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13-Year High Dollar Against Yen, Nikkei and Asian Indexes Drop Nearly 2%

Hiruki Nakamura
09 Jun, 2015
New York City

Nikkei in Tokyo fell the most in five weeks after the dollar retreated from its recent highs. In the session, the dollar touched to a 13-year high. Market indexes across Asia declined on the dollar move and indexes in Jakarta, Philippines and Taiwan plunged at least 1.8%.

Australian Indexes in 6-Day Sell-off, Home Loans Expand 1% in May

Marcus Jacob
09 Jun, 2015
New York City

Australian market indexes declined for the sixth session in a row. New home loans in May increased 1% following 1.6% increase in April. Australian dollar held firm below 78 U.S. cents. Nine Entertainment plunged 18% on lowered earnings outlook for the year.

RBI Accelerates Debt Restructuring Plans, Adani to Raise $3.5 B

Mukesh Buch
09 Jun, 2015
New York City

Reserve Bank of India permitted banks to tighten grip on debt defaulters and force corporate restructuring. Adani Group plans to raise $3.5 billion through global bonds. HDFC plans to raise up to ₹5,000 crore through non-convertible debentures.

S&P 500 and Indexes Down on Rate Jitters, Greece in Rearview

Nichole Harper
08 Jun, 2015
New York City

Market indexes on Wall Street traded lower on the worries that the upbeat jobs report may facilitate rate hike later in the year. Deutsche Bank in Germany overhauled its executive team and European lenders and politicians struggled to find compromise on Greece.

Apollo Offers $3.3 B for Verallia, Sears Sales Plunge 25%

Mukesh Buch
08 Jun, 2015
New York City

Apollo Global offered $3.3 billion for Saint-Gobain''s Verallia. McDonald''s U.S. comparable stores sales in May declined 2.2%. Argan profit doubled after revenues soared 67%. Sears net loss narrowed as sales plunge. Vail Resorts net soared 13%.

Deutsche Bank Replaces CEO Team; Shire and Actelion in Merger Talks

Nigel Thomas
08 Jun, 2015
New York City

Deutsche Bank replaces current chief executive team. Phoenix IT net swung to profit but revenues declined 7%. Shire is in talk to acquire Switzerland-based rival Actelion for

Japan Estimates Faster Economic Growth in First Quarter

Hiruki Nakamura
08 Jun, 2015
New York City

In quiet trading, Nikkei average in Tokyo edged lower for the second day after the economy expanded at a faster-than-expected pace in the first quarter. NTT Data agreed to acquire consulting group in the U.S. for $212 million. Dentsu said May revenues soared across all advertising channels.

Modi Diplomacy Leads Adani, RPower to Invest $5.5B in Bangladesh

Mukesh Buch
08 Jun, 2015
New York City

Adani Power and Rpower signed an agreement to invest a combined $5.5 billion in Bangladesh. Kotak Mahindra and ING Bank to explore cross border business opportunities.

Opko to Buy Bio-Reference for $1.5 B; Diamond Foods Soars

Mukesh Buch
05 Jun, 2015
New York City

Cooper Companies net plunged 23%. Esterline net plummeted 46%. Diamond Foods net swung to profit. Gap May same-store sales slid. Opko Health agreed to acquire Bio-Reference Lab for $1.5 billion. Thor net soared 14%. UTi Worldwide net loss narrowed. VeriFone net swung to profit.

Lloyds Faces More U.K. Fines, Nestle Crisis Deepens in India

Nigel Thomas
05 Jun, 2015
New York City

U.K. regulatory agency fined Lloyds Banking

Nikkei Lacks Direction, Yen Struggles

Hiruki Nakamura
05 Jun, 2015
New York City

Nikkei in Tokyo closed down and the yen traded near 12-year low as investors stayed cautious ahead of U.S. jobs data release on Friday. Tokyo Corporation launched a share buyback program. Kirin and Suntory are investing to increase production in the U.S.

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