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Australian Indexes Extend Weekly Loss to 2.7% on Weak Iron Ore Prices

Marcus Jacob
21 Nov, 2014
New York City

Australian market indexes extended weekly drop to 2.7% after the iron ore price dropped below $71 a ton. Australian dollar struggled but energy companies advanced after the crude oil futures gained more than 1%.

Kotak Mahindra to Acquire ING Vysya for $2.5 B

Mukesh Buch
21 Nov, 2014
New York City

JM Financial received an investment of Rs 540 crore. Kotak Mahindra agreed to acquire ING Vysya for $2.5 billion. L&T and Japan-based Sojitz won railway electrification contract worth Rs 2,633 crore. Tech Mahindra acquire U.S.-based LCC for $240 million.

Indexes on Wall Street Advance on Home Sales and Jobless Claims Data

Nichole Harper
20 Nov, 2014
New York City

Market indexes on Wall Street recovered from early doldrums after investors shifted focus from Europe and China to U.S. economic data. Initial claims of jobless stayed below 300,000 for the tenth week in a row. Sale of existing homes increased 1.5% in October.

Best Buy, Dollar Tree Soar; Donaldson, Salesforce Drop

Mukesh Buch
20 Nov, 2014
New York City

Buckle reported net flat. Best Buy net nearly double on 2.2% increase in comparable sales. Brady net plunged 43%. Cyberonics net climbed 25% on 5% increase in revenues. Dollar Tree profit rose 6%. Donaldson net climbed 9%. L Brands profit surged 42%. Salesforce net loss narrowed.

Technip Offers

Nigel Thomas
20 Nov, 2014
New York City

Babcock Intl net surged 25% to

Australian Dollar Weakenes on Lower Iron Ore Prices

Marcus Jacob
20 Nov, 2014
New York City

Australian market indexes declined on the persistent weakness in the iron ore price. Commodities and base metals fell dragging lower the smaller mining companies. Australian dollar weakened to 85.91 U.S. cents.

Kotak Mahindra Net Climbs 23%, IL&FS Wins Two Contracts

Mukesh Buch
20 Nov, 2014
New York City

Alok Industries sold a land parcel for Rs 2,000 crore and use proceeds to reduce debt. IL&FS won two contracts worth Rs 239.6 crore from Paschimanchal Vidhyut Vitran Nigam. Kotak Mahindra quarterly net soared 23%. NTPC plans to set up 2,400 megawatt thermal power plant in Odisha.

U.S. Fed Remains Optimistic Of Domestic Economic Expansion

Nichole Harper
19 Nov, 2014
New York City

Market indexes on Wall Street traded sideways after the Fed released latest minute of meeting. Majority of Fed policy makers held positive view on the steady economic expansion and felt that the current weakness in the international economies will have limited impact on the domestic growth outlook.

Japan Struggles to Revive Aggregate Demand

Hiruki Nakamura
19 Nov, 2014
New York City

Stocks in Japan and the Nikkei and Topix index advanced and the yen edged lower. Investors pinned hope on the new round of economic stimulus but the Bank of Japan and government struggle to increase aggregate domestic demand.

Decline in Iron Ore and Oil Prices Dragged Australian Stocks Lower

Marcus Jacob
19 Nov, 2014
New York City

Australian market indexes accelerated decline in the afternoon and smaller resource companies led the losers. The Aussie dollar traded down however a private survey indicated positive outlook on the economic growth.

KKR and Clayton in $7.5 B Deal with PetSmart

Mukesh Buch
19 Nov, 2014
New York City

PetSmart net flat and KKR and Clayton plans to bid for $7.5 billion. Smucker net jumped 3% but revenues dropped 5%. Lowe''s profit surged 17%. La-Z-Boy net climbed 17%. Staples profit soared 60% and sales fell 3%. Stage Stores net loss narrowed. Target net jumped 3%.

Royal Mail Net Tumbles 90%, Intertek Plunges on Weak Outlook

Nigel Thomas
19 Nov, 2014
New York City

Arkema launched a rights issue to rise

HCL Tech Net Soars 32%, Gammon Infra Net Swings to Profit

Mukesh Buch
19 Nov, 2014
New York City

GAIL signed gas-supply agreement with U.S.-based Cheniere Energy. Gammon Infra quarterly net swung to profit. HCL Tech net soared 32%. Info Edge plans to invest Rs 185 crore in Zomato Media. Power Grid approved two projects worth Rs 1,000 crore.

Indexes on Wall Street Reach New Highs

Nichole Harper
18 Nov, 2014
New York City

Tollbooth Index jumped to record high after a broad rally in market was led by healthcare stocks. S&P 500 and Dow Jones closed at records as well. Crude oil fell 1.4% and gold gained 1.2%. Retailers were in focus after Home Depot reported better-than-expected earnings.

Japan Dissolves Parliament, Volatile Nikkei Surges 2%

Hiruki Nakamura
18 Nov, 2014
New York City

Market indexes in Japan jumped more than 2% after Prime Minster Shinzo Abe dissolved parliament. The yen dropped 0.9% against the dollar and the euro. GS Yuasa announced a new version of battery technology. Nichias Corp reported a surge in first-half earnings.

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