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Japan's Economic Growth Lags Expectations Ahead of Sales Tax Hike

Hiruki Nakamura
17 Feb, 2014
New York City

December quarter economic growth in Japan was 0.3% from the previous quarter and the economy expanded at annual pace of 1%. The yen gained. The sharply lower growth was worrisome to economists as the nation faces higher sales tax from April 1.

Europe Earnings: Essar Energy, Fidessa, Hammerson, MorphoSys, SGL

Nigel Thomas
17 Feb, 2014
New York City

Essar Energy received takeover offer worth

Australian Markets Extend Gains; Australand, Aurizon Lift Dividend

Marcus Jacob
17 Feb, 2014
New York City

Australian market indexes extended gains and resource stocks led the advance. New car sales in January declined 3.5% to 93,232 on broad weakness in the market. Aurizon Holdings Limited said first-half net declined but doubled its dividend. Australand Property full-year profit declined 25%.

India Movers: ABG Shipyard, Allcargo, DLF, MMTC, MTNL, SAIL, Suzlon

Mukesh Buch
17 Feb, 2014
New York City

ABG Shipyard net swung to a loss. Allcargo jumped after profit and sales climbed. DLF slid after net and revenue jumped. MMTC net swung to a loss. MTNL net swung to a profit. Punj Lloyd net swung to a loss. SAIL profit jumped 10%. Suzlon Energy net loss narrowed.

U.S. Indexes Extend Weekly Rise, Rakuten to Buy Viber for $900 Million

Nichole Harper
14 Feb, 2014
New York City

U.S. stocks advanced and investors views the latest economic data with caution as inclement weather affects economic activities. Industrial output in January unexpectedly declined 0.8% and U.S. consumer confidence was better than expected this month. Rakuten to pay $900 million for Viber Media.

Euro Zone GDP Rises 0.3%, Schindler and ThyssenKrupp in Focus

Devan Biswas
14 Feb, 2014
New York City

Stocks reacted to earnings and economic news in the euro zone region. The economy in the region advanced at a faster than expected pace led by Germany and France. Schindler AG declined 1% on a fall in annual net. ThyssenKrupp soared 4% on better than expected operating earnings.

Jos. Bank to Buy Eddie Bauer; GNC, Weight Watchers Plunge

Nigel Thomas
14 Feb, 2014
New York City

GNC plunged after the vitamin supplement retailer reported less than expected quarterly earnings. Weight Watchers International tumbled 26% after the diet food purveyor lowered earnings outlook. Jos. A. Bank agreed to acquire Eddie Bauer for $825 million.

Australian Housing Loans Gains 1%, Rio Swings to Annual Net Profit

Marcus Jacob
14 Feb, 2014
New York City

Australian market indexes advanced 0.9% on Friday and soared nearly 3% in the week. Total housing loans increased 1% in December in Australia but fell 1.5% when adjusted for seasonal factors. Rio Tinto swung to profit on record output. Newcrest Mining net plunged on write downs and $120 million tax.

U.S. Stocks Climb on Earnings and $45 Bilion Time Warner Cable Deal

Nichole Harper
13 Feb, 2014
New York City

Stocks on Wall Street advanced after struggling in the early trading. Better than expected earnings helped to reverse sentiment offsetting the weak retail sales and jobs data. Goodyear Tire, CBS and Applied Materials reported better than expected quarterly results.

Nikkei's 1.8% Plunge Extends Loss to 10% in Year; Asahi, Tatemono Fall

Hiruki Nakamura
13 Feb, 2014
New York City

Nikkei index in Tokyo declined 1.8% and extended the year-to-date loss to 10%. Real estate companies led the decline. Asahi Group Holdings dropped 5% after the second-largest beer maker estimated annual income below the estimates.

Comcast Agrees to Acquire Time Warner Cable; Cisco, Whole Foods Fall

Mukesh Buch
13 Feb, 2014
New York City

Comcast agreed to acquire Time Warner Cable for $45.2 billion. Apache net tumbled 73% as revenue dropped 19%. Cisco net plunged 54% and sales declined 8%. Fossil profit fell 2% but sales climbed. PepsiCo net jumped 5%. Whole Foods net grew 4%.

Europe Earnings: BNP Paribas, Lloyds Banking, Publicis, Renault, Rolls-Royce

Nigel Thomas
13 Feb, 2014
New York City

BNP Paribas net plunged 26% to

Australian Unemployment Rate Jumps to 10-Year High, Telstra Hikes Dividend

Marcus Jacob
13 Feb, 2014
New York City

Australian market indexes reversed earlier gains after the jobless rate in January reached a decade high to 6% and surpassed the previous high of 5.9% in June 2009. Telstra hiked dividend and reported gains in wireless segment. David Jones quarterly sales increased 4.7%.

India Movers: Eros, ONGC Net Rise; Cipla, HCL, NCC, TCL Net Drop

Mukesh Buch
13 Feb, 2014
New York City

Cipla net plunged 17% but revenues jumped 22%. Eros profit climbed 41%. Hindalco net tumbled 23%. HCL net declined 9% and sales surged 37%. ONGC net jumped 3%. NCC net tumbled 62%. Page Industries sales and profit climbed. TCL net plunged 55%.

Stocks on Wall Street Pause, World Markets Advance

Nichole Harper
12 Feb, 2014
New York City

U.S. investors paused after the best 4-day gain in a year. European markets gained and Asian markets surged. China reported a sharp increase in exports and imports in January and the best monthly surplus since 2009. The U.S. House approved debt ceiling without any conditions.

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