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Japan's Trade Deficit in April Narrows, BoJ Leaves Policy Intact

Hiruki Nakamura
21 May, 2014
New York City

Bank of Japan left its ultra-accommodative monetary policy intact and offered a positive assessment of the economy after a two-day meeting. Japan

Australian Indexes Struggle on Weak Iron Ore Prices

Marcus Jacob
21 May, 2014
New York City

Australian market indexes struggled and declined at close on the persistent weakness in iron ore prices. The wage price index in the March quarter increased 0.7%, the slowest pace in 16 years. Woodside Petroleum Limited walked away from its joint venture in Israel.

India Movers: Essar Oil, Mangalore Refinery, NIIT, VIP, ZF Steering

Mukesh Buch
21 May, 2014
New York City

Essar Oil soared after net climbed four-fold. MRPL surged after net swung to profit. Manjushree Technopack net jumped 73%. NIIT net surged four-fold. Readymade Steel secured a piling contract worth Rs 150 crore in Singapore. VIP profit soared 217%

Credit Suisse Settles U.S. Charges for $2.6 B and Pleads Guilty

Nichole Harper
20 May, 2014
New York City

Credit Suisse Group AG agreed to a criminal wrongdoing as a part of a deal with the U.S. Justice Department for helping U.S. citizens to hide their wealth and income in offshore trusts.

Broad Sell-off in U.S. Stocks, World Markets Cautious

Nichole Harper
20 May, 2014
New York City

U.S. stocks trended lower and small cap led the decliners and extended five-week losses to near 9%. Credit Suisse agreed to a guilty plea and pay $2.6 billion fines to U.S. regulators. European markets declined on mixed earnings news.

Home Depot, Ophthotech Jump; Cato, Dicks Sporting, Staples, TJX Drop

Mukesh Buch
20 May, 2014
New York City

Cato net fell 3% but sales jumped. Dicks Sporting net jumped 5%. Donaldson net slid 4%. Home Depot profit climbed 13%. Medtronic net tumbled 54%. Staples net plummeted 43%. TJX net edged up 0.3%.

Europe Earnings: Greencore, Marks & Spencer, Vodafone, United Internet

Nigel Thomas
20 May, 2014
New York City

Greencore surged after sales jumped 8% to

Yen Gains in Tokyo, Yamaichi Electronics and Suntory in Focus on Earnings

Hiruki Nakamura
20 May, 2014
New York City

Nikkei index in Tokyo closed up and the yen closed higher for the second day in a row. Bank of Japan is scheduled to complete its 2-day meeting tomorrow and investors are looking for additional stimulus measures.

Australian Markets Trim Early Losses

Marcus Jacob
20 May, 2014
New York City

Australian market indexes closed higher after stocks searched for a direction in early trading. Telstra closed at a new high. Treasury Wines gained after a takeover offer from KKR. Consumer confidence index declined according to a private poll.

India Movers: Aditya Birla Nuvo, Bhel, FDC, RPower, RInfra, Whirlpool

Mukesh Buch
20 May, 2014
New York City

Aditya Birla Nuvo net dropped 12%. Bhel signed a contract to set up a power plant in Indonesia. Munjal Auto profit and sales climbed. RPower net edged up but revenue climbed. RInfra net declined 14% and revenues plunged 21%. Whirlpool net surged 43%.

AT&T to Buy DirecTV for $48.5 billion; KKR, Valspar Jump

Mukesh Buch
19 May, 2014
New York City

AT&T plans to buy DirecTV for $95 per share or $48.5 billion. Campbell Soup net rose 2% but revenue nearly flat. Johnson Controls plans to spin off its $3 billion automotive-interiors business. MasterCard agreed to acquire ElectraCard. Valspar net declined 12%.

Merger Monday: AT&T and DirecTV, KKR, Deutsche Bank, MasterCard

Nichole Harper
19 May, 2014
New York City

Merger news dominated Monday trading and telecom stocks were in focus. AT&T agreed to acquire DirecTV for $48.5 billion. KKR & Co agreed to acquire Singapore based bulk container maker for $1.1 billion. MasterCard acquired online payment software developer.

AstraZeneca Rejects Pfizer Offer, Qatar to Invest in Deutsche Bank Offering

Nigel Thomas
19 May, 2014
New York City

AstraZeneca tumbled and the company rejected the takeover offer from Pfizer at

Japan's Machinery Orders in March Surge 19.1%, Nikkei Eases

Hiruki Nakamura
19 May, 2014
New York City

Japan

Australian Indexes Drop 1.3%, Boart Signals Weaker Rig Services Market

Marcus Jacob
19 May, 2014
New York City

Australian market indexes declined 1.3% on weak iron ore prices and weak outlook for domestic housing prices. Goodman Fielder backed revised takeover offer from two bidders. Boart Longyear cautioned market conditions for drilling rig services may worsen.

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