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Adani Acquires Korba West, Indiabulls to Buy Voltas Land in Mumbai

Marcus Jacob
24 Nov, 2014
New York City

Adani Power to acquired Korba West Power for Rs 4,200 crore. Astral Poly Tech acquired 76% stake in Resinova. Indiabulls emerged as the highest bidder for land parcel of Voltas for Rs 236 crore or $40 million. Patel Engineering quarterly net fell 67%.

U.S. and Europe Markets Advance on China Rate Cut and ECB Inflation Stance

Nichole Harper
21 Nov, 2014
New York City

Markets in Europe and New York advanced after China unexpectedly cut interest rates and the European Central Bank President Mario Draghi hinted of new measures to accelerate inflation at a faster pace.

Ross Stores and Foot Locker Sales Rise, Gap Sales Flat

Mukesh Buch
21 Nov, 2014
New York City

Ann net plunged 27%. Autodesk net tumbled 81% but revenues soared 11%. Blackstone agreed to acquire Japan-based residential assets from GE for $1.6 billion. Foot Locker profit surged 15%. Gap net jumped 4%. Intuit net loss widened while revenues climbed 8%.

Rolls-Royce Wins

Nigel Thomas
21 Nov, 2014
New York City

Carrefour received French regulatory approval to acquire more than 800 Dia France stores. Dee Valley profit surged 20% on 4% increase in revenues. Ophir agreed to acquire Salamander Energy. Rolls-Royce won order worth

Japan Heads of Early Elections in December as Economy Struggles

Hiruki Nakamura
21 Nov, 2014
New York City

Prime Minister Shinzo Abe dissolved Japanese parliament and set early snap election for the lower house in December. Finance Minister Taro Aso said the decline in yen this week had been too quick. The yen closed at the weakest level since August 2007.

Australian Indexes Extend Weekly Loss to 2.7% on Weak Iron Ore Prices

Marcus Jacob
21 Nov, 2014
New York City

Australian market indexes extended weekly drop to 2.7% after the iron ore price dropped below $71 a ton. Australian dollar struggled but energy companies advanced after the crude oil futures gained more than 1%.

Kotak Mahindra to Acquire ING Vysya for $2.5 B

Mukesh Buch
21 Nov, 2014
New York City

JM Financial received an investment of Rs 540 crore. Kotak Mahindra agreed to acquire ING Vysya for $2.5 billion. L&T and Japan-based Sojitz won railway electrification contract worth Rs 2,633 crore. Tech Mahindra acquire U.S.-based LCC for $240 million.

Indexes on Wall Street Advance on Home Sales and Jobless Claims Data

Nichole Harper
20 Nov, 2014
New York City

Market indexes on Wall Street recovered from early doldrums after investors shifted focus from Europe and China to U.S. economic data. Initial claims of jobless stayed below 300,000 for the tenth week in a row. Sale of existing homes increased 1.5% in October.

Best Buy, Dollar Tree Soar; Donaldson, Salesforce Drop

Mukesh Buch
20 Nov, 2014
New York City

Buckle reported net flat. Best Buy net nearly double on 2.2% increase in comparable sales. Brady net plunged 43%. Cyberonics net climbed 25% on 5% increase in revenues. Dollar Tree profit rose 6%. Donaldson net climbed 9%. L Brands profit surged 42%. Salesforce net loss narrowed.

Technip Offers

Nigel Thomas
20 Nov, 2014
New York City

Babcock Intl net surged 25% to

Australian Dollar Weakenes on Lower Iron Ore Prices

Marcus Jacob
20 Nov, 2014
New York City

Australian market indexes declined on the persistent weakness in the iron ore price. Commodities and base metals fell dragging lower the smaller mining companies. Australian dollar weakened to 85.91 U.S. cents.

Kotak Mahindra Net Climbs 23%, IL&FS Wins Two Contracts

Mukesh Buch
20 Nov, 2014
New York City

Alok Industries sold a land parcel for Rs 2,000 crore and use proceeds to reduce debt. IL&FS won two contracts worth Rs 239.6 crore from Paschimanchal Vidhyut Vitran Nigam. Kotak Mahindra quarterly net soared 23%. NTPC plans to set up 2,400 megawatt thermal power plant in Odisha.

U.S. Fed Remains Optimistic Of Domestic Economic Expansion

Nichole Harper
19 Nov, 2014
New York City

Market indexes on Wall Street traded sideways after the Fed released latest minute of meeting. Majority of Fed policy makers held positive view on the steady economic expansion and felt that the current weakness in the international economies will have limited impact on the domestic growth outlook.

Japan Struggles to Revive Aggregate Demand

Hiruki Nakamura
19 Nov, 2014
New York City

Stocks in Japan and the Nikkei and Topix index advanced and the yen edged lower. Investors pinned hope on the new round of economic stimulus but the Bank of Japan and government struggle to increase aggregate domestic demand.

Decline in Iron Ore and Oil Prices Dragged Australian Stocks Lower

Marcus Jacob
19 Nov, 2014
New York City

Australian market indexes accelerated decline in the afternoon and smaller resource companies led the losers. The Aussie dollar traded down however a private survey indicated positive outlook on the economic growth.

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