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Australian Earnings in Focus; M2 Lifts Outlook, Losses at Boart Longyear

Marcus Jacob
26 Aug, 2013
New York City

Australian resource stocks closed higher after gold touched a 3-month high. Earnings were in focus and Boart Longyear swung to a loss. Caltex Australia reported bumper first-half profit. M2 Telecom Group lifted full-year outlook. NIB Holdings annual net eased.

India Movers: GAIL, HPL, IDFC, Jindal, McNally, ONGC

Mukesh Buch
26 Aug, 2013
New York City

GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.

Nikkei in Tokyo Jumps 2.2% on Weaker Yen

Hiruki Nakamura
23 Aug, 2013
New York City

Nikkei index in Tokyo jumped 2.2% and electronics makers and automobile companies led the gainers as the yen declined to one-month low. Tokyo Electric Power declined 5% after the government demanded secured water tanks to store radioactive water.

Australian Earnings Lift Indexes; Crown, Lend Lease, Mirvac, Sims in Focus

Marcus Jacob
23 Aug, 2013
New York City

Stocks in Australia closed higher and investors digested a flood of earnings. Billabong received a revised takeover offer from a consortium of investors. Crown Limited said annual net income increased 23%. Lend Lease annual income increased 10%.

U.S. Movers: Autodesk, Dollar Tree, Gap, Nordson, Ross Stores

Mukesh Buch
23 Aug, 2013
New York City

Autodesk net slid 4% and sales fell 1%. Dollar Tree net jumped 5% and Foot Locker net climbed 12%. Gap net surged 20%. Nordson profit fell 3% but sales jumped 6%. Ross Stores net climbed 17%.

Europe Earnings: Afren, Bachem, Flsmidth

Nigel Thomas
23 Aug, 2013
New York City

Afren profit tumbled 21.1% but revenue grew. Bachem net surged 43% to 10.4 million francs as sales climbed 7%. Flsmidth said profit for the quarter plunged 36% as order intake declined 22% but revenue jumped 14% and the company lowered its fiscal outlook.

India Movers: Bajaj, Hexaware, NHPC, Reliance Infra, Sun Pharma

Mukesh Buch
23 Aug, 2013
New York City

Bajaj Corp agreed to acquire Nomarks to enter skin care market. Baring Private Equity acquired 42% stake of Hexaware for $400 million. NHPC plans to buy back shares worth Rs 1,600 crore.

U.S. Movers: Abercrombie, Buckle, Cato, Sears, Hewlett-Packard, Semtech

Mukesh Buch
22 Aug, 2013
New York City

Abercrombie & Fitch net plunged 33% and Buckle net slid 2%. Cato net swung to a loss. Children''s Place and Sears Holdings net loss widened. Hormel Foods net fell 1% to $113.6 million. Hewlett-Packard swung to a profit $1.4 billion.

U.S. Stocks Advance on Jobless Claims, Manufacturing Reports

Nichole Harper
22 Aug, 2013
New York City

U.S. stocks advanced after manufacturing reports at home and in China showed an advance. Initial jobless claims rose 13,000 but 4-week average declined. Sears net loss widens and Abercrombie net plunged 33%. HP net swung to quarterly profit.

Europe Earnings: Carillion, IMI, Premier Oil, Rockhopper

Nigel Thomas
22 Aug, 2013
New York City

Carillion profit soared 9% and agreed to acquire Analytical Flow Products for

Nikkei Trims Early Losses on China Data and Weaker Yen

Hiruki Nakamura
22 Aug, 2013
New York City

Stocks in Tokyo closed lower and in weak trading volume and investors focused on improving manufacturing data from China and ongoing concern about the early withdrawal of stimulus in the U.S.

Australian Indexes Fall in Heavy Volume, Fortescue Beats Expectations

Marcus Jacob
22 Aug, 2013
New York City

Trading volume on Australian exchanges recovered near the high for the year after earnings reports from Fortescue Metals, Origin Energy, Seven West Media, Tatts Group and Toll Holdings. Fortescue reported a sharp jump in sales and earnings.

India Movers: Bajaj, Jaiprakash, L&T, NMDC, Reliance Industries

Mukesh Buch
22 Aug, 2013
New York City

Bajaj Corp agreed to acquire Nomarks from Ozone Ayurvedics. Ind-Swift net loss narrowed. Jaiprakash Associates plans to sell a stake in its cement unit to UltraTech Cement. L&T secured orders valued Rs. 1,504 crore. Reliance finalizes terms for $1.75 billion foreign loans.

Fed Minutes Show Support for Tapering Timeline

Nichole Harper
21 Aug, 2013
New York City

U.S. indexes briefly rebounded after the release of Fed statement that showed a broad support for the stimulus tapering timeline. Indexes however dipped back near the low of the day. U.S. Treasury yields traded sideways. European market indexes fell. Rupee led the emerging market currency plunge.

Volatile Trading Persists in Tokyo, Tepco Plunges

Hiruki Nakamura
21 Aug, 2013
New York City

Stocks in Tokyo declined in lackluster trading and volume on stock exchange hovered near the yearly low. The yen weakened. Tepco, the owner and operator of crippled Fukushima Dai-Ichi nuclear power plant may seek overseas help to arrest contaminated water leak.

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