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India Movers: Arvind, Bharti Infratel, JP Associate, Tata Power, Tata Steel

Mukesh Buch
25 Mar, 2014
New York City

Arvind Ltd struck a 49% stake in Calvin Klein business in India venture. EIL secured contract worth $40 million in Oman. JP Associate sold its 74% stake in Bokaro Cement. Tata Power schedules Rs 2,000 crore issue on March 31.

World Stocks Turn Lower on Weak Manufacturing and Russia Tensions

Nichole Harper
24 Mar, 2014
New York City

Stocks on Wall Street turned lower after manufacturing slowdown in the U.S. and China. Political leaders of NATO nations gathered in Europe to discuss latest situation in Ukraine and tensions with Russia.

Apple, Herbalife Rise; Gilead Sciences Falls

Mukesh Buch
24 Mar, 2014
New York City

Apple is in talks with Comcast for streaming-television service of its set-top box. Gilead Sciences slid after the lawmakers asked to justify the price of $84,000. Herbalife agreed for three more representatives of Carl Icahn.

Europe Earnings: BNP, Credit Suisse, The Co-op, Standard Life, Tesco

Nigel Thomas
24 Mar, 2014
New York City

BNP Paribas lifted its fiscal outlook for years to 2016. Credit Suisse agreed to pay $885 million to settle a U.S. regulator lawsuit linked to faulty mortgages. The Co-op plans to raise additional

Nikkei in Tokyo Advances 1.8%, Seibu Prepares for $1.8 Billion IPO

Hiruki Nakamura
24 Mar, 2014
New York City

Stocks in Tokyo closed higher after a 3-day weekend and despite a weakness in manufacturing sector in China. Automakers, electronics exporters and select banks led the gainers. Seibu Holdings in expected to raise as much as $1.75 billion in a public offering.

China Weakness Drags Australian Stocks, Macquarie Lifts Outlook

Marcus Jacob
24 Mar, 2014
New York City

Australian stocks traded lower after a private survey in China indicated larger than expected weakness in manufacturing sector. G8 Education Limited acquired Sterling Early Education for $228 million. Macquarie Group Limited lifted its annual earnings outlook.

India Movers: BHEL, Federal Bank, Geometric, Reliance, TRIL, Trent

Mukesh Buch
24 Mar, 2014
New York City

BHEL secured a large contract worth Rs 3,000 crore from NTPC. Federal Bank received approvals to increase foreign investment stake up to 74%. IIFL completed sale of its stake in two Sri Lankan subsidiaries. RIL increase gas price from April.

Alibaba to Raise $15 B in IPO; Sears, CBS, Chesapeake to Spin Off Units

Mukesh Buch
17 Mar, 2014
New York City

CBS plans to spin off its outdoor advertising unit. CHS agreed to acquire selected Canadian retail assets of Crop Production Services. Chesapeake to separate its oilfield services business. Sears board approved to spin-off its Lands'' End business.

Toyota Temporarily Shuts India Unit, Alibaba to List in New York

Hiruki Nakamura
17 Mar, 2014
New York City

Stocks in Tokyo traded lower after investors focused on rising tensions in Ukraine. Crimea voted to split from Ukraine with 97% of voting in favor. EU foreign ministers impose sanctions and travel bans on 21 Russians in retaliation. Alibaba plans to list its stock in New York.

Australian Vehicle Sales Fall, BHP Reaffirms Dividend Plan

Marcus Jacob
17 Mar, 2014
New York City

Australian market indexes turned lower after choppy trading on the rising tensions in Crimean peninsula in Ukraine. Australian vehicle sales in February declined 3.5% from a year ago February 93,000. BHP reaffirmed its plan to return $6 billion as dividend in 2015.

Europe Earnings: Allianz, Bourbon, Linde, RWE, UniCredit, Vodafone

Nigel Thomas
17 Mar, 2014
New York City

Allianz agreed to acquire insurance business of UnipolSai for

FactSet Rises, DSW Falls; Hertz to Spin Off Equipment Rental Unit

Mukesh Buch
18 Mar, 2014
New York City

DSW net jumped 4% but sales dropped 4%. FactSet net climbed 18% to $52 million and lifted outlook. FutureFuel surged after profit and sales climbed. GameStop dropped after Wal-Mart launched a plan to accept used videogames in exchange for store gift cards. Hertz loss narrowed.

Europe Earnings: Antofagasta, Asos, Cairn Energy, J Sainsbury, Kuoni

Nigel Thomas
18 Mar, 2014
New York City

Antofagasta net tumbled 36% on revenues drop of 11%. Asos, the U.K. based online retailer said revenue in two-month to February surged less than expected 26%. Cairn Energy said net in the year swung to a loss. J Sainsbury said sales dropped. Kuoni net swung to a profit.

India Movers: Amtek India, Infosys, Polaris Financial, SBI, UBI, Zensar

Mukesh Buch
18 Mar, 2014
New York City

Amtek India acquired Germany-based Kuepper Group. Polaris Financial decided to spin off its products business. Zensar won multimillion dollar deals in the United States and Europe.

RBA Reiterated Rate Outlook, David Jones to Review Myer Merger

Marcus Jacob
18 Mar, 2014
New York City

Australian market indexes closed higher after the release of latest RBA minutes of meeting. The policy committee reiterated it low interest rate outlook for the foreseeable future and cited weak labor market conditions and weakening foreign exchange rates.

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