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Australian Indexes Rebound, New Home Sales Drop 2.3%

Marcus Jacob
30 Jun, 2015
New York City

Australian indexes rebounded on the last day of the week, month, quarter and half-year. The Aussie dollar struggled but resource stocks gained and banks led the advance. Kathmandu Holdings Ltd, the outdoor apparel retailer confirmed a takeover bid.

Global Markets May Prepare to Look Beyond Greece, Shanghai Rebounds 5%

Nichole Harper
30 Jun, 2015
New York City

World markets were on the defensive for the second day in a row as the prospect of a last minute accord between international lenders and Greece receded. Greece is scheduled to default at midnight and finance ministers are expected to meet tomorrow morning. China took steps to halt bear market.

Global Markets in Retreat on Merger Monday, Greek Crisis Intensifies

Nichole Harper
29 Jun, 2015
New York City

Global markets faltered and the euro was on the defensive after Greece imposed capital controls and tempers rose in the euro zone. Merger Monday saw a flurry of activities on both sides of the Atlantic.

Nikkei Leads Asia-wide Plunge with a Drop of 3%

Hiruki Nakamura
29 Jun, 2015
New York City

Market indexes in Tokyo plunged as much as 3% following a sharp turn in the euro zone. Greece imposed capital controls and entered in an unpredictable zone with the prospect of troubled nation leaving the currency union rose.

GE to Sell Fleet Businesses; SYSCO Terminates Merger

Mukesh Buch
29 Jun, 2015
New York City

GE agreed to sell its fleet businesses to Element Financial and Arval. Gannett began trading as two separate companies. SYSCO terminated its merger agreement with US Foods. Amphenol agreed to acquire FCI Asia for $1.3 billion. AMAG agreed to buy Cord Blood Registry for $700 million.

Deutsche Boerse in Deal with Six Group, Novartis to Acquire Spinifex

Nigel Thomas
29 Jun, 2015
New York City

Deutsche Boerse is in talks with Six Group to acquire the remaining stakes in Stoxx and Indexium for 650 million Swiss francs. BMW in a consortium plans to bid for Australia and New Zealand Banking Group''s car and equipment loan business.

Australian Market Indexes Drop 2.2% on Greek Fears

Marcus Jacob
29 Jun, 2015
New York City

ASX 200 index in Sydney declined more than 2% after Greek worries and financial markets braced for more fallout in the euro zone. Australian dollar declined as investors sought safety in yen and the U.S. dollar.

Markets in Asia and India Plunge as Greece Enters in Unpredictable Zone

Mukesh Buch
29 Jun, 2015
New York City

Asian stock markets slump after Greece closed its banks and imposed capital controls after talks with international lenders failed to win the release of funds. L&T won orders worth $300 million in June. Union home ministry denied security clearance to Sun TV Network.

U.S. Consumer Confidence at 5-Month High, Indexes Struggle on Wall Street

Nichole Harper
26 Jun, 2015
New York City

Market indexes on Wall Street struggled to advance in slow trading on Friday and a private measure of consumer confidence index increased to a five-month high. European markets advanced ahead of weekend talks to push Greece in a last ditch effort to an agreement.

Flat Jobless Rate in Japan as Inflation Eases

Hiruki Nakamura
26 Jun, 2015
New York City

Nikkei average on Friday extended weekly gains after jobless rate in May was flat and volatile household spending rose for the first time in over a year. The latest economic reading supports the string of relatively weak economic backdrop with the consumer demand falling.

Finish Line, Nike Jump; Micron, Methode, Synnex Drop

Mukesh Buch
26 Jun, 2015
New York City

Finish Line net soared 11% on 9% increase in revenues. Micron Technology net plummeted 39%. Methode Electronics net plunged 45%. Nike profit surged 24%. Synnex net climbed 31%.

Ninth Decline in 10 Days in Iron Ore Prices, Australian Indexes Dive

Marcus Jacob
26 Jun, 2015
New York City

Australian market indexes traded down and extended weekly losses after iron ore prices declined for the ninth time in the last ten days as traders eye $60 a ton price for China delivery. Bradken plunged 13% after it agreed to an investment deal with a consortium of private equity groups.

Potash Corp Offers

Nigel Thomas
26 Jun, 2015
New York City

K&S received

RBI Flags Tougher Times for Banks in India, $3 B Capital Injection

Mukesh Buch
26 Jun, 2015
New York City

RBI warns in its semi-annual report that the asset quality at Indian banks is likely to worsen. Indian government may be forced to inject as much as $3 billion in banks in the current fiscal year.

Indexes Struggle on Wall Street and Europe, Robust U.S. Consumer Spending

Nichole Harper
25 Jun, 2015
New York City

Stocks on Wall Street turned lower on stretched valuations and investors digested jobless claims and consumer spending reports. Consumer spending increased at the fastest pace in six years in May on rising demand for automobiles and other durable goods.

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