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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.

European Markets Drops on Spain Election Results and Greek Worries

Nigel Thomas
25 May, 2015
New York City

Spain

Independence Offers A$1.8 B for Sirius, Australian Indexes Advance

Marcus Jacob
25 May, 2015
New York City

Australian market indexes closed higher on Merger Monday. Independence offered to acquire Nickel miner Sirius Resources for $1.8 billion and said it will spin-off the merged asset as a new company.

Senesex in India Drops 1%; Petronet, Mangalore Refinery Net Rises

Mukesh Buch
25 May, 2015
New York City

Market indexes in Mumbai dropped 1% and investors turned cautious after markets in Asia declined. ITC said net in the quarter rose 4%. Chennai Petroleum net soared 20%. City Union Bank net climbed 19%. DCW net surged 92%. Gujarat State Petronet and Mangalore Refinery net climbed.

Pick Up in Inflation and U.S. Stocks Rest Ahead of Memorial Day Weekend

Nichole Harper
22 May, 2015
New York City

Core rate of inflation in April rose faster than expected as prices excluding food and fuel advanced. Stocks meandered ahead of Memorial Day weekend. The Dutch government announced a plan to sell its stake in ABN Amro as early as in the fourth quarter.

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