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Iron Ore Outlook Weak, Fortescue Metals Shipment Up 10%

Hiruki Nakamura
23 Jul, 2015
New York City

Australian market indexes declined for the second day after iron ore price fell and a report suggested continued weakness. Fortescue Metals iron ore shipments increased 10% in the June quarter. Newcrest Mining said June quarter gold production rose 10%.

Nikkei to Acquire Financial Times for $1.3 B

Hiruki Nakamura
23 Jul, 2015
New York City

Nikkei Inc agreed to acquire Financial Times group from the U.K. based Pearson Plc for $1.3 billion. The deal includes the publishing properties only and does not cover the real estate and the stake in the Economist publication. CyberAgent quarterly net doubled and Chugai Pharmaceuticals half-year net rose.

Daimler, Unilever Net Soar; Credit Suisse Net Swings to Profit

Nigel Thomas
23 Jul, 2015
New York City

Credit Suisse net swung to profit to 1.05 billion francs. Daimler profit climbed 8% to

Sensex in India Drops; Bajaj Auto, CEAT Net Rises

Mukesh Buch
23 Jul, 2015
New York City

Alstom India quarterly profit tumbled 46%. Bajaj Auto net soared 37% on 11% increase in revenues. CEAT Tyre net surged. Lupin net declined 16%. Network18 net loss narrowed. Muthoot Finance net rose but revenues fell 4%.

Weak Tech Stocks Drag S&P 500 and European Markets Down

Nichole Harper
22 Jul, 2015
New York City

Market indexes on Wall Street declined after Apple and Microsoft declined. Apple reported 38% surge in fiscal third quarter and sold 35% more iPhones, but fell short of some expectations. Microsoft Corp reported its largest quarterly loss ever. Tech stocks weakness weighed on European indexes.

Apple Sales Miss Target; Microsoft, Yahoo Net Swing to Loss

Mukesh Buch
22 Jul, 2015
New York City

Apple revenues and profit surged above 33%. Boeing net plunged 33% but revenues jumped 11%. Illinois Tool net tumbled 68%. Microsoft net swung to a loss. Whirlpool net fell 1% while sales climbed 11%. Yahoo net swung to a loss.

Nikkei Falls 1%, Toshiba Trims Kone Stake

Hiruki Nakamura
22 Jul, 2015
New York City

Nikkei average dropped more than 1% following weak closings in international markets. Mitsui Chemicals lifted its first-half sales outlook. Toshiba Corp trimmed its stake in Finland-based Kone Oyj.

European Markets Drop; ARM, easyJet, K&S, Tungsten, Zooplus in Focus

Nigel Thomas
22 Jul, 2015
New York City

European market indexes declined between 0.6% and 1.5%. ARM net surged 38%. easyJet revenue per seat declined 5% but forecasted higher pre-tax profit for the year. K&S once again rejected new merger approach from Canada-based rival Potash Corp. Zooplus sales soared 34%.

BHP Guides Lower Petroleum and Higher Iron Ore Prduction

Marcus Jacob
22 Jul, 2015
New York City

Market indexes in Sydney dropped following weak closures in Europe and in New York and consumer price index in the June quarter increased 0.7%, matching expectations. BHP forecasted lower petroleum production in 2016 but iron ore production will continue to rise.

Sensex at 3-Month High in India, Idea Cellular, PVR Net Climb

Mukesh Buch
22 Jul, 2015
New York City

Sensex in Mumbai traded at a 3-month high on a surge in energy sector stocks. Idea Cellular said quarterly profit climbed 28%. JSW Energy net declined 15%. Bajaj Finance profit surged 30% on 33% increase in revenues. PVR jumped 5%. Cairn India net declined 24%.

Wall Street Indexes Decline on Weak Results from IBM; Asian Rally Continues

Nichole Harper
21 Jul, 2015
New York City

Market indexes on Wall Street declined after quarterly results from IBM, United Technologies and Verizon disappointed investors. Chesapeake Energy axed its annual dividend. Citigroup was fined $700 million for its illegal credit card practices.

Verizon Profit Edged up; IBM, Harley-Davidson Net Decline

Mukesh Buch
21 Jul, 2015
New York City

IBM net tumbled 17%. BNY Mellon net soared 50%. Baker Hughes net swung to a loss. TD Ameritrade net rose 4%. Fifth Third Bancorp net declined 30%. Harley-Davidson profit plunged 15%. Prologis net soared 93%. Verizon net edged up 0.7%.

European Markets Fall on Weakness in Novartis and SAP

Nigel Thomas
21 Jul, 2015
New York City

European markets traded lower after Novartis missed earnings outlook. Novartis profit plunged 32% on 5% decrease in revenues. Akzo net surged 61%. Remy Cointreau sales jumped 4%. SAP profit declined 16% to

Sensex Eases; Unilever Net Flat, Infosys Soars, HDFC Bank Net Jumps

Mukesh Buch
21 Jul, 2015
New York City

Hindustan Unilever said quarterly profit was nearly flat. Asian Paint net surged 39%. Bharti is in exclusive talks with France-based Orange to sell its four subsidiaries in Africa. Infosys soared 11% on better than expected revenues. HDFC Bank net and revenues climbed.

Nikkei Extends 4-Week Rally, Toshiba Details Earnings Overstatement

Hiruki Nakamura
21 Jul, 2015
New York City

Nikkei average in Tokyo extended rally and the yen eased after two weeks of strength as investors digested latest batch of earnings. Genky, the drug store retailer, said annual sales increased 9% and net soared 50%. Yasakawa Electric said quarterly revenues rose 11%.

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