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Nikkei in Tokyo Eases 0.4%; FamiliyMart Jumps 4%, Aeon Plunges 5%

Hiruki Nakamura
07 Jul, 2014
New York City

Stocks in Tokyo eased and market indexes turned lower after a week of advance led by a decline in resource and retail stocks. FamilyMart jumped 4.5% after Itochu plans to increase its stake to 37% before the end of current fiscal year. Aeon dropped 5% after quarterly net plunged.

Archer Daniels to Acquire Wild Flavors for $3.1 B

Mukesh Buch
07 Jul, 2014
New York City

Archer Daniels agreed to acquire Switzerland-based Wild Flavors for $3.1 billion in cash. BioDelivery Sciences surged after experimental pain drug was deemed effective. Warren Resources agreed to acquire all assets of Citrus Energy for $353 million.

Europe Earnings: Anglo American, Helvetia, Lafarge, SABMiller, TeliaSonera

Nigel Thomas
07 Jul, 2014
New York City

Anglo American intends to sell its 50% stake in Lafarge worth

Australian Construction Sector Expands, Wotif.com Receives $660 M Offer

Marcus Jacob
07 Jul, 2014
New York City

Australian market indexes closed lower and construction industry showed first sign of revival in the year. Wotif.com received $660 million takeover offer from the U.S. based Expedia Inc.

India Movers: Mahindra Holidays, Oil India, Rajesh Exports, Tata Power

Mukesh Buch
07 Jul, 2014
New York City

Mahindra Holidays acquired 19% stake in Finland-based Holiday Club Resorts for

Europe Movers: EasyJet, Erste Group Bank, Gowex, Porsche, Serco

Nigel Thomas
04 Jul, 2014
New York City

EasyJet June passenger count climbed 10%. Erste Group tumbled after bank forecasted net loss for the year of as much as

Nikkei Extends Weekly Gain to 1.5% on U.S. Employment Report

Hiruki Nakamura
04 Jul, 2014
New York City

Nikkei 225 Stock Average extended weekly gain to 2.3% following better than expected jobs data in the U.S. and additional stimulus measures in the euro zone. Izumi Co., the food retailer said first quarter revenues increased 4.4%. Tosei Corp first-half sales declined 11%.

Australian Indexes Participate in World Markets Rally

Marcus Jacob
04 Jul, 2014
New York City

Australian market indexes gained 1.5% at the end of week when Reserve Bank of Australia and European Central Bank left interest rates on hold. The latest market rally was supported by better than expected job gains in the U.S. Reef Casino was halted after ACCC launched competition investigation.

India Movers: Aban Offshore, Hindalco, ICVL, Jain Irrigation, NMDC

Mukesh Buch
04 Jul, 2014
New York City

Aban Offshore raised $125 million. Hindalco plans to raise $500 million to repay maturing debt. ICVL intends to buy three coal mines in Mozambique from Rio Tinto. Siemens sold a land parcel in Bangalore for Rs 345 crore.

U.S. Payrolls Data, ECB Loan Action Power World Markets Advance

Nichole Harper
03 Jul, 2014
New York City

U.S. market indexes closed higher after monthly jobs gains were higher than expected and unemployment rate fell to 6.1%. The larger than expected jobs additions lifted the market indexes.

Tyson Foods Completes Hillshire Purchase; Lululemon Explores Buy Out

Mukesh Buch
03 Jul, 2014
New York City

Escalade completed the sale of print finishing business. International Speedway net dropped 4%. Lululemon rose on talks of going private. Synnex net climbed 28% on 33% increase of revenue.

Balfour Beatty Drops on Profit Alert, Barry Callebaut Sales Soar 22%

Nigel Thomas
03 Jul, 2014
New York City

Balfour Beatty dropped after another profit warning. Barry Callebaut quarterly revenue soared 22% to 4.32 billion Swiss francs. Greene King profit increased to

Topix in Tokyo Turns Lower from a Five-Week High

Hiruki Nakamura
03 Jul, 2014
New York City

Stocks in Tokyo closed lower but investors held out for gains later in the year. Dai-ichi Life is set to approve stock sale of at least $2 billion to fund its acquisition of Protective Life Corp. Osaka Organic Chemical reported weak growth in sales and net declined.

Australian Building Approvals Surged 9.9%, Retail Sales Dropped 0.5%

Marcus Jacob
03 Jul, 2014
New York City

Miners and banks led the gainers in Australia for the second day in a row and trading volume was heavy. Building approvals in June rose but seasonally adjusted retail sales dropped 0.5%. Lynas Corp plans to move its headquarters to Malaysia.

Hero, TVS June Sales Rise; Coal India Misses Target

Mukesh Buch
03 Jul, 2014
New York City

Alstom T&D won contract worth Rs 27.7 crore from Himachal Pradesh. Apollo Tyres invest $340 million at Chennai and Kerala plants. Coal India production fell in June. Hero Motocorp sales in June climbed 8%. JSW Energy acquired power plant for Rs 5,700 crore.

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