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Citigroup Net Drops on Legal Charges, Bank of America Net Plunges

Mukesh Buch
15 Jan, 2015
New York City

Bank of America net plunged 14% on 11% decline in revenues. BlackRock net fell 3% on flat revenues. Citigroup net tumbled 86% on legal expenses and repositioning charges of $3.5 billion. Fastenal net surged 19%. Lennar net jumped 50%.

Swiss Stocks Collapse 11%, European Markets Rise on SNB Action

Nigel Thomas
15 Jan, 2015
New York City

Associated British Foods sales rose 3% and sales at Primark surged 15%. Lavendon said yearly sales climbed 6%. Tullow Oil estimated annual revenues of $2.2 billion. Richemont sales in the third-quarter jumped 4% to

Axis Bank, Dewan Housing, INOX Net Climb; Bajaj Holdings Net Falls

Mukesh Buch
16 Jan, 2015
New York City

Sensex in India extended rally to the second day after RBI lowered rate for the first time in nine months. Axis Bank profit surged 18% on 17% increase in revenues. Bajaj Holdings net fell 4%. Dewan Housing Fin net rose 15%. INOX net soared 83%.

Swiss Franc Surges Stunning 41% After SNB Abandons Euro Peg

Manish Shah
15 Jan, 2015
New York City

Swiss National Bank in a move that was designed to surprise markets abandoned its three-year old peg to the euro. The expensive franc peg to euro was about to become even more costly as the European Central Bank prepares its bond buying program and weaken currency more.

Nikkei Soars 1.9%, Whoelsale Prices Decline in Japan Accelerates

Hiruki Nakamura
15 Jan, 2015
New York City

Market indexes in Tokyo soared more than 1.4% after the yen fell from its strongest level in the year. Tire and rubber makers soared on the expectations of earnings boost from the sharp fall in oil price below $50 a barrel. Producer price index decline accelerated in December.

Australian Jobless Rate Drops to 6.1%, Stocks Face Headwinds

Marcus Jacob
15 Jan, 2015
New York City

Australian market indexes after a weak opening managed to trim losses after December jobless rate fell to 6.1%. Weak copper, iron ore and crude price continue to pressure resource sector jobs and investment plans.

India Lowers Rate to 7.75%, Sensex Soars 2.7%

Mukesh Buch
15 Jan, 2015
New York City

Bajaj Auto profit fell 5%. Bajaj Finserv net climbed 24%. BHEL secured a contract worth Rs 1,202 crore from Karnataka. Federal Bank net jumped 15%. NIIT profit declined 9%. Network 18 Media net swung to profit.

S&P 500 Falls 1% on December Retail Sales Decline of 0.9%

Nichole Harper
14 Jan, 2015
New York City

Three widely followed market indexes in Wall Street declined more than 1% after December retail sales declined more than expected 0.9%. Retail sales in November and October were trimmed as well. Copper price fell 4.5% to a five-year low. JPMorgan net declined.

JPMorgan Net Declines, Mohawk to Acquire IVC Group for $1.2 B

Mukesh Buch
14 Jan, 2015
New York City

CSX net soared 15%. JPMorgan net declined 12%. Mohawk Ind agreed to acquire Belgium-based IVC Group for about $1.2 billion. Progress Software net dropped 4%. Wells Fargo net edged up 2%. Worthington agreed to acquire the business of Rome Strip Steel.

Nikkei in 2-day Losses and Yen at 4-week High on Weakening Commodities Prices

Hiruki Nakamura
14 Jan, 2015
New York City

Nikkei index extended two-day losses over 2.5% and the yen gained to a four-week. Crude oil, iron ore and copper prices continued the decline in international markets. Aderans Co said nine-month sales soared 15.9%.

Weak Iron Ore and Oil Prices Drag Australian Indexes Lower

Marcus Jacob
14 Jan, 2015
New York City

Australian market indexes closed down after iron ore price declined below $69 a ton and crude oil price fell to a six-year low in international markets. Chandler Macleod Group received a takeover proposal from Japan-based Recruit Holdings at 82% premium.

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