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Yen at Seven Year Low, Softbank Invests $250 M in GrabTaxi

Hiruki Nakamura
04 Dec, 2014
New York City

Stocks in Tokyo closed higher and automakers led the charge. The yen closed at its weakest since 2007 and the Japanese currency has declined 12% in the year so far against the U.S. dollar. Softbank invests in taxi booking service provider in Southeast Asia.

Avago, Kroger Climb; Aeropostale, Barnes & Noble, Express, Sears Plunge

Mukesh Buch
04 Dec, 2014
New York City

Avago Technologies net declined 22% but revenues climbed 115%. Aeropostale net loss widened. Barnes & Noble profit slumped 7%. Dollar General net fell. Kroger profit surged 21%. NextEra agreed to acquire Hawaiian Electric for $4.3 billion. PVH net soared 15%. Sears Holdings net loss widened.

India to Sell 5% in SAIL, India to Recover $160 M from Oil Contractors

Mukesh Buch
04 Dec, 2014
New York City

Central Bank plans to raise about Rs 626 crore. Strides Arcolab plans to construct biopharmaceutical manufacturing facility in Malaysia. Government of India is looking to recover $160 million on KG-D6 block from contractors.

Australian Trade Deficit Narrows, Aussie Dollar Eases

Marcus Jacob
04 Dec, 2014
New York City

Australian trade deficit narrowed in October to $1.32 billion from the revised $2.24 billion deficit in September. Retail sales in the month increased 0.4% from the revised 1.3% increase in September. Australian dollar edged lower.

EasyJet, Ryanair November Traffic Climb; DS Smith, TUI Travel Net Soar

Nigel Thomas
04 Dec, 2014
New York City

DS Smith profit soared 36% to

Wall Street Awaits Payroll Data, Stock Lack Direction

Nichole Harper
03 Dec, 2014
New York City

Market indexes in New York traded higher and crude oil bounced around $67 a barrel. Walgreen fiscal first-quarter sales increased 6.8%. Abercrombie & Fitch comparable sales in third-quarter plunged 14%.

Japan Indexes in 4-day Rally, Toyota and Honda U.S. Sales Advance

Hiruki Nakamura
03 Dec, 2014
New York City

Stocks in Tokyo advanced for the fourth day in a row and the Topix index closed at a high not seen since 2008. Toyota and Honda gained after the U.S. sales in November were ahead of expectations. Nissan sales lagged.

Alico, G-III Apparel, Leidos Soar; Walgreen November Sales Jump

Mukesh Buch
03 Dec, 2014
New York City

Abercrombie & Fitch net swung to profit but sales declined. Alico agreed to acquire Florida-based three citrus producers for about $363 million. G-III Apparel net climbed 35%. Leidos net swung to profit. OmniVision net jumped 7%. Walgreen November sales climbed 5%.

Australian September Quarter GDP Expands 0.3%

Marcus Jacob
03 Dec, 2014
New York City

Australian market indexes rebounded from the early weakness and closed 0.8% higher despite the weakness in resource prices and in the economic growth. September quarter GDP growth was less than expected 0.3%. Aussie dollar edged down.

Just Eat Founders Sold 8.7% Stake, Sage Group Profit Surges

Nigel Thomas
03 Dec, 2014
New York City

Deutsche Bank and retail property group ECE agreed to acquire PalaisQuartier for about

Tata Motors to Set Up Brazil Unit with $290 M Investment

Mukesh Buch
03 Dec, 2014
New York City

JSW Energy acquire two power projects worth Rs 9,700 crore from JP Power. Tata Motors to set up new unit an automotive unit in Brazil with $290 million investment. Supreme Court allowed to sell four properties worth Rs 2,700 crore of Sahara group.

Weakness in Oil and Gold Tempers U.S. and Europe Stock Indexes

Nichole Harper
02 Dec, 2014
New York City

Stocks on Wall Street trended higher in volatile trading and gold, silver, copper and oil fell more than 1%. U.S. construction spending increased 1.1% in October after slipping 0.1% in September. Fiat Chrysler led November auto sales with 20% surge.

Fiat Chrysler, GM, Toyota Sales Jump; Ford Sales Drop

Mukesh Buch
02 Dec, 2014
New York City

Ford November sales fell 2% despite Escape, Explorer and Mustang posted record sales. Fiat Chrysler climbed 20% and GM sales climbed 6% and the largest automaker said recall-related charges added to $2.7 billion. Johnson Controls lowered fiscal outlook.

Otsuka Acquired Avanir Pharma for $5.3 B, Nikkei in Japan Gains 0.4%

Hiruki Nakamura
02 Dec, 2014
New York City

Stocks in Tokyo gained and market indexes closed at six-year new highs. Fast Retailing said November same-store sales increased 1.9% and total sales surged 4.1% from a year ago. Otsuka Holdings agreed to acquire Avanir Pharma for about $5.3 billion or $17 a share.

Rates on Hold Australia, RBA Says Dollar Overvalued

Marcus Jacob
02 Dec, 2014
New York City

The Reserve Bank of Australia left its benchmark rate unchanged at 2.5% and reiterated that the Aussie dollar is above its fundamental level. Current account deficit narrowed to $12.5 billion in the third-quarter. Seasonally adjusted new buildings approvals increased 11.4% in October.

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