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Petrobras Asset Sale to Raise $8 B, Playtech to Buy Plus500

Nigel Thomas
01 Jun, 2015
New York City

British American Tobacco agreed to acquire TDR for

Nikkei in 12-Day Rally, Shanghai Soars

Hiruki Nakamura
01 Jun, 2015
New York City

Stocks in Japan closed higher as Nikkei advanced in the longest rally since February 1998. Market indexes in Shanghai soared 4.7% and market indexes have soared 50% in the year so far. Fujifilm and Fanuc announced shareholder friendly moves.

Australian Indexes Reverse Gains to 0.7% Loss Ahead of Rate Decision

Marcus Jacob
01 Jun, 2015
New York City

Australian market indexes traded lower and property stocks closed down and investors digested several economic data. Home prices fell for the first time in six months in May and domestic manufacturing activities expanded in the month.

Maruti Auto Sales Jumps; Sun Pharma, L&T, Cipla Net Decline

Mukesh Buch
01 Jun, 2015
New York City

Rate sensitive stocks gained ahead of interest rate decision from the Reserve Bank of India on Tuesday. Maruti said auto sales climbed 14% and Hyundai Motor sales rose 2%. L&T quarterly profit declined 27%. Jet Airways net loss narrowed. Sun Pharma quarterly profit plunged 44%.

U.S. Economy Swings to Contraction on Second Estimate, Soft World Markets

Nichole Harper
29 May, 2015
New York City

Indexes on Wall Street rebounded from the near 1% decline in late morning and the U.S. government downwardly revised its economic growth assessment. Resurgent dollar and unusually cold weather played key roles in the revised estimate. European markets struggled on mixed messages on Greek talks.

GameStop Soars on Outlook, Ulta Salon Net Jumps 34%

Mukesh Buch
29 May, 2015
New York City

Equinix agreed to acquire the U.K.-based rival Telecity for $3.6 billion. Intel may acquire Altera for $15 billion. Big Lots net surged more than eight-fold. Genesco net plunged 29%. GameStop soared 9%. Splunk net loss widened. Ulta Salon profit surged 34%.

Nikkei at New 15-Year High, Yahoo Japan Soars 11%

Hiruki Nakamura
29 May, 2015
New York City

Nikkei index rewrites 15-year high for the eleventh day in a row and the yen edged lower as foreign investors increase exposure to Japanese stocks. Domestic auto demand in April declined 7.5%. Yahoo Japan soared 11% on its e-commerce plan in China with Alibaba.

TeleCity in

Nigel Thomas
29 May, 2015
New York City

European market indexes lacked direction. TeleCity agreed to acquire by the U.S.-based rival Equinix for

Australian Markets Extend Weekly Gains

Marcus Jacob
29 May, 2015
New York City

In active trading, ASX 200 index jumped more than 1% and investors factored rates to stay on hold after the policy makers meet on Tuesday next week.

Economic Growth in India Accelerates, Sensex in India Climbs 1.2%

Mukesh Buch
29 May, 2015
New York City

Economic growth in India accelerated to 7.3% in the first quarter from the downwardly revised 6.6% in the fourth quarter. NMDC said net in the quarter declined 31%. M&M quarterly profit dropped 39%. ONGC profit plunged 20% but revenues rose 3%. NTPC net and revenues slipped.

Pending U.S. Home Sales at 9-Year High, World Markets Struggle

Nichole Harper
28 May, 2015
New York City

Stocks on Wall Street lagged and market indexes meandered after a deal in the semiconductor industry dominated news flow. Home purchase contract index rose at the fastest pace in nine years. Stalled Greece negotiation with international lenders dragged market sentiment in Europe.

Avago in $37 B Deal with Broadcom; Abercrombie, Palo Alto Jump

Mukesh Buch
28 May, 2015
New York City

Avago agreed to acquire Broadcom for $37 billion. CA agreed to acquire Rally Software for $480 million. Abercrombie & Fitch net loss widened. Costco profit climbed 9%. Copart net soared 41%. Palo Alto net loss narrowed.

Greece and Lenders Miss One More Deadline, Swatch Group Net Eases

Nigel Thomas
28 May, 2015
New York City

Ferrexpo net tumbled 53% on 38% decline in revenues. Kingfisher sales and retail profit each dropped by 5%. Sports Direct climbed on positive outlook. Swatch Group profit slightly declined to 1.416 billion francs.

Nikkei at New 15-Year High on 8-Year Low Yen Weakness

Hiruki Nakamura
28 May, 2015
New York City

Ten day rally lifts Nikkei average in Tokyo by 5% and the yen traded at a new 8-year low. Retail sales in April increased 5% from a year ago month and seasonally adjusted sales rose 0.4% from a month ago. Sales data have been distorted ahead of last April sales tax increase.

Australian Capex Falls 4.4%, Mirvac Asset Sale to Raise $450 M

Marcus Jacob
28 May, 2015
New York City

Market averages in Sydney turned lower after capital expenditure in the first-quarter declined 4.4%. Australian dollar edged lower. Mirvac Group said it plans to sell assets and raise as much as $450 million.

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