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Plunge in Iron Ore Price in Australia May Trim Industry Capex

Marcus Jacob
01 Apr, 2015
New York City

Australian stocks faced selling pressure after iron ore prices dropped to a new six-year low and to the lowest in the year. Australian building approvals declined for the fourth month in a row. Lend Lease was deemed as the highest bidder for a $1.6 billion building development project in Singapore.

European Movers: Asos Profit Declines, Evraz Net Loss Widens

Nigel Thomas
01 Apr, 2015
New York City

Asos, online retailer, said profit declined 6% to

Sensex in India Climbs 1.1%, Maruti Suzuki March Sales Fall

Mukesh Buch
01 Apr, 2015
New York City

Sensex on the first day of fiscal year traded higher as foreign and domestic investors commit additional capital to stocks. Dr.Reddy''s plans to acquire Belgian-based UCB SA

Ninth Quarterly Gain in S&P 500 Index, European Markets Lead Global Rally

Nichole Harper
31 Mar, 2015
New York City

World markets extended quarterly gains on the earnings optimism in the U.S., monetary support in the euro zone, Japan and China. S&P 500 index extended gains for the ninth quarter in a row. Oil fell as the U.S. led coalition inch closer to a deal with Iran on nuclear talks.

Charter to Buy Bright House for $10.4 B; Endurance to Acquire Montpelier

Mukesh Buch
31 Mar, 2015
New York City

Charter agreed to acquire Bright House for $10.4 billion. CBRE agreed to buy Johnson Controls

Bertelsmann, Kingfisher Profit Decline; Yoox to Merge with Net-a-Porter

Nigel Thomas
31 Mar, 2015
New York City

Bertelsmann profit declined 19% to

Nikke in Tokyo Down on Quarterly Adjustments

Hiruki Nakamura
31 Mar, 2015
New York City

On the final day of the quarter, investors in Japan sold positions to adjust portfolio allocation and the weak auto production report weighed on the market sentiment. Passenger car production declined for the eighth month in a row in February.

Australian Indexes Reverse on China Stimulus Hopes

Marcus Jacob
31 Mar, 2015
New York City

Australian market indexes reversed a week-long slump on the hopes that the Bank of China will follow through and provide additional monetary stimulus. Touchcorp, Genetic Signatures and OtherLevels completed public offerings.

Ashok Leyland Focuses on Debt Reduction, Tiger Trims Just Dial Stake

Mukesh Buch
31 Mar, 2015
New York City

Ashok Leyland sold its loss making subsidiary in Europe. Tiger Global lowered its stake in Just Dial and raised $48 million. Larsen & Toubro received contract for about ₹1,432 crore from the Ministry of Defence. Pidilite agreed to acquire 70% stake in Mumbai-based Nina Waterproofing.

On Merger Monday Market Indexes on Wall Street Surge 1%

Nichole Harper
30 Mar, 2015
New York City

Merger Monday lifted market indexes on Wall Street and the talks of additional stimulus in China also bolstered indexes in Asia. However, in Europe indexes struggled after Greek bailout plan was deemed inadequate by international lenders.

UnitedHealth to Buy Catamaran for $13 B, Intel in Talks with Altera

Mukesh Buch
30 Mar, 2015
New York City

AAR net net swung to a loss. Cal-Maine profit surged. Intel is in talks to acquire Altera for about $10 billion. Horizon Pharma agreed to acquire Hyperion Therapeutics for $1.1 billion. UnitedHealth agreed to acquire Catamaran for about $12.8 billion.

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