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Tokyo Stocks in 8-day Rally, Manufacturing Sentiment Improves in Japan

Hiruki Nakamura
01 Apr, 2014
New York City

Stocks extended rally to the eighth day in Tokyo and construction and airlines stocks participated in the advance. Office products retailer reported March month sales increased 31%. Software developer Jastec reported net income surge of 45% on 10% increase in sales.

Europe Earnings: Alstom, BHP, GKN, Osram Licht, Weir

Nigel Thomas
01 Apr, 2014
New York City

Alstom sold its steam auxiliary unit to Triton for

Australia Holds Rate for the 7th Time, BHP to Spin-off $20 B of Assets

Marcus Jacob
01 Apr, 2014
New York City

Stocks in Sydney pared most of the 1% loss at the opening after two manufacturing reports indicated mixed picture of manufacturing sector in China. Reserve Bank of Australia held benchmark interest rate for the seventh time in a row and noted a solid expansion in the housing market.

India Movers: Gati, Kalpataru, KEC Intl, Maruti, M&M, TVS

Mukesh Buch
01 Apr, 2014
New York City

Gati surged after Japan-based Kintetsu World acquired 5% stake. Kalpataru Power secured new orders aggregating to more than Rs 700 crore. KEC Intl sold 7.3 acres of land to Tata Housing. Maruti sales in March dropped 6% and for the year fell 1%. M&M tractor sales in March rose 2%.

Yellen Comments Supports Market Rise, Euro Inflation Drops to 40-Month Low

Nichole Harper
31 Mar, 2014
New York City

U.S. stocks gained and market indexes advanced after Fed Chairwoman offered strong support for the economic stimulus. The tone of the support was welcomed by investors but Yellen

J&J Sells Ortho-Clinical unit for $4 B to Carlyle

Mukesh Buch
31 Mar, 2014
New York City

AT&T directors authorized 300 million shares repurchase plan. Cal-Maine net surged 39% and sales climbed 10%. InterOil net swung to a loss. J&J agreed to sell its Ortho-Clinical unit to Carlyle Group for $4 billion. UTi Worldwide net loss narrowed.

Europe Update: Babcock, Glencore, ING Groep, Quindell, Telekom Austria

Nigel Thomas
31 Mar, 2014
New York City

Babcock won

Nikkei Leads World Markets in Quarterly Loss, Japan Output Falls

Hiruki Nakamura
31 Mar, 2014
New York City

Market indexes extended a weeklong rally and industrial output declined 2.3% in February. The latest output data was among a series of economic statistics highlighting weak economic activities in Japan. Japan is set to increase its first sales tax since 1997.

Australian Index Struggle in First Quarter, Seven and Nexus in Merger Talks

Marcus Jacob
31 Mar, 2014
New York City

Market indexes in Australian gained 0.5% today, rose 0.2% in the month and gained 0.8% in the first quarter. Seven Group is set to takeover Nexus Energy for $423 million. Ten Network Holdings reported its worst market share last night.

India Movers: Bhel, GMR, Jain Irrigation, L&T, Suzlon, Tata

Mukesh Buch
31 Mar, 2014
New York City

Bharat Heavy secured contract worth Rs 125 crore in Uttarakhand. GMR Group filed for initial public offering for its energy unit. Jain Irrigation plans to sell a stake in the food-processing unit to private equity funds. L&T unit won new orders worth Rs 1,009 crore.

BlackBerry, Finish Line Climb; Caesars, Red Hat Fall

Mukesh Buch
28 Mar, 2014
New York City

Accenture net plunged 40% but lifted fiscal outlook. BlackBerry net swung to a loss. Caesars sold 7 million shares. Finish Line jumped after profit and revenue surged. Fred''s net plummeted 39%. Red Hat net in the quarter jumped 6%.

U.S. Stocks Rise on Inflation, Spending and Confidence Data

Nichole Harper
28 Mar, 2014
New York City

U.S. stocks trimmed weekly losses and tech stocks rebounded. Consumer spending increased for the second month in a row and annual rate of inflation to February month eased to 0.9%. Consumer confidence index dropped less than expected.

UK Insurers Tumble on Pension Reforms and Inquiry

Nigel Thomas
28 Mar, 2014
New York City

Deutsche Wohnen profit surged 46% and sales climbed 55%. Intesa Sanpaolo annual net swung to a loss

Nikkei Extends Weekly Gain, Yahoo Japan to Launch Wireless Service

Hiruki Nakamura
28 Mar, 2014
New York City

The Nikkei index gained 0.5% and extended weekly advance to 3.3% but plunged more than 9% in the quarter. Yahoo Japan will launch its wireless service after the purchase of eAccess for $3.2 billion. Core inflation rate in Japan was unchanged at 1.3% in February and retail sales jumped 3.6%.

Australian Stocks Gain, Woodside's Israel Venture in Trouble

Marcus Jacob
28 Mar, 2014
New York City

Australian stocks closed higher and trimmed weekly loss to 0.5%. For quarter, the index has increased 0.8%. Resource and bank sector stocks led the gainers in trading today. Woodside Petroleum may move away from its potential venture in Israel after the government failed to clarify tax policy.

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