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Japan's First-Quarter GDP Expands 2.4%, Nikkei at 15-Year Peak

Hiruki Nakamura
20 May, 2015
New York City

Japan reported better than expected first-quarter economic growth of 0.6% and the U.S. dollar rose to a two-month high. On an annual basis, the GDP increased 2.4%. Nikkei average jumped to a 15-year high. Next Co, the online real estate information provider said annual sales jumped 42%.

Australian Indexes Struggle, Brambles Acquires Chilean Company

Marcus Jacob
20 May, 2015
New York City

Australian market indexes trimmed losses in moderate trading and banks led the decliners. Cardno Limited, the environmental consultant plunged 27% after $200 million write down. Brambles Ltd acquired Chile based crate pooling services provider for $80 million.

Reliance to Raise $1.7 B in Bond Offering, PVR in Talks with DLF

Mukesh Buch
20 May, 2015
New York City

Reliance Industries sought shareholder approval to raise $1.7 billion in a convertible bond offering. PVR is in talks to acquire movie theater chain from DLF for as much as $90 million. Bharat Forge net soared 71%. Tata Power net swung to profit.

ECB 2-Month Plan Supports Global Rally, U.S. Stocks Struggle at Records

Nichole Harper
19 May, 2015
New York City

Global markets jumped after the European Central Bank official suggested that the bank may accelerate its one trillion euro bond-buying program over the next two months. Weak same store sales from Wal-Mart offered another signal that consumers are saving lower fuel price windfall.

TJX Jumps; Stage Stores, Urban Outfitters, Wal-Mart Decline

Mukesh Buch
19 May, 2015
New York City

Agilent net plunged 40%. Boeing signed contract with China-based privately held Ruili Airlines worth $6 billion. Home Depot net surged 14%. Stage Stores net loss narrowed. TJX net soared 8%. Urban Outfitters net plunged 13%. Wal-Mart net declined 7%.

German Employment Rises 0.7%, Vodafone Net Tumbles

Nigel Thomas
19 May, 2015
New York City

European auto sales increased for the twentieth month in a row. German employment growth in the March quarter slowed to 0.7% increase. DCC agreed to acquire France-based Butagaz from Shell for

3-Day Rally in Nikke in Tokyo, China Stocks Raly

Hiruki Nakamura
19 May, 2015
New York City

Market indexes in Tokyo advanced for the third day in a row as corporate earnings stay ahead of expectations and higher pay out ratios of dividend. Investors bid up stocks ahead of the release of March quarter economic growth data on Wednesday.

RBA Minutes in Australia Raise Hopes for Additional Rate Cuts

Marcus Jacob
19 May, 2015
New York City

ustralian stocks traded lower in weak market sentiment and Aussie dollar edged down. Market indexes swung higher in a brief rally after the release of latest RBA minutes of meetings. Bega Cheese fell 4% on weak annual profit outlook.

Sensex Falls in Choppy Trading, Zuari Takes Stake in Mangalore Chemicals

Mukesh Buch
19 May, 2015
New York City

Market indexes in India closed down in choppy trading. Colgate-Palmolive India said net climbed 24% on 11% increase in revenues. Bharti Airtel agreed to buy Augere Wireless for about ₹150 crore. Mahindra Holidays net plunged 57%.

Deals Drives S&P 500 and Dow Jones to New Record Highs

Nichole Harper
18 May, 2015
New York City

Stocks on Wall Street overcame morning weakness and traded higher on merger deals. Confidence index measuring home builders declined in May. U.S. Treasury bonds edged lower and the S&P 500 and the Dow Jones index traded at record highs. Luxury goods makers sue China based Alibaba.

Ascena Agrees to Acquire Ann, Endo to Buy Par for $8 B

Mukesh Buch
18 May, 2015
New York City

Ascena Retail agreed to acquire apparel retailer Ann for $2 billion. Par Pharmaceutical agreed to be acquire by U.K.-based Endo International for $8 billion. Elbit Systems net declined 8% but revenues jumped 4%. Kite Pharma net loss widened. W.P. Carey net tumbled 69%.

Endo in $8 billion Deal with Par, Kabel Deutsch Net Swings to Profit

Nigel Thomas
18 May, 2015
New York City

Endo International agreed to acquire the U.S.-based Par Pharmaceutical for $8 billion. Babcock Intl profit surged 42% on 21% increase in revenues. Cranswick net declined 4%. Kabel Deutschland net swung to profit to

Nikkei Surges 1.3% on Strong Machinery Orders, Dai-ichi Life Lifts Dividend

Hiruki Nakamura
18 May, 2015
New York City

Nikkei average in Tokyo closed at a 3-week high after machinery orders increased in March rose 2.9%. Insurance company stocks jumped after Dai-ichi Life lifted dividend payout. Marubun Corp said annual net rose 7.6%.

Australian Indexes Drop 1.3%, BHP Spins Off South32

Marcus Jacob
18 May, 2015
New York City

Australian market indexes declined 1.3% and the Aussie dollar traded above 80 U.S. cents. Australian vehicles sales in April declined 1.5% to below 95,000. South32 Limited began trading as a separate mining company after BHP completed the spin-off.

Sensex in India Jumps 1.3%, Asian Paints, Nestle, Tata Coffee Net Climb

Mukesh Buch
18 May, 2015
New York City

Sensex in Mumbai advanced on the rate cut prospects and normal monsoon season. Asian Paints said net climbed 19%. Jain Irrigation net and revenues surged. Nestle India net jumped 24%. Tata Coffee net more than doubled on 13% increase in revenues. Torrent Pharma net plunged 47%.

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