ticker

Topix in Tokyo Extend 3-day Losses; Hakuhodo, Meiko in Focus

Hiruki Nakamura
09 Jul, 2014
New York City

Stocks in Tokyo declined for the third day in a row led by the decline in cargo shipping companies and financial brokers. New vehicle tire sales in Japan increased 4.5% in June. Meiko Network Japan said third quarter revenues increased 3.2%.

Australian Indexes Drop 1%

Marcus Jacob
09 Jul, 2014
New York City

Australian stocks dropped 1% following weak international markets. Resolute Mining Limited said gold production in financial year was 342,773 ounces, less than estimated. Aurizon Holdings and Baosteel inched closer to acquire Aquila Resources.

GMR Infra, Bank of Baroda Complete Offering; Infosys Net Drops 11%

Mukesh Buch
09 Jul, 2014
New York City

Bank of Baroda issued fixed rate senior unsecured notes of $250 million. GMR Infra raised Rs 1,477 crore through a secondary offering. Infosys net profit expected to decline 11%. Indusind Bank profit surged 26%. SpiceJet offered one million seats at a deep discount price.

U.S. Indexes Decline on Internet and Biotech Stocks Retreat

Nichole Harper
08 Jul, 2014
New York City

Stocks on Wall Street edged lower ahead of earnings season and worries linked to stretched valuation. AbbVie revised its offer for UK listed Shire Plc for the third time and offered $51 billion.

AbbVie Revised Shire Offer; Delta Air, Zogenix Decline

Mukesh Buch
08 Jul, 2014
New York City

AbbVie revised its takeover offer for $51.5 billion after rejecting of three previous offers. Delta Air Lines reduced its flights on dispute with Venezuela. Macquarie Infrastructure agreed to acquire the remaining 50% stake of Intl-Matex Tank Terminals for $1 billion.

Japan Current Account Surplus Surges in May

Hiruki Nakamura
08 Jul, 2014
New York City

Stocks in Tokyo closed lower and the yen traded nearly unchanged. Japan

Air France Plunges 9% on Outlook, Shire Received Third Revised Offer

Nigel Thomas
08 Jul, 2014
New York City

Air France plunged after weak fiscal outlook. Marks and Spencer first-quarter sales jumped 2.3%. Monitise lowered its revenue forecast. Shire received third takeover offer from AbbVie. SIG said sales climbed 6.5% to

Australian Stocks Trade in Tight Range

Marcus Jacob
08 Jul, 2014
New York City

Australian market indexes closed down after trading in a narrow range. Trading volume was weak even though banks and resource stocks dominated the session. Aristocrat Technologies raised $375 million for its $1.4 billion bid to acqure Video Gaming Technologies.

India Movers: Cipla, Hero Motocorp, ICRA, NMDC, RIL, Shasun Prama

Mukesh Buch
08 Jul, 2014
New York City

Cipla plans to invest up to

On Merger Monday U.S. Stocks Rest After a Week of Surge, Dollar Eases

Nichole Harper
07 Jul, 2014
New York City

Stocks on Wall Street traded lower led by a fall in small cap stocks. Monday merger led to more deal announcements in the U.S. and Europe. ADM agreed to acquire Wild Flavors for $3 billion. Argentina enters in talks with bond holders.

Nikkei in Tokyo Eases 0.4%; FamiliyMart Jumps 4%, Aeon Plunges 5%

Hiruki Nakamura
07 Jul, 2014
New York City

Stocks in Tokyo eased and market indexes turned lower after a week of advance led by a decline in resource and retail stocks. FamilyMart jumped 4.5% after Itochu plans to increase its stake to 37% before the end of current fiscal year. Aeon dropped 5% after quarterly net plunged.

Market Update