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Australia's GDP Growth Slows to 0.5% in June Quarter

Marcus Jacob
03 Sep, 2014
New York City

Australian economic growth in June quarter slowed to an increase of 0.5% from the previous quarter and rose 3.1% from a year ago. Service industry growth continued to slow in August and iron ore price declined to a two-year low.

3-day Rally Lifts Nikkei to January High

Hiruki Nakamura
03 Sep, 2014
New York City

Nikkei index in Tokyo gained for the third day in a row and increased to a high not seen since January and the yen declined to an eight month low. Prime Minister Shinzo Abe is expected to shakeup cabinet and appoint a reform minded minister that may lead to overhaul of GPIF.

Eicher Domestic Sales Surge 66%, NMDC Production Rises 12%

Mukesh Buch
03 Sep, 2014
New York City

Eicher Motors August sales climbed 66%. Era Infra Engineering secured construction contract from Airport Authority of India. Elder Pharma net surged but revenue declined 33%. NMDC production and sales climbed.

World Markets Pause on Escalating War of Words Between Russia and Europe

Nichole Harper
02 Sep, 2014
New York City

Stocks across Atlantic paused the advance after war of words escalated between Russian president Vladimir V Putin and European leaders ahead of NATO summit on Thursday.

Dollar General Lifts Family Dollar Bid and Prepares to Go Hostile

Mukesh Buch
02 Sep, 2014
New York City

1-800-Flowers plans to acquire Harry & David Holdings for $143 million. Dollar General raised its bid for Family Dollar to $9.1 billion. Halliburton agreed to settle Macondo well incident in $1.1 billion. Norwegian Cruise Line agreed to acquire Prestige Cruises for $3 billion.

Honda and Nissan Sales in China Fall in August

Hiruki Nakamura
02 Sep, 2014
New York City

Stocks in Tokyo traded higher and the yen declined for the third day in a row and traded near 105 mark against the dollar. Honda said August sales in China declined 5.5% and Nissan sales in the month edged down 0.7%.

Telefonica to Sell Telecom Italia Stake, Redrow Profit Surges

Nigel Thomas
02 Sep, 2014
New York City

Telefonica plans to sell its stake in Telecom Italia and acquire broad band unit in Brazil controlled by France bases Vivendi. Johnson Service net swung to profit after revenue jumped 6%. Redrow profit surged 93% to

Australian Rates on Hold, Current Account Deficit Widens

Marcus Jacob
02 Sep, 2014
New York City

Reserve Bank of Australia held interest rate at the level maintained since thirteen months and estimated low interest rates until next year. Australian current account deficit soared to $13.7 billion in June quarter and building approvals increased 2.5% in July on a monthly basis.

Bajaj, Hero, TVS Report Strong Vehicle Sales; Tata Motor Struggles

Mukesh Buch
02 Sep, 2014
New York City

Bajaj Auto August sales climbed 8% and Hero Motocorp sales surged 21%. SPML Infra secured new orders worth Rs 1,232.30 crore. Tata Motors domestic vehicle sales and export declined. TVS Motor sales soared 46%.

Barclays Sells Assets; Iliad Looks to Revise T-Mobile Offer

Nigel Thomas
01 Sep, 2014
New York City

Barclays agreed to sell its UAE retail banking business CaixaBank agreed to acquire Spanish operations for

Japan and India Pledge Closer Ties and to Hold Regular Military Exercises

Hiruki Nakamura
01 Sep, 2014
New York City

Stocks in Japan closed lower and the Topix declined 0.6% in the week and fell 0.9% in August. The yen slipped. Unemployment rate in July increased to 3.8%, core consumer price index was unchanged at 3.3% and industrial production declined 0.2%.

Australain Manufacturing Sector Contracts and Corportate Profit Plunges

Marcus Jacob
01 Sep, 2014
New York City

Australian market indexes closed higher on the first day of September and manufacturing sector index contracted in August and corporate profits plunged nearly 7% in June quarter.

Maruti and Mahindra Report Diverging Auto Sales in India

Mukesh Buch
01 Sep, 2014
New York City

Maruti Suzuki sales in August surged 27% on 29% domestic sales increase. Mahindra & Mahindra August tractor sales jumped 6% but auto sales continue to struggle with weak product line up and lack of customer incentives.

Big Lots Falls Despite Earnings Surprise, Fred's Net Swing to Loss

Mukesh Buch
29 Aug, 2014
New York City

Big Lots net and sales rose 1.7%. Fred''''s net swung to a loss on weak sales data. OmniVision profit surged after revenue climbed 9%. Net 1 UEPS net soared on 55% increase of revenue. Signet Jewelers net declined 14%.

U.S. Stocks Extend Weekly and August Gains, European Markets Fall

Nichole Harper
29 Aug, 2014
New York City

U.S. market indexes are set to advance in the week and in August and European markets declined and the ruble declined to a record low as the Ukraine conflict escalated. U.S. consumer sentiment in August increased to a seven-year high.

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