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Nippon Life Raises RCapital AM Stake; MRF, Siemens Net Soar

Mukesh Buch
26 Nov, 2014
New York City

GMR Infrastructure issued lowest bidder for freight corridor project worth Rs 5,080 crore. FTIL agreed to sell its 5% stake in MCX. MRF and Siemens quarterly net surged. Nippon Life Insurance agreed to raise its stake from 26% to 49% in Reliance Capital Asset Management.

U.S. GDP Growth Revised Higher to 3.9% as Global Economies Slowdown

Nichole Harper
25 Nov, 2014
New York City

September quarter economic growth in the U.S. was increased to annual rate of 3.9% from the previous estimate of 3.5% on higher spending by consumer and businesses. German economy expanded at 0.1% in the third quarter and European markets closed at a 2-month high.

Tiffany Net Plunges 60%, Cracker Barrel Lifts Outlook

Mukesh Buch
25 Nov, 2014
New York City

Campbell Soup net surged 36%. Cracker Barrel profit climbed 25% after comparable store sales jumped 6% and the restaurant operator lifted annual outlook. Pall Corp net soared 24%. Tiffany net tumbled 60% despite revenues and comparable sales rose. Valspar net soared 70%. Workday net loss widened.

Medibank IPO in Sydney Raises $5.9 Billion

Marcus Jacob
25 Nov, 2014
New York City

Medibank Private completed initial public offering and raised $5.9 billion. Stocks in Sydney traded lower after iron ore, gold and crude oil prices edged lower. Brickworks Limited said fiscal first quarter revenues rose 14%.

Paragon Net Surges; Kingfisher Tumbles on Weak Revenues

Nigel Thomas
25 Nov, 2014
New York City

Caledonia Investments net jumped 170% to

Bharti Sells Telecom Towers in Nigeria for $1 B

Mukesh Buch
25 Nov, 2014
New York City

Ashok Leyland divested 32% stake in its subsidiary Hinduja Tech. Amtek Auto plans to acquire three foreign companies. Bharti Airtel agreed to sell 4,800 telecom towers in Nigeria for $1 billion. Rcom plans to raise $255 million to refinance overseas loans.

World Markets Advance on Central Bank Expectations

Nichole Harper
24 Nov, 2014
New York City

U.S. and European market indexes advanced and built on gains of last week. Crude oil, gold and copper traded with a negative bias. Markets in Europe gained after a private survey showed improved business climate in Germany.

Visteon in Korea Deal, RenaissanceRe Acquires Platinum for $1.9 B

Mukesh Buch
24 Nov, 2014
New York City

BioMarin Pharma agreed to acquire Prosensa Holding for $840 million. Navios Maritime net loss widened. RenaissanceRe Holdings agreed to buy rival Platinum Underwriters for about $1.9 billion. Visa expected to pay $10 billion to acquire the London-based Visa Europe.

Aviva in

Nigel Thomas
24 Nov, 2014
New York City

Aviva agreed to acquire rival Friends Life for

Australian Indexes Soar 1.1%, BHP on Track to Split in Six Months

Marcus Jacob
24 Nov, 2014
New York City

Australian indexes soared more than 1% after China unexpectedly lowered interest rate. Resource companies led the market advance and BHP said it is on track to complete the company split in the first-half of 2015. ALS Limited, the mineral testing company, reported better-than-expected profit.

Adani Acquires Korba West, Indiabulls to Buy Voltas Land in Mumbai

Marcus Jacob
24 Nov, 2014
New York City

Adani Power to acquired Korba West Power for Rs 4,200 crore. Astral Poly Tech acquired 76% stake in Resinova. Indiabulls emerged as the highest bidder for land parcel of Voltas for Rs 236 crore or $40 million. Patel Engineering quarterly net fell 67%.

U.S. and Europe Markets Advance on China Rate Cut and ECB Inflation Stance

Nichole Harper
21 Nov, 2014
New York City

Markets in Europe and New York advanced after China unexpectedly cut interest rates and the European Central Bank President Mario Draghi hinted of new measures to accelerate inflation at a faster pace.

Ross Stores and Foot Locker Sales Rise, Gap Sales Flat

Mukesh Buch
21 Nov, 2014
New York City

Ann net plunged 27%. Autodesk net tumbled 81% but revenues soared 11%. Blackstone agreed to acquire Japan-based residential assets from GE for $1.6 billion. Foot Locker profit surged 15%. Gap net jumped 4%. Intuit net loss widened while revenues climbed 8%.

Rolls-Royce Wins

Nigel Thomas
21 Nov, 2014
New York City

Carrefour received French regulatory approval to acquire more than 800 Dia France stores. Dee Valley profit surged 20% on 4% increase in revenues. Ophir agreed to acquire Salamander Energy. Rolls-Royce won order worth

Japan Heads of Early Elections in December as Economy Struggles

Hiruki Nakamura
21 Nov, 2014
New York City

Prime Minister Shinzo Abe dissolved Japanese parliament and set early snap election for the lower house in December. Finance Minister Taro Aso said the decline in yen this week had been too quick. The yen closed at the weakest level since August 2007.

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