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India Indexes in 7-Day Rally, Ambuja Cements Net Rises

Mukesh Buch
19 Feb, 2015
New York City

Market averages in Mumbai traded higher for the seventh session in a row. Ambuja Cements said net rose 4%. Bharat Forge signed a multi-year contract with the airplane maker Boeing Co. RPP Infra won an order from Karnataka. Supreme Infra net plunged 89%. SKF India net dropped 16%.

U.S. Housing Starts Fall and Production Growth Slows, World Markets Advance

Nichole Harper
18 Feb, 2015
New York City

U.S. stocks traded sideways and investors focused on domestic earnings and overlooked Friday deadline for Greece to submit loan extension. U.S. housing starts declined 2% in January and permits declined 0.7% and industrial production gained 0.2%.

Cinemark, NiSource, Virgin America Climb; Fossil Tumbles

Mukesh Buch
18 Feb, 2015
New York City

Actavis net loss widened despite 46% surge in revenues. Cinemark net soared. Duke Energy net tumbled 29% but revenues jumped 5%. Fossil plunged 18% on weak outlook. Hilton and Hyatt net soared five-fold. Virgin America net tumbled 73%.

European Indexes Look Beyond Greece and Trade at 7-Year High

Nigel Thomas
18 Feb, 2015
New York City

Eni net loss widened to

Stocks in Tokyo Power Ahead on Weaker Yen

Hiruki Nakamura
18 Feb, 2015
New York City

Stocks in Tokyo advanced and the yen edged lower after optimism ran high that Greece and the euro zone will overcome differences. Japan Post offered 50% premium to acquire Australia-based Toll Holdings. Bridgestone said annual net income soared 49%. Electric Power is looking to raise $1 billion.

Japan Post Offers 50% Premium for Australia Based Toll Express

Marcus Jacob
18 Feb, 2015
New York City

Australian market indexes soared after Japan Post offered a large premium for the transportation and logistics operator Toll Express. The offer powered other deal driven stocks. Ardent Leisure plunged after declaring a loss in the first-half. Woodside Petroleum revenues and net rise.

Technology Transfer Push Drives Defense Stocks Higher in India

Mukesh Buch
18 Feb, 2015
New York City

Defense sector stocks led the gainers after Prime Minister Modi urged international contractors to transfer technologies to win future bids. Crompton Greaves secured a contract worth ₹119 crore from NTPC. Hero MotoCorp founders lowered stake by 3.5%.

Markets in New York and Europe Stay Relaxed as Greek Talks Turn Hostile

Nichole Harper
17 Feb, 2015
New York City

Stocks in New York advanced and several indexes flirted with new highs with large and small cap indexes trading at new highs. Tollbooth Index and S&P 500 index traded at record highs. Germany led the improving economic expansion data in the euro zone.

Medtronic, Waste Management Jump; Agios Pharma Declines

Mukesh Buch
17 Feb, 2015
New York City

Agios Pharma net loss widened despite a surge in revenues. Genuine Parts sales and profit soared. Goodyear Tire net climbed after one-time tax benefit of $2.2 billion. Medtronic net surged 28%. Waste Management net swung to profit.

Fairfax to Acquire Brit for

Nigel Thomas
17 Feb, 2015
New York City

Brit agreed to acquire by Fairfax Financial for

Home Price Rise Worries Reserve Bank of Australia, Fortescue Sales Plunge

Marcus Jacob
17 Feb, 2015
New York City

Reserve Bank of Australia indicated in its latest minute of meetings that the rate cut was warranted on the weaker than expected economic growth. ANZ reported flat quarterly profit. Coca-Cola Amatil annual revenues declined. Fortescue first-half revenues plunged 17%.

Japan Stocks Unchanged, Kintetsu in Merger Talks with APL in Singapore

Hiruki Nakamura
17 Feb, 2015
New York City

Stocks in Tokyo edged lower in international worries. China reported ninth monthly decline in home prices and European finance ministers issued an ultimatum to Greece to stick to bailout terms for any new loan request. The yen gained against the dollar.

Greek Bonds Drop, Hryvnia Extends Currency Plunge; Puma Net Surges

Nigel Thomas
16 Feb, 2015
New York City

Balfour Beatty divest 80% interest in Thanet offshore transmission project for

Australian Markets Track Higher on Oil Prices, Vehicles Sales Fall 1.5%

Marcus Jacob
16 Feb, 2015
New York City

Australian markets edged up following a rebound in metals and oil prices extended gains for the third week in a row. Total motor vehicles sales in January declined 1.5% to 93,104. QBE Insurance divested three agency businesses. Aurizon, the freight rail operator reported flat first-half sales.

Japan Struggles to Escape Recession, Kuraray and ASIC Drop

Hiruki Nakamura
16 Feb, 2015
New York City

Nikkei index in Tokyo closed at a new eight year high after the yen weakened and the economy in the fourth quarter grew but at a slower than expected pace. Fanuc, the robotic equipment maker, plans to invest $1.1 billion by the end of 2016. Yokohama Rubber annual net rose 16%.

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