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Tata Consultancy Net Up 8%, and Reliance Industries Net Rises 11%

Mukesh Buch
17 Apr, 2015
New York City

Tata Consultancy, the largest India-based software services provider said quarterly net rose 8%. Reliance Industries reported quarterly income increased 11% but weak crude oil price dragged revenues down 35%. CRISIL said net in the quarter declined 18%. LIC increased its stake in Hindalco.

U.S. Stocks Struggle to Advance, Banks Report Rising Profits

Nichole Harper
16 Apr, 2015
New York City

Stocks struggled on Wall Street and banks reported higher than expected earnings. Goldman Sachs earnings soared offering another sign of the rebounding profits on Wall Street. German bond yields dropped closer to zero.

Citigroup, Goldman Sachs, UnitedHealth Profit Climb, Netflix Surges 16%

Mukesh Buch
16 Apr, 2015
New York City

Blackstone net more than doubled. Citigroup profit climbed 23% but revenues dropped 3%. Goldman Sachs net soared 41% on 14% increase in revenues. Netflix net tumbled 55% but revenues jumped 24%. UnitedHealth revenues and net surged 13%.

European Markets Trend Lower, Unilever Revenues Soars 12%

Nigel Thomas
16 Apr, 2015
New York City

Debenhams pre-tax profit jumped 4% to

German Bond Yields Near Zero, Greek 10-Year Bond Yield at Record 27%

Nigel Thomas
16 Apr, 2015
New York City

German government bond yield dropped near zero a day after the European Central Bank reaffirmed its commitment to bond-purchase program and print vast amount of new money. Greek bond yields jumped to new high as debt negotiations drag on.

Energy Stocks Rebound in Japan, Restructuring Hopes at Sharp

Hiruki Nakamura
16 Apr, 2015
New York City

Japanese stocks traded lower and the food industry index fell after leading all other industries in the year with a surge of 18%. Energy stocks led the gainers in the session after crude oil price jumped to a new 2015-high. Sharp Corp soared on the hopes of restructuring.

Australian Jobless Rate Falls, Fortescue Q3 Production Rises 19%

Mukesh Buch
16 Apr, 2015
New York City

Australian market indexes rebounded after a decline in jobless rate and a slight rise in motor vehicle sales. The recent one-week-long rise in crude oil prices lifted energy stocks. Fortescue Metals, the third largest iron ore miner in Australia, reported 9% decline in cash cost to $25.90 a ton.

India: TCS Sales Flat, Tata Motors March Sales Up 9%

Sarla Buch
16 Apr, 2015
New York City

Stocks in Mumbai traded lower ahead of earnings announcements. Gammon secured two new projects. IndusInd Bank said net in the fourth-quarter jumped 25%. Tata Steel production fell 1%. TCS, the flagship company of Tata Group reported flat quarterly sales. Tata Motors March global sales rise 9%.

U.S. Stocks, Oil Advance; EU Files Antitrust Charges Against Google

Nichole Harper
15 Apr, 2015
New York City

Market indexes on Wall Street traded higher and Bank of America reported profit in the first-quarter of 2015. European Union alleged Google with anti-competitive practice of directing traffic to its own shopping services ahead of rivals.

Bank of America Net Swings to Profit, Delta Air Lines Net Soars

Mukesh Buch
15 Apr, 2015
New York City

Bank of America net swung to profit but revenues declined 6%. CSX net climbed 11% on flat revenues. Delta Air Lines net soared more than two-fold. Intel net rose 3% after flat revenues. PNC Financial net declined 6%. U.S. Bancorp profit rose 3%.

Nikkei in Japan Flat, China Growth Slows to 7%

Hiruki Nakamura
15 Apr, 2015
New York City

Market indexes in Japan closed nearly flat after the recent run up in anticipation of higher earnings driven by weaker yen. Drug makers led the decliners. Chip equipment makers dropped after Intel lowered its capital spending plan in the current year.

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.

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