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Sensex in India at 2-Week High, Trade Deficit and Exports Fall in January

Mukesh Buch
16 Feb, 2015
New York City

Stocks in Mumbai extended gains for the fifth day in a row after trade deficit edged lower. Exports and imports declined 11% and trade gap fell to $8.32 billion. HDFC net surged 13% on 19% increase in revenues. HDFC Bank net climbed 20%. ONGC net plunged 50%. Sun Pharma net fell 7%.

U.S. Indexes at Record Levels, Euro Zone Growth Picks Up

Nichole Harper
13 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 the S&P 500 index traded at record highs. Germany led the improving economic expansion data in the euro zone.

ArcelorMittal, AIG, VF Corp Climb; DTE Energy, Kraft Foods Fall

Mukesh Buch
13 Feb, 2015
New York City

ArcelorMittal net loss narrowed and sales declined 6%. AIG net tumbled 67%. DTE Energy lifted earnings outlook. Groupon net swung to profit. Smucker revenues and profit declined. Kraft Foods net swung to a loss. Ventas net rose. VF Corp net plunged 67%.

Anglo American Net Loss Widens; Rolls-Royce Net Tumbles, L'Oreal Profit Surges

Nigel Thomas
13 Feb, 2015
New York City

Anglo American reported net loss widened to $2.5 billion. Centrica

Greek Talks Turn Friendlier for Now

Nigel Thomas
13 Feb, 2015
New York City

German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras struck a friendlier tone in looking for a solution to the debt problem of Greece. Prime Minister Tsipras is still looking for debt write down and tie future loan payments with the primary budget surplus.

Tokyo Movers: Citizen Plunges 10%, Suntory Sales Rise 12%

Hiruki Nakamura
13 Feb, 2015
New York City

Market averages in Tokyo eased from the recent 7-year high and investors focused on the latest batch of earnings. Citizen Holdings nine-month revenues jumped 5.6% and net soared 33%. Suntory Beverage & Food annual sales rose 12% and earnings advanced 16%. Mabuchi Motor net was ahead of expectations.

Australian Stocks Rebound; Sims Metals, Newcrest in Focus

Marcus Jacob
13 Feb, 2015
New York City

Australian market indexes soared in active trading after commodities rebounded and domestic earnings supported market momentum. Newcrest Mining reported surging earnings on flat revenues and also said that the gold miner is open to selling its third largest mine. Sims Metals soared.

India Rally Powered by Stable but Elevated Loan Loss Ratio at SBI

Mukesh Buch
13 Feb, 2015
New York City

State Bank of India net surged 30% but loan loss reserves stayed at 4.9%. BHEL net plunged 69%. Cipla jumped 15%. Coal India net declined 16% but sales jumped 4%. M&M revenues slipped 9%. Max India net soared three-fold.

U.S. Stocks Rally on Tech Stocks, Deals and Easing Tensions in Europe

Nichole Harper
12 Feb, 2015
New York City

Stocks surged ahead and Nasdaq flirted with record high after earnings empower market rally on Wall Street. Easing Ukraine and Greece related tensions in Europe also supported market advance. U.S. dollar gained as retail sales fell and weekly jobless claims rose.

Expedia to Acquire Orbitz for $1.4 B, Tripadvisor Surges

Mukesh Buch
12 Feb, 2015
New York City

Avon net loss widened on 13% fall in revenues. BorgWarner dropped 1%. Boeing secured two orders worth about $3.1 billion. Expedia agreed to acquire rival Orbitz Worldwide for $1.38 billion. NVIDIA net surged 31%. Tesla net loss widened. Tripadvisor surged after net climbed 80%.

Sweden Lowers Rate to Negative, Credit Suisse Net Swings to Profit

Nigel Thomas
12 Feb, 2015
New York City

Alstom-Bombardier consortium received order for ten MI09 double-deck trains worth about

Nikkei Surges on Weaker Yen, Rising Earnings adn Share Buy Back Plans

Hiruki Nakamura
12 Feb, 2015
New York City

Weaker yen, rising earnings and a growing stock buyback announcement lifted Nikkei to the highest level in 7

Australian Indexes in 4-Day Slump, Rio Tinto to Buy Back Shares

Marcus Jacob
12 Feb, 2015
New York City

Australian market indexes extended losses to the fourth day in a row and the Aussie dollar edged lower. Jobless rate in January rose more than expected to 6.4%. ASX first-half revenues and earnings were ahead of expectations. Rio Tinto to use up to $500 million to buy back its shares.

Production Slows, Inflation Accelerates in India; Power Grid Net Rise

Mukesh Buch
12 Feb, 2015
New York City

AstraZeneca said net swung to loss. Bank of India net plummeted 70%. Bata India net plunged 33%. Future Retail net tumbled 75% and plans to raise capital. Hindalco rose 8%. Power Grid net and revenues climbed 18%. RCap net soared 28%. Voltas net surged 73% but revenues declined 15%.

Greek Tail Wags U.S. and European Markets, Oil Rally Fizzles

Nichole Harper
11 Feb, 2015
New York City

Stocks on Wall Street traded in a tight range and crude oil declined 1%. European finance ministers and lenders meet Greece and appear in no mood to strike a compromise for the release of the next tranche of bailout. Germany, France and Russia diverge on Ukraine solution.

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