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Euro Faces Greek Discount, Stocks Turn Lower in Europe

Nigel Thomas
14 Jul, 2015
New York City

European currency markets are increasingly looking for Greek discount on the euro. Carillion guided higher revenues. Johnston Press declined on weak sales outlook. Kuehne & Nagel profit jumped 4%. Michael Page said gross profit in the second-quarter climbed 6%.

Nikkei Jumps 1.5%, J Front June Sales Rise 2.4%

Hiruki Nakamura
14 Jul, 2015
New York City

Nikkei average rose for the second day in a row and the index traded above 20,000 mark and yen held firm near its recent lows. Real estate developer, Ichigo Group reported quarterly revenues to 36% and earnings gained 27%. J. Front retailing said total June sales increased 2.4%.

Australian Stocks Jump 1.9%, Aussie Dollar Under Pressure

Marcus Jacob
14 Jul, 2015
New York City

Australian market indexes soared and Aussie dollar bounced around the low of year as investors shift focus to regional developments and Chinese stock market and its impact on the commodities prices.

Wholesale Inflation in India Eases for the Eighth Month

Mukesh Buch
14 Jul, 2015
New York City

The Wholesale price index declined for the eighth month in a row but on a monthly basis food prices are on the rise. JSW Steel said crude steel production in first-quarter advanced 10%. NIIT Technologies net surged 36%.

In the Repeat of Past, Latest Greek Deal Only Delays Inevitable

Nichole Harper
13 Jul, 2015
New York City

World markets for now welcomed a tentative deal between European lenders and Greece. However, Greece is facing an uphill task in implementing unpopular reforms and reduce fiscal gap and lift revenues and the euro is likely to come under more pressure. Merger Monday saw three billion dollars deals.

Nikkei Rebounds 1.6%, Astellas Completed Stock Repurchase Plan

Hiruki Nakamura
13 Jul, 2015
New York City

Nikkei average in Tokyo jumped 1.6% and the yen held firm after a last minute deal between Greece and lenders lifted sentiment for the day. Astellas Pharma said it completed its latest stock buyback plan. Nippon Express sales and earnings in the quarter rose more than expected.

Australian Stocks and Dollar Turn Lower

Marcus Jacob
13 Jul, 2015
New York City

Australian stocks and dollar edged lower after Greece and European leaders hammered out a deal that may not be possible to implement. Amcor agreed to acquire India-based packaging company. Australand agreed to sell industrial property to Growthpoint.

MPLX in $20 B Deal with Markwest, Black Hill to Buy SourceGas

Mukesh Buch
13 Jul, 2015
New York City

MPLX plans to buy Markwest Energy for $20 billion. BorgWarner agreed to buy Remy Intl for $950 million. Black Hills agreed to acquire SourceGas for $1.9 billion. Jarden plans to acquire U.K.-based Waddington for $1.4 billion.

European Markets Trade Higher, Alent to Buy by Platform Specialty

Nigel Thomas
13 Jul, 2015
New York City

European markets extended gains and international investors remained sceptical of the latest accord between lenders and Greece. Platform Specialty Products plans to acquire Alent

Sensex in India Jumps 1.1%; IndusInd Bank Net Climbs

Mukesh Buch
13 Jul, 2015
New York City

Markets rebounded in Mumbai and the latest agreement between the lenders and Greece was viewed with scepticism. IndusInd Bank said quarterly net climbed 25% on 20% increase in revenues. Unichem Lab profit slipped 5%. IL&FS Transportation won a road project in Jharkhand.

PG in $12.5 B Deal with Coty; Barracuda, Dover, Helen of Troy, PTC Decline

Mukesh Buch
10 Jul, 2015
New York City

P&G agreed to sell its 43 beauty brands to Coty for $12.5 billion. Barracuda net swung to a loss but revenues jumped 18%. Dover lowered fiscal outlook. Helen of Troy net surged 24%. PriceSmart revenues soared 13%. PTC lowered revenues and earnings forecast.

World Markets Advance on Greek Proposal, Oil to Fall Further

Nichole Harper
10 Jul, 2015
New York City

Stocks on Wall Street gained and market indexes jumped ahead of yet another deadline this Sunday for Greece. Oil price decline is expected to last in 2016 as the U.S. shale oil supply continues to grow but at a slower pace.

Nikkei Extends Weekly Decline, Asahi and Kirin in Focus

Hiruki Nakamura
10 Jul, 2015
New York City

Nikkei average in Tokyo edged lower but markets in Asia returned normality after regulatory steps in China calmed world markets. Oil, natural gas and iron ore continued to trade with negative bias in Asia. Asahi Glass said first-half sales rose 2%.

Fraport June Traffic Jumps, Ryanair Agrees to Aer Lingus Deal

Nigel Thomas
10 Jul, 2015
New York City

Fraport passenger

China Bounce Lifts Australian Sentiment, Aussie Dollar Edges Lower

Marcus Jacob
10 Jul, 2015
New York City

Australian market indexes returned to positive undertone after markets in China rose for the second day in a row but commodities prices remained week in Asia. Home loan values and total number of loans issued declined in May in Australia. Transurban reported toll revenues in June quarter surged 70%.

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