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Tesco Decline on Profit Guidance, Bwin.party Net Loss Widens

Nigel Thomas
29 Aug, 2014
New York City

Bwin.party net loss widened to

Japan's Unemployment Rate Rises to 3.8%, Inflation Firm at 3.3%

Hiruki Nakamura
29 Aug, 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%.

Australian Indexes Track Lower Iron Ore Prices, Woolworths Net Rises to $2.5 B

Marcus Jacob
29 Aug, 2014
New York City

Australian market indexes gained after a month of volatile performance and a decline in the week. Iron ore prices declined 8.7% in August and resource stocks fell 5% in the month. Virgin Australia joined Qantas in announcing a large annual loss.

Abercrombie & Fitch, Genesco, Guess, Williams-Sonoma Drop

Mukesh Buch
28 Aug, 2014
New York City

Abercrombie & Fitch net rose 1%. Dollar General net grew 2%. Guess net tumbled 45%. Pall Corp net surged 40% on 12% increase of revenue and lifted its fiscal outlook. Williams-Sonoma net jumped 5% but offered cautious outlook.

U.S. GDP Growth Rate Revised Higher to 4.2%

Mukesh Buch
28 Aug, 2014
New York City

U.S. Gross Domestic Product, the broadest measure of goods and services generated in the economy, increased at a seasonally adjusted annual rate at 4.2%, the Commerce Department reported today.

Global Markets Turn Cautious on UKraine Tensions

Nichole Harper
28 Aug, 2014
New York City

Rising tensions between Russia and Ukraine dragged market sentiment across Atlantic. U.S. indexes have advanced in 11 of the past 14 trading days. However, investors have stayed on sidelines in recent days.

Bouygues Net Surges; Hunting, Playtec, Xaar Net Plunge

Nigel Thomas
28 Aug, 2014
New York City

Bouygues net more than doubled to

Topix Extends Weekly Loss; Toyota, Honda and Nissan Production Rise

Hiruki Nakamura
28 Aug, 2014
New York City

Stocks in Japan declined and extended weekly losses. Narendra Modi, Prime Minister of India is scheduled to visit Japan with a delegation of eighteen billionaires. Toyota, Honda and Nissan report mix domestic sales but worldwide production rises.

Surprise Jump in Australian Capex, Qantas Reports Record $2.8 B Loss

Marcus Jacob
28 Aug, 2014
New York City

Stocks in Sydney declined and capital expenditure in the June quarter rose 1.1% but fell 4% from a year ago. The better than expected total capex masked the difficulty faced by the economy in transitioning from the mining led boom.

Fedders Lloyd Plunged 20%, Jindal Saw in $100 M U.S. Acquisition

Mukesh Buch
28 Aug, 2014
New York City

Fedders Lloyd net plunged 64%. Indraprastha Gas acquired a stake in Maharashtra Natural Gas. Jindal Saw plans to acquire PSL North America for $100 million. Tata Motors challenge the Competition Commission of India.

Tiffany Net Surges 16%, Chico's Net Plunges 45%

Mukesh Buch
27 Aug, 2014
New York City

Analog Devices net rose 3%. Brown-Forman profit jumped 5%. Chico''s net tumbled 45%. Donaldson net was flat but sales climbed 6%. Heico net surged 15%. REX American net soared 278% but sales declined 14%. Tiffany net surged 16%.

S&P Fluctuates Near Record, European Bond Yields Drop to New Lows

Nichole Harper
27 Aug, 2014
New York City

U.S. market indexes struggled and the S&P 500 index traded above 2,000 for the second day in a row. Congressional Budget Office raised its estimate of federal budget deficit to $506 billion, largely on lower than expected corporate tax revenues.

CBO Forecasts $506 B U.S. Federal Budget Deficit

Nichole Harper
27 Aug, 2014
New York City

The Congressional Budget Office on Wednesday said federal budget deficit will smaller than previous estimate over the next decade, as the low interest rates trim government

Brazil Based Oi Explores Stake Purchase in Rival Tim

Nigel Thomas
27 Aug, 2014
New York City

Oi intends to acquire stake in Tim Participacoes from Telecom Italia for $8 billion. Foxtons Group net surged 64%. Marine Harvest net swung to a loss of 142 million kronor but revenue climbed 48%. Seadrill net tumbled 65%.

Yen in Tokyo Eases for 3rd Day, Nikkei Rises

Hiruki Nakamura
27 Aug, 2014
New York City

Stocks in Tokyo closed higher and the yen eased for the third day in a row. Central Japan Railway sought a 9 trillion yen plan approval for high speed trains between Tokyo and Nagoya by 2027.

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