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Rates in India on Hold, RBI Signals Improving Economy

Mukesh Buch
04 Aug, 2015
New York City

The Reserve Bank of India keeps repo rate unchanged at 7.25%. Hero MotoCorp quarterly profit soared 33%. Britannia net surged 67% on 13% increase in revenues. RCap plans to sell its multiplexes business to Carnival Cinemas.

S&P 500 Down 0.5%, U.S. Auto Makers July Sales Rise

Nichole Harper
03 Aug, 2015
New York City

S&P 500 and Nasdaq indexes declined more than 0.5% on Wall Street after consumer spending growth slowed despite healthy increase in income in June. Auto makers reported stronger-than-expected sales in July. Benchmark index in Greece plunged 16%.

Nikkei and Yen Ease; Suzuki and Fuji Heavy Advance on Quarterly Sales

Hiruki Nakamura
03 Aug, 2015
New York City

Nikkei average and the yen eased and investors focused on latest earnings reports. Fuji Heavy Industries first-quarter sales surged 29% and Suzuki Motor lifted its annual sales and earnings outlook. Japan Tobacco said first-half sales were flat and net declined.

SUVs Drives July U.S. Auto Sales Higher, Tyson Plunges

Mukesh Buch
03 Aug, 2015
New York City

Clorox net soared 12%. CDW profit surged 25%. Ford, Fiat Chrysler, GM sales in July climbed. Loews profit climbed 47% but revenues dropped 4%. Mercury General net tumbled 90% on 10% decline in revenues. Tyson Foods net surged 32%.

Australian Home Prices Rise 2.8% in July; CSL, Novartis in Flu Vaccine Deal

Marcus Jacob
03 Aug, 2015
New York City

Australian market indexes closed down and home prices rose 2.8% in July according to a private survey. CSL agreed to acquire influenza business of Novartis AG for US$275 million.

Commerzbank, Heineken Net Soar; HSBC Sells Brazilian Unit

Nigel Thomas
03 Aug, 2015
New York City

Commerzbank profit more than doubled. Exor agreed to acquire PartnerRe for about $6.9 billion. Heineken profit soared 81% to

Hero Struggles with Sales in Rural India, Maruti Auto Sales Rises 21%

Mukesh Buch
03 Aug, 2015
New York City

Maruti Suzuki, the largest automaker in India, said unit auto sales climbed 21% in July. Hero, the maker of two-wheeler, said sales slipped 8% on weaker demand in rural areas. Bajaj sales rose 3%. M&M sales slipped 11%. L&T quarterly profit plunged 37%. HCL net increased 6%.

World Markets Mixed as Oil Dips to New Low

Nichole Harper
31 Jul, 2015
New York City

Market indexes on Wall Street turned lower and commodities declined after crude oil price declined to a new low and extended losses deeper. Euro zone inflation was stable at 0.2% and jobless rate at 11%.

Australian Wholesale Inflation Slows, ResMed Rises

Marcus Jacob
31 Jul, 2015
New York City

Australian market indexes extended weekly gains and wholesale inflation in second quarter slowed on weaker energy prices. ResMed said fourth quarter sales increased 8%. Monadelphous won four contracts worth $130 million.

With Declining Household Spending, Stagnant Inflation in Japan

Hiruki Nakamura
31 Jul, 2015
New York City

Inflation in Japan increased 0.4% in June from a year ago month and was unchanged at 0.1% from the previous month. With the latest decline in energy prices, inflation has been below the Bank of Japan

Sensex Jumps 1.5%, ICICI Net Climbs, India to Trim Hindustan Copper Stake

Mukesh Buch
31 Jul, 2015
New York City

ICICI Bank said quarterly net climbed 12% in 8% increase in revenues. Karur Vysya Bank net jumped 10% but Kotak Mahindra Bank net plunged 26%. GlaxoSmithKline net and revenues declined. Titan Company net fell 15%.

Chevron, Exxon Profits at Decade-Low; LinkedIn Drops 9%

Mukesh Buch
31 Jul, 2015
New York City

ArcelorMittal revenues declined 18%. Amgen net climbed 6%. Aon profit plummeted 41%. Chevron and Exxon Mobil net declined after revenues tumbled above 30%. Enbridge net plunged 24%. LinkedIn net loss widened. Seagate net tumbled 57%.

Carrefour Net Plunges 29%, BNP Paribas Net Swings to Profit

Nigel Thomas
31 Jul, 2015
New York City

Airbus net surged 34% to

Consumer Spending Boosts Second-Quarter U.S. Economic Growth

Nichole Harper
30 Jul, 2015
New York City

U.S. economic growth accelerated in the second-quarter from the first boosted by consumer spending on falling energy price. In addition, improving labor market also encouraged consumers to shop more often.

Colgate, Facebook, Marriott, P&G, Whole Foods Decline

Mukesh Buch
30 Jul, 2015
New York City

BorgWarner net tumbled 22%. Colgate revenues and profit declined. Cigna net rose 2%. Facebook dropped 9% on rising costs but after advertising revenue surged 43%. Marriott net soared 25%. P&G net tumbled 80%. Time Warner net declined 7%. Teva net plunged 28%.

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