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6-Day Rally in Australian Stocks, Fortescue Shipment Surges 47%

Marcus Jacob
29 Jan, 2015
New York City

Australian dollar held firm but analysts raised the prospect of the currency to drop as low as 72 U.S. cents. Fortescue Metals reported 47% increase in shipment in the first-half and also cut in half its planned capital spending but said production cost is expected hover near $25 a ton.

Nikkei Trades Down 1.1%, December Retail Sales Fall 0.3%

Hiruki Nakamura
29 Jan, 2015
New York City

Nikkei in Tokyo fell more than 1% after seasonally adjusted monthly retail sales slipped 0.3% in December. In addition, stocks fell after U.S. Fed in its statement cited weak global economic growth. Skymark Airlines plunged 25% after filing bankruptcy protection. Nintendo tumbled 8%.

Sensex in 7-Day Rally; Asian Paints, HDFC Bank, Just Dial Net Surge

Mukesh Buch
29 Jan, 2015
New York City

Asian Paints said net rose 15%. Alstom net and revenue declined. HDFC Bank net advanced 11%. Just Dial net increased 8% on 21% increase in revenues. Pidilite net soared 28%.

U.S. Stocks Turn Higher, Apple Shines on Earnings

Nichole Harper
28 Jan, 2015
New York City

Stocks on Wall Street traded sideways ahead of Fed decision on interest rate and oil prices extended weekly and losses in the year so far. European markets traded lower after market indexes in Athens plunged 9% and banks extended weekly losses to 44%.

Apple, Boeing, Yahoo Jump; AT&T Net Swings to a Loss

Mukesh Buch
28 Jan, 2015
New York City

Apple net surged 38% on 30% increase in revenues. AT&T net swung to a loss of $3.9 billion. Boeing profit jumped 19%. General Dynamics net soared 42%. Yahoo soared 109% and will spin off its remaining stake in Alibaba.

Topix in Tokyo at 7-Week High; Komatsu and Hitachi Construction Earnings Drop

Hiruki Nakamura
28 Jan, 2015
New York City

Stocks in Tokyo extended gains and Topix closed at a seven-week high and yen eased a little. Chugai Pharmaceutical said annual sales increased 8.8%. FujiFilm net in nine-month period surged. Hitachi Construction Machinery and Komatsu reported weakening earnings.

Hennes & Mauritz Net Surges, Johnson Matthey Sales Jumps

Nigel Thomas
28 Jan, 2015
New York City

Antofagasta production of gold and copper in fourth-quarter climbed. Hennes & Mauritz net surged 12%. Johnson Matthey sales jumped 5% to

Rate Hike Less Likely in Australian as Inflation Stays Below 2%

Marcus Jacob
28 Jan, 2015
New York City

Australian inflation measure dipped below 2% for the first time in 2-

Sensex Halts 6-day Rally; Adani Net Rises, Ranbaxy Net Loss Widens

Mukesh Buch
28 Jan, 2015
New York City

Adani Ports net rose 14%. GSFC net rose less than expected 2% on 11% rise in revenues. Maruti plans to set up three units in Gujarat. Ranbaxy net loss widened. Titan net rose 15% on 9% increase in revenues. L&T sold its iron unit to Australia-based Bradken Limited.

U.S. Indexes Drop 1.5% on Weak Earnings and Durable Goods Orders

Nichole Harper
27 Jan, 2015
New York City

Market indexes on Wall Street plunged more than 1.5% after disappointing durable goods orders and earnings from Caterpillar, Microsoft, United Technologies and Procter & Gamble. Oil and iron ore traded near six-year lows and euro and bonds in the euro zone were in focus.

3M, Du Pont Net Climb; Bristol-Myers, Pfizer, P&G Net Tumble

Mukesh Buch
27 Jan, 2015
New York City

3M net climbed 7% but sales fell 2%. Bristol-Myers net tumbled 98%. Caterpillar profit declined 25%. Corning net surged 135%. Du Pont revenues dropped 5%. Lockheed Martin net jumped 85%. Pfizer profit plummeted 52%. P&G net tumbled 31%.

Greek Debt Negotiation Stress Lift Bond Yields

Nigel Thomas
27 Jan, 2015
New York City

Bonds in the euro zone were in focus again after investors worried that Greek leaders may push for debt write-off opposed by European leaders.

European Markets Struggle; Ericsson, Novartis, Philips, Siemens Net Plunge

Nigel Thomas
27 Jan, 2015
New York City

Ericsson net plunged 35% to 4.2 billion kronor but sales rose 1%. Novartis net tumbled 26% to $1.5 billion and increase dividend for 2014. Philips net plummeted 68% to

Japan Stocks Near One-Month as Yen Weaken

Hiruki Nakamura
27 Jan, 2015
New York City

Stocks in Tokyo rebounded and the yen eased following market advance in Europe after European finance ministers showed willingness to negotiate with the newly elected Greek leader. Dai-ichi Life won the U.S. regulatory approval for the purchase of Protective Life.

Australian Dollar Drops as Iron Ore Plunges to a New 5-Year Low

Marcus Jacob
27 Jan, 2015
New York City

Australian market indexes traded higher in heavy volume and Aussie dollar continued its slide after iron ore prices fell to a new five-year low. Iron ore prices extended 55% losses in thirteen months on the rising production in Australia and softening demand in China.

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