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Europe Movers: Danone Sales Rise 5.6%, LVMH Sales Jump 6%

Nigel Thomas
16 Apr, 2013
New York City

Danone first quarter group sales jumped 5.6% to

Euro Zone Inflation Falls, EU Proposes Tighter Banking Rules

Nigel Thomas
16 Apr, 2013
New York City

Financial markets across the euro zone rebounded following the gains in New York. The European Union proposed tighter banking rules and proposed higher capital and limits on annual bonuses. Inflation across the euro zone fell to 1.7%.

Nikkei at Close Cuts Half the Losses of the Day, Yen Gains

Hiruki Nakamura
16 Apr, 2013
New York City

Financial markets in Tokyo recovered some of the 1% losses in indexes and resources linked companies led the decliners. The yen gained and Softbank plunged as much as 9% after a competing bid from Dish may force the company to lift its bid for Sprint.

Australian Indexes Weak on Gold Rout

Marcus Jacob
16 Apr, 2013
New York City

Australian markets opened lower but in the late afternoon trimmed losses. Gold plunged 10% and resource sector linked stocks led the decliners. RBA is on hold to let the rate cuts work through the system and held out the possibilities of future cuts.

Reliance Industries Net Surges 24%, Tata Power Wins Tariff Hikes

Mukesh Buch
16 Apr, 2013
New York City

CMC fourth quarter net edged up. Shares of two gold loan companies dropped more than 9%. Reliance Industries said fourth quarter net profit surged 24% Power regulator approved Tata Power to lift power tariff in five states.

Gold's Plunge of 10% Drags Stocks on Merger Monday

Nichole Harper
15 Apr, 2013
New York City

Financial markets declined following losses in commodities after China reported slower than expected growth. Gold and silver plunged 10% and crude oil declined 3%. Dish Network made an unsolicited offer to buy Sprint. Thermo Fisher agreed to buy Life Technologies for $13.6 billion.

Multi-family Home Construction Surges, Gold Rebounds 2.5%

Nichole Harper
16 Apr, 2013
New York City

Market indexes in New York rebounded after housing starts surged 7% in March led by a 31% surge in multifamily construction. Gold rebounded 2.5% a day after plunging 9.4%, the single largest one day decline in 33 years.

U.S. Movers: Citigroup, Dish Network, M&T Bank, Charles Schwab

Mukesh Buch
15 Apr, 2013
New York City

Citigroup first quarter net soared 31% to $3.8 billion. Dish Network bid of $25.5 billion for Sprint Nextel. First Republic and M&T Bank first quarter net surged 11%. Thermo Fisher offers $13.6 billion for Life Technologies. Charles Schwab net climbed 6%.

Europe Movers: Betfair, EADS, Henkel, KT Corp, Ladbrokes, Saras

Nigel Thomas
15 Apr, 2013
New York City

Betfair ignored press speculation of CVC buy out offer. EADS buy back 1.56% stake from French state. Henkel said large acquisitions are not ruled out. KT Corp dropped bid for Vivendi

Nikkei Drops 1.6%, U.S. Urges to Refrain from Yen Devaluation

Hiruki Nakamura
15 Apr, 2013
New York City

Stocks in Tokyo declined after the U.S. plans to ask Japan to refrain from the measures to devalue the yen. The yen gained more than 1%. Exporters and machinery makers declined after China reported a slowdown in economic growth. Sharp plans to sell its stake in Pioneer Corp.

Weak Resource Stocks Lead Australian Indexes Lower, China Slowdown Weighs

Marcus Jacob
15 Apr, 2013
New York City

Resource sector stocks plunged after China reported a decline in economic growth and property and fixed-asset investment growth. Domestically, home loan growth increased for the first time in five months in February.

Broad Declines in European Markets On China Weakness

Nigel Thomas
15 Apr, 2013
New York City

Markets across the Europe fell sharply after China reported lower than expected economic growth, industrial output and fixed asset investments. Resource sector and market indexes in London, Paris and Frankfurt fell at least 1%.

India Movers: BHEL, DLF, Geojit, L&T, TCS, Technocraft

Mukesh Buch
15 Apr, 2013
New York City

BHEL said pre-tax profit for the fiscal year soared 92%. U.S. based Oppenheimer increased its stake in DLF to 5.18%. Geojit profit for the fiscal year surged more than three-fold. L&T acquired remaining 50% stake in L&T-Komatsu Japan. Technocraft agreed to acquire Canada based Swift.

Broad Market Declines in Europe, Cyprus Bailout Cost Jumps

Nigel Thomas
12 Apr, 2013
New York City

European markets traded lower with Germany leading the losers. The across the board sell-off was accelerated after Cyprus sought additional bailout and the worries of growing contagion to smaller nations in the euro zone.

U.S. Movers: Eli Lilly, JPMorgan, J B Hunt, LinkedIn, Shaw, Wells Fargo

Mukesh Buch
12 Apr, 2013
New York City

JPMorgan first quarter net surged 33% to $6.53 billion. LinkedIn agreed to buy news reader Pulse for $90 million. Shaw second quarter net gained 2% to $182 million. Wells Fargo second quarter net surged 23% to $4.93 billion.

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