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Nikkei Drop of 2.7% Leads Asian Markets Fall

Hiruki Nakamura
18 Mar, 2013
New York City

The Nikkei index in Tokyo led the Asia-wide decline after the latest proposal to levy tax on bank depositors in Cyprus as a part of the bank bailout spooked investors. The yen gained but traded above the 94 level. Water Direct soared 150% after it opened for initial public offering.

Australian and Asian Markets Plunge on Euro Zone Worries

Marcus Jacob
18 Mar, 2013
New York City

Markets in Australia and in Asia fell sharply on the worries that euro zone debt troubles are far from over. The latest proposal to impose a tax on bank depositors set off worries of a bank run in other troubled nations and knocked off commodities prices.

India Movers: Ashok Leyland, Coal India, L&T, Thomas Cook, Wipro

Mukesh Buch
18 Mar, 2013
New York City

Ashok Leyland sold stake in IndusInd Bank controlled by Hinduja group. Indian government plans to sell 10% stake in Coal India. L&T plans to divest up to 20% stake in infrastructure unit to raise $500 million. Thomas Cook won an approval for secondary offering.

U.S. Movers: Aeropostale, Carnival, Hibbett Sports, Nortek, Ulta Salon

Mukesh Buch
15 Mar, 2013
New York City

Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.

Fed Rejects Goldman, JPMorgan Capital Plans; Gasoline Fuels CPI Increase

Nichole Harper
15 Mar, 2013
New York City

U.S. stocks were under pressure after Federal Reserve asked JPMorgan and Goldman Sachs to resubmit their capital plans and rejected the plan by BB&T Corp and Ally Financial to return capital to shareholders.

Europe Movers: Ingenico, Rentokil, Safran, Vivendi, Volkswagen

Nigel Thomas
15 Mar, 2013
New York City

Bwin.party said total loss for the year narrowed to

Kuroda Confirmation Lifts Nikkei 1.5%, Sony Surges 11%

Hiruki Nakamura
15 Mar, 2013
New York City

Japanese lawmakers confirmed the leadership change at the Bank of Japan. Central Bank is scheduled to begin its two-day meeting on April 3. Nikkei jumped 1.5% and banks and shipping companies led the gainers.

Australian Markets Rebound

Marcus Jacob
15 Mar, 2013
New York City

Australian stocks rebounded following the sustained gains in New York. Market indexes opened higher and built more gains after miners and banks participated in the rally.

India Movers: Corporation Bank, Dredging, HPCL, NALCO, Punj Lloyd

Mukesh Buch
15 Mar, 2013
New York City

Corporation Bank shareholders approved preferential share allotment to government. Dredging opened its public issue of tax-free bonds to raise $90 million. HPCL plans to set up petrochemical complex in Rajasthan. Nalco public offer fully subscribed.

U.S. Movers: Global Partners, Hot Topic, Buckle, Men

Mukesh Buch
14 Mar, 2013
New York City

Global Partners fourth quarter net surged 126% and Hot Topic net jumped 35%. Buckle fourth quarter net climbed 9% to $61.4 million and Men

Jobless Claims Fall, S&P 500 Index Inches Near Record High

Nichole Harper
14 Mar, 2013
New York City

Stocks in New York traded higher after weekly jobless claims declined for the second week in a row and wholesale prices fell and current account deficit shrank unexpectedly in February. S&P 500 index inched closer to all-time closing high.

Europe Movers: Generali, Aggreko, Lufthansa, Ocado, Wm Morrison

Nigel Thomas
14 Mar, 2013
New York City

Generali said profit for the year plunged 68.2% to

European Markets Advance on Summit, Switzerland Reaffirms Cap Commitment

Nigel Thomas
14 Mar, 2013
New York City

European markets advanced as leaders meet for a two day summit and finance ministers are set to begin meeting tomorrow. Swiss central bank reaffirmed its commitment to defend cap with the euro and left its growth estimate for the current year unrevised.

Nikkei Surges 1.2%, Lower House Approves Kuroda

Hiruki Nakamura
14 Mar, 2013
New York City

Stocks in Tokyo advanced after the lower house of Parliament approved the three nominees to lead the Bank of Japan. Foreign investors added Japanese stocks at the fastest pace last week since the record keeping began in 2005. Kubota gained after the company cited higher sales on weaker yen.

India Movers: Dish TV India, BGR, Nalco

Mukesh Buch
14 Mar, 2013
New York City

Allahabad Bank lowered interest rate by 5 basis points. BGR Energy pulled out from NTPC power equipment supply contract. Infosys wins five-year contact from BMW Group. Government plans to sell 5% stake of Nalco on Friday.

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