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Japanese Government Prepares for Back Up Stimulus Plan

Hiruki Nakamura
05 Sep, 2014
New York City

Japanese stocks closed lower and the reference index Topix struggled to wipe out losses of the year as the yen dropped to a four-year low. Finance Minister Taro Aso said a back plan for stimulus will be prepared to smooth over the April sales tax increase.

Smaller Mining Companies in Australian Plunge on Falling Iron Ore Price

Marcus Jacob
05 Sep, 2014
New York City

Australian stocks extended weekly losses as iron ore prices hit five-year low and thermal coal drops to a four-year low. Sustained decline in Chinese property market is causing several traders to liquidate inventories in Shanghai. Smaller Australian mining companies are struggling to contain costs.

European Bond Yields Turn Negative After Surprise ECB Rate Cut

Nichole Harper
04 Sep, 2014
New York City

Market indexes in New York and across Europe traded higher after the European Central Bank unexpectedly cut interest rate and signaled willingness to purchase

Mattress Firm Acquires Sleep Train, Ciena Plunges on Sales Outlook

Mukesh Buch
04 Sep, 2014
New York City

Ciena net swung to profit on 12% revenue increase. Joy Global net tumbled 61% and sales plunged 34%. Mattress Firm net rose and agreed to acquire private rival Sleep Train chain for $425 million. PVH net swung to profit. UTi Worldwide soared despite loss widened.

Bank of Japan Reaffirmed Monetary Stimulus Commitment

Hiruki Nakamura
04 Sep, 2014
New York City

Stocks in Japan eased and the yen pared gains after the Bank of Japan reaffirmed its pledge to expand monetary base at an annual pace between $600 billion and $700 billion. Expectations of GPIF overhaul increased after the appointment of reform minded Shiozaki as the new minister.

Standard Life Sells Canadian business for

Nigel Thomas
04 Sep, 2014
New York City

Bilfinger plunged after revised lowered outlook for third time in three months. Go-Ahead profit surged 55% to

Australian Trade Deficit Falls, Retail Sales Rise in July

Marcus Jacob
04 Sep, 2014
New York City

Australian indexes declined nearly 0.5% and the Aussie dollar eased despite a positive retail sales report. Trade deficit in July shrank more than expected to $1.36 billion and retail sales in the month rose 0.4%, ahead of expectations.

India Movers: Balkrishna, DCM, Mysore Paper Mills, PNB

Mukesh Buch
04 Sep, 2014
New York City

Balkrishna Ind net jumped 13% and net sales surged 17%. DCM net swung to a loss but revenue climbed 8%. Mysore Paper Mills dropped after net loss widened. Punjab National Bank raised Rs 500 crore through a bond offering. United Spirits fell after net swung to a big loss.

Chrysler Leads August Auto Sales Growth, Compuware in $2.5 B Deal

Mukesh Buch
03 Sep, 2014
New York City

Compuware to acquired Thoma Bravo for $2.5 billion. CVS Caremark stops selling cigarettes from today. Chrysler leads U.S. auto sales in August with the surge of 20%, Ford sales rose 0.4% and GM sales fell 1%. Toyota sales jumped 6%.

Auto Sales and Factory Orders Lift U.S. Growth Outlook

Nichole Harper
03 Sep, 2014
New York City

Stocks in New York and in Europe traded higher after Russia and Ukraine sought to end violence. The apparent agreement is expected to find a political settlement with the leaders of eastern Ukraine and end violence. U.S. auto sales surged led by 20% sales increase at Chrysler.

Hermes, LVMH Settle 4-year Dispute; United Internet to Buy Versatel

Nigel Thomas
03 Sep, 2014
New York City

Ashtead Group profit surged 23% to

Australia's GDP Growth Slows to 0.5% in June Quarter

Marcus Jacob
03 Sep, 2014
New York City

Australian economic growth in June quarter slowed to an increase of 0.5% from the previous quarter and rose 3.1% from a year ago. Service industry growth continued to slow in August and iron ore price declined to a two-year low.

3-day Rally Lifts Nikkei to January High

Hiruki Nakamura
03 Sep, 2014
New York City

Nikkei index in Tokyo gained for the third day in a row and increased to a high not seen since January and the yen declined to an eight month low. Prime Minister Shinzo Abe is expected to shakeup cabinet and appoint a reform minded minister that may lead to overhaul of GPIF.

Eicher Domestic Sales Surge 66%, NMDC Production Rises 12%

Mukesh Buch
03 Sep, 2014
New York City

Eicher Motors August sales climbed 66%. Era Infra Engineering secured construction contract from Airport Authority of India. Elder Pharma net surged but revenue declined 33%. NMDC production and sales climbed.

World Markets Pause on Escalating War of Words Between Russia and Europe

Nichole Harper
02 Sep, 2014
New York City

Stocks across Atlantic paused the advance after war of words escalated between Russian president Vladimir V Putin and European leaders ahead of NATO summit on Thursday.

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