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EXOR Offers $6.4 B for PartnerRe, Draghi Sounds Stimulus Optimism

Nigel Thomas
15 Apr, 2015
New York City

The ECB left rates on hold and Draghi said stimulus is working. ASML profit surged 32% on 11% increase in revenues. EXOR offered to acquire PartnerRe Ltd for $6.4 billion. Burberry said revenues in the second-half soared 10%. JD Sports net jumped 30% and revenues climbed 25%.

Australian Indexes Turn Lower on Weaker Banks, iron Ore Price Rebounds

Marcus Jacob
15 Apr, 2015
New York City

Australian market indexes closed lower after banks led the decliners in Sydney. Resource stocks traded higher following an upswing in iron ore price. Freelancer Ltd soared 9% after the online marketplace operator reported record first-quarter revenue.

Fifth Monthly Decline in Wholesale Prices in India

Mukesh Buch
15 Apr, 2015
New York City

Wholesale prices in India declined for the fifth month in a row in March on lower food prices and weakening global oil prices. ACC net in the first-quarter plunged 41%.

Weaker Increase in U.S. Retail Sales; JP Morgan, Wells Fargo Beat Estimates

Nichole Harper
14 Apr, 2015
New York City

Stocks traded higher after JP Morgan reported better-than-expected earnings and crude oil advanced. Seasonally adjusted retail sales in March 0.9% and wholesale price index rose 0.2% in the month.

J&J, Wells Fargo Profit Decline; JPMorgan Net Jumps

Mukesh Buch
14 Apr, 2015
New York City

Fastenal net soared 14% on 9% increase in revenues. Johnson & Johnson profit plunged 9% on 4% decline in revenues. JPMorgan Chase net surged 12% and plans to increase quarterly dividend. Pep Boys net loss widened. Wells Fargo revenues and profit each declined 3%.

Nokia in Talk with Alcatel, Fraport March Traffic Jumps

Nigel Thomas
14 Apr, 2015
New York City

Alcatel Lucent surged on merger talks with Nokia. British Land acquired London-based property from Malaysian state pension fund for

Renewed Iron Ore Price Worries in Australia

Marcus Jacob
14 Apr, 2015
New York City

Australian Treasurer Joe Hockey said national finances may be affected if iron ore prices continue decline. The price of the iron ore has plunged 60% in the last one year as the four largest mining companies continue to increase supply and China engineers a slowdown.

Investors in Japan Await Corporate Earnings, Aderans, Kohnan Shoji in Focus

Hiruki Nakamura
14 Apr, 2015
New York City

In Tokyo, stocks lacked direction and investors awaited fiscal year outlook and latest year earnings from corporate Japan. Aderans Co Ltd said fiscal year revenues rose 13%. Kohnan Shoji, home improvement retailer reported flat sales.

Earnings Worries and Global Currents Deepen Gloom on Wall Street

Nichole Harper
13 Apr, 2015
New York City

Market indexes opened higher but quickly began descending. Market sentiment was weak on the unexpected shrinkage in China trade, ongoing worries in the euro zone and lack of confidence in the lowered earnings outlook in the U.S.

Builders FirstSource, Blackstone Mortgage, JetBlue Soar; Fossil Drops

Mukesh Buch
13 Apr, 2015
New York City

Builders FirstSource agreed to acquire its rival ProBuild for $1.63 billion. Blackstone Mortgage Trust plans to sell public offering of 17.5 million shares. Commerce Bancshares net declined 9%. Fossil dropped. JetBlue traffic in March climbed 9.2%.

Dassault Aviation Wins $20 Billion Order from India

Nigel Thomas
13 Apr, 2015
New York City

Dassault Aviation secured an order to supply 36 Rafale aircraft to India. Henkel fell on weak outlook for the year. Orad Hi Tec Systems agreed to buy the U.S.-based Avid Technology for

Nikkei in Tokyo Struggles on Weak Core Machinery Orders

Hiruki Nakamura
13 Apr, 2015
New York City

Stocks in Tokyo edged lower after domestic core machinery orders in February declined and China reported worst trade data in nearly a year. Genky Stores, drug retailer, said nine-month net income doubled.

China Trade Contraction Drags Australian Indexes Lower

Marcus Jacob
13 Apr, 2015
New York City

Australian stocks turned lower after China said exports and imports contracted. Rising yuan played a role in the sharply lower trade data. Mesoblast soared 24% after the U.S. based Celegen agreed to acquire a 4.5% stake in biopharmaceutical developer.

Sensex in India Jumps 0.6%, CPI in India Slows to 5.17%

Mukesh Buch
13 Apr, 2015
New York City

Consumer price index increase in March slowed to 5.17%. Info Edge to invest in Zomato, restaurant review website operator. L&T signed an agreement with France-based Areva and build a nuclear power plant in Maharashtra. LIC plans to increase its stake in NMDC to 12%.

Stocks on Wall Street Advance Led by 7% Jump in GE

Nichole Harper
10 Apr, 2015
New York City

Stocks powered ahead on Wall Street and banks are scheduled to release earnings next week. General Electric announced to sell its GE Finance unit and return to shareholders as much as $90 billion by 20108. Asian markets continued to climb higher as indexes in China, India and Japan extend gains.

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