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China, India, U.S. Lead World Markets in 2014

Nichole Harper
31 Dec, 2014
New York City

World markets closed down on the final day of trading and U.S. indexes stretched annual gains for the third year in a row but larger European markets fell. Indexes in Shanghai and Mumbai led the advances in global markets and Russia and Greece led the decliners.

China Based Fosun Acquires Meadobrook, Pacific Ethanol Buys Aventine

Mukesh Buch
31 Dec, 2014
New York City

Meadowbrook agreed to be acquired by China-based conglomerate Fosun Intl for $433 million. Under Armour signed a 4-year partnership with Andy Murray for

Volatile European Markets Drop in 2014; Greece Plunges 28%, Denmark Soars 21%

Nigel Thomas
31 Dec, 2014
New York City

Market indexes in Germany and U.K. drop more than 2% and indexes in France fell 0.5%. Greece and Italy led the region with a drop of more than 28%. Spain closed higher. Bwin.Party lowered its fiscal revenue guidance and the online gambling site operator is in talks to sell its social gaming business

Australian Resource Stocks Plunge in 2014

Marcus Jacob
31 Dec, 2014
New York City

Australian market indexes gained more than 1% but resource stocks plunged after coal and oil prices suffered worst decline since 2008. For the year, oil declined nearly 50%, and Santos Limited plunged 40%. BHP Billiton lost 22% and Rio Tinto declined 14%.

Sensex in India Jumps 29.7% in 2014

Mukesh Buch
31 Dec, 2014
New York City

KEC International secured new contracts worth about Rs 1,412 crore. L&T won contracts worth Rs 2,521 crore. MCFL said Zuari group plans to buy 36.56% stake in the company. NTPC terminated the Barh contract with Russia.

Nikkei Jumps 7.1% in 2014, Yen at 7-year Low

Hiruki Nakamura
30 Dec, 2014
New York City

Market indexes in Japan closed higher for the third year in a row. Nikkei 225 gained 7.1% and Topix index added 8.1% in 2014. The yen remained weak as the Bank of Japan targeted higher inflation and drove the currency down.

Australian Indexes Drop 1%, Oil at New 5-year Low

Marcus Jacob
30 Dec, 2014
New York City

Australian market indexes dropped 1% and the Aussie dollar weakened after crude oil price eased and fell to a new low in the year. CuDeco Limited soared 18% after the copper miner issued production report.

Next Lifts Outlook, Nanoco in Deal with Dow Chemical

Nigel Thomas
30 Dec, 2014
New York City

Empyrean Energy profit surged on 32% increase in revenues. Next forecasted profits for the year to increase 1% to

India to Lift Stake in IFCI, IDBI to Sell CARE Stake

Mukesh Buch
30 Dec, 2014
New York City

Cabinet in India approved to increase government''s stake to 51% from 47.93% in IFCI. IDBI Bank plans to sell its entire stake in CARE. Oil India established its 5 megawatt solar power plant in Rajasthan.

S&P 500 Index Extends to Record High, Green Heads for Snap Election

Nichole Harper
29 Dec, 2014
New York City

U.S. market indexes extended gains and the benchmark indexes closed at new highs. European markets were under pressure as Greece is heads for snap election.

Walgreen Shareholders Approve Remaining Alliance Boots Stake Purchase

Mukesh Buch
29 Dec, 2014
New York City

AMAG Pharma and Takeda Pharma terminate March 2010 license. FLIR Systems secured $27 million contract from the Department of Defense. Manitowoc surged after Carl Icahn acquired 7.77% stake. Walgreen investor voted for remaining stake of Alliance Boots.

Nikkei Turns Lower on Ebola Worries, Foreign Investors Grow Weary of Abenomics

Hiruki Nakamura
29 Dec, 2014
New York City

Stocks in Tokyo reversed earlier gains and closed down after a man was tested positive for Ebola virus. Japan Post confirmed its plan to list on the Tokyo Stock Exchange. International investors increase the exposure to Japanese stocks by the smallest amount in five years.

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