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Inflation Accelerates in India, Rupee Drops to 63

Mukesh Buch
13 Mar, 2015
New York City

Sensex in India declined after consumer price index in February accelerated on the rising food prices. Snapdeal plans to buy online mobile recharge platform Freecharge for ₹2,800 crore. Tata Motors said Jaguar Land Rover

IiNet and TPG Telecom in $1.4 B Deal in Australia

Marcus Jacob
13 Mar, 2015
New York City

Australian market indexes closed down and the Aussie dollar lacked direction in moderate trading. For the week, the ASX 200 index declined 1.5%. Internet service provider, iiNet Limited agreed to be acquired by TPG Telecom at $1.4 billion valuation.

Stocks Power Ahead on Wall Street, Third Monthly Decline in Retail Sales

Nichole Harper
12 Mar, 2015
New York City

Stocks on Wall Street rebounded and initial claims of weekly jobless claims declined below 300,000. Retail sales declined for the third month in a row on bad weather and cautious consumer spending. The dollar declined after the sustained rise against the euro.

Children

Mukesh Buch
12 Mar, 2015
New York City

Children

BMW Net Climbs; ITV in

Nigel Thomas
12 Mar, 2015
New York City

BMW profit jumped 9% to

Nikkei at 15-Year High, Toyota Pay Increase in Focus

Hiruki Nakamura
12 Mar, 2015
New York City

Nikkei in Japan jumped the most in a month and the index surged to a 15-year high. Toyota Motor surged more than 1% on the expectations that the company may agree to larger than usual wage increase for workers.

Australian Stocks Jump, Jobless Rate Ease to 6.3%

Marcus Jacob
12 Mar, 2015
New York City

In active trading, market indexes in Australia jumped on a slight rebound in resource stocks. Jobless rate in February declined to 6.3% from 6.4% in January. Whitehaven Coal completed $1.4 billion debt refinancing and extended repayment to 2019.

Economic Growth in India to Lead G-20 Nations

Mukesh Buch
12 Mar, 2015
New York City

Sensex in India halted 3-day slide after the IMF lifted economic growth outlook in India. ICICI Bank plans to sell its stake in a life insurance joint venture with the U.K based Prudential. IVRCL acquired orders worth ₹226.18 crore.

Accelerating Declines in Euro and European Bonds

Nichole Harper
11 Mar, 2015
New York City

Stocks on Wall Street lacked direction and investors remained on the sidelines after the S&P 500 index wiped out gains in the year so far. The euro accelerated its decline and extended nine-month loss to 35% as traders brace for more fall in the next three months.

Verisk in $2.8 B Deal with Wood Mackenzie, Vera Bradley Tumbles

Mukesh Buch
11 Mar, 2015
New York City

Brown Shoe plunged on weak fiscal outlook. Express net dropped 13% and comparable store sales fell 2%. Ferrellgas Partners profit soared 30% but revenues plummeted 23%. Vera Bradley net swung to profit. Verisk Analytics agreed to acquire U.K.-based Wood Mackenzie for $2.8 billion.

Adecco Net Soars, E.ON Net Swings to Loss

Nigel Thomas
11 Mar, 2015
New York City

Adecco net soared 14% to

Yen Extends Losses, FamilyMart and UNY in Merger Talks

Hiruki Nakamura
11 Mar, 2015
New York City

Stocks in Tokyo struggled to hold on gains of the day and the yen eased after the U.S. dollar hit a 12-year high against the euro. FamilyMart is in merger talks with the rival UNY Group to form the second-largest convenience store chain.

Aussie Dollar at 6-Year Low, BHP Targets Iron Ore Cost at $20

Marcus Jacob
11 Mar, 2015
New York City

Stocks in Australia closed down and the Aussie dollar dropped to a six-year low. Seasonally adjusted total home loans in January declined 3.5% to 51,396 and home loan value eased 1%. BHP, the largest iron ore miner said it is on track to cut production cost to $20 a ton.

Indexes in India and Asia in 3-Day Slump, Adani to Buy Adhunik Power

Mukesh Buch
11 Mar, 2015
New York City

Market indexes in Asia, India and emerging markets turned lower as the U.S. dollar traded at a 12-year high. Asian Paints signed an agreement to set up a manufacturing unit in Andhra Pradesh. Maruti Suzuki India plans to recall 33,098 units of Alto car.

Dollar Jumps to 12-Year High, U.S. Indexes Erase Gains

Nichole Harper
10 Mar, 2015
New York City

U.S. market indexes declined for the second day in a row and dollar jumped to a 12-year high against the euro. Investors fear that the Federal Reserve is closer to lifting rates from record low near zero after five years as the economic data show improving conditions.

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