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Australian Movers: Woodside, Mount Gibson Production Surges

Marcus Jacob
17 Jul, 2014
New York City

Resource stocks traded higher in Australia after mining companies reported higher quarterly production. Guildford Coal received unsolicited offer for its coal assets. Mount Gibson reported record annual sales and production. Woodside Petroleum second quarter oil production increased 17.5%.

India Movers: Bajaj, Crompton, CMC, Gruh, TCS, Vakrangee

Mukesh Buch
17 Jul, 2014
New York City

Bajaj Auto profit edged up. Crompton Greaves plans to split its consumer products business unit into a separate listed company. CMC net plunged 35%. Gruh Finance profit climbed 24%. Lakshmi Vilas Bank net surged 34%. TCS revenue and profit surged. Vakrangee net soared.

U.S. Indexes Advance on Earnings and Fox Takeover Offer for Time Warner

Nichole Harper
16 Jul, 2014
New York City

Stocks on Wall Street traded higher after Time Warner rejected $80 billion offer from 21st Century Fox. Rupert Murdoch said he is prepared to increase his offer and set in motion a long fight to acquire the media giant.

Two-day Rally Halts in Tokyo, Retailers Advance

Hiruki Nakamura
16 Jul, 2014
New York City

Earnings announcements were in focus in Tokyo and retailers reported better than expected earnings. The yen closed below 102 mark against the dollar after comments from the Fed Chair Janet Yellen.

Fortescue and Rio Tinto in Focus in Australian Trading

Marcus Jacob
16 Jul, 2014
New York City

Resource stocks in Australia traded higher after China reported better than expected economic growth in the second quarter. Fortescue Metals soared after iron ore shipments in the second quarter were ahead of estimates. Rio Tinto also reported better than expected iron ore production.

Time Warner Rejects $80 B Offer; Bank of America Drops, Intel Soars

Mukesh Buch
16 Jul, 2014
New York City

Abbott net fell 2% but sales rose 2%. Bank of America net plunged 43% after litigation expenses. BlackRock net jumped 11%. Charles Schwab net surged 27%. Intel profit climbed 40%. Time Warner rejected $80 billion takeover offer. Yahoo profit tumbled.

Europe Earnings: Gtech, Husqvarna, Meggitt, Rio Tinto, Tele2

Nigel Thomas
16 Jul, 2014
New York City

Gtech agreed to acquire International Game Technology for $6.4 billion in cash. Husqvarna net climbed 48% to 975 million kronor. Meggitt surged on takeover bid for about

India Movers: Atlanta, Bajaj, Airtel, Federal Bank, ONGC, Kotak Mahindra

Mukesh Buch
16 Jul, 2014
New York City

Bajaj Finance profit and revenues climbed. Bharti Airtel sold its Beetel Teletech to the U.S.-based Brightstar. Federal Bank net surged 108%. Kotak Mahindra Bank net jumped 7%.

Reynolds Buys Lorillard for $27.4 B, Albemarle Acquires Rockwood

Mukesh Buch
15 Jul, 2014
New York City

Albemarle agreed to acquire Rockwood Holdings for $6.2 billion. Comerica net rose 5%. Goldman Sachs profit climbed 5%. Johnson & Johnson lifted earnings outlook. JPMorgan net declined 8%. Reynolds American buys Lorillard for about $27.4 billion.

Yellen:Economy Needs Support, U.S. Market Indexes Lacks Direction

Nichole Harper
15 Jul, 2014
New York City

U.S. market indexes traded sideways and investors worried on rising valuations. Fed Chair Janet Yellen suggested economy still needs monetary support but did not offer a timetable for interest rate increase. Reynolds America and Lorillard revealed merger details.

Europe Earnings: Airbus, Bwin.party, Michael Page, SSAB, Volkswagen

Nigel Thomas
15 Jul, 2014
New York City

Airbus signed major orders for A320 Family aircraft at the Farnborough International Airshow 2014. Bwin.party Digital revenue climbed 44% to

Earnings in Focus in Japan; Maezawa, Matsuya, Takashimaya in Focus

Hiruki Nakamura
15 Jul, 2014
New York City

Investors focused on latest earnings announcements and market indexes in Japan rose for the second day in a row. Matsuya Co, the department-store operator swung to a quarterly profit. Maezawa Industries soared 27% on annual earnings outlook.

RBA Forecasts Stable Interest Rate Outlook for Australian Rates

Marcus Jacob
15 Jul, 2014
New York City

Australian stocks closed unchanged and weak bank stocks cut early market indexes advance. Aussie dollar traded below 94 U.S. cents. Coles supermarket entered in a joint venture with GE Capital to sell personal financial products. OZ Minerals lifted its annual production outlook.

India Movers: DCB Bank, L&T, NIIT, Sadbhav, Tata Sponge, TTK

Mukesh Buch
15 Jul, 2014
New York City

DCB Bank net jumped 5% on 35% increase in revenue. L&T secured an order worth $846 million from Kuwait. NIIT net declined 19%. Sadbhav Engineering received a work order worth Rs 550 crore from a mining company in Rajasthan state. Tata Sponge profit surged 145%.

Australian Indexes Gain 0.5%, David Jones Shareholders Approve Merger

Marcus Jacob
14 Jul, 2014
New York City

Australian indexes advanced in thin trading dominated by small cap stocks. Aussie dollar held firm and investors turned optimistic ahead of earnings season this week. Shareholders approved David Jones merger with South Africa based Woolworths Holdings.

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