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Australian Indexes Extend Weekly Gain to 1.1%

Marcus Jacob
07 Mar, 2014
New York City

Australian market indexes gained and rose 1.1% in the week. Rio Tinto is preparing to make an offer for the remaining 49.2% stake in Turquoise Hill Resources. Israel continues to vacillate on its tax policy for natural gas exports and Woodside may drop its bid for an offshore field.

India Movers: Central Bank of India, Era Infra, Prism, RCom, Sadbhav Eng

Mukesh Buch
07 Mar, 2014
New York City

Central Bank of India sold its entire stake in Credit Information Bureau to Transunion. Era Infra Eng won contracts worth Rs 128 crore. Prism Cement surged after commencing coal production. RCom plans to raise capital to fund its expansion plans.

ECB Holds Record Low Rate and Estimates Higher Inflaiton

Nigel Thomas
06 Mar, 2014
New York City

European Central Bank left its key lending rate on hold at a record low of 0.25% and the central bank is running out of options to stimulate the economy further.

U.S. Extends World Markets Advance

Nichole Harper
06 Mar, 2014
New York City

U.S. indexes extended world markets advance and the yen, the euro and the ruble turned lower against a dollar. European Central Bank left its key lending rate at record 0.25%. Staples plans to close 12% of retail stores and sales decline for the fifth quarter in a row.

Staples to Close 225 Stores, Kroger Debt Rises

Mukesh Buch
06 Mar, 2014
New York City

Ciena net loss in the quarter narrowed. Costco net declined 15% but sales climbed 6%. Joy Global net plunged 66%. Kroger profit dropped 9%. Pinnacle Foods net soared 27%. Staples net surged and plan to close up to 225 stores to save $500 million.

Europe Earnings: Bouygues, Schroders, Stobart, STV, Unite Group

Nigel Thomas
06 Mar, 2014
New York City

Bouygues offered

Nikkei in Tokyo Jumps 1.6%, ANA Wins Tokyo Downtown Airport Slots

Hiruki Nakamura
06 Mar, 2014
New York City

Market averages in Tokyo closed higher and the yen eased. The situation in Ukraine appeared to not worsen any more after the European Union cobbled together $15 billion in aid and held out a warning for Russian sanctions. ANA Holdings won 11 new daytime slots from Tokyo downtown airport.

Australian Trade Surplus at Two-Year High, Retail Sales Rise

Marcus Jacob
06 Mar, 2014
New York City

Australian indexes in choppy trading lacked direction and traded near flat line. Retail sales in January increased 1.2% and trade surplus in the month increased to a seasonally adjusted $1.43 billion, largest since August 2011.

India Movers: AstraZeneca, Glaxo, IL&FS, Ramco Systems, Tata Power

Mukesh Buch
06 Mar, 2014
New York City

AstraZeneca plunged 9% after drug maker differed its delisting plan. IL&FS to issue debentures worth Rs 100 crore. Ramco Systems signed a pact with Malaysia Airlines for 5-years. Tata Power plans a rights issue to raise Rs 2,000 crore.

Federal Signal, Gentherm Rise; Canadian Solar, Revlon Fall

Mukesh Buch
05 Mar, 2014
New York City

Canadian Solar net swung to a profit after sales surged 76%. Federal Signal net surged to $27 million. Hovnanian said net loss in the quarter widened. Memorial Production net jumped and acquired certain assets in East Texas. Revlon net swung to a loss.

Europe Earnings: Adidas, Carillion, Legal & General, Standard Chartered, Soco

Nigel Thomas
05 Mar, 2014
New York City

Adidas net surged 49% to

U.S. Stocks in Holding Pattern, EU Offers $15 B Loans to Ukraine

Nichole Harper
05 Mar, 2014
New York City

Stock on Wall Street lacked direction as foreign ministers of U.S. and Russia meet in Paris. The latest private sector jobs and service sector growth data may have been impacted more than estimated by harsh weather. The IMF urged the ECB to provide more financial liquidity.

Nikkei in 2-Day Rally, Fast Retailing Hong Kong Listing Soars 7%

Hiruki Nakamura
05 Mar, 2014
New York City

Indexes in Japan traded higher for the second day in a row and the yen eased after investors hoped tensions between Russia and Ukraine will ease. Fast Retailing saw its stock listing soared 7% on the first day in Hong Kong. Bank of Japan said monetary base expanded at a record 1.9% in February.

India Movers: Autoline, Alstom, Glaxo, PNB, RCom, TCS, UPL

Mukesh Buch
05 Mar, 2014
New York City

Autoline Industries is looking to sell its U.S. subsidiary. Alstom won contract worth

Australian Indexes at a New 5-Year High, Miners in Focus

Marcus Jacob
05 Mar, 2014
New York City

Australian market indexes closed at a new five-and-a-half year high after December quarter growth was ahead of expectations and hopes of tensions easing in Ukraine. Iron ore miners were in focus on the expectations of a revival in merger deals.

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