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Aussie Dollar at 6-Year Low, BHP Targets Iron Ore Cost at $20

Marcus Jacob
11 Mar, 2015
New York City

Stocks in Australia closed down and the Aussie dollar dropped to a six-year low. Seasonally adjusted total home loans in January declined 3.5% to 51,396 and home loan value eased 1%. BHP, the largest iron ore miner said it is on track to cut production cost to $20 a ton.

Indexes in India and Asia in 3-Day Slump, Adani to Buy Adhunik Power

Mukesh Buch
11 Mar, 2015
New York City

Market indexes in Asia, India and emerging markets turned lower as the U.S. dollar traded at a 12-year high. Asian Paints signed an agreement to set up a manufacturing unit in Andhra Pradesh. Maruti Suzuki India plans to recall 33,098 units of Alto car.

Dollar Jumps to 12-Year High, U.S. Indexes Erase Gains

Nichole Harper
10 Mar, 2015
New York City

U.S. market indexes declined for the second day in a row and dollar jumped to a 12-year high against the euro. Investors fear that the Federal Reserve is closer to lifting rates from record low near zero after five years as the economic data show improving conditions.

Urban Outfitters Jumps; Barnes & Noble, Casey's, IDT, Korn/Ferry Decline

Mukesh Buch
10 Mar, 2015
New York City

Barnes & Noble net soared 14% and lowered fiscal outlook. Bridgepoint Education net loss increased as revenues decline 9%. Casey''s General Stores profit surged but revenues dropped 7%. IDT net fell 0.8%. Korn/Ferry climbed 8%. Urban Outfitters net plunged 10% but revenues soared 12%.

Audi, Hannover, Prudential, Symrise Net Jump; RWE Net Swings to Profit

Nigel Thomas
10 Mar, 2015
New York City

Audi profit soared 10% to

Weaker Economic Rebound in Japan, Yen Retreats

Hiruki Nakamura
10 Mar, 2015
New York City

Economy in Japan grew at a slower pace than initially estimated in the last quarter of 2014. For the entire year, after the revision, the economy contracted for the first time in three years.

Sensex and Rupee Extend Losses in India

Mukesh Buch
10 Mar, 2015
New York City

Market weakness extended for the second day on Dalal Street on the resurgent U.S. dollar. Monnet Ispat won the Utkal-C coal block rights for ₹770 per ton in Orissa. PC Jeweller partnered with U.S.-based online jeweller Blue Nile.

Aussie Dollar Flirts with 5-Year Low

Marcus Jacob
10 Mar, 2015
New York City

Australian dollar weakened along with currencies in Asia and emerging markets on the resurgent dollar. Gold declined and iron ore prices eased. AMP Limited raised $540 million for its global infrastructure fund.

Stocks on Wall Street Rebound on Merger Monday, Greek Risks Resurface

Nichole Harper
09 Mar, 2015
New York City

Stocks in New York rebounded on Merger Monday. Simon Property launched a hostile offer for the rival Macerich. Alcoa agreed to acquire RTI Metals. GM plans to buy back $5 billion of its stock. European markets declined after Greek proposal fell short of expectations.

Simon Property Launches Hostile Offer of $22.4 B for Macerich

Mukesh Buch
09 Mar, 2015
New York City

RTI Intl surged 41% after Alcoa agreed to acquire for $1.5 billion. Blackstone agreed to acquire Heartland Harvest for undisclosed amount. Concordia Healthcare plans to acquire privately held Covis Pharma for $1.2 billion. Simon Property agreed to buy Macerich Co for $22.4 billion.

Balfour Beatty Wins Thames Contract; Clarkson, WPP Profit Surge

Nigel Thomas
09 Mar, 2015
New York City

Air France KLM passenger traffic in February increased 0.6%. Balfour Beatty was appointed as civil contractor for Thames Flood Works. Clarkson revenues increase in revenues. WPP profit climbed 14% to

Nikkei in Tokyo Declines 0.9% in Asia-wide Selloff

Hiruki Nakamura
09 Mar, 2015
New York City

Stocks in Tokyo fell and market indexes closed down and the yen traded above 121-mark against the U.S. dollar. The Asia-wide selloff was sparked after the latest U.S. jobs report suggested improving employment conditions and may lead the Federal Reserve to lift interest rates sooner than expected.

Property Stocks and Aussie Dollar Fall on Market Selloff in Australia

Marcus Jacob
09 Mar, 2015
New York City

Australian market indexes dropped 1.3% following Asia-wide decline. Investors sold stocks following a market selloff in New York on the growing speculation that the U.S. Fed will lift rates from near zero sooner than expected. Tabcorp completed its $236 million public offering.

Sensex in India Falls 2%

Mukesh Buch
09 Mar, 2015
New York City

Markets in India tracked lower indexes in Asia following the growing worries that the U.S. Federal Reserve may lift rates sooner than expected. Ambuja, Hindalco, Jaypree and Jindal Steel won coal mining rights. DLF announced a plan to restructure debt-laden ₹15,000 crore projects.

Broad Decline in U.S. Indexes on Jobs Report and Weakening Euro

Nichole Harper
06 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after the latest jobs report fueled the sooner than expected increase in interest rate. In addition, the weakening euro also dampened the outlook for earnings growth at multinational companies.

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