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Australian Stocks Rebound, Aussie Dollar at 2-Month Low

Marcus Jacob
22 Nov, 2013
New York City

Australian stocks rebounded after a 4-day decline and Australian dollar declined to a two-month high. CFS Retail Property plans to sell a shopping center in Victoria for $100 million. Goodman Group offered $1.5 billion for Brazil based industrial properties.

India Movers: Cairn India, Cipla, Dabur, NHPC, Torrent, UFLEX

Mukesh Buch
22 Nov, 2013
New York City

Cairn India board is expected to approve a share buyback plan next week. Cipla acquired a stake of 14.5% in Uganda-based Quality Chemical. Dabur plans to buy manufacturing facility of Delhi-based Northern Aromatics. NHPC is scheduled to begin its $400 million share buyback plan next week.

U.S. Indexes Rebound from a 3-day Drop, Weekly Jobless Claims Fall

Nichole Harper
21 Nov, 2013
New York City

U.S. market indexes advanced and earnings dominated sentiment. Initial weekly jobless claims in the last week declined 21,000 to 323,000. Wholesale prices fell in October. Sears loss widened and Target earnings fell.

BoJ Reaffirms Bond Program, Panel Suggests Japan Pension Asset Diversification

Hiruki Nakamura
21 Nov, 2013
New York City

A panel of experts suggested $1.2 trillion government pension fund to diversify into broader and riskier assets from domestic bonds. Market indexes rebounded nearly 2% after the recommendation. Bank of Japan reaffirmed its bond purchase program.

Australian Indexes Extend Losses to Fourth Day

Marcus Jacob
21 Nov, 2013
New York City

Australian stocks extended losses for the fourth day in a row and precious metal stocks led the decliners with a loss of 5%. BHP Chairman Jac Nasser said weakening Chinese trade will impact company revenue growth in the near future. CapitaLand cut its stake in Australand Property by 20%.

U.S. Movers: Buckle, Dollar Tree, L Brands, Sears, Target

Mukesh Buch
21 Nov, 2013
New York City

Buckle net slid 3%. Dollar Tree net declined 21% but sales jumped. Donaldson net dropped 5% and sales climbed 14%. Green Mountain profit surged 38%. L Brands net plunged 25%. Sears said net loss widened. Target net plunged 46%. Williams-Sonoma net rose.

Europe Earnings: Daily Mail, Johnson Matthey, Mothercare, National Grid

Nigel Thomas
21 Nov, 2013
New York City

Daily Mail profit plunged 23% on revenue fall of 8%. Johnson Matthey climbed 21% after revenue surged 31%. Mothercare said net loss narrowed. National Grid profit soared 26% to

Europe Earnings: BSkyB, Glaxo, Swiss Re, ThyssenKrupp, Telecom plus, UK Mail

Nigel Thomas
20 Nov, 2013
New York City

Glaxo sold its stake in Aspen Pharma for

India Movers: Bombay Dyeing, Jet Airways, NTPC, ONGC, Tata Power

Mukesh Buch
21 Nov, 2013
New York City

Bombay Dyeing rose after High Court approved land exchange. Jet Airways board approved 24% stake sale to Etihad. NTPC received regulatory approval to raise Rs 1,750 crore tax-free bonds. ONGC signed agreement with PetroVietnam for joint exploration.

Holiday Sale Hopes Drive U.S. Indexes Higher, Home Resales Ease

Nichole Harper
20 Nov, 2013
New York City

Stocks on Wall Street gained and investors pinned hopes on higher holiday sales for retailers. Existing home sales eased in October and first-time home buyers stayed on sidelines for the third month in a row.

Japan's Trade Deficit Doubles, Auto Shipments Surge Leads Export Growth

Hiruki Nakamura
20 Nov, 2013
New York City

Japan recorded sixteenth monthly trade deficit in a row and the shortfall nearly doubled from a year ago month in October. Deficit increased to $10.9 billion and exports rose more than expected 18% on 31% rise in automobiles shipments. Imports soared 26.4% on a surge in petroleum products demand.

U.S. Movers: Deere, JPMorgan, Smucker, J.C. Penney, Lowe

Mukesh Buch
20 Nov, 2013
New York City

ADT net rose 2% as sales jumped 4%. Deere net soared 17% but sales fell 3%. JPMorgan agreed to settle mortgage related claims for $13 billion. Smucker net grew 3% and revenue dropped 4%. J.C. Penney net widened. Lowe

Australian Indexes Extend 3-Day Losses, Worleyparsons Plunge 26%

Marcus Jacob
20 Nov, 2013
New York City

Australian stocks closed lower and resource sector led the decliners after construction services provider Worleyparson issued a profit warning. WAB accepted revised cash $9 a share offer. Leighton Holdings subsidiary won a coal mining expansion contract worth $550 million.

India Movers: Aban Offshore, Bombay Dyeing, Cipla, HDFC, Shriram, Wyeth

Mukesh Buch
20 Nov, 2013
New York City

Aban Offshore net climbed as sales jumped. Bombay Dyeing denied the media report of Wadala land handover order. HDFC plans to raise Rs. 250 crore from non-convertible debentures. Shriram EPC won orders worth Rs 214 crore. Wyeth plans to merge with Pfizer.

Wall Street Focuses on Retailers, OECD Lowers Global Growth View

Nichole Harper
19 Nov, 2013
New York City

U.S. stocks extended gains after upbeat earnings from Home Depot, Best Buy and TJX. Paris based OECD lowered its global economic growth outlook and said recovery steady but slow. Retailers were in focus on the worries of competitive pressures to offer more than usual discounts.

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