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Australian Index at a 7-Year High Ahead of Rate Decision

Marcus Jacob
02 Mar, 2015
New York City

Australian market index traded at a 7-year high ahead of rate decision tomorrow. Over the weekend, China lowered its reference rate and India proposed to increase infrastructure spending in next fiscal year. Myer Holdings forced out chief executive and finance officers.

Budget in India Takes Incremental Approach, Auto Sales Rise

Mukesh Buch
02 Mar, 2015
New York City

Stocks in Mumbai extended gains and auto makers report rising sales. Ashok Leyland said total auto sales in February soared 36%. Maruti Suzuki India sales rose 9%.

U.S. Economic Growth Estimate Lowered, Stocks Struggle

Nichole Harper
27 Feb, 2015
New York City

U.S. stocks struggled to advance after economic growth in the final quarter was revised down to 2.2% from the previous estimate of 2.6%. For all of 2014, economic expansion accelerated to 2.4% from 2.2% in 2013. J.C. Penney plunged 6% on weaker outlook.

Icahn and J C Penney Net Swing to Loss; Ross Stores Jumps

Mukesh Buch
27 Feb, 2015
New York City

Autodesk net tumbled 79% but revenues soared 13%. Barnes & Noble plans to spin off the college bookstore division. CST Brands net surged 177% while revenues declined 11%. Icahn Enterprises and J C Penney net swung to a loss. KBR net loss widened. Ross Stores profit climbed 14%.

Airbus, BASF, IAG Profit Climb; Lloyds Net Swings to Profit

Nigel Thomas
27 Feb, 2015
New York City

Airbus profit soared 59% to

Weakness in Auto Production and Housing Starts Persist in Japan

Hiruki Nakamura
27 Feb, 2015
New York City

Nikkei in Japan extended to another 15-year high as investors digested several economic reports. Auto production declined for the seventh month in a row and housing starts fell for the eleventh month. Also, the latest measure of inflation showed a decline and jobless rate was unchanged.

Stock Trading Volume Soars in Sydney, Woolworths Plunges 10%

Marcus Jacob
27 Feb, 2015
New York City

In active trading, market indexes in Sydney rebounded and the Aussie dollar traded near 78 U.S. cents. Cabcharge first-half revenues declined 2.1% and net fell 13%. Graincorp estimated lower operating and net income in fiscal 2015. Woolworths first-half net declined 3.8%.

Nippon Acquires 9% Stake in RCAM, SBI Prepares for Offering

Mukesh Buch
27 Feb, 2015
New York City

NTPC started Unit-III of 500 megawatt power project in Tamil Nadu. Sadbhav Engineering won the highway expansion in Haryana. Nippon Life Insurance acquired 9% stake in subsidiary of Reliance Capital.

U.S. Jobles Claims Rise, Durable Goods Orders Fall in January

Nichole Harper
26 Feb, 2015
New York City

Market indexes on Wall Street traded higher and weekly jobless claims soared in the last week. Durable goods orders in January increased 2.8% after two monthly declines in a row.

AES, Avago, Salesforce Climb; Salesforce and Sears Net Loss Narrow

Mukesh Buch
26 Feb, 2015
New York City

AES net swung to profit after revenues climbed 9%. Avago revenues and net surged and agreed to acquire Emulex for $609 million. Chico''s and Harsco net loss widened. HP is in talks to buy Aruba Networks. Kohl''s net soared 10%. Salesforce and Sears net loss narrowed.

Bayer, Deutsche Telekom, Thales Net Surge; RBS Net Loss Narrows

Nigel Thomas
26 Feb, 2015
New York City

Ahold net tumbled 77% to

Nikkei Leads Asian Markets Rebound

Hiruki Nakamura
26 Feb, 2015
New York City

Nikkei average rebounded to a new 15-year high after the yen weakened. Industrial & Infrastructure Fund said first-half revenues declined 2.9%. Sony said it is not planning to sell its TV and mobile phone businesses it plans to spin off.

Australian Capex Falls 2.2%, Nine Entertainment Revenues Up 4.6%

Marcus Jacob
26 Feb, 2015
New York City

Australian market indexes traded down after capital spending in the fourth-quarter declined 2.2%. Aussie dollar edged up for the third day in a row and commodities in volatile trading managed to close higher. Billabong first-half sales edged down. Nine Entertainment first-half revenues jumped 4.6%.

Bharti to Lower Infratel Stake and Raise Capital, Castrol India Net Rises

Mukesh Buch
26 Feb, 2015
New York City

Bharti Airtel raise up to ₹2,600 crore through the sale of 72.5 million shares in Bharti Infratel. NTPC board approved the investment proposal for 1,320 megawatt thermal power project in Madhya Pradesh.

Rail Budget in India Ramps Up Investments After Decades of Neglect

Mukesh Buch
26 Feb, 2015
New York City

Indian Railways in its latest budget announced investments in modernising tracks, expanding network and invest in improving passenger comfort and facilities at stations.

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