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India Movers: Gateway Distriparks, MakeMyTrip, REC, SpiceJet

Mukesh Buch
12 Mar, 2014
New York City

Gateway Distriparks increased its stake to 54.2% in Snowman Logistics. MakeMyTrip sold its 4.5 million shares to raise $115 million. SpiceJet placed an order for 42 Boeing 737 MAX aircraft valued at a list price of $4.4 billion.

Dick

Mukesh Buch
11 Mar, 2014
New York City

American Eagle declined on cautious outlook. Dick

China Liberalizes Interest Rates and to Permit Private Banks

Nigel Thomas
11 Mar, 2014
New York City

Chinese regulators and central bank followed with details of banking industry liberalization after President Xi Jinping laid out a framework in November. Five private banks will be permitted to launch banks as early as next years.

U.S. Indexes Pause, Investors Struggle to Separate Economy and Weather

Nichole Harper
11 Mar, 2014
New York City

Stocks on Wall Street paused and investors digested latest earnings announcements. Most companies have exceeded the low earnings expectations but retailers struggle and harsh winter played a role in consumer spending and construction sector.

Europe Earnings: Fenner, Geberit, Galenica, Hannover Ru, Inchcape

Nigel Thomas
11 Mar, 2014
New York City

Fenner, the maker of polymer products lowered first-half outlook. Geberit net soared 13% and sales grew 5%. Galenica profit surged 16% to 296 million francs. Germany based reinsurer Hannover Ru net climbed 5%. Inchcape profit jumped 7% to

Bank of Japan Committed to Bond Purhcase Program

Hiruki Nakamura
11 Mar, 2014
New York City

Insurance companies in Tokyo traded higher after the Bank of Japan reiterated its plan to purchase bonds between 60 billion yen and 70 billion a month. Market indexes in Japan are down 5.3% in the year so far and are at the bottom of eight most actively traded markets.

Weakness in Iron Ore Demand Worries Australian Investors

Marcus Jacob
11 Mar, 2014
New York City

Australian indexes turned volatile and investors focused on the lack of new demand for iron ore from China. BHP said it has made numerous short term productivity improvements in its iron ore division. Coca-Cola Amatil

India Movers: Autoline, Godrej Properties, HMT, IOC, Prime Focus

Mukesh Buch
11 Mar, 2014
New York City

Godrej Properties develop a new project in Vikhroli with Boyce. HMT gained after government approved revival plans. Indian Oil will invest about Rs 3,150 crore to set up a polypropylene unit in Paradip and Kuwait Petroleum may take a stake.

Chiquita Agrees to Acquire Fyffes; Alexion, Regado Surge

Mukesh Buch
10 Mar, 2014
New York City

Alexion lifted sales and profit outlook for the year. Chiquita Brands agreed to acquire U.K.-based Fyffes Plc for $526 million. McDonald''s February sales dropped 1.4%. Regado Biosciences surged 20% on fast track regulatory approval status.

Europe Earnings: Bouygues, Diana, GSK, Hochtief, Rolls-Royce, Wild

Nigel Thomas
10 Mar, 2014
New York City

Bouygues agreed to sell its network assets to Iliad for

Japan's Growth Estimate Lowered, Current Account in 4th Monthly Deficit

Hiruki Nakamura
10 Mar, 2014
New York City

Japan

China Exports Plunge Drags Australian Stocks, Leighton Soars 11%

Marcus Jacob
10 Mar, 2014
New York City

Australian markets closed lower on the worries that a slowdown in China would dampen the demand for commodities. Leighton Holdings soared 11% after its German parent Hochtief AG offered to increase its stake. Insurance Australia plans to raise $200 million.

India Movers: Dishman, EIL, L&T, SPML, Tata, Vascon

Mukesh Buch
10 Mar, 2014
New York City

Dishman Pharma is in talks to sell its land assets in Gujarat to Nirma for 650 crore rupees. EIL won $139 million contract from Nigerian. L&T won new orders worth Rs 2,935 crore. Reliance Mediaworks plans to delist its shares.

Safeway and Albertsons in $9.4 B Deal; Big Lots, Cooper Jump

Mukesh Buch
07 Mar, 2014
New York City

Big Lots net plunged 30% and sales dropped. Cooper net fell 4% but sales jumped 7% and lifted outlook. Foot Locker net and revenue climbed. Penn West Petroleum net in the quarter widened. Quiksilver net swung to a profit. Safeway agreed to be acquired for $9.4 billion.

Europe Earnings: Air France, Fugro, Getinge, MoPowered, Telecom Italia

Nigel Thomas
07 Mar, 2014
New York City

Air France said passenger traffic in February grew 1.4%. Fugro profit soared 39% after revenue climbed and net debt ratio held below target. Getinge fell after first-quarter guidance and outlook for the next several quarters. MoPowered won 20 new clients. Telecom Italia loss narrowed

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