Market Update

India Movers: Apollo Hospitals, Coal India, HCL, IPCA Lab, ONGC

Mukesh Buch
05 Sep, 2013
New York City

KKR led consortium is poised to invest as much as Rs 600 crore in Apollo Hospitals. Coal India signed supply contract with sixteen power projects. HCL secured contract from U.S.-based Direct Energy. ONGC endure to raise debt of $2.64 billion deal with Anadarko.

U.S. Movers: Ciena, Francesca, Ford, GM, Navistar, SAIC, Verint

Mukesh Buch
04 Sep, 2013
New York City

Ciena net loss narrowed and revenue climbed 14%. Francesca

U.S. Stocks Advance Ahead of Syria Vote, Trade Deficit Widened

Nichole Harper
04 Sep, 2013
New York City

U.S. stocks extended gains for the third day as political leaders prepare for a military strike against Syria on flimsy evidence and weak arguments. U.S. trade deficit in July widened to $39.1 billion. Euro zone economic growth was confirmed at 0.3%.

Europe Earnings: Ashtead, Iliad, ProSiebenSat, Ryanair, SAS

Nigel Thomas
04 Sep, 2013
New York City

Ashtead profit surged as revenue climbed 24%. Iliad chief executive officer sold its stake valued

Tokyo Indexes Extend 3-Day Rally, Sales Tax Talks Gather Momentum

Hiruki Nakamura
04 Sep, 2013
New York City

Market indexes in Japan gained for the third day in a row and the yen eased for the second. Shipping companies closed higher on positive comments from analysts. The Bank of Japan began its 2-day meeting today and sales tax increase talks gained momentum.

Economy Expands at 0.6% in Australia, Stocks Slip

Marcus Jacob
04 Sep, 2013
New York City

Australia

India Movers: Bhel, Gujarat Gas, Hanung Toys, Tata Motors, TCS

Mukesh Buch
04 Sep, 2013
New York City

Bhel won approval Bhart Heavy Plate and Vessels. Gujarat Gas singed pact with GSPC for gas supply. Hanung Toys withdrew stock split proposal. SKS Microfinance founder and key shareholder trim stakes. Tata Motors reconfirmed planned investment of $44.12 million.

U.S. Stocks Pare Gains After Leaders Support Syria Strike

Nichole Harper
03 Sep, 2013
New York City

U.S. stocks pared gains as investors react to merger deals and improving economic news from around the world. Market indexes in New York and Europe turned lower after more political leaders in the U.S. supported president

U.S. Movers: CBS, Jarden, Microsoft, Morgan Stanley, Verizon

Mukesh Buch
03 Sep, 2013
New York City

CBS climbed after a deal with Time Warner Cable. Jarden agreed to acquire Yankee Candle for $1.75 billion in cash. Microsoft agreed to buy handset business of Nokia for $7.2 billion. Morgan Stanley sued NCU Administration. Verizon increase dividend.

Australian Rates on Hold, Retail Sales Struggle

Marcus Jacob
03 Sep, 2013
New York City

Australian stocks closed higher and the Reserve Bank of Australia left its benchmark rate at 2.5%. Retail spending increased 0.1% in July and current account deficit in June quarter widened to $9.35 billion.

Nikkei Soars 3%, Utilities and Financials Advance in Tokyo

Hiruki Nakamura
03 Sep, 2013
New York City

Stocks in Tokyo gained on the latest improving economic data from China and Europe. Utility stocks advanced after Prime Minister offered financial assurance to contain Fukushima disaster and a panel said fault line below Osaka nuclear power plant is not active.

Europe Earnings: Dufry, Enel, Nokia, Wonga

Nigel Thomas
03 Sep, 2013
New York City

Dufry secured long-term contracts with airports in Brazil. Enel plans to revive hybrid bond sale to raise

India Movers: Diamond Power, Essar Oil, NTPC, Power Grid, SAIL

Mukesh Buch
03 Sep, 2013
New York City

Diamond Power secured orders worth $30.5 million. Essar Oil and ONGC are short-listed for $4.4 billion oil field license in Iraq. SAIL said August sales climbed 16%. Steel Strips August sales soared 16%.

Australian Indexes Surge, Manufacturing Extends Decline to 26th Month

Marcus Jacob
02 Sep, 2013
New York City

Australian indexes gained 1% and building approvals jumped nearly 11% in July. However, manufacturing activity in August dropped for the 26th month in a row. Rio Tinto shipped iron ore form the newly expanded port.

Europe: Vodafone and Verizon to Finalize Wireless Deal

Nigel Thomas
02 Sep, 2013
New York City

Peugeot said new cars registrations in France plunged 17% in August. Rio Tinto climbed after its Australia infrastructure expansion. Vodafone is expected to finalize today to 45% stake sell in Verizon Wireless.