ticker

SoftBank Targets India for Solar Projects in Partnership with Bharti

Hiruki Nakamura
23 Jun, 2015
New York City

Nikkei and Topix soared nearly 2% and the yen eased on the hopes that Greece and European lenders are nearing a compromise and avoid a debt default in the euro zone. SoftBank formed a joint venture with India-based Bharti Enterprises to bid for solar power projects.

Australian Indexes in 2-Day Rally, Flight Centre Plunges 14%

Marcus Jacob
23 Jun, 2015
New York City

Banks led the gainers in Sydney trading and the reference ASX 200 index jumped 1.3%. Healthscope Limited agreed to sell its domestic pathology operations for $105 million. Flight Centre Travel Group Ltd plunged 14% after the tour bookings operator lowered revenues outlook.

8-Day Rally in Sensex in India

Mukesh Buch
23 Jun, 2015
New York City

Bharti Enterprise agreed to form a venture with Japan-based SoftBank and Taiwan-based Foxconn Technology and bid for solar projects in India. DLF plans to raise up to ₹5,000 crore through non-convertible debentures offering.

Altice Offered

Nigel Thomas
22 Jun, 2015
New York City

European markets soared as negotiators voiced optimism for Greek discussion. Altice offered

Nikkei in Tokyo Soars 1.5%, Yen Advances

Hiruki Nakamura
22 Jun, 2015
New York City

Nikkei average in Tokyo soared 1.5% and the yen gained in active trading. Tokyo Electron and Applied Materials withdrew merger plan. Fancl, the maker of nutrition supplements, said sales in May increased 17%.

Australian Indexes in Mild Rebound, Dexus and Stockland in Tower Deal

Marcus Jacob
22 Jun, 2015
New York City

In below average trading, ASX 200 index turned corner in the afternoon to close higher. A2Milk Company said it has received a takeover offer from an associated party. Dexus Property agreed to acquire 50% stake in an office tower in the central area in Brisbane.

Sensex in India Jumps 1.5%; L&T, Infosys Win Orders

Mukesh Buch
22 Jun, 2015
New York City

Sensex in Mumbai extended gains in the second week. L&T secured new orders and extended its winning streak to the second week. NTPC plan to set up a 1,600 megawatt coal-based power plant in Odisha. Infosys won three orders from overseas clients.

Global Markets Subdued as Greek Bank Withdrawals Gather Pace

Nichole Harper
19 Jun, 2015
New York City

Global markets and U.S. stocks edged lower after investors worried that Greece may be inching towards a debt default. More than 4 billion euros left Greek banking system this week. Crude oil prices eased after the U.S. shale output remained strong despite the recent price collapse.

KB Home, Red Hat Jump; CarMax, Finisar, Hershey, Healthways Drop

Mukesh Buch
19 Jun, 2015
New York City

CarMax sales and profit jumped 7%. Finisar net plunged 75%. Hershey lowered its fiscal sales forecast. Healthways plunged on weak outlook. KB Home net tumbled 64%. Lumenis agreed to be acquired by China-based XIO Group for $510 million. Red Hat profit surged 28%.

BoJ Leaves Bond Prrogram Intact and Reiterates Inflation Target

Hiruki Nakamura
19 Jun, 2015
New York City

Nikkei average soared 0.9% and jumped 1.1% in the week after Bank of Japan left its bond purchase program intact and reiterated its inflation target timetable. Seven & I jumped on profit outlook. Mitsubishi UFJ Trust and Banking agreed to acquire fund administration business from UBS in Japan.

Australian Indexes Extend Weekly Gains, iProperty Soars 10%

Marcus Jacob
19 Jun, 2015
New York City

Australian market indexes advanced following the gains in New York and the Aussie dollar gained after the U.S. Fed statement. iProperty Group soared nearly 10% after it lifted its revenues outlook. Sydney Airport said domestic and international traffic increased in May.

Sensex in India Advances Most in 5 Weeks, LIC Increases Hindalco Stake

Mukesh Buch
19 Jun, 2015
New York City

Adani Power said IDBI Trusteeship Services Limited acquired 6.44% shares in the company. LIC increased its stake in Hindalco to 13%. L&T secured an orders worth ₹2,278 crore from various business in May and June.

Airbus Wins 110 Jet Plans Order, Fidelity Bids

Nigel Thomas
19 Jun, 2015
New York City

Airbus secured an order worth $15.6 billion for 110 jet planes. Bayer plans to invest

Wall Street Marches On, Fitbit Soas 50% on Debut

Nichole Harper
18 Jun, 2015
New York City

Market indexes on Wall Street advanced and extended weekly gains after jobless claims dropped to nearly 15-year low and the consumer price index increased at the fastest pace in two years. Fitbit completed its initial public offering to raise $732 million and stock soared 50%.

Markets in Japan and Asia Sold Off After Fed Statement

Hiruki Nakamura
18 Jun, 2015
New York City

Stocks in Tokyo and in Asia sold off after the latest statement from the U.S. Federal Reserve suggested rates may rise in a gradual fashion later in the year. Monex Group declined after operating revenues fell in May.

Market Update