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Australia Holds Record Low Rates, Trade Deficit Expands

Marcus Jacob
04 Nov, 2014
New York City

Australian trade deficit widened after the imports rose faster than exports and retail sales rose more than expected. Reserve Bank of Australia left reference rate at record low 2.5%, where rates have been since August 2013.

Altice Offers

Nigel Thomas
03 Nov, 2014
New York City

Altice offered to acquire PT Portugal for

Sapient Agrees to $7.3 B Buyout, Lab Corp Acquires Covance

Mukesh Buch
03 Nov, 2014
New York City

American Honda October sales climbed 6%. Chrysler sales surged 22% as jeep and truck sales climbed. Ford sales dropped 2% while GM sales edged up 0.2%. Loews profit plunged 26%. Nissan sales soared 13%. Sysco net fell 2%. Sapient surged after Publicis agreed to buy the company for $3.7 billion.

Associated British Foods Net Surges, BMW Profit Falls

Nigel Thomas
04 Nov, 2014
New York City

Associated British Foods profit surged 25% to

Australian Building Approvals Plunge 11%, Aussie Dollar at 2-month Low

Marcus Jacob
03 Nov, 2014
New York City

Australian markets declined after gold dropped and the Aussie dollar hit a two-month low and Australian building approvals plunged in September 11%. Westpac Banking reported annual cash profit increased 8% and announced final dividend of 92 cents per share.

Auto Sales in India Struggle, Bajaj and Hero Sales Below Estimates

Mukesh Buch
03 Nov, 2014
New York City

Ashok Leyland sales in October surged 23% but Bajaj Auto sales were nearly flat. Hero sales declined 8% but TVS Motor sales surged. Maruti Suzuki sales nearly flat 1%. M&M and Tata Motor sales plunged 17%.

Global Markets Surge and U.S. Indexes Near Records on the BOJ Move

Nichole Harper
31 Oct, 2014
New York City

U.S. and world markets advanced after the Bank of Japan in a surprise move expanded its already large stimulus program and the government controlled pension fund announced plan to increase exposure to stocks. Japanese yen dropped to a seven-year low. Oil and gold continue to slide.

Chevron, Hilton, Rockwell Net Climb; Starbucks Net Swings to Profit

Mukesh Buch
31 Oct, 2014
New York City

Chevron net soared 13% to $5.6 billion but revenue declined 7%. Exxon Mobil net rose 3% and revenue fell 4%. Hilton Worldwide profit and total revenues jumped 7%. Mohawk net climbed 7%. Rockwell Collins net surged 96%. Starbucks net swung to profit.

BNP Hikes Italy Bad Loans Provision, RBS Net Swings to Profit

Nigel Thomas
31 Oct, 2014
New York City

AB InBev net declined 5% to $2.3 billion but revenue rose 2%. BNP Paribas revenues dropped 4% and the French back set aside

Nikkei Soars 4.8% on a Surprise BOJ Move to Expand Stimulus

Hiruki Nakamura
31 Oct, 2014
New York City

The Bank of Japan in a surprise move expanded its already large asset purchase program and stepped up its fight against entrenched deflationary forces. The BOJ also lowered its estimate for inflation. In addition, the GPIF announced its plan to increase allocation to stocks and alternative assets.

Australian Markets Soar 3.4% in September; ANZ, Macquarie Net Rise

Marcus Jacob
31 Oct, 2014
New York City

Australian market indexes marched higher and the ASX 200 index extended weekly gain by 0.9% to 1.9%. The benchmark index soared 3.4% in the month after investors turned positive despite the recent collapse in energy prices. ANZ annual net rose 10%. Macquarie first-half net soared 35%.

Airtel, GAIL, Whirlpool India Net Surge; M&M, NTPC Net Fall

Mukesh Buch
31 Oct, 2014
New York City

Advanta quarterly profit surged 981%. Airtel net soared 170%. GAIL net climbed 42%. JK Cement net and revenue jumped. NTPC net slipped 17% on 1% increase in revenues. Procter & Gamble net and revenues rose. Union Bank and Whirlpool net surged.

Incyte, Kellogg, MasterCard, Visa Jump; Avon, Facebook Drop

Mukesh Buch
30 Oct, 2014
New York City

Avon and Incyte net swung to profit. Catamaran net jumped 12%. Facebook profit almost doubled on 58% increase in revenue. Harman Intl net soared 79%. Kellogg net declined 31%. MasterCard profit and revenue soared. Visa net plunged 10% but revenue jumped 9%.

Weaker Yen and Earnings Lift Nikkei; ANA, Daiwa, Japan Tobacco in Focus

Hiruki Nakamura
30 Oct, 2014
New York City

Stocks in Tokyo closed higher and the yen dropped after the U.S. dollar at strongest since October 6. Daiwa Securities said second-quarter earnings increased 4.4% on higher underwriting fees and trading income. Japan Tobacco sales increased 1.3% and net declined 7.4%.

Bayer, Barclays, BT Group Net Surge; Eni, Shell Profit Decline

Nigel Thomas
30 Oct, 2014
New York City

Bayer lifted revenue forecast and net soared 13% to

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