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Nikkei in Tokyo Declines 0.9% in Asia-wide Selloff

Hiruki Nakamura
09 Mar, 2015
New York City

Stocks in Tokyo fell and market indexes closed down and the yen traded above 121-mark against the U.S. dollar. The Asia-wide selloff was sparked after the latest U.S. jobs report suggested improving employment conditions and may lead the Federal Reserve to lift interest rates sooner than expected.

Property Stocks and Aussie Dollar Fall on Market Selloff in Australia

Marcus Jacob
09 Mar, 2015
New York City

Australian market indexes dropped 1.3% following Asia-wide decline. Investors sold stocks following a market selloff in New York on the growing speculation that the U.S. Fed will lift rates from near zero sooner than expected. Tabcorp completed its $236 million public offering.

Sensex in India Falls 2%

Mukesh Buch
09 Mar, 2015
New York City

Markets in India tracked lower indexes in Asia following the growing worries that the U.S. Federal Reserve may lift rates sooner than expected. Ambuja, Hindalco, Jaypree and Jindal Steel won coal mining rights. DLF announced a plan to restructure debt-laden ₹15,000 crore projects.

Broad Decline in U.S. Indexes on Jobs Report and Weakening Euro

Nichole Harper
06 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after the latest jobs report fueled the sooner than expected increase in interest rate. In addition, the weakening euro also dampened the outlook for earnings growth at multinational companies.

Big Lots, Cooper, Foot Locker, Fresh Market Climb; Staples Falls

Mukesh Buch
06 Mar, 2015
New York City

Buckle comparable store sales in February fell 3%. Big Lots net jumped 6%. Cooper net plunged 15%. Foot Locker net surged 21%. Fresh Market jumped more than ten-fold on 13% increase in revenues. Gap comparable store sales dropped 4%. Staples net climbed 23%.

Continental Net Climbs, Fosun Acquires 5% Stake in Thomas Cook

Nigel Thomas
06 Mar, 2015
New York City

Continental net surged 24% to

Nikkei Extends Weekly Gains after ECB Annoucement

Hiruki Nakamura
06 Mar, 2015
New York City

Market indexes in Japan extended gains for the second day and the yen eased after the ECB lifted inflation and growth estimates. For the week, the Nikkei index gained 0.9% and the yen traded above 120 mark.

Resource Stocks Lead Australian Index Weakness

Marcus Jacob
06 Mar, 2015
New York City

Australian market indexes traded lower and for the week declined 0.5% after China lowered its growth estimate and iron ore prices continued to drift lower. Six smaller resource companies in the ASX 200 index will be replaced by retail, healthcare and travel management companies.

U.S. and World Markets Lack Direction, Euro at 11-Year Low

Nichole Harper
05 Mar, 2015
New York City

Stocks lacked direction in New York and the dollar edged higher. ECB President Draghi offered sovereign bond purchase plan details and also lifted growth and inflation targets. Crude oil and gold eased.

AbbVie in $21 B Deal with Pharmacyclics, Citi Sells Akbank Stake at a Loss

Mukesh Buch
05 Mar, 2015
New York City

AbbVie agreed to acquire Pharmacyclics for $21 billion. Citigroup divested its 10% stake in Turkey-based Akbank TAS for $1.2 billion at a loss. Costco net surged 29%. Ciena and H & R Block net loss narrowed. Kroger profit rose 2%.

ECB Lifts Growth and Inflation Outlook, Carrefour Steps Up Investment Plan

Nigel Thomas
05 Mar, 2015
New York City

European Central Bank estimated higher and accelerating growths well into 2017 and said inflation target is within reach. adidas yearly net tumbled 38% to

BoJ ETF Purchase Supports Nikkei Reversal, Pharma Stocks in Focus

Hiruki Nakamura
05 Mar, 2015
New York City

Stocks in Tokyo advanced after retreating for two days in a row and the Bank of Japan stepped up purchase of ETFs for the first time in three weeks. Pharmaceutical stocks were in focus for the second day on above average dividend yield.

Australian Trade Deficit Surges and Retail Sales Growth Accelerates

Marcus Jacob
05 Mar, 2015
New York City

Australian trade deficit in January surged on weak commodities prices and retail sales in the month accelerated to 0.4% increase. Fortescue announced a plan to refinance debt and extend bank loans. Woodside won a regulatory approval to acquire Western Australia energy assets.

India Stocks Extend Gains, Pipavav Plunges on Reliance Stake Purchase

Mukesh Buch
05 Mar, 2015
New York City

Adani Power and JSW Steel won coal mining rights in Jharkhand. Crompton Greaves received three orders from Energy Efficiency Services. KEC International won orders worth ₹1,243 crore. RInfra plans to buy 18% stake at ₹819 crore in Pipavav Defence.

U.S. Stocks Extend Losses, Weak Auto Sales Growth in February

Nichole Harper
04 Mar, 2015
New York City

Market indexes declined for the second day in a row and February auto sales increased less than expected. GM, Chrysler and Nissan reported rising sales but Ford sales declined.

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