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U.S. GDP Contracts on Deeper Winter Slowdown

Mukesh Buch
29 May, 2014
New York City

The U.S. gross domestic product in the first three months on 2014 declined at 1% annual compared to first estimate of 0.1% increase, the Commerce Department reported today.

Retail Sales in Japan Drop, Mitsubishi UFJ Acquires Fund Administrator

Hiruki Nakamura
29 May, 2014
New York City

The Nikkei Stocks Average gained in thin trading and the yen held firm below 102 against the U.S. dollar. April retail sales plunged 13.7%, after the announced sales tax increase brought forward sales in March. Mitsubishi UFJ agreed to acquire Bermuda based hedge fund administrator.

Iron Prices Drop to 20-month Low, Australian New Home Sales Rise 2.9%

Marcus Jacob
29 May, 2014
New York City

Australian market indexes closed lower and investors turned cautious after spot iron ore price dropped below $97 a ton. Australian private capital expenditure declined 4.2% and new home sales in April increased 2.9%.

India Movers: BPCL, Bajaj, Coal India, Escorts, Hero, Hindalco, IOC, Tata

Mukesh Buch
29 May, 2014
New York City

BPCL net declined 15% and IOC net plunged 35% despite higher government subsidies. Bajaj Electricals net swung to a loss. Coal India net plunged. Hero Motocorp profit slipped. Hindalco net declined 48%. NALCO profit dropped 30%.

Valeant Lift Allergan Offer and Sell its Skin Care Rights to Nestle

Mukesh Buch
28 May, 2014
New York City

DSW plunged on weak quarterly results. Toll Brothers quarterly net surged nearly three-fold. Valeant lifted takeover offer for Allergan and sold its skin care products right to Nestle for $1.4 billion in cash. Workday net loss widened.

S&P 500 Index at Record Intra-day High, Valeant Lifts Allergan Bid

Nichole Harper
28 May, 2014
New York City

U.S. stocks traded near flat line and investors looked ahead to GDP report tomorrow. Valeant lifted its offer for Allergan to $50 billion and increased cash portion. German unemployment increased for the first time in six months in May.

Europe Earnings: De La Rue, Glaxo, Origin Enterprises, Weir

Nigel Thomas
28 May, 2014
New York City

De La Rue profit climbed 25% to

Construction Companies Lead Nikkei's Advance in Tokyo

Hiruki Nakamura
28 May, 2014
New York City

Nikkei in Tokyo advanced and the year traded near 2-month high and construction companies were in focus on the expectations of city development tax incentives. Senko Co said annual sales and net income rose.

Australian Indexes Struggle Near 6-Year High

Marcus Jacob
28 May, 2014
New York City

Australian market indexes closed at six-year highs on the strength in banks. Precious metal miners declined after spot gold price dropped 2% to a three-month low. Qantas plans to eliminate 450 call centre jobs in Australia.

India Movers: Apollo, Havells, JSW Steel, Jet Airways, Oil India, SCI

Mukesh Buch
28 May, 2014
New York City

Apollo Hospitals net jumped 7%. Havells India profit climbed 25%. Hawkins net soared. JSW Steel net surged 63%. Jet Airways net loss widened. Oil India net and sales plunged. SAIL profit edged up. SCI surged after net swung to profit. Thermax profit dropped 8%.

Pilgrim

Mukesh Buch
27 May, 2014
New York City

AutoZone net climbed 7% and net sales jumped 6%. Bank of Nova Scotia profit surged 17%. Frontline net loss narrowed. Hillshire Brands received unsolicited offer from Pilgrim''s Pride for $5.7 billion. Intuit agreed to acquire Check Inc for $360 million.

Mergers Dominate Wall Street Trading, Durable Goods Orders Rise in April

Nichole Harper
27 May, 2014
New York City

Stocks on Wall Street opened higher and Pilgrim

Europe Earnings: Accor, AstraZeneca, A.G. Barr, Lloyds Banking, Ophir

Nigel Thomas
27 May, 2014
New York City

Accor agreed to acquire 100 hotels in Europe for

Stocks in Japan Rest, Mitsui Fudosan to Raise $3.6 Billion

Hiruki Nakamura
27 May, 2014
New York City

Stocks in Tokyo opened higher but market indexes trimmed the day

Australian Indexes Down on Suncorp Write-down

Marcus Jacob
27 May, 2014
New York City

Australian market indexes meandered in the session and trading turnover was near the low of the year so far. Suncorp announced a $500 million write-down and estimated difficult time for the industry. Donaco International plunged 10% on rising tensions in Vietnam.

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