in Oil and Yuan Weighs on Australian Dollar and Stocks

Marcus Jacob
07 Dec, 2015
New York City

ASX 200 recorded marginal gains after the decline of oil prices dragged down energy stocks. Broadspectrum surged 48% after the Spain-based infrastructure group Ferrovial launched a hostile takeover bid worth $715 million. Graphitecorp tumbled 13% on its trading debut.

Sensex in Fourth Day Decline, GMR Airports in Stake Sell Talks

Sarla Buch
07 Dec, 2015
New York City

Sensex extends losses to fourth day in a row. GMR Airports is in talks to sell 30% stake airport business to Canada-based Fairfax Financial and the U.S. based private equity firm. Tata Steel is close to divesting its U.K.-based steel plant.

Nikkei Rebounded 1%, Takata Schedules Penalty Payment

Hiruki Nakamura
07 Dec, 2015
New York City

Nikkei rebounded 1% following the stronger-than-expected U.S. payrolls increase in November. Markets across Asia gained and the yen weakened to 123 mark against the U.S. dollar. Energy complex stocks declined after OPEC decided to hold its production quota despite the rising glut in the market.

Upbeat Jobs Data Lifts S&P 500 and Indexes by 1%, Europe Struggles

Nichole Harper
04 Dec, 2015
New York City

November month payroll gains increased 211,000 and jobless rate declined to a seven-year low of 5%. Payrolls for October and September were revised higher by 35,000. European markets were on the defensive. Crude oil eased to one-year low after OPEC held its production quota despite the rising glut.

Europe Extends Losses as Oil Drops 2% to One-Year Low

Lucy Stoeva
04 Dec, 2015
New York City

European markets extended losses dragged down by energy stocks. OPEC raised production ceiling to 31.5 million barrels of oil a day. French insurer AXA and the U.K. homebuilder Berkeley increased their dividends. Volkswagen U.K. sales plunged 20%.

Ulta Salon, Genesco Rise; Big Lots, Barnes & Noble, Cooper Decline

Mukesh Buch
04 Dec, 2015
New York City

Big Lots net loss narrowed. Barnes & Noble net swung to a loss. Cooper net soared 31%. Genesco net soared 13%. Kroger profit surged 18%. OmniVision net tumbled 50% on 13% decline in revenues. Ulta Salon lifted earnings outlook after profit jumped 20%.

U.S. and Europe Rate Jitters Drives ASX 200 Down 1.5%

Marcus Jacob
04 Dec, 2015
New York City

ASX 200 index declined following the weak market conditions in New York and in Europe in overnight trading. Australian dollar eased and in active trading resource stocks and banks led the decliners. Virgin wins a regulatory approval to exend its alliance with Etihad for five more years.

Nikkei Extends Weekly Loss; Fujitsu, Toshiba and Vaio in Merger Talks

Hiruki Nakamura
04 Dec, 2015
New York City

Stocks in Tokyo extended losses and the Nikkei dropped 1.9% in the week. Fujitsu, Toshiba and Vaio are in merger talks and combine personal computer business with the domestic market share of 30%.

Sensex in India Down on Weakness Across Asia

Sarla Buch
04 Dec, 2015
New York City

Stocks in Mumbai traded lower after markets across Asia declined. Investors shifted attention to U.S. rate decision after European Central Bank drove rates deeper in the negative territory. Jaiprakash Associates is looking to raise at least $700 million through a bond offering.

Yellen Offers Optimism on U.S. Growth Outlook, ECB Struggles

Nichole Harper
03 Dec, 2015
New York City

U.S. Federal Reserve Chair Janet Yellen offered positive economic assessment and highlighted stable employment and widening economic recovery. Across the Atlantic, the European Central Bank fell short of expected additional stimulus measures. Stocks in New York and the euro zone lacked momentum.

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