ticker

Nikkei Extends Weekly Gains to a New 15-Year High, Controversial Takata Fine

Hiruki Nakamura
23 Feb, 2015
New York City

Nikkei index in Tokyo edged up to a new 15-year high and investors shifted focus away from the euro zone. In an apparent politically motive move, the U.S. imposed $14,000 a day fine on Takata Corp. Resona Holdings plans to repay debt two years ahead of schedule to Japanese government backed fund.

Australian Stocks Advance; Brambles, Lend Lease, MacMahon, Vocation in Focus

Marcus Jacob
23 Feb, 2015
New York City

Australian market indexes closed higher and domestic earnings news dominated headlines. Brambles said first-half revenues rose 5%. Boart Longyear Ltd reported narrower loss but cautioned on earnings. MacMahon Holdings plunged 37% after losing a contract with iron ore miner Fortescue.

Markets in India Look Ahead to Budget, Second Day Decline in Stocks

Mukesh Buch
23 Feb, 2015
New York City

Market indexes in India declined for the second day in a row ahead of financial budge from the central government. GMR Infra and DLF plans to sell projects to private equity firms. Monnet Ispat won the coal block in Chhattisgarh. Rajesh Exports secured an order from UAE.

World Markets Grow Comfortable to Potential Greek Exit

Nichole Harper
20 Feb, 2015
New York City

U.S. market indexes turned lower from record highs after Greece and euro zone ministers began debt talks in Brussels as the deadline looms. Crude oil extended losses for the third day in a row. Nordstrom rose on earnings and Intuit gained narrowed loss.

Intuit, Lab Corp, Nordstrom Rise on Earnings

Mukesh Buch
20 Feb, 2015
New York City

Echostar net surged 68%. Deere & Co profit tumbled 43% on 17% decline in revenues. Intuit net loss widened but revenues jumped 3%. Marvell Technology revenues and profit plunged. Nordstrom net declined 5% while net sales climbed 9%.

Greek Bank Withdrawals Accelerate, Danone Net Plunges 21%

Nigel Thomas
20 Feb, 2015
New York City

European markets were in holding pattern after Greek debt negotiation fatigue sets in. Greek depositors accelerated bank withdrawals ahead of the Brussles talk which are expected to lead nowhere. Greece may impose Cyprus-style controls this long weekend to stem the rising tide of outflow.

Nikkei Extends Weekly Gain to 2.3%

Hiruki Nakamura
20 Feb, 2015
New York City

Nikkei stock average in Tokyo extended weekly gain and banks and financial services led the gainers. For the week, Nikkei index gained 2.3% on yen weakness. ANA is looking to offer financial support to the bankrupt Skymark Airlines.

Aussie Dollar Spikes Up, Markets in Sydney Trim Weekly Gains

Marcus Jacob
20 Feb, 2015
New York City

Australian market indexes eased and the Aussie dollar spiked above 78 U.S. cents. For the week, market indexes closed flat as investors worried the fate of Greek debt negotiations. Santos Ltd annual revenues rose 12% but swung to net loss. James Hardie reported rising revenues across all markets.

Foreign Investors Lift India Exposure, Ultratech wins Coal Block

Mukesh Buch
20 Feb, 2015
New York City

Foreign investors continue to increase exposure to stocks in India with the focus on infrastructure and consumer products companies. Ultratech Cement won the Bicharpur coal block worth ₹3,003 per ton in MP.

Germany Rejects Greece's Request for Loan Extension

Nigel Thomas
19 Feb, 2015
New York City

Germany rejected immediately the loan extension proposal requested by Greece and finance ministers in the euro zone are scheduled to meet on Friday.

U.S. Investors Focus on Earnings as Greece Faces Deadline

Nichole Harper
19 Feb, 2015
New York City

U.S. stocks reversed earlier decline after earnings from Wal-Mart Stores, Priceline, Direct TV and Discovery Communications. High drama of Greek debt negotiations continued as finance ministers set a meeting on Friday to discuss the latest proposal.

Priceline Soars, Wal-Mart Net Climbs 12%

Mukesh Buch
19 Feb, 2015
New York City

Ball Corp agree to acquire U.K.-based rival Rexam for $6.85 billion. DIRECTV net dropped 4% and the number of subscribers rose. Discovery Communications net plunged 14%. Hormel Foods net surged 12%. Priceline revenues and net jumped 20%. Wal-Mart profit climbed 12%.

Ball Corp Seeks Merger with Rexam, Deutsche Boerse and Nestle Net Rise

Nigel Thomas
19 Feb, 2015
New York City

Centrica net swung to a loss of

Nikkei at 14-Year High and Banks Lead Market Advance

Hiruki Nakamura
19 Feb, 2015
New York City

The benchmark index in Tokyo closed at a high not seen since 2000 after a catch up rally in large banks powered the latest market advance. Trend Micro soared 6% after the anti-virus software maker estimated higher than expected profit.

Australian Stock Trading Volume Jumps; Wesfarmers, Crown Resorts in Focus

Marcus Jacob
19 Feb, 2015
New York City

Australian market indexes declined and trading volume jumped to the high in the year-so-far. Aussie dollar inched towards 78 U.S. cents but prices of iron ore and oil edged lower. Wesfarmers Ltd first-half net declined and Crown Resorts reported better-than-expected results.

Market Update