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Sensex in India Eases; BPCL, Hindalco, RInfra Swing on Earnings

Mukesh Buch
28 May, 2015
New York City

Godrej said quarterly profit jumped 22%. BPCL net declined 30%. AstraZeneca India surged 16% on 31% increase in revenues and quarterly net swung to profit. Bata India quarterly net soared 48%. Hindalco profit plunged 36% but revenues jumped 11%.

S&P 500 and Indexes Rebound, Fed and Greece Dominate Sentiment

Nichole Harper
27 May, 2015
New York City

Market indexes on Wall Street jumped on a rebound in tech stocks and the two familiar news topics resurfaced. Investors played a guessing game on the next rate move by the Fed and the EU officials denied reports that lenders are working with Greece in finalizing a loan agreement.

Yen Hits 8-Year Low Against Dollar, Nikkei in 9-Day Rally

Hiruki Nakamura
27 May, 2015
New York City

Nikkei average gained for the ninth day in a row and extended rally to a 4.5% advance. The yen dropped to a low not seen since July 2007. Mitsubishi Gas said it plans to spend 9 billion yen to buy back its stock. Seibu Holdings estimated fiscal year profit to jump 10%.

Brown Shoe, DSW, Tiffany Soar; Chico's, Michael Kors, Workday Plunge

Mukesh Buch
27 May, 2015
New York City

Brown Shoe net soared 25%. Chico''''s net jumped 5%. DSW profit surged 23%. Hormel Foods agreed to acquire Applegate Farms for $775 million. Movado net tumbled 51%. Michael Kors profit soared 13%. Reynolds American won the U.S. antitrust approval to merge with the rival Lorillard.

Australian Stocks Decline, Construction Activities Shrink

Marcus Jacob
27 May, 2015
New York City

Australian market indexes closed down in moderate trading and the Aussie dollar held firm. Construction spending declined on a seasonally adjusted basis but residential construction soared in the quarter.

IAG Offers

Nigel Thomas
27 May, 2015
New York City

IAG intends to acquire smaller rival airline Aer Lingus for

Rupee at New Low in India; RPower, IDBI, Tech Mahindra in Focus

Mukesh Buch
27 May, 2015
New York City

RPower said net in the quarter rose 3%. GAIL net tumbled 48%. BHEL net surged more than three-fold and revenues soared doubled. IDBI Bank net advanced 5% on 19% increase in revenues. Tech Mahindra net and revenues declined. United Spirits net loss narrowed.

1% Fall in S&P 500 Leads Global Decline, Charter in Expensive Cable Deal

Nichole Harper
26 May, 2015
New York City

In an expensive deal, Charter Communications agreed to acquire Time Warner Cable Inc for $78.7 billion including debt. The deal is expected to vault Charter to the second largest spot in the industry but the cable company faces several hurdles on cost and restive customer base.

Charter and Time Warner in $79 B Merger, EMC Acquires Virtustream

Mukesh Buch
26 May, 2015
New York City

Charter Communications agreed to acquire Time Warner Cable Inc for $55.1 billion and assume debt. EMC agreed to acquire privately-held Virtustream for $1.2 billion. AutoZone net jumped 8%. Nevada Gold agreed to buy Club Fortune Casino.

Ryanair Revenues Surge, Citycon in

Nigel Thomas
26 May, 2015
New York City

Ryanair net profit in the year surged 66% to

8-Day Rally in Nikkei Extends Gains to 4.4%

Hiruki Nakamura
26 May, 2015
New York City

Nikkei average extended rally to the eighth day in a row and the benchmark index jumped 4.4% in the longest rally since August. Monex Group said annual operating revenues declined 7%. Kyushu Electric Power jumped 4% after the electric utility said it plans to restart is nuclear reactor in late July.

Australian Resource Stocks Lead a Rebound, AGL Energy in Restructuring

Marcus Jacob
26 May, 2015
New York City

Australian market indexes closed higher on a slight rebound in iron ore price. Banks and resource stocks were in focus. AGL Energy said it plans to sell $1 billion in assets and cut costs in a restructuring move. Ozforex plunged 10% despite reporting 52% jump in earnings.

Rupee in India at New Yearly Low; Tata Motors Net Rises, Essar Oil Net Falls

Mukesh Buch
26 May, 2015
New York City

Rupee dropped to a new low in the year so far as oil price continues to hover near the high in 2015. Domestic earnings lifted market mood for selective companies. Tata Motors said net in the fourth-quarter rose 6%. Essar Oil net plunged 46%. Future Retail net and revenues surged.

Markets in Europe and Asia Struggle, U.S. and U.K. on Holiday

Nichole Harper
25 May, 2015
New York City

In quiet trading in Europe and in Asia, indexes generally traded lower as the U.S. and U.K. markets were closed. Euro was in focus after Greek default worries resurfaced and indexes in Spain dropped more than 2%.

Trade Deficit in Japan Plunges in April, Nikkei Advances

Hiruki Nakamura
25 May, 2015
New York City

Nikkei average in Tokyo closed higher and April month trade deficit tumbled after exports to the U.S. and the European Union advanced. Takata Corp declined after Mazda said it will recalls vehicles in Australia to fix airbag related problems.

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