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Australian Stocks Ease, QBE Insurance Plunges 22%

Marcus Jacob
09 Dec, 2013
New York City

Australian stocks traded lower but market indexes in Asia gained. QBE Insurance plunged 22% after the company issued a second profit warning and said Chairman Belinda Hutchison has resigned. TPG Telecom soared 14% after the telecom company agreed to a $450 million deal with New Zealand Telecom.

India Movers: Bharti Airtel, Coal India, JSW, McNally, Maruti, Tata

Mukesh Buch
09 Dec, 2013
New York City

Bharti Airtel signed partnership with Punjab to expand high speed 4G LTE wireless services. Coal India is reviewing five proposals for mine acquisition in Indonesia. JSW plan to bid for Indian assets of U.K.-based Stemcor. Maruti and Tata plan to increase the prices from January.

Europe Earnings: Airbus, Balfour Beatty, EADS, HSBC, Kentz, VTB

Nigel Thomas
09 Dec, 2013
New York City

Kuwait Airways agreed to acquire 25 Airbus planes. Balfour Beatty secured

U.S. Unemployment Rate at 5-Year Low, Consumer Spending Rises

Nichole Harper
06 Dec, 2013
New York City

Stocks in New York traded higher and unemployment rate in November declined to 7%, a five-year low. Employers added 203,000 staff in the month from revised 200,000 increase in October. Consumer confidence index increased more than expected in December.

U.S. Movers: American Eagle, Big Lots, Cooper, Finisar, Sears, Ulta Salon

Mukesh Buch
06 Dec, 2013
New York City

American Eagle Outfitters net tumbled 68%. Big Lots said net loss widened. Cooper net climbed 20%. Five Below net plunged 34%. Finisar net soared 11%. Sears plans to spin-off Lands End. Ulta Salon net climbed 13%.

Nikkei Gains 0.8%, Nissan Estimates Higher China Sales

Hiruki Nakamura
06 Dec, 2013
New York City

Nikkei Stock Average in Tokyo gained 0.8% and investors focused on the Fed tapering as early as next month. Nissan Motor estimated China sales to increase 7.5% but Honda offered additional discounts to U.S. dealers.

Total, InterOil in $3.6 B Deal; Nestle Sold Givaudan Stake

Nigel Thomas
06 Dec, 2013
New York City

Berkeley profit climbed 22% to

Australian Stocks Fall on Fed Taper Worries, Qantas Debt Rated as Junk

Marcus Jacob
06 Dec, 2013
New York City

Australian market index closed lower and for the week fell 2.5%. Fortescue reaffirmed its target to cut debt more than half but did not set the timetable. Competition commission limited the fuel discounts Woolworths and Coles can charge. Qantas debt was downgraded to a junk rating.

India Movers: Cairn India, Cairn India, MphasiS, Tata, Videocon

Mukesh Buch
06 Dec, 2013
New York City

Cairn India bids for one oil and gas exploration block in Sri Lanka. Lupin launched generic version of capsules in the U.S. MphasiS net declined 9% and revenue surged 20%. Tata Motors plans to invest

U.S. Growth Revised Higher on Inventories, Jobless Claims Fall

Nichole Harper
05 Dec, 2013
New York City

U.S. stocks searched for a direction and the dollar declined after the European Central Bank held its key lending rate. U.S. economic growth in the third quarter was revised higher to 3.6%. Weekly jobless claims fell 23,000 to 298,000.

Nikkei Declines 1.5%; Japan Tobacco, Seven & I in Focus

Hiruki Nakamura
05 Dec, 2013
New York City

Stocks in Tokyo declined after market indexes advanced for two days in a row. The yen gained 0.3%. Japan Tobacco acquired 20% stake in Russia based tobacco distributor. Seven & I acquired 45% stake in a department store operator Barneys Japan Co. Ltd. for an undisclosed sum.

U.S. Movers: Conn

Mukesh Buch
05 Dec, 2013
New York City

Conn

Australian Markets Dive 1.4%, Qantas to Cut 1,000 Jobs

Marcus Jacob
05 Dec, 2013
New York City

Australian indexes plunged 1.4% and the dollar weakened further. Australian trade deficit in October widened to $529 million. Qantas plans to cut 1,000 jobs and may sell a stake in Jetstar. Westfield gained full control of retail complex at New York World Trade Center.

Europe Earnings: DS Smith, Getinge, Versace, Merck, Mulberry, Transneft

Nigel Thomas
05 Dec, 2013
New York City

DS Smith profit surged 65%. Getinge offered to acquire Pulsion Medical Systems for

India Movers: Bharti Airtel, Cipla, Strides Arcolab, Swan Energy, Wipro

Mukesh Buch
05 Dec, 2013
New York City

Bharti Airtel raised

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