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Mylan Offers $28.9 B to Perrigo, German Industrial Production Rises

Nigel Thomas
09 Apr, 2015
New York City

The increase in German industrial production offered the latest evidence of the growing momentum in the largest economy in the euro zone. Bank of England as expected held its reference interest rate. Mylan offered to buy generic drug maker Perrigo for $28.9 billion.

Nikkei Extended 15-Year High Advance on Foreign Buying

Hiruki Nakamura
09 Apr, 2015
New York City

Nikkei 225 index in Japan extended the latest advance and closed at a new 15-year high. Weak commodities and yen, supported the gain in indexes. Aeon Mall said revenue in the fiscal year increased 15%. J. Front reported flat sales but earnings tumbled 37%.

Oil and Gold Weakness Drag Stocks in Sydney; AGL in Deal with BHP, ESSO

Marcus Jacob
09 Apr, 2015
New York City

Weakening commodities prices in Australia and international markets dragged stock market indexes in Sydney. Construction industry sector index rebounded in March to show an expansion. AGL Energy agreed to gas delivery deal with BHP and Esso Australia for three years.

Momentum in Corporate Financing Lifts Market Outlook in India

Mukesh Buch
09 Apr, 2015
New York City

Wireless telecom stocks declined after the regulatory agency lowered the upper limit on the roaming charges. Reliance Industries extended 2-day rally to 7% after the company is said to have discovered new natural gas field at its KG D6 basin. Vertex plans to increase its stake in GVK Power to 15.24%

U.S. Stocks Lack Direction, More Debate at Fed Before First Rate Hike

Nichole Harper
08 Apr, 2015
New York City

U.S. stocks lacked direction and crude oil plunged more than 6% to $50 a barrel. The Fed minutes showed that several rate committee members were inclined to wait for the momentum in inflation and wage growths before lifting rates as early as June.

Global Payments, Rite Aid Climb

Mukesh Buch
08 Apr, 2015
New York City

Global Payments net soared 14% on 8% increase in revenues. MSC Industrial net jumped 4%. Rite Aid net surged after reduction of deferred tax asset valuation. RPM Intl net swung to a loss but revenues climbed 10%. Team net swung to profit.

Shell in

Nigel Thomas
08 Apr, 2015
New York City

easyJet said passenger traffic in March climbed 7.5% to 5.49 million. Royal Dutch Shell agreed to acquire BG Group for

Nikkei at 15-Year High, BoJ Keeps Monetary Expansion Unchanged

Hiruki Nakamura
08 Apr, 2015
New York City

Nikkei in Tokyo soared to a new 15-year high as Bank of Japan kept its monetary expansion plan unchanged and retail investors supported new buying in the market. Current account surplus widened in February after the trade deficit in the month narrowed. Takashimaya Company met earnings expectations.

Australian Indexes Advance Ahead of Earnings, Aussie Dollar Holds Firm

Marcus Jacob
08 Apr, 2015
New York City

Australian market indexes closed higher and investors shifted focus to the earnings announcements from banks, resource sector stocks and healthcare companies. Aussie dollar closed below U.S. 78 cents and gold and crude oil declined.

Sensex in India in 4-Day Rally, Videocon d2h Raises $325 M

Mukesh Buch
08 Apr, 2015
New York City

Sensex in Mumbai extended rally to the fourth day on the back of a surge in pharmaceutical stocks and a rise in Coal India. Videocon d2h listed its stock on the Nasdaq and raised $325 million. Union Cabinet tightened the real estate sector regulation bill to prevent the flow of illegal financing.

U.S. Leads 3-day World Markets Rally

Nichole Harper
07 Apr, 2015
New York City

U.S. stocks extended gains for the third day in a row and the dollar remained firm against the euro. Crude oil jumped for the second day and traded above $53 a barrel. India left its interest rate unchanged and Australia held rates at historic low of 2.25%. European markets surged.

TNT Seeks a Deal with FedEx, Axalta Coating Sell 8.7% to Berkshire

Mukesh Buch
07 Apr, 2015
New York City

Berkshire Hathaway agreed to acquire 8.7% stake in Axalta Coating from Carlyle Group. Greenbrier net surged more than three-fold. Canada divests 73.4 million shares of General Motors. FedEx offered $4.8 billion for TNT, two years after deal with UPS was scuttled. Intl Speedway net tumbled.

FedEx Offers

Nigel Thomas
07 Apr, 2015
New York City

Ryanair said passenger traffic in March soared 28% to 6.67 million. Rio Tinto completed its buy-back of about 11.6 million shares worth $560 million. FedEx offered

Nikkei Advances 1.2%on Earnings and Wage Gains Expectations

Hiruki Nakamura
07 Apr, 2015
New York City

Nikkei in Tokyo advanced 1.2% and Japanese companies are expected to offer summer bonus of 2.1%. Energy sector stocks gained after crude oil futures rose 5% after Saudi Arabia lifted prices for Asian delivery. AIT Corp, the parcel and delivery company said annual net income increased 13.5%.

Australia Keeps Rate at Historic Low 2.25%

Marcus Jacob
07 Apr, 2015
New York City

Reserve Bank of Australia left benchmark rate at historic low of 2.25% and held out for an increase at the next meeting in May. Australian dollar spiked up. Leighton with its partner won a $608 million contract to build reservoirs in Qatar. Rio Tinto completed its $500 million share buyback program.

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