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Nikkei Wavers, Softbank to Raise $4 Billion to Fund Sprint Purchase

Hiruki Nakamura
21 May, 2013
New York City

Retail investors in Tokyo drove market trading in Tokyo as broader market indexes wavered after a 9% rise last week. Softbank plans a $3.9 billion bond offering to finance its purchase of Sprint Nextel Corp. GS Yuasa soared 17% after United Air resumed its Dreamliner flights.

Australian Indexes Fall, QBE in Focus on Oklahoma Tornado Losses

Marcus Jacob
21 May, 2013
New York City

Reserve Bank of Australian said constrained credit growth and weakening inflation provided a backdrop for the latest rate cut. However, Boart Longyear joined other mining contractors lowered profit outlook. Stockland is exploring $400 million offering.

India Movers: Coal India, Divi

Mukesh Buch
21 May, 2013
New York City

Coal India net profit surged 90% and Divi

U.S. Movers: Actavis, Campbell Soup, Elan, Tesoro, Websense, Yahoo

Mukesh Buch
20 May, 2013
New York City

Actavis agree to acquire Warner Chilcott for $8.5 billion. Tesoro cleared to buy BP''s refinery and other assets in California for $2 billion. Websense acquired by Vista Equity Partners in $906 million. Yahoo agreed to acquire Tumblr in $1.1 billion.

Yahoo Faces Questions on $1.1 Billion Tumblr Acqusition

Nichole Harper
20 May, 2013
New York City

U.S. stocks traded near flat lines on merger Monday. Warner Chilcott agreed to merge with Actavis for $8.5 billion. Yahoo raised questions after it agreed to acquire loss making Tumblr for $1.1 billion.

Europe Earnings: FirstGroup, Impregilo, Marks and Spencer, Ryanair

Nigel Thomas
20 May, 2013
New York City

FirstGroup declined on the rights issues plan and annual net plunged 78%. Impregilo secured Doha metro rail contract for

Nikkei Extends Advance; Osaka Gas, NKK, Mitsui OSK Gain

Hiruki Nakamura
20 May, 2013
New York City

Stocks in Tokyo gained for the second day in a row and utilities companies surged on the speculation that electricity makers plants may restart reactors. Osaka Gas and shipping companies jumped on the prospect of U.S. shale gas imports.

Australian Stock, Dollar Advance; Santos Commences Oil Production

Marcus Jacob
20 May, 2013
New York City

Australian market indexes advanced and dollar gained for the first time in two weeks. Precious metals linked stocks led the decliners. Santos Limited commenced oil production at its Western Australian basis with the target of daily production of 150,000 barrels.

India Movers: ABB, Adani, Apollo Hospitals, PTC India, Tata Motors

Mukesh Buch
20 May, 2013
New York City

Adani Enterprises consolidated net profit in the quarter surged 53% and Apollo Hospitals net climbed 27%. Dhanlaxmi Bank net swung to profit. PTC India net plunged 62% and PI Industries net jumped 6%.

Wall Street Extends Rally, Consumer Sentiment Jumps

Nichole Harper
17 May, 2013
New York City

U.S. market indexes extended gains after consumer sentiment rose more than expected and the index of leading economic indicators showed more economic expansion in the U.S. Dell declined on a sharp fall in earnings. J.C. Penney loss widened.

New 5-year High in Nikkei, Leasing Companies Lead Gainers

Hiruki Nakamura
17 May, 2013
New York City

Market indexes in Tokyo reversed the course after core machinery orders rose at the fastest pace in eight years in March. Hitachi Ltd gained after the company targeted higher operating margins. Leasing companies gained on the expectations that the government may favor the industry.

U.S. Movers: Autodesk, Donaldson, Dell, J. C. Penney, Stage Stores, Nordstrom

Mukesh Buch
17 May, 2013
New York City

Autodesk first quarter net dropped 30% and Donaldson net slid 2%. Dell first quarter net plunged 79% but enterprise sales showed some strength in the quarter. J. C. Penney and Stage Stores net loss widened. Nordstrom net fell 3% and Sina Corp net loss narrowed.

Europe Earnings: ABN Amro, ASDA, Flsmidth, Intertek, SSE, Wm Morrison

Nigel Thomas
17 May, 2013
New York City

Abn Amro first quarter profit declined 17% and ASDA online sales climbed 16%. Flsmidth profit for the quarter plunged 86%. Intertek operating profit margin for the quarter narrowed. SSE agreed to acquire Dunmaglass wind farm for

Australian Dollar at a Fresh 11-Month Low

Marcus Jacob
17 May, 2013
New York City

Australian dollar dropped to a new 11-month low and market indexes traded higher in a choppy trading. Wesfarmers issued earnings warnings and blamed weather and excess inventories at stores. WorleyParsons cut its annual earnings outlook.

India Movers: Bajaj, GSFC, GNFC, ITC, Kalpataru, Motherson Sumi

Mukesh Buch
17 May, 2013
New York City

Aarti Drugs fourth quarter net soared 86% and Bajaj Holdings net rose 6%. GSFC net tumbled 75% and GNFC net declined 10%. ITC net climbed 19% and Kalpataru net plunged 14%. Motherson Sumi net edged up and Mahindra Satyam net surged. Sun TV net climbed 12%.

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