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Australian Jobless Rate at 12-year High, Stocks Decline

Marcus Jacob
11 Dec, 2014
New York City

Australian unemployment rate increased to a 12-year high as the job creation slows down and energy companies curtail investments. Santos Limited plunged 8% after the natural gas explorer announced 25% cut in 2015 exploration budget, following other energy companies.

M&M to Buy a Stake in Saab, ONGC Wins Oil Rights in New Zealand

Mukesh Buch
11 Dec, 2014
New York City

Government approved to close down EIL unit in Malaysia. M&M agreed to acquire a stake in Sweden-based Saab. NTPC signed two term loan agreements worth Rs 3,000 crore. ONGC won an offshore oil and gas exploration block in New Zealand.

Oil Drops 4% on 2015 Demand Outlook from OPEC, World Markets Slide

Nichole Harper
10 Dec, 2014
New York City

Stocks in New York and in Europe extended two-day losses after crude oil deepened losses on a weak outlook from the OPEC. The 12-member organization estimated world demand for its oil to drop to a 12-year low in 2015.

Belden to Acquire Tripwire; Costco, Toll Brothers Profit Surge

Mukesh Buch
10 Dec, 2014
New York City

Belden agreed to acquire Portland-based privately-held Tripwire for $710 million. Costco net soared 17% on 7% increase in revenues. Comverse net tumbled 96%. Ferrellgas net loss widened. Krispy Kreme profit climbed 19%. Korn-Ferry net soared 35.1%. Toll Brothers net surged 39%.

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Nigel Thomas
10 Dec, 2014
New York City

Ashtead Group profit surged 27% to

Nikkei Halts Market Rally with 2.2% Plunge

Hiruki Nakamura
10 Dec, 2014
New York City

Market averages in Tokyo plunged 2.2% after investors reacted to the growing political turmoil in the euro zone. Greece is likely to delay its exit from the bailout and may not meet the terms set by the troika of international lenders. Skymark and ANA may enter into a code share alliance.

Australian Home Loans Rises 0.3%, Banks Lead Indexes Lower on Greek Turmoil

Marcus Jacob
10 Dec, 2014
New York City

Australian market indexes opened lower on a weakness in banks and resource sector after Greek political turmoil lowered market indexes in Europe. Seasonally adjusted new home loans in Australia increased 0.3% to nearly 52,000 in October.

RCapital Sell Stake in Yatra.com, Cipla Sells Stake in Jiangsu

Mukesh Buch
10 Dec, 2014
New York City

BHEL plans to set up a solar photo-voltaic unit in Maharashtra. Cipla sold 48% stake in Jiangsu and RCapital sold 16% stake in Yatra.com. Tata Power acquired Ideal Energy Projects in Maharashtra. RIL and Chinese firm are in a textile joint venture.

U.S. and European Markets Drop on Political Crisis in Greece

Nichole Harper
09 Dec, 2014
New York City

Market indexes on Wall Street and in Europe fell more than 1% after Greek political crisis plunged Athens benchmark index more than 13%. In addition, China tightened lending restrictions and held out for slower growth in the second largest economy in the world.

AutoZone, Burlington Stores Climb; Conn's, H & R Block, Verizon Decline

Mukesh Buch
09 Dec, 2014
New York City

AutoZone net jumped 3% on 8% increase in revenues. Argan net increased 4%. Burlington Stores and H & R Block net loss widened. Conn''''s net swung to a loss. Verizon declined despite positive outlook.

Perceptions of Weaker Yen and Oil Hover Tokyo Stock Market

Hiruki Nakamura
09 Dec, 2014
New York City

Nikkei and Topix indexes closed lower after analysts held out for weaker yen in the next six months. Oil futures declined to a five-year low and metals trended lower after speculators exit the market. Token Corporation, the construction company reported first-half results in line with expectations.

Australian Markets Drop on Oil and Iron Ore Weakness

Marcus Jacob
09 Dec, 2014
New York City

Australian market indexes plunged following a sharp decline in oil and gold prices. Australia

ASOS Sales Jumps 8%, Tesco Plunges on Profit Alert

Nigel Thomas
09 Dec, 2014
New York City

ASOS total group revenues climbed 8% to

India Approves Sun Pharma and Ranbaxy Merger

Mukesh Buch
09 Dec, 2014
New York City

HCL won a customer service software contract from the U.S.-based Washington Gas. IOCL plans to set up LNG terminal in Tamil Nadu. ITC plans to invest Rs 1,000 crore into dairy and juice business. Sun Pharma received approval from the antitrust regulator to acquire.

Oil at 5-year Low on Merger Monday, Weak European Markets

Nichole Harper
08 Dec, 2014
New York City

Market indexes on Wall Street traded lower and crude oil futures declined nearly 4% to a five-year low. China reported record trade surplus in November partly on the cheaper oil and commodities imports and buyers delay oil purchase on the prospect of weaker oil.

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