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Russia Lowers Rate to 14% Citing Worries of Economic Cotraction

Nigel Thomas
13 Mar, 2015
New York City

Russia

Bechtle Profit Climbs 20%, Wetherspoon Net Rises 7%

Nigel Thomas
13 Mar, 2015
New York City

Bechtle, Germany based IT company said profit climbed 20% on 14% increase in revenues. BP agreed to divest its Australian bitumen business to Puma Energy. Dart surged after positive fiscal outlook. J D Wetherspoon net jumped 7%. Oxford BioMedica net loss narrowed.

Nikkei Above 19000, Fanuc Soars 13%

Hiruki Nakamura
13 Mar, 2015
New York City

Stocks in Tokyo closed higher and the Nikkei jumped to a high not seen since 2000. Industrial production in January increased 3.7%. Fanuc soared 13% after the industrial robot maker took steps to increase communication with shareholders.

Inflation Accelerates in India, Rupee Drops to 63

Mukesh Buch
13 Mar, 2015
New York City

Sensex in India declined after consumer price index in February accelerated on the rising food prices. Snapdeal plans to buy online mobile recharge platform Freecharge for ₹2,800 crore. Tata Motors said Jaguar Land Rover

IiNet and TPG Telecom in $1.4 B Deal in Australia

Marcus Jacob
13 Mar, 2015
New York City

Australian market indexes closed down and the Aussie dollar lacked direction in moderate trading. For the week, the ASX 200 index declined 1.5%. Internet service provider, iiNet Limited agreed to be acquired by TPG Telecom at $1.4 billion valuation.

Stocks Power Ahead on Wall Street, Third Monthly Decline in Retail Sales

Nichole Harper
12 Mar, 2015
New York City

Stocks on Wall Street rebounded and initial claims of weekly jobless claims declined below 300,000. Retail sales declined for the third month in a row on bad weather and cautious consumer spending. The dollar declined after the sustained rise against the euro.

Children

Mukesh Buch
12 Mar, 2015
New York City

Children

BMW Net Climbs; ITV in

Nigel Thomas
12 Mar, 2015
New York City

BMW profit jumped 9% to

Nikkei at 15-Year High, Toyota Pay Increase in Focus

Hiruki Nakamura
12 Mar, 2015
New York City

Nikkei in Japan jumped the most in a month and the index surged to a 15-year high. Toyota Motor surged more than 1% on the expectations that the company may agree to larger than usual wage increase for workers.

Australian Stocks Jump, Jobless Rate Ease to 6.3%

Marcus Jacob
12 Mar, 2015
New York City

In active trading, market indexes in Australia jumped on a slight rebound in resource stocks. Jobless rate in February declined to 6.3% from 6.4% in January. Whitehaven Coal completed $1.4 billion debt refinancing and extended repayment to 2019.

Economic Growth in India to Lead G-20 Nations

Mukesh Buch
12 Mar, 2015
New York City

Sensex in India halted 3-day slide after the IMF lifted economic growth outlook in India. ICICI Bank plans to sell its stake in a life insurance joint venture with the U.K based Prudential. IVRCL acquired orders worth ₹226.18 crore.

Accelerating Declines in Euro and European Bonds

Nichole Harper
11 Mar, 2015
New York City

Stocks on Wall Street lacked direction and investors remained on the sidelines after the S&P 500 index wiped out gains in the year so far. The euro accelerated its decline and extended nine-month loss to 35% as traders brace for more fall in the next three months.

Verisk in $2.8 B Deal with Wood Mackenzie, Vera Bradley Tumbles

Mukesh Buch
11 Mar, 2015
New York City

Brown Shoe plunged on weak fiscal outlook. Express net dropped 13% and comparable store sales fell 2%. Ferrellgas Partners profit soared 30% but revenues plummeted 23%. Vera Bradley net swung to profit. Verisk Analytics agreed to acquire U.K.-based Wood Mackenzie for $2.8 billion.

Adecco Net Soars, E.ON Net Swings to Loss

Nigel Thomas
11 Mar, 2015
New York City

Adecco net soared 14% to

Yen Extends Losses, FamilyMart and UNY in Merger Talks

Hiruki Nakamura
11 Mar, 2015
New York City

Stocks in Tokyo struggled to hold on gains of the day and the yen eased after the U.S. dollar hit a 12-year high against the euro. FamilyMart is in merger talks with the rival UNY Group to form the second-largest convenience store chain.

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