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Wholesale Prices Accelerate Decline in July, Sensex Soars 1.9%

Mukesh Buch
14 Aug, 2015
New York City

Sensex index in Mumbai soared on the hopes of a rate cut after wholesale price index dropped to a record low. The index has been showing a decline in prices since November and dropped to a record low of -4.5%.

Weekly Loss of 2.1% in Australian Stocks on New Six Year Low in Crude Oil

Marcus Jacob
14 Aug, 2015
New York City

Energy stocks and wider market indexes extended weekly losses in Australia after crude oil price dropped to a new six-year low. James Hardie struggled with revenues in the latest year and New Zealand-based resin maker Nuplex reported flat quarterly sales.

U.S. Retail Sales Lift Market indexes, 3-Day Renminbi Devaluation at 4.4%

Nichole Harper
13 Aug, 2015
New York City

S&P 500 and Tollbooth Strategy Index increased after retail sales were stronger than expected. Crude oil extended the recent decline as traders target $35 a barrel. China sought to calm markets after renminbi devaluation extended to 4.4% in three days.

Coty Net Swings to Profit, News Corp Net Swings to Loss

Mukesh Buch
13 Aug, 2015
New York City

Advance Auto Parts net climbed 8%. Coty net swung to profit. Cisco net and revenues jumped. Dillard''s sales and profit rose 2%. G&K Services net declined 10%. Kohl''s net plunged 44%. News Corp profit swung to a loss and plans to education business.

Machine Orders in Japan Plunge 7.9%, McDonald's Sales Plunge 30%

Hiruki Nakamura
13 Aug, 2015
New York City

Nikkei average in Tokyo rebounded and the yen retained a downward bias as Asian currencies extended losses to the third day after China devalued yuan. Core machine orders in June plunged nearly 8% in Japan compared to 0.6% increase in May. McDonald

Australian Indexes Lose Momentum; CSL, Mirvac, Tabcorp Rise on Earnings

Marcus Jacob
13 Aug, 2015
New York City

Australian market indexes rebounded at the opening after better than expected annual results from CSL, Mirvac, Sirtex and Tabcorp. Whitehaven Coal returned to modest profit in the second-half. Goodman Group annual operating net increased 9%.

Rupee Extend Loss in Asia-wide Currency Decline, ONGC Net Jumps

Mukesh Buch
13 Aug, 2015
New York City

Oil & Natural Gas Corp said quarterly profit jumped 14% on 4% increase in revenues. Abbott India net soared 34%. Aurobindo net rose 4%. Nalco net plunged 40%. Coal India net fell 7%. RInfra net slipped 12% but revenues rose 5%. Tata Power net swung to profit.

ThyssenKrupp Net Jumps; AP Moeller, Nestle Profit Decline

Nigel Thomas
13 Aug, 2015
New York City

AP Moeller profit tumbled 23% to $2.6 billion and announced a share buy-back of $1 billion. Glencore said it plans to write down $790 million of its oil assets in Chad. Nestle net dropped 2% to 4.5 billion francs after a product recall in India. Salzgitter and TUI net swung to profit.

Slide in Yuan Roils Asian Currencies; Rupee, Rupiah, Ringgit at Multi-Year Low

Nichole Harper
12 Aug, 2015
New York City

World currency markets were roiled after China let yuan slide for the second day in a row. Currencies in India, Australia, New Zealand, Indonesia and Malaysia hit multi-year lows. Indexes on Wall Street swung wildly but managed to trim losses of the day at close.

Alibaba Plunges 10% as Growth Slows, GE and Capital One in $8.5 B Deal

Mukesh Buch
12 Aug, 2015
New York City

GE agreed to sell its healthcare financial services business to Capital One for $8.50 billion. Alibaba revenues growth slowed on rising mobile devices traffic with lower yields. Cree net swung to a loss. Fossil net jumped 4% but sales fell 4%. Macy''''s net plunged 26%. Wayfair net loss narrowed.

Pearson Sells Economist Stake to Exor, Balfour Beatty Net Loss Widens

Nigel Thomas
12 Aug, 2015
New York City

Balfour Beatty net loss widened. Centamin net surged 66%. E.ON net soared 40% to

Australian Indexes Drop 1.3%, Commonwealth Bank Launches A$5 B Rights Issue

Marcus Jacob
12 Aug, 2015
New York City

Australian market indexes declined for the second day and Aussie dollar firmed up after China devalued the yuan. Commonwealth Bank said quarterly net rose 5% and launched rights issue of A$5 billion.

Nikkei and Asian Markets Drop Again on China Worries

Hiruki Nakamura
12 Aug, 2015
New York City

Nikkei average dropped for the second day in Asia-wide correction following the 2% yuan devaluation. Industrial production in Japan rose 1.1% in June and shipment increased 0.6% form the last month. Online real estate information provider Next Co. said quarterly revenues soared 42%.

Sensex in India Declines 1.3%, Rupee Slides Following Yuan Devaluation

Mukesh Buch
12 Aug, 2015
New York City

Sun Pharma said quarterly profit plunged 60% but Cadila Healthcare surged 47%. Aditya Birla net soared 50%. Ashok Leyland net swung to profit. IDBI Bank net climbed 27%. NMDC profit declined 47%.

S&P 500 and World Markets Decline After China Devalues Yuan 2%

Nichole Harper
11 Aug, 2015
New York City

World markets were under pressure after China devalued yuan by 2% sparking worries about the health of the second largest economy. Google said it will restructure its operations as the company expands into many unrelated areas.

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