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European Markets Weak, Novartis Net Drops 6%

Nigel Thomas
23 Apr, 2015
New York City

European markets traded lower after economic activities were deemed to be slowing in a private survey. Ericsson profit declined 14%. Novartis profit plunged 6% to $2.3 billion on 7% decrease in revenues. WPP revenues in the first-quarter climbed 8%.

Nikkei in Tokyo Retains Upward Swing; JFE, JSR, Kao in Focus

Hiruki Nakamura
23 Apr, 2015
New York City

With corporate earnings in focus, Nikkei index closed above 20,000 for the second day in a row after fifteen years. CyberAgent said second-quarter revenues rose 29%. JFE Holdings said annual net rose 36%. JSR Corp said net gained 19% on nearly flat revenues.

Australian Business Confidence Falls, Fortescue Bond Offering in Demand

Marcus Jacob
23 Apr, 2015
New York City

Australian market indexes closed higher in volatile trading and the Aussie dollar held firm. Business confidence and conditions in the March quarter declined according to NAB survey. Fortescue Metals soared 9% after strong demand for its bond offering.

Corporate India Revs Up Fund Raising, Volatile Sensex

Mukesh Buch
23 Apr, 2015
New York City

Corporate fund raising activities pick up steam and Jet Airways, Biocon and Ramco Software are preparing to raise as much as $1.1 billion. HDFC Bank said net in the quarter jumped 21% on 22% increase in revenues. MRF net soared 95%. L&T Finance net rose 10%.

U.S. Market Indexes Near Records on Earnings and Rising Oil

Nichole Harper
22 Apr, 2015
New York City

Stocks traded mixed on Wall Street and crude oil rebounded to a new high in the year. Existing home sales in March increased 6.3% to 5.2 million units. McDonald

Abbott, Boeing Profit Climb; McDonald's, Coca-Cola, Yahoo! Net Decline

Mukesh Buch
22 Apr, 2015
New York City

Abbott net surged. Amgen net soared 51% on 11% increase in revenues. Boeing profit climbed 39%. McDonald''s net tumbled 33% after revenues plunged 11%. Coca-Cola profit dropped 4%. Yahoo! Net plunged 93%. Yum! Brands net declined 9%.

Credit Suisse Net Climbs 23%, Tesco Net Swings to

Nigel Thomas
22 Apr, 2015
New York City

Credit Suisse net surged 23% but revenues dropped 3%. Eurotunnel first-quarter revenues climbed 10%. Roche group sales jumped 5% to 11.8 billion Swiss francs. Richemont forecasted profit to drop 36%. Tesco net swung to a loss of

After 15 Years Nikkei in Tokyo Jumps Above 20,000

Hiruki Nakamura
22 Apr, 2015
New York City

Market indexes in Tokyo advanced and the popular Nikkei average jumped above 20,000 for the first time in fifteen years. Chugai Pharmaceuticals said fiscal year sales declined 5.6%. Idemitsu Kosan estimated wider annual loss.

Diving Inflation Rate in Australia, BHP Iron Ore Production Jumps 20%

Marcus Jacob
22 Apr, 2015
New York City

Australian market indexes and the Aussie dollar weakened after the latest inflation data showed weakening consumer prices. The annual inflation rate declined the most at the end of March quarter from the previous rate in December in four decades.

Sensex in India Rebounds 0.8%; Yes Bank, Wipro in Focus

Mukesh Buch
22 Apr, 2015
New York City

Market indexes in Mumbai rebounded and the rupee eased. Yes Bank net income in the quarter jumped 28% and Wipro net in the quarter rose 2% on 4% increase in revenues.

Mixed Trading on Wall Street, Mylan Soars 8% on Teva Takeover Offer

Nichole Harper
21 Apr, 2015
New York City

On Wall Street market indexes struggled to rise and investors remained cautious on the earnings front. The rise of dollar against the euro and collapse in oil and commodities prices are expected to offer a strong headwinds to earnings. Mylan soared on a takeover approach by Teva.

Nikkei Rebounds, Aeon Annual Income Falls 7.7%

Hiruki Nakamura
21 Apr, 2015
New York City

Tokyo market indexes closed higher following a rebound in New York and European markets. Daiichi Sankyo said it plans to exit from its investment in India-based generic pharmaceuticals maker Sun Pharma. Yamada Denki said latest fiscal year declined 1.7%.

Australian Stocks Rise on RBA Statement, Rio Tinto Production Up 12%

Marcus Jacob
21 Apr, 2015
New York City

Australian indexes traded higher and the Aussie dollar held firm after the RBA minutes of meeting suggested an easing bias. Rio Tinto said global iron ore production in the first-quarter increased by 12% shipment by 9%. Brambles estimate annual underlying profit to increase 13%.

Kimberly Clark Jumps; Du Pont, Harley-Davidson, Under Armour Drop

Mukesh Buch
21 Apr, 2015
New York City

Du Pont net plunged 29%. Harley-Davidson net slid 1%. IBM profit dropped 2% on 12% decline in revenues. Kimberly Clark profit plummeted 13%. Lockheed Martin profit and revenues declined. TD Ameritrade net swung to profit. Under Armour net fell 2%.

ARM Holdings, Actelion Profit Surge; SAP Net Plunge

Nigel Thomas
21 Apr, 2015
New York City

ARM Holdings net surged 36% to

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