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Australian Indexes Plunge 1.9% on Weak Oil and Gold

Marcus Jacob
01 Dec, 2014
New York City

Australian indexes plunged 1.9% and the Aussie dollar eased after crude oil prices dropped sharply following 7% plunge in New York. Resource stocks also dropped after gold dropped 3% and crude oil futures tumbled nearly 10%. Metcash plunged 16% and the wholesaler reaffirmed its restructuring plan.

Altice in Deal with Brazil Based Oi, Deal Overture for Balfour Beatty

Nigel Thomas
01 Dec, 2014
New York City

Altice agreed to acquire Portugal Telecom SGPS S.A. from Brazilian wireless carrier Oi S.A. for

Maruti November Sales Surge 20%, M&M Sales Plunge 34%

Mukesh Buch
01 Dec, 2014
New York City

Ashok Leyland sales in November soared 44%. Eicher sales surged 52%. M&M total tractor sales fell 34%. Maruti sales rose 20%. Steel Strips sales jumped 21%. TVS sales jumped 36%.

Airlines Surge after Oil Drops to a 4-year Low

Mukesh Buch
28 Nov, 2014
New York City

American Airlines, Delta Air Lines and JetBlue surged while energy stocks plunged after oil price declined to a four-year low below $70 a barrel. Medtronic received clearance from U.S. Federal Trade Commission to acquire Covidien for $42.9 billion.

Oil Plunge of 7% Dominates Worldwide Stock Trading

Nichole Harper
28 Nov, 2014
New York City

Trading in oil dominated and the sharp fall in oil price hovered stock and currency trading in New York, Europe and Asia. Crude oil plunged as much as 7% after OPEC left its production level at 30 million barrels a day and the oil price fell to a four-year low.

Yen Weakness and Oil Drop Lifts Nikkei, Toyota Production Falls 1.1%

Hiruki Nakamura
28 Nov, 2014
New York City

Stocks in Tokyo gained and the yen eased after retail sales rose 1.4% and industrial production unexpectedly gained in Japan. Airlines in Tokyo gained after crude oil prices trade near $70 a barrel. The yen weakened for the first time in four days. Toyota global vehicle production in October fell.

E.ON Sells Assets to Cut Debt, Vivendi Finalizes SFR Deal for

Nigel Thomas
28 Nov, 2014
New York City

Axa agreed to acquire Assur Africa for

Australian Indexes Plunge After OPEC Decision

Marcus Jacob
28 Nov, 2014
New York City

Australian market indexes opened lower and the crude oil prices plunged below $70 a barrel after the OPEC member nations left the oil production level unchanged. Qantas Airways surged and the airline announced investment in Jetstar Japan.

Just Dial Seeks Investors, Alstom T&D Awarded Sri Lanka Contract

Mukesh Buch
28 Nov, 2014
New York City

Alstom won a contract from Ceylon Electricity Board, Sri Lanka. ITC plans to invest about Rs 9,000 crore to expand its hotel chain. Taneja Aerospace signed a contract with Indian Air Force to upgrade MIG 29 aircrafts.

Japan Indexes Drop Second Day, Yakult Plunges 6%

Hiruki Nakamura
27 Nov, 2014
New York City

Market indexes in Tokyo closed lower and the yen struggled to hold firm after two weeks of weakness. Resource and oil exploration companies were in focus after the OPEC members disagreed to cut oil production. Yakult Honsha dropped 6% after the France-based Danone plans to sell its 20% stake.

Decline in Crude Oil and Iron Ore Hover Australian Stocks

Marcus Jacob
27 Nov, 2014
New York City

Australian market indexes wiped out most of the gains in the session and the Aussie dollar retained its downward bias. Price of crude oil and iron ore edged lower. Lend Lease agreed with the Sydney development authority to develop two sites at a cost of $1.9 billion.

BOB Plans Bond Offering, Puravankara in Pune Development Venture

Mukesh Buch
27 Nov, 2014
New York City

Bank of Baroda plans to raise about Rs 1,500 crore through a convertible bond offering. CG

Infineon Net Surges 27%, Stagecoach Wins Rail Franchise

Nigel Thomas
27 Nov, 2014
New York City

Infineon net soared 27% to

U.S. Capital Goods Orders Fall, New Home Sales Rises

Nichole Harper
26 Nov, 2014
New York City

In stock trading, market averages lacked direction ahead of OPEC meeting tomorrow. Dollar fell, stocks generally rose and crude oil futures traded at a four-year low. U.S. jobless claims unexpectedly rose and capital goods orders fell. New home sales rose in October.

Topix Ends Five-day Rally in Japan, Weak Oil Drags Explorers in Asia

Hiruki Nakamura
26 Nov, 2014
New York City

Topix index in Tokyo edged lower after advancing for five days in a row. Tokyo Stock Exchange abandoned its plan to increase or add trading hours after resistance from brokerage firms. Inpex, Japan Petroleum Exploration and Taiyo Nippon Sanso dropped after oil dropped to a four-year low.

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