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Iron Ore Extends 3-Year Decline

Marcus Jacob
18 Mar, 2015
New York City

Australian market indexes traded volatile and Aussie dollar lacked direction ahead of U.S. Fed statement. Iron ore prices extended three-year losses as four largest iron ore miners in the world continue to ramp up capacity.

India Movers: IDBI Bank, L&T, RPP Infra

Mukesh Buch
19 Mar, 2015
New York City

IDBI Bank completed the stake sale in Credit Analysis and Research to LIC. Larsen & Toubro won orders for ₹1,255 crore in March. RPP Infra secured an order worth ₹16.6 crore from Mangalore SEZ Ltd. Rajesh Exports acquires export order about ₹1,265 crore from UAE.

Nikkei Declines 0.4% on Yen Volatility

Hiruki Nakamura
19 Mar, 2015
New York City

Japan indexes gained and the yen traded near its low in the year as the U.S. Fed left forecasted low rates to continue in the near future. Mitusi & Co Ltd acquired a minority stake in Penske Truck Leasing Co from General Electric Capital Corp.

Australian Markets Soar 1.9%, Iron Ore Price at 6-Year Low

Marcus Jacob
19 Mar, 2015
New York City

Australian market indexes soared following Fed announcement. BHP, Rio and Fortescue were in focus after 5% drop in iron ore price to a six-year low. Myer Holdings declined to a new low after first-half profit declined 23%.

Arcos, Burlington Stores, DSW Soar; Macerich Rejects $14.4 B Offer

Mukesh Buch
17 Mar, 2015
New York City

Arcos Dorados net tumbled 69% on 13% decline in revenues. Burlington Stores profit surged 49%. DSW net jumped 8%. FactSet Research profit soared 18%. EU antitrust regulator extended deadline on Alstom acquisition. Macerich rejected $14.39 billion unsolicited offer.

Europe Movers: IG Group, Sainsbury, Just Eat, OneSavings, Orange

Nigel Thomas
17 Mar, 2015
New York City

IG Group third-quarter revenues declined 5% to

Aussie Dollar Weakens on RBA Minutes, Stocks Reboun

Marcus Jacob
17 Mar, 2015
New York City

Australian stocks rebounded on the back of resource sector and banks. Gold and crude oil declined in trading in Asia and in Australia. BHP Billiton said the South32 spinoff cost is likely to reach $738 million.

Blackstone Agreed to Acquire Willis Tower, Valeant Lifted Salix Offer

Mukesh Buch
16 Mar, 2015
New York City

Blackstone agreed to acquire Willis Tower, in Chicago for $1.3 billion. Life Time Fitness in a deal to go private for about $4 billion. Schulman agreed to buy for $800 million. Scripps Networks agreed to acquire 52.7% stake in Poland-based broadcaster TVN for $619 million.

Aviva Receives EC Approval, Holcim Rejects

Nigel Thomas
16 Mar, 2015
New York City

Antofagasta may close it Chile-based Los Pelambres project after a court ruling. Eni signed an agreement with Egypt to invest as much as $5 billion. Aviva received regulatory approval for Friends Life. Holcim rejected

Nikkei in Holding Pattern; Tokyu REIT, Shoei Food and Takashimaya in Focus

Hiruki Nakamura
16 Mar, 2015
New York City

Market indexes in Tokyo declined and the yen weakened ahead of the U.S. rate decision this week. The yen dropped to a new six-year low after the euro extended nine-month losses to 40%.

Sensex in India Eases, More Coal Mining Rights Awards

Mukesh Buch
18 Mar, 2015
New York City

Ambuja Cements won coal mining rights in Chhattisgarh. Madhucon Projects received new road project order worth ₹397 crore in Tamil Nadu. Wipro acquired a minority stake in Drivestream Inc. for $5 million.

Sensex Surges 1.1%, Rupee Slides

Mukesh Buch
17 Mar, 2015
New York City

Sensex in Mumbai traded higher and the rupee declined. Central and state government stepped up contract awards to accelerate urban renewal and infrastructure development. State Bank of India to conduct first online property auction and increase collection on bad debts.

Wholesale Prices in India Fall Again, Stocks Ease in Mumbai

Mukesh Buch
16 Mar, 2015
New York City

Wholesale price index in India declined for the second month in a row on weak commodities prices and improving food distribution. Inox Wind plans to raise $111 million through a stock sale to institutional investors. L&T won a contract for $10 million from Rail Vikas Nigam Ltd.

S&P 500 Index Set for Third Weekly Loss on Falling Oil and Surging Dollar

Nichole Harper
13 Mar, 2015
New York City

Stocks in New York traded sharply lower and crude oil extended losses after whole price index declined for the fourth month in a row. The sharp increase in dollar in the last two weeks is likely to dampen earnings of the U.S.-based export focused companies.

Ann, Ulta Salon, Vail Resorts Climb; Aeropostale, Zumiez Decline

Mukesh Buch
13 Mar, 2015
New York City

Aeropostale net loss narrowed after sales plunged 11%. Buckle profit rose 1%. Hibbett Sports net surged 18% on revenue increase of 10%. Ulta Salon net soared 24% and net sales climbed 21%. Vail Resorts net surged 95%. Zumiez profit tumbled 35% but sales climbed 14%.

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