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Rupee Slides in India, Daiichi to Sell 8.3% Stake in Sun Pharma

Mukesh Buch
21 Apr, 2015
New York City

Adani Power agreed to acquire Hyderabad-based Lanco Infratech controlled Udupi Power worth ₹6,300 crore. Sun Pharma said Japan-based Daiichi Sankyo plans to sell its entire stake of 8.3% worth $3.6 billion in the company. Hindustan Zinc said net in the quarter rose 6%.

S&P 500 Up 0.8% on China Stimulus and Morgan Stanley Earnings

Nichole Harper
20 Apr, 2015
New York City

Market indexes on Wall Street soared and crude continued to gain after People

Prologis in $5.9 B Deal with KTR, Raytheon Buys Websense for $1.9 B

Mukesh Buch
20 Apr, 2015
New York City

Groupon sell 46% stake in South Korea based e-commerce site. Hasbro profit jumped 4%. Halliburton net loss widened. Lennox Intl net plunged 30%. Morgan Stanley net surged 60% on 10% increase in revenues. Prologis agreed to acquire KTR for $5.9 billion.

Liberty to Buy Base from KPN for

Nigel Thomas
20 Apr, 2015
New York City

Germany led the advance in European markets after a week of losses.Telenet, subsidiary of Liberty Global agreed to acquire Base from KPN for

Nervous Trading in Tokyo, Itochu Drops 11%

Hiruki Nakamura
20 Apr, 2015
New York City

Stocks in Tokyo eased. China offered a large and unexpected stimulus as Chinese regulators crack down on speculative lending supporting a surge of more than 80% in benchmark indexes. Itochu annual sales surged 22% and net income soared 49%.

Australian Indexes Extend Losses to Second Week

Marcus Jacob
20 Apr, 2015
New York City

Australian indexes extended weekly losses after China trimmed reserve ratio requirements for banks by 100 basis points, the largest cut since 2008. OZ Minerals said copper production rose 20% and gold production declined 9% in March quarter. Arrium tumbled 12%.

Sensex in India Plunges 1.9%, Rupee Drops

Mukesh Buch
20 Apr, 2015
New York City

Stocks in Mumbai traded lower and market indexes dropped 1.9% on earnings jitters and strengthening dollar. JSW said steel production in March jumped 11%. LIC Housing Finance net rose 2%. Titagarh Wagons net surged.

U.S. and European Markets Extend Global Sell-off

Nichole Harper
17 Apr, 2015
New York City

Market indexes on Wall Street slumped more than 1%, European markets extended weekly losses and China curbed shadow financing to speculate in stock market. U.S. consumer confidence improved and the cost of living rose in March for a third month in a row.

GE Net Swings to Loss; American Express, AMD, Honeywell Fall

Mukesh Buch
17 Apr, 2015
New York City

American Express net jumped 6%. AMD tumbled 14% after net loss widened. GE net swung to a loss on 12% decline in revenues. Honeywell profit climbed 10% but revenues dropped 5%. Schlumberger net tumbled 36%. Seagate profit declined 26%.

Nestle Struggles with Sales, Syngenta Revenues Plunge

Nigel Thomas
17 Apr, 2015
New York City

Accor first-quarter sales climbed 8% to

Indexes in Japan Fall Ahead of Corporate Earnings

Hiruki Nakamura
17 Apr, 2015
New York City

Stocks in Tokyo struggled as investors awaited corporate earnings next week. Yen firmed up. Nikkei 225 declined to the lowest not seen since April 7 and the broader Topix gained for the third week in a row. Tri-Stage, the advertising company said annual revenues declined 11%.

Australian Indexes Trim Weekly Gains, Santos Revenues Drop 24%

Marcus Jacob
17 Apr, 2015
New York City

Australian market indexes reversed some of the weekly gains on weak commodities prices. Aussie dollar remained firm near 78 U.S. cents. Santos Limited first-quarter revenues declined 24% on 7% fall in production.

Tata Consultancy Net Up 8%, and Reliance Industries Net Rises 11%

Mukesh Buch
17 Apr, 2015
New York City

Tata Consultancy, the largest India-based software services provider said quarterly net rose 8%. Reliance Industries reported quarterly income increased 11% but weak crude oil price dragged revenues down 35%. CRISIL said net in the quarter declined 18%. LIC increased its stake in Hindalco.

U.S. Stocks Struggle to Advance, Banks Report Rising Profits

Nichole Harper
16 Apr, 2015
New York City

Stocks struggled on Wall Street and banks reported higher than expected earnings. Goldman Sachs earnings soared offering another sign of the rebounding profits on Wall Street. German bond yields dropped closer to zero.

Citigroup, Goldman Sachs, UnitedHealth Profit Climb, Netflix Surges 16%

Mukesh Buch
16 Apr, 2015
New York City

Blackstone net more than doubled. Citigroup profit climbed 23% but revenues dropped 3%. Goldman Sachs net soared 41% on 14% increase in revenues. Netflix net tumbled 55% but revenues jumped 24%. UnitedHealth revenues and net surged 13%.

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