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India Movers: Adani, BOB, Cummins, Castrol, Glaxo, M&M, Maruti, Titan

Mukesh Buch
01 Aug, 2013
New York City

Adani Ports net surged 51%. Adani Power net loss widened. BOB profit grew 3%. Cummins net slid 8% and Castrol net climbed 27%. Glaxo net advanced 12.5%. M&M July sales dropped 21%. Maruti profit surged 49% as sales rose but export declined. Titan net jumped.

U.S.GDP Expands at 1.7% Rate, Private Sector Employment Expands

Nichole Harper
31 Jul, 2013
New York City

Stocks on Wall Street advanced after the first estimate for the second quarter economic growth showed an increase of 1.7%. A survey of private sector showed an increase in payrolls by 200,000. Comcast, Symantec and Garmin and MasterCard jumped after earnings reports.

Volatile Nikkei Drops 1.5%; Earnings Focus on Honda, KDDI, Hitachi, Takara

Hiruki Nakamura
31 Jul, 2013
New York City

In volatile trading indexes closed down for the second day this week and fell 1.3% in the month. Honda Motor net declined. Takara Holdings plunged 10% on quarterly loss. Hitachi Ltd revised its first-half estimate by 50%. KDDI net surged 90%.

U.S. Movers: BP, Cummins, Comcast, Exelon, Hess, MasterCard

Mukesh Buch
31 Jul, 2013
New York City

BP net swung to a profit. Cummins net plunged 11%. Comcast net soared 28% and Exelon profit surged 71%. Humana net climbed 18%. Hess net surged 161%. MasterCard net soared 19%.

Europe Earnings: BP, Centrica, Delphi Automotive, Diageo, Invensys

Nigel Thomas
31 Jul, 2013
New York City

BP net swung to a

Australian Markets Jump 5% in July, Qantas Blames Price Increase On Fuel Cost

Marcus Jacob
31 Jul, 2013
New York City

Australian indexes closed higher and finished the month with a surge of 5.2%. Precious metals and resource sector stocks were in focus in the month after gold price trended lower and more mining companies delay new projects and cut spending. Potash price collapse will put a new hurdle to BHP plans.

India Movers: Airtel, Dr. Reddy

Mukesh Buch
31 Jul, 2013
New York City

Bharti Airtel net dropped but revenues climbed. HCL Tech profit soared as revenue jumped. ICICI Bank net climbed 25% and non-performing assets surged. IFCI profit plunged 41% as revenues declined 16%. JSW Steel swung to loss. MCX net declined 7%.

U.S. Stocks React to Earnings, Potash Makers Plunge on Russian Cartel Collapse

Nichole Harper
30 Jul, 2013
New York City

U.S. stocks traded higher on better than expected earnings from Eastman Chemicals and Herbalife and Goodyear Tire. Community Health agreed to buy Health Management for $3.9 billion. Potash market was rocked after a Russian cartel collapsed and stock price of three leading makers in North America plunge.

U.S. Movers: Aetna, Coach, Chrysler, Pfizer, Sprint, Western Union

Mukesh Buch
30 Jul, 2013
New York City

Aetna revenue and profit soared. Coach quarterly net declined 12%. Chrysler cuts profit outlook and shipment. Fidelity net plunged 30% and Pfizer surged more than four-fold. Sprint net loss widened and Western Union net plunged 27%.

Earnings Drive Nikkei Higher; Kawasaki Kisen, Daiwa, SoftBank in Focus

Hiruki Nakamura
30 Jul, 2013
New York City

Investors focused on earnings and the direction of yen trading. Kawasaki Kisen Kaisha soared on earnings outlook, Softbank reported a rise in subscriber base after close and Daiwa Securities reported record first-quarter earnings. Industrial production decreased 3.3% in June.

Europe Earnings: Barclays, Deutsche Bank, Weir Group, TeleCity, UBS

Nigel Thomas
30 Jul, 2013
New York City

Barclays net in first-half swung to

Australian Home Approvals Plunge 13%, Rate Cut Hopes Cut Market Losses

Marcus Jacob
30 Jul, 2013
New York City

Australian indexes rebounded from the low and barely closed higher after supportive comments from Reserve Bank governor. New home approvals in Australia plunged 13% from a year ago. Leighton won a $2.8 billion contract to build casino in Macau.

India Movers: City Union Bank, Geometric, Havells, Merck, NTPC

Mukesh Buch
30 Jul, 2013
New York City

City Union Bank net climbed. Geometric profit soared 39% as revenue jumped. Havells India net soared 18%. IPCA Laboratories net surged 67%. Jaypee Infratech profit in the first quarter plunged 61% and Merck net declined 17%.

Publicis and Omnicom to Merge, Saks Agrees to $2.4 Billion Deal

Nichole Harper
29 Jul, 2013
New York City

U.S. market indexes were on the decline and index of pending existing home sales fell from a seven year high. Banks and financial stocks gained. On merger Monday, Saks agreed to a $2.4 billion deal. Two advertising giants, France based Publicis and New York based Omnicom agreed to merge.

Nikkei Plunges 3.3% in Tokyo, Yen Advances

Hiruki Nakamura
29 Jul, 2013
New York City

Stocks in Tokyo fell sharply after investors turned cautious ahead of the flood of earnings in the week and the yen gained. Investors also shied away from risk assets as lawmakers are not scheduled to meet for the next six weeks.

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