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Telecom Italia Seeks Tower Unit Listing, Nomad and Iglo in Merger Talks

Nigel Thomas
04 Jun, 2015
New York City

Market indexes across the euro zone were on the defensive after a persistent sell-off in bond markets. Nomad is in talk to acquire Iglo Foods for

Rakuten in Japn to Raise $1.6 B, Softbank to Invest $1 B in Coupang

Hiruki Nakamura
04 Jun, 2015
New York City

Nikkei average in Tokyo rebounded after two days of losses and traders were cautious. Online retailer Rakuten announced a stock offering of $1.6 billion to repay debt. In addition, Softbank said it plans to invest $1 billion in South Korea based online retailer Coupang.

Australian Trade Deficit Soars, Retail Sales Stall

Marcus Jacob
04 Jun, 2015
New York City

Australian trade deficit tripled after coal and iron ore shipments lagged on inclement weather conditions in April. In the month, exports declined 6% and imports rose 4%. In addition, retail sales stalled in the month.

Sensex Weakness Persists, Bharti in $1 B Global Bond Offering

Mukesh Buch
04 Jun, 2015
New York City

Bharti plans to raise up to $1 billion through a global bond offering. The Reserve Bank of India lifted foreign investor limit to 40% in Adani Ports. Eicher Motors said Sweden-based Volvo AB plans to sell its 3.7% stake.

Wall Street Powers Ahead; U.S. Trade Deficit Shrinks, Confident ECB

Nichole Harper
03 Jun, 2015
New York City

Stocks on Wall Street jumped but struggled to hold advances after the U.S. trade deficit in April shrank. ECB reaffirmed its commitment to complete the unprecedented bond purchase program and said economy in the euro zone is healing.

Optimism Prevails in Tokyo, Nikkei and Yen Step Back

Hiruki Nakamura
03 Jun, 2015
New York City

Nikkei in Tokyo edged lower for the second day in a row and the yen traded above the 12-year low as investors booked profits. Traders and investors are looking for more corporations to increase profit sharing and higher dividend pay outs.

G-III, Guess, NCI Building Climb; Vera Bradley Tumbles

Mukesh Buch
03 Jun, 2015
New York City

Ambarella net climbed more than two-fold. Brown-Forman profit jumped 6% to $140 million. G-III Apparel net soared more than four-fold after sales soared 18%. Guess net swung to profit but revenues declined 8%. NCI Building net loss widened. Vera Bradley net swung to a loss.]

Australian Economic Growth Ahead of Expectations

Marcus Jacob
03 Jun, 2015
New York City

Australian dollar gained after economy expanded at faster-than-expected rate in the first-quarter. Domestic consumption led the economic expansion however business investment remained weak.

ECB Reaffirmed Easing Commitment, Outlook Unchanged

Nigel Thomas
03 Jun, 2015
New York City

ECB reassured its commitment to bond purchase program and said outlook is unchanged from March and admonished markets to get used to higher volatility. Accor plans to invest

Sensex in India Extends Losses, Rupee Weakened

Mukesh Buch
03 Jun, 2015
New York City

Market indexes extended losses in Mumbai and rupee weakened after the Reserve Bank of India turned cautious and on delayed monsoon season. Apollo Hospitals acquired majority stake in Assam Hospitals. L&T received an order from Indian Navy to build a floating dock.

S&P 500 Rebounds from 0.7% Loss, Euro Advances

Nichole Harper
02 Jun, 2015
New York City

Market indexes on Wall Street gyrated and the euro advanced against the dollar and investors awaited outcome of the protracted Greek negotiations. Auto industry sales increased in May was led by Chrysler with 4% increase followed by 3% sales gain at GM.

Nikkei Halts 12-Day Rally, Yen Trade Sideways

Hiruki Nakamura
02 Jun, 2015
New York City

Nikkei in Tokyo halted a 12-day rally and yen traded sideways following mixed closings in New York and in Europe. Japan Tobacco

Elekta Net tumbles 52%; First Derivatives, Wolseley Profit Climb

Nigel Thomas
02 Jun, 2015
New York City

British American Tobacco

Chrysler, GM May Sales Soar, Ford Sales Drop

Mukesh Buch
02 Jun, 2015
New York City

Conn''''s net tumbled 45%. Cracker Barrel profit surged 23%. Dollar General net soared 14%. Delta Air Lines May traffic jumped 3%. Ford May sales slid 1% but Fiat Chrysler sales climbed 4% while GM sales rose 3%. Medtronic net swung to a loss. PVH net surged more than two-fold.

Sensex in India Plunges 2.3% on Inflation Outlook

Mukesh Buch
02 Jun, 2015
New York City

Sensex in Mumbai plunged more than 2% after Reserve Bank of India cited rising inflation risks and suggested that the latest rate cut may not be followed with additional cuts. Hero MotoCorp, Bajaj Auto and M&M sales decline. Tata Motors total sales jumped 5%.

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