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Australian Unemployment Rate in June at 11-year High

Marcus Jacob
10 Jul, 2014
New York City

Australian stocks rebounded after a sharp fall of 1% in yesterday

India Movers: Bharti Airtel, ONGC, JSW Steel, Kirloskar Electric

Mukesh Buch
10 Jul, 2014
New York City

Bharti Airtel divest approx 3,100 towers in four countries in Africa to Helios Towers. ONGC Videsh priced unsecured bonds worth $1.5 billion and

Alcoa Net Swings to Profit; AeroVironment Jumps, MSC Drops

Mukesh Buch
09 Jul, 2014
New York City

Alcoa net swung to profit on flat revenues. AeroVironment net swung to profit. Capstone Turbine won first order from Oman. MSC Industrial jumped 4% on 13% increase in revenue. ServiceNow agreed to acquire Neebula Systems for $100 million.

Alcoa Earnings Fails to Shake Off Wall Street Caution

Nichole Harper
09 Jul, 2014
New York City

U.S. stocks traded sideways and investors remained cautious after Alcoa Inc kicked off the latest earnings season with better than expected results. Citigroup is nearing a settlement of $7 billion for charges linked to mortgage securities fraud.

Europe Earnings: Admiral Group, Sodexo, Turbo Power Systems, UK Mail

Nigel Thomas
09 Jul, 2014
New York City

Admiral Group first-half revenues declined to

Topix in Tokyo Extend 3-day Losses; Hakuhodo, Meiko in Focus

Hiruki Nakamura
09 Jul, 2014
New York City

Stocks in Tokyo declined for the third day in a row led by the decline in cargo shipping companies and financial brokers. New vehicle tire sales in Japan increased 4.5% in June. Meiko Network Japan said third quarter revenues increased 3.2%.

Australian Indexes Drop 1%

Marcus Jacob
09 Jul, 2014
New York City

Australian stocks dropped 1% following weak international markets. Resolute Mining Limited said gold production in financial year was 342,773 ounces, less than estimated. Aurizon Holdings and Baosteel inched closer to acquire Aquila Resources.

GMR Infra, Bank of Baroda Complete Offering; Infosys Net Drops 11%

Mukesh Buch
09 Jul, 2014
New York City

Bank of Baroda issued fixed rate senior unsecured notes of $250 million. GMR Infra raised Rs 1,477 crore through a secondary offering. Infosys net profit expected to decline 11%. Indusind Bank profit surged 26%. SpiceJet offered one million seats at a deep discount price.

U.S. Indexes Decline on Internet and Biotech Stocks Retreat

Nichole Harper
08 Jul, 2014
New York City

Stocks on Wall Street edged lower ahead of earnings season and worries linked to stretched valuation. AbbVie revised its offer for UK listed Shire Plc for the third time and offered $51 billion.

AbbVie Revised Shire Offer; Delta Air, Zogenix Decline

Mukesh Buch
08 Jul, 2014
New York City

AbbVie revised its takeover offer for $51.5 billion after rejecting of three previous offers. Delta Air Lines reduced its flights on dispute with Venezuela. Macquarie Infrastructure agreed to acquire the remaining 50% stake of Intl-Matex Tank Terminals for $1 billion.

Japan Current Account Surplus Surges in May

Hiruki Nakamura
08 Jul, 2014
New York City

Stocks in Tokyo closed lower and the yen traded nearly unchanged. Japan

Air France Plunges 9% on Outlook, Shire Received Third Revised Offer

Nigel Thomas
08 Jul, 2014
New York City

Air France plunged after weak fiscal outlook. Marks and Spencer first-quarter sales jumped 2.3%. Monitise lowered its revenue forecast. Shire received third takeover offer from AbbVie. SIG said sales climbed 6.5% to

Australian Stocks Trade in Tight Range

Marcus Jacob
08 Jul, 2014
New York City

Australian market indexes closed down after trading in a narrow range. Trading volume was weak even though banks and resource stocks dominated the session. Aristocrat Technologies raised $375 million for its $1.4 billion bid to acqure Video Gaming Technologies.

India Movers: Cipla, Hero Motocorp, ICRA, NMDC, RIL, Shasun Prama

Mukesh Buch
08 Jul, 2014
New York City

Cipla plans to invest up to

On Merger Monday U.S. Stocks Rest After a Week of Surge, Dollar Eases

Nichole Harper
07 Jul, 2014
New York City

Stocks on Wall Street traded lower led by a fall in small cap stocks. Monday merger led to more deal announcements in the U.S. and Europe. ADM agreed to acquire Wild Flavors for $3 billion. Argentina enters in talks with bond holders.

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