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Australian Indexes Soar 1.7%, Prime Minister Rudd in Charge Ahead of Elections

Marcus Jacob
27 Jun, 2013
New York City

Australian stocks rebounded for the second day in a row and resource sector stocks gained. Australian job vacancies declined 7.3% in three months to May. News Corp settled shareholder lawsuit linked to phone hacking scandal in U.K. for $139 million.

India Movers: Hanung Toys, Indraprastha Gas, Kalpataru, NFL, NTPC

Mukesh Buch
27 Jun, 2013
New York City

Hanung Toys sales jumped 14% but net swung to loss. Indraprastha Gas plans to buy 50% stake in Kanpur based Central UP Gas. Kalpataru Power secured new orders worth $200 million.

Smaller Companies Index in Japan Plunges 12%, Retail Investors Exit

Hiruki Nakamura
26 Jun, 2013
New York City

Retail investors are losing appetite for stocks in Tokyo and smaller companies index plunged 12% and extended decline to 41% in a month. Topix and the Nikkei indexes also fell.

U.S. Movers: AeroVironment, General Mills, Lindsay, Monsanto, Synaptics

Mukesh Buch
26 Jun, 2013
New York City

AeroVironment net swung to loss as revenue plunged 51%. Apollo Group net plummeted 40% and General Mills tumbled 70% to $1.86 billion. Lindsay sales jumped and net surged 39%. Monsanto net slid 3% to $909 million. Synaptics climbed on fourth quarter outlook.

Europe Earnings: Colruyt, Direct Line, Legal & General, Stagecoach

Nigel Thomas
26 Jun, 2013
New York City

Colruyt revenue jumped 6% and profit for the year rose 3.1% to

Australia Estimates Resource Exports to Jump 14%, Stocks Rebound

Marcus Jacob
26 Jun, 2013
New York City

Australian stocks rebounded after China

India Movers: Airtel, Elder Pharma, Godrej, ING Vysya, Reliance Capital

Mukesh Buch
26 Jun, 2013
New York City

Elder Pharma plans to sell its domestic formulations business. ING Vysya to raise $150 million through a qualified institutional placement. Tech Mahindra completed merger with Satyam Computer. Bharti Airtel faces $110 million of penalty from telecom regulatory authority.

U.S. Movers: Barnes & Noble, Carnival, Ennis, Lennar, Sonic, Walgreen

Mukesh Buch
25 Jun, 2013
New York City

Barnes & Noble said quarterly sales declined and net loss widened. Carnival and Ennis quarterly net surged. Lennar sales climbed but net tumbled 70%. Walgreen net jumped 16% and sales rose 3.2%.

U.S. Durable Goods Orders Rise, Stocks Jump 1%

Nichole Harper
25 Jun, 2013
New York City

U.S. markets opened higher after durable goods orders increased at the fastest pace in six months and metropolitan home price rose more than expected in April. European markets jumped more than 1%.

Europe Earnings: Carpetright, Essar Energy, Peugeot, Telefonica, Vodafone

Nigel Thomas
25 Jun, 2013
New York City

Essar Energy net loss for the year narrowed to $162.8 million. Telefonica agreed to sell its Irish unit to Hutchison for

Banks and Automakers Drive European Markets Higher

Nigel Thomas
25 Jun, 2013
New York City

European markets rebounded a day after indexes extended losses and erased yearly gains. Business confidence index in France improved moderately in June. Automakers in Europe traded higher and banks led the gainers.

Nikkei and Yen Struggle; Air Asia and ANA to Dissolve Joint Venture

Hiruki Nakamura
25 Jun, 2013
New York City

Market indexes in Tokyo closed lower and the yen rebounded above 98. ANA Holdings and the largest discount carried Air Asia plan to dissolve their joint venture. Sumitomo Life Insurance may bid for life insurance unit of PT Bank Negara Indonesia.

India Movers: Cairn India, MMTC, Oil India, Pipavav Defence, Tata Steel

Mukesh Buch
25 Jun, 2013
New York City

Cairn India plans to invest $3 billion in its Rajasthan oilfields. Oil India and ONGC Videsh agree to acquire stake in Mozambique oil field from Videocon for $2.48 billion. Tata Steel is looking to raise $1.2 billion through stake sales in group companies.

Australian Indexes Erase Yearly Gains, ANZ Faces Unfair Fees Suit

Marcus Jacob
25 Jun, 2013
New York City

Australian market indexes closed at its low for the year and erased most of the yearly gain as investors shy away from stocks in resource and retail sectors. A consumer advocate group in New Zealand filed a legal challenge for unfair fees charged by ANZ.

European Markets Extend 5-Day Losses, Vodafone to Buy Kabel Deutschland

Nigel Thomas
24 Jun, 2013
New York City

European markets extended losses and erased gains in the year so far and the euro weakened as the dollar advanced. Vodafone agreed to offer 7.7 billion euros to Germany

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