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Australian Index Drops 1% on Weak China Industrial Production Data

Marcus Jacob
15 Sep, 2014
New York City

Australian market indexes traded lower after iron price remained weak and the China fuelled resource boom continued to weaken. Industrial production growth in Chia in August slowed. Australian dollar closed below 90 U.S. cents for the first time in six months.

Fortis Sells Singapore Diagnostics Unit

Mukesh Buch
15 Sep, 2014
New York City

Autoline sells its U.S. subsidiary for $9 million. Fortis Healthcare sells its Singapore-based diagnostics unit for S$137 million. RIL raised its stake in Reliance Jio to about 99%. RPP Infra won new order worth Rs 55.20 crore in Uttar Pradesh.

Yen Drops to a New Six-year Low

Hiruki Nakamura
12 Sep, 2014
New York City

Stock market in Japan looked to currency trading and the yen declined to new six-year low and traded above 107 against the U.S. dollar. For the week, the Nikkei increased 1.8%. Ateam, the online gambling site operator estimated higher annual revenues and earnings.

L&T, Bajaj and Gayatri Win Orders, Titan Selects Coimbatore for New Plant

Mukesh Buch
12 Sep, 2014
New York City

Bajaj Electricals won eight new orders totaling Rs 518 crore from Madhya Pradesh government. Gravita India won export order worth Rs 230 crore Gayatri Projects received Rs 159 crore order from NHAI. L&T secured an order worth Rs 1,885 crore from NTPC.

Weekly Loss of 0.6% in Australian Index

Marcus Jacob
12 Sep, 2014
New York City

Australian indexes closed lower on Friday and for the week dropped 0.6%. Weak iron ore price in Shanghai trading overshadowed domestic news. Pacific Brands annual sales rose nearly 4% but swung to a loss.

Alliance Data Systems Buys Conversant for $2.3 B, Ulta Soars

Mukesh Buch
12 Sep, 2014
New York City

Alliance Data Systems agreed to acquire Conversant for $2.3 billion. Darden Restaurants net swung to a loss $19.3 million. Ulta Salon profit surged 35% on 22% increase in sales. Rewalk Robotics surged on first day of trading. Value Line net climbed 42%.

Aveva Tumbles on Outlook, Porsche Buys 10% Stake in Inrix

Nigel Thomas
12 Sep, 2014
New York City

Aveva Group tumbled after revenue outlook. Accsys surged after arbitration tribunal rulings. Boohoo.Com said revenue in the first-half to surge 31%. J D Wetherspoon declined 11% to

U.S. Stocks Fall on Political Tensions in Europe, Oil in 4-day Slide

Nichole Harper
11 Sep, 2014
New York City

Stocks on Wall Street eased after geopolitical tensions in Europe remained high. Crude oil fell for the fourth day after the IEA lowered its global demand outlook. The U.K. pound trended lower on the rising prospects of Scotland leaving the union. EU slaps more financial sanctions on Russia.

Lululemon Soar, RadioShack Struggles to Avert Bankruptcy

Mukesh Buch
11 Sep, 2014
New York City

Brady Corp plunged despite quarterly net loss narrowed. Five Below net doubled after sales soared. Kroger profit climbed 9% on 12% increase in sales. Lululemon lifted annual outlook. Mens Wearhouse net plunged 71%. RadioShack net loss widened and arranges debt financing.

Next Profit Surges; Ashmore, Gazprom, Morrison Profit Plunge

Nigel Thomas
11 Sep, 2014
New York City

Ashmore pre-tax profit tumbled 35% to

Yen and Topix at Six-year Peaks

Hiruki Nakamura
11 Sep, 2014
New York City

Stocks in Tokyo closed higher and Topix index advanced to a new six-year high after the yen dropped to a new low against the dollar in the period. Aeon REIT said annual revenues and net income soared. Oki Electric soared on the revised earnings outlook.

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