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Nikkei Extends 4-day Rally; NSK and Mitsubishi Chemical in Focus

Marcus Jacob
16 Jul, 2015
New York City

Nikkei extended gains for the fourth day in a row and the yen held firm after Greek lawmakers approved tougher conditions demanded by international lenders. Mitsubishi Chemical plans to integrate with plastics and rayon companies.

Aussie Dollar Slips to Six-Year Low, Rio Says Weak Iron Ore Outlook

Marcus Jacob
16 Jul, 2015
New York City

Australian markets traded higher but the Aussie dollar dropped below 74 U.S. cents. Rio Tinto said global iron ore production in June quarter rose 9% but issued weak outlook for shipment. Woodside Petroleum second quarter revenues dropped 46%.

Sensex Rises 0.9%, Bharti in Telecom Tower Talks with Idea and Vodafone

Mukesh Buch
16 Jul, 2015
New York City

Sensex extended weekly gains. Bharti is in advanced talks with Vodafone and Idea Cellular to acquire telecom towers for $1.6 billion. Reliance started to sell diesel to Indian Railways. Adani Power secured three power transmission projects in Chhattisgarh.

Yellen Stresses Rate Hike Pace, China Expands at 7% Rate

Nichole Harper
15 Jul, 2015
New York City

Market indexes on Wall Street struggled near the recent highs and Fed Chair Janet Yellen reiterated central bank

Celgene in $7.2 B Deal with Receptos; Bank of America Net Jump

Mukesh Buch
15 Jul, 2015
New York City

Bank of America net soared 132%. BlackRock net barely rose 1%. Celgene agreed to acquire Receptos for $7.2 billion. Delta Air Lines net surged 85%. U.S. Bancorp net fell 0.7%. Yum Brands profit plunged 30%.

Greek Government Faces Shake Up After Vote, BHP Writes Down Assets

Nigel Thomas
15 Jul, 2015
New York City

Prime Minister Alexis Tspiras government may fall after the latest debate fracture the coalition. Aker Solutions net plunged 46%. AGA Rangemaster agreed to be acquired by U.S.based Middleby for

U.S. Stocks Look Higher as Banks Lead Earnings Season

Nichole Harper
14 Jul, 2015
New York City

Stocks in New York advanced after Wells Fargo and JPMorgan set the pace for the earnings season. European markets edged lower after details of Greek accord emerged. Crude oil rebounded but traded near the low in the year and markets in Asia were cautious ahead of GDP report from China.

Bank of Japan Leaves Rates and Stimulus Tartget Unchanged

Hiruki Nakamura
15 Jul, 2015
New York City

Nikkei average advanced after the Bank of Japan left its reference rate on hold and left its target to stimulate the economy unrevised. However, the central bank lowered its annual growth estimate to 1.7%. Nippon Prologis quarterly revenues rose 6% and Fujifilm expanded its stock repurchase plan.

Australian Indexes Jump 1%, Record Monthly New Home Construction

Marcus Jacob
15 Jul, 2015
New York City

Australian market indexes advanced after China reported 7% economic growth in the second quarter and the monthly new home construction surged above 200,000 home for the first time in Australia. Select Harvests soared more than 9%.

Sensex in India Jumps; Zee Net Climbs, DLF to Raise $500 M

Mukesh Buch
15 Jul, 2015
New York City

Zee Entertainment said quarterly profit climbed 16%. Cera Sanitaryware net jumped 15%. Sintex quarterly profit advanced 12%. National Aluminium Company plans to construct a $3 billion smelter complex in Iran.

J&J, JPMorgan Profit Jump; Wells Fargo Net Drops

Mukesh Buch
14 Jul, 2015
New York City

J&J profit surged 25% but revenues declined 9%. JPMorgan Chase net jumped 5% but net revenue dropped 4%. Wells Fargo net fell 1% but interest income rose 1%. Commerce Bancshares net soared 23%. Fastenal net climbed 8%. Match Group agreed to acquire PlentyOfFish for $575 million.

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%.

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