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In the Repeat of Past, Latest Greek Deal Only Delays Inevitable

Nichole Harper
13 Jul, 2015
New York City

World markets for now welcomed a tentative deal between European lenders and Greece. However, Greece is facing an uphill task in implementing unpopular reforms and reduce fiscal gap and lift revenues and the euro is likely to come under more pressure. Merger Monday saw three billion dollars deals.

Nikkei Rebounds 1.6%, Astellas Completed Stock Repurchase Plan

Hiruki Nakamura
13 Jul, 2015
New York City

Nikkei average in Tokyo jumped 1.6% and the yen held firm after a last minute deal between Greece and lenders lifted sentiment for the day. Astellas Pharma said it completed its latest stock buyback plan. Nippon Express sales and earnings in the quarter rose more than expected.

Australian Stocks and Dollar Turn Lower

Marcus Jacob
13 Jul, 2015
New York City

Australian stocks and dollar edged lower after Greece and European leaders hammered out a deal that may not be possible to implement. Amcor agreed to acquire India-based packaging company. Australand agreed to sell industrial property to Growthpoint.

MPLX in $20 B Deal with Markwest, Black Hill to Buy SourceGas

Mukesh Buch
13 Jul, 2015
New York City

MPLX plans to buy Markwest Energy for $20 billion. BorgWarner agreed to buy Remy Intl for $950 million. Black Hills agreed to acquire SourceGas for $1.9 billion. Jarden plans to acquire U.K.-based Waddington for $1.4 billion.

European Markets Trade Higher, Alent to Buy by Platform Specialty

Nigel Thomas
13 Jul, 2015
New York City

European markets extended gains and international investors remained sceptical of the latest accord between lenders and Greece. Platform Specialty Products plans to acquire Alent

Sensex in India Jumps 1.1%; IndusInd Bank Net Climbs

Mukesh Buch
13 Jul, 2015
New York City

Markets rebounded in Mumbai and the latest agreement between the lenders and Greece was viewed with scepticism. IndusInd Bank said quarterly net climbed 25% on 20% increase in revenues. Unichem Lab profit slipped 5%. IL&FS Transportation won a road project in Jharkhand.

PG in $12.5 B Deal with Coty; Barracuda, Dover, Helen of Troy, PTC Decline

Mukesh Buch
10 Jul, 2015
New York City

P&G agreed to sell its 43 beauty brands to Coty for $12.5 billion. Barracuda net swung to a loss but revenues jumped 18%. Dover lowered fiscal outlook. Helen of Troy net surged 24%. PriceSmart revenues soared 13%. PTC lowered revenues and earnings forecast.

World Markets Advance on Greek Proposal, Oil to Fall Further

Nichole Harper
10 Jul, 2015
New York City

Stocks on Wall Street gained and market indexes jumped ahead of yet another deadline this Sunday for Greece. Oil price decline is expected to last in 2016 as the U.S. shale oil supply continues to grow but at a slower pace.

Nikkei Extends Weekly Decline, Asahi and Kirin in Focus

Hiruki Nakamura
10 Jul, 2015
New York City

Nikkei average in Tokyo edged lower but markets in Asia returned normality after regulatory steps in China calmed world markets. Oil, natural gas and iron ore continued to trade with negative bias in Asia. Asahi Glass said first-half sales rose 2%.

Fraport June Traffic Jumps, Ryanair Agrees to Aer Lingus Deal

Nigel Thomas
10 Jul, 2015
New York City

Fraport passenger

China Bounce Lifts Australian Sentiment, Aussie Dollar Edges Lower

Marcus Jacob
10 Jul, 2015
New York City

Australian market indexes returned to positive undertone after markets in China rose for the second day in a row but commodities prices remained week in Asia. Home loan values and total number of loans issued declined in May in Australia. Transurban reported toll revenues in June quarter surged 70%.

Sensex in Mumbai Trims Weekly Losses, TCS Revenues Rise 6%

Mukesh Buch
10 Jul, 2015
New York City

TCS said quarterly profit climbed 53% and revenues rose 6%. GRUH Finance net jumped 20% on 22% increase in revenues. Wipro agreed to acquire Denmark-based Designit for ₹595 crore or

World Markets Look Higher on China Engineered Rebound, Euro Under Cloud

Nichole Harper
09 Jul, 2015
New York City

Indexes on both sides of Atlantic rose after China halted market slide and hope ran eternal in the euro zone. Athens government is scheduled to offer its list of reforms before the Sunday deadline. Alcoa kicked off earnings season with earnings falling short of expectations.

Alcoa, Avon Jump, Pessina to Lead Walgreens Boots

Mukesh Buch
09 Jul, 2015
New York City

Alcoa revenues were ahead of expectations but earnings lagged. LKQ agreed to acquire PartsChannel. PepsiCo net was flat after sales declined 6%. Peabody sells its Australian mine. Walgreens Boots Alliance net surged.

Machinery Orders in Japan Rise 0.6%, Nikkei Rebounds

Hiruki Nakamura
09 Jul, 2015
New York City

Nikkei average in Tokyo rebounded after indexes in Shanghai and in Hong Kong jumped after Chinese regulatory steps. Machinery orders in Japan rose 0.6% in May following 3.8% increase in April. Fast Retailing said nine-month sales increased 24%.

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