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Maruti Suzuki and M&M Vehicle Sales Rebound

Mukesh Buch
01 Jul, 2014
New York City

L&T won contract of Rs 2,442 crore from Bharat Sanchar Nigam. Maruti Suzuki June sales surged 33.5%. M&M tractor June sales climbed 8%. Punj Lloyd won a contract worth $200 million in Kuwait. Sterlite secured defense contracts worth Rs 2,500 crore from BSNL.

Japanese Companies Boost Capex Plans, Nikkei Advances 1.1%

Hiruki Nakamura
01 Jul, 2014
New York City

Stocks in Tokyo closed higher after Tankan survey showed rising inflation pressure and large companies revised higher capital spending plan by 7.4%. The yen weakened against the U.S. dollar. Takashimaya said June retail sales declined.

Australia Keeps Historic Low Rates, RBA Notes Housing Expansion

Marcus Jacob
01 Jul, 2014
New York City

Reserve Bank of Australia held rates at historic low of 2.5% for the eleventh month in a row and confirmed the strong housing industry expansion and low wage inflation. Capital cities home price index increased 1.4% in June.

PPG and Linn Energy Deals; TreeHouse Buys Flagstone Foods

Mukesh Buch
30 Jun, 2014
New York City

MannKind jumped on FDA approval. Kindred Healthcare will clear to buy Gentiva Health Services. PPG agreed to buy Consorcio Comex for $2.3 billion. Linn Energy acquired five assets of Devon Energy for $2.3 billion. TreeHouse Foods purchased Flagstone Foods for $860 million.

BNP Nears $9 B Settlement with the U.S., Ineos in

Nigel Thomas
30 Jun, 2014
New York City

Ineos acquired remaining 50% stake of BASF

S&P 500 Set to Stretch the Longest Quarterly Gain in Sixteen Years

Nichole Harper
30 Jun, 2014
New York City

Stocks on Wall Street traded sideways on the last day of the quarter and the benchmark S&P 500 index is set to stretch the longest string of quarterly gains in sixteen years. Crude oil and copper declined. Pending sales of existing homes in the U.S. rose the most in four years.

Nikkei Trims Losses in the First- Half, Industrial Output Rises 0.5% in May

Hiruki Nakamura
30 Jun, 2014
New York City

Stocks in Tokyo extended the rebound in the quarter but indexes fell 6.9% in the first-half. Industrial output rose 0.5% in May and the economy is expected to shrink sharply after a surge in first quarter growth rate on the planned sales tax hike in April.

Australian Index Gains 0.7% in First-Half, Bank Loans Rise 0.4% in May

Marcus Jacob
30 Jun, 2014
New York City

The ASX 200 dropped 1.8% and for the quarter gained 0.5% and for the first-half increased 0.7%. Total loans issued by banks increased 0.4% in May driven by 0.5% increase in loans to households and 0.2% rise in business loans. Woolworths offered its final offer for Country Road.

India Movers: Cipla, Havells India, IOB, Inox Leisure, ONGC, Torrent

Mukesh Buch
30 Jun, 2014
New York City

Cipla acquired 51% stake in generic pharmaceutical business in Yemen. Indian Overseas Bank plans to raise Rs 1,200 crore or $200 million. Inox Leisure chain is in talks to buy Satyam Cineplexes for $36 million. ONGC plans to invest nearly $900 million in an offshore oil field near Mumbai.

Nike Net Rises 5%, KB Home Returns to Profit

Mukesh Buch
27 Jun, 2014
New York City

AZZ net edged up on 18% increase in revenues. Commercial Metals net soared 25%. Finish Line profit surged 144% on 15% increase of revenue. KB Home net swung to profit after revenue climbed 8%. Nike jumped 5%. Sikorsky won contract worth $1.28 billion.

U.S. Stocks Keep Downward Bias After Peaks Last Week

Nichole Harper
27 Jun, 2014
New York City

Stocks on Wall Street searched for direction and indexes traded lackluster lacking catalysts. Market indexes in Europe closed higher as Italy struggled with rising debt yield levels. GoPro trades higher on the second trading day. Oil retains an upward bias.

Europe Movers: Imagination Technologies, Obtala Resources, Stanley Gibbons

Nigel Thomas
27 Jun, 2014
New York City

Intel Capital sold its 9% stake in Imagination Technologies. Obtala Resources profit surged to

Sharpest Increase in Inflation in Japan in 32 Years

Hiruki Nakamura
27 Jun, 2014
New York City

Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.

Weekly Rise of 0.5% in Australian Indexes, RBA Meeting on Tuesday

Marcus Jacob
27 Jun, 2014
New York City

Australian stocks eased on Friday but for the week gained after iron ore prices firmed up in international markets. Reserve Bank of Australia is scheduled to meet and China is set to report its official manufacturing index on Tuesday. WestSide rejected $178 million offer.

India Movers: GVK Power, Nitin Fire, RCapital, T&R, TCL

Mukesh Buch
27 Jun, 2014
New York City

GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.

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