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Australian Building Approvals Ease in October, GrainCorp CEO Resigns

Marcus Jacob
02 Dec, 2013
New York City

Australian stocks declined and the dollar edged higher. Australian building approvals declined 1.8% in October and eased from a record high. The seasonally adjusted value of the approvals surged 9.3% in the month, fifth monthly increase in a row. GrainCorp chief executive resigned.

India Movers: Auto Makers Report Weak Sales

Mukesh Buch
02 Dec, 2013
New York City

Amtek India net soared 87% and sales surged 49%. Financial Technologies net plunged 61%. Maruti said November auto sales dropped 11% as domestic sales slid 6% and export plunged 46%. M&M sales declined 18%. Tata Motors November sales plunged 39%.

Inflation Accelerates in Japan, Unemployment Rate Holds at 4%

Hiruki Nakamura
29 Nov, 2013
New York City

Consumer price index increased for the fourth month in a row in October and prices rose at the fastest pace in years. Industrial output increased at a slower than expected pace in October and unemployment rate was unchanged.

Europe Earnings: Acal, Compass, Carillon, Hammerson, JD Sports, RPC

Nigel Thomas
29 Nov, 2013
New York City

Acal profit surged and revenue jumped 3%. Compass Group profit plunged 29% to

Australian Rejects GrainCorp Takeover by ADM

Marcus Jacob
29 Nov, 2013
New York City

Resource stocks led market indexes in Australia lower. Australian government rejected a takeover offer for GrainCorp and said foreign investment in the sector is not in its best interest. Credit growth in private sector increased 0.3% in October.

Europe Earnings: Deutsche Bank, Kingfisher, Rio Tinto, Thomas Cook, Wolseley

Nigel Thomas
28 Nov, 2013
New York City

Deutsche Bank is in talks with Permira Advisers to sell Tilney Investment. Kingfisher sales jumped 8%. Rio Tinto plan to invest $3 billion to increase production capacity. Thomas Cook said loss narrowed as EBIT soared 49%. Wolseley trading profit climbed 9%.

India Movers: Alstom T&D, Eros, Nestle, Suzlon Energy

Mukesh Buch
28 Nov, 2013
New York City

Alstom T&D plan to rise up to Rs 294 crore from a secondary offering. Eros Intl jumped after Singapore-based Temasek Holdings acquired a stake. Nestle India denied media report that its parent plans to increase stake. Suzlon Energy signed contract with Mitsui Australia for 52 wind turbines.

India Movers: Alphageo, Heidelberg, Il&Fs, MRF, TCS, Tech Mahindra

Mukesh Buch
29 Nov, 2013
New York City

Alphageo won seismic data analysis contracts. Heidelberg Cement plans to issue convertible-debentures. Il&Fs subsidiary won a contract of $70 million in Ukraine. MRF net soared 12% after sales jumped 5%. Tech Mahindra and MES plan to merge.

CVS in $2 Billion Deal, American and US Air Merger Advances

Nichole Harper
27 Nov, 2013
New York City

Stocks on Wall Street gained and initial jobless claims last week declined. Durable goods orders fell in October 2% and volatile commercial aircraft orders plunged 16%. CVS agreed to acquire infusion service provider for $2.1 billion. Bankruptcy judge approved a merger between American and US Air.

Tokyo Stocks Decline, Honda Expands Capacity in Brazil

Hiruki Nakamura
27 Nov, 2013
New York City

Stocks in Tokyo declined after rising for two days in a row and the yen traded near the three-month low. Honda Motor began construction at a manufacturing plant in Brazil. Hitachi agreed to acquire India based payment processor Prizm Payment Services.

U.S. Movers: AeroVironment, Barnes & Noble, HP, Nuance, TiVo

Mukesh Buch
27 Nov, 2013
New York City

AeroVironment net tumbled 81%. Barnes & Noble net surged and revenues declined. Hewlett-Packard swung to a profit. Infoblox said net loss widened and revenue soared 28%. Nuance Communications net swung to a loss. TiVo net plummeted 79% but sales climbed 43%.

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