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Eurozone Growth Accelerates to 0.4%; AP Moeller, ABN Net Soar

Nigel Thomas
13 May, 2015
New York City

Markets across Europe stabilized after economic growth accelerated in March quarter. AP Moeller net surged but revenues plunged 10%. ABN AMRO profit soared 75% to

BHP Cuts Capex and Iron Ore Production Cost, Australian Stocks Advance

Marcus Jacob
13 May, 2015
New York City

Australian market indexes traded higher and the Aussie dollar held below 80 U.S. cents. BHP Billiton said it plans to cut its capital spending to $9 billion in fiscal year 2016 from $12.6 billion in fiscal 2015 and lower its iron ore production cost to $16 a ton.

Sensex Jumps 1.4%; Adani, Lupin, Torrent Struggle with Earnings

Mukesh Buch
13 May, 2015
New York City

Sensex index in Mumbai surged 1.3% and 10-Year bond yield closed at 7.94%. Reliance Jio raised $750 million from a Korean lender to roll out its 4G telecom services. Ashok Leyland said revenues soared 47%. Adani net plunged 74%. Lupin net fell 1%. Torrent Power net rose 2%.

S&P 500 and Indexes Trim Losses, Verizon May Have Overapid for AOL

Nichole Harper
12 May, 2015
New York City

Market indexes on both sides of Atlantic traded lower as investors worried that the five-year long rally may be nearing an end as investors hover near record highs. Verizon Communications agreement to acquire to AOL Inc is likely to destroy shareholder value one more time.

Verizon to Acquire AOL for $4.4 B, Gap Drops on Outlook

Mukesh Buch
12 May, 2015
New York City

FibroGen net loss widened after revenues declined 9%. Gap said April sales declined 9% and sales in the quarter dropped 3%. Leidos Holdings net climbed 11%. Verizon agreed to acquire AOL for $4.4 billion.

Allianz, K+S Profit Rise; Deutsche Post, ThyssenKrupp Drop

Nigel Thomas
12 May, 2015
New York City

Allianz net climbed 11% to

Nomura Net Rises 5%; Earnings Focus on Ebara, Bridgestone, Takata

Hiruki Nakamura
12 May, 2015
New York City

Nikkei average in Japan closed nearly unchanged and investors focused on another batch of corporate earnings. Nomura said annual net rose 5% and revenues rose 4%. Ebara and Hoya jumped but Bridgestone, Takata and Taiyo Yuden declined on earnings.

Australian Budget Estimates 2.75% Growth Rate and Iron Ore Price at $48

Marcus Jacob
12 May, 2015
New York City

Australian federal budget offered incentives for small businesses and capital investments and softened unemployment burden for youth. In cautious approach, the government estimated annual iron ore price at $48 a ton and coal price at $90 a ton. Qantas surged after reporting a drop in fuel costs.

Sensex in India Falls 2.3%, Inflation at 4-Month Low

Mukesh Buch
12 May, 2015
New York City

Market indexes in volatile trading dropped and rupee dropped to a 2015-low. Apollo Tyres said net in the quarter rose 9% but revenues slipped 4%. Dr.Reddy''s Lab net jumped 8% on 10% increase in revenues. Union Bank net in the quarter slipped 23%.

S&P 500, Dow, Nasdaq Hit Valuation Barriers; China Cuts Rate Again

Nichole Harper
11 May, 2015
New York City

On Merger Monday market indexes trended lower and European markets closed down. Crude oil and gold turned lower. Greece said it is set to release payment due to the IMF tomorrow. Shanghai index surged 3% after China lowered rate for the third time in six months.

Actavis, Dean Foods, Sotheby

Mukesh Buch
11 May, 2015
New York City

Actavis net swung to a loss but revenues soared 60%. AES net swung to profit while revenues plunged 7%. DISH Network profit surged two-fold. Dean Foods net loss widened. Noble Energy agreed to acquire Rosetta Resources for $2.1 billion plus net debt of $1.8 billion.

DTZ Acquires Cushman Wakefield Stake for $2 B

Nigel Thomas
11 May, 2015
New York City

Agnelli family divested 75% stake in its U.S.-based Cushman unit to DTZ for $2 billion. GEA profit declined 14% but revenues jumped 6%. Lonmin pretax loss narrowed. Talanx profit jumped 16%.

Nikkei Rebounds on China Rate Cut, Toshiba Plunges 17%

Hiruki Nakamura
11 May, 2015
New York City

Nikkei average in Tokyo rebounded after China lowered its one-year lending and deposit rate by 25 basis points over the weekend. Toshiba plunged 17% after the conglomerate expanded its accounting investigation. Suzuki Motor estimate fiscal year net to rise 14%. Sega Sammy swung to annual loss.

India Stocks Extend Rally, Adani Restructuring Wins Court Approval

Mukesh Buch
11 May, 2015
New York City

Sensex in Mumbai Gains ahead of inflation and industrial production data tomorrow. Adani Power net in the quarter soared 72%. Bank of Baroda quarterly net plunged 48% but bad loan ratio fell to 1.9%. Kansai Nerolac Paints net increased 5%.

Australia Looks Ahead to Federal Budget, PanAust Backs $1.2 B Offer

Marcus Jacob
11 May, 2015
New York City

Australian market indexes opened higher but struggled to advance ahead of Federal Budget tomorrow. PanAust Limited backed a sweetened takeover offer of $1.2 billion from China controlled company.

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