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India Movers: Autoline, Alstom, Glaxo, PNB, RCom, TCS, UPL

Mukesh Buch
05 Mar, 2014
New York City

Autoline Industries is looking to sell its U.S. subsidiary. Alstom won contract worth

Australian Indexes at a New 5-Year High, Miners in Focus

Marcus Jacob
05 Mar, 2014
New York City

Australian market indexes closed at a new five-and-a-half year high after December quarter growth was ahead of expectations and hopes of tensions easing in Ukraine. Iron ore miners were in focus on the expectations of a revival in merger deals.

U.S. and World Markets Rebound on Putin Comments

Nichole Harper
04 Mar, 2014
New York City

U.S. and global market indexes rebounded on the hopes of easing tensions in Ukraine. At least for now Russia appears to be not prepared to increase military strength. Gold and crude oil futures eased. RadioShack plans to close as many as 1,100 or 20% of its stores.

E. W. Scripps, Insys Therapeutics, MBIA Climb; AutoZone Falls

Mukesh Buch
04 Mar, 2014
New York City

AutoZone net jumped 9% and sales climbed 10%. Bank of Nova Scotia net profit and revenue increased. E. W. Scripps net plunged 71%. Hilltop net and interest income surged. MBIA net tumbled 79%.

Europe Earnings: Beiersdorf, Daimler, Premier Foods, Serco

Nigel Thomas
04 Mar, 2014
New York City

Beiersdorf profit climbed 12% to

Markets in Tokyo and Asia Rebound, Japanese Auto Sales Rise 14.7%

Hiruki Nakamura
04 Mar, 2014
New York City

Market sentiment in Asia and in Japan recovered and the Nikkei and Topix indexes added 0.5% and the yen eased 0.4% to drop below 102 against one U.S. dollar. Real estate companies led the gainers. Human error in Osaka trading halted Nikkei 225 futures for more than 20 minutes.

Australian Rates on Hold for 6th Month, Qantas to Split in Two Airlines

Marcus Jacob
04 Mar, 2014
New York City

Reserve Bank of Australia left its key lending rate at record low 2.5% for the sixth month in a row. Governor Glenn Stevens also renewed his campaign to lower the Aussie dollar. Government agreed to amend legislation to split Qantas into two carriers.

India Movers: Ashok Leyland, Bharti Airtel, GMR, HCC, IVRCL

Mukesh Buch
04 Mar, 2014
New York City

Ashok Leyland February sales declined 21%. Bharti Airtel seek to acquire telecom licences and subscribers of Essar Telecom Kenya for $100 million. GMR won rail line projects worth Rs 267 crore in Uttar Pradesh. HCC secured Rs 903 crore order from Karnataka.

Global Markets Tumble on Rising Tensions in Ukraine

Nichole Harper
03 Mar, 2014
New York City

U.S. indexes extended world markets sell off after tensions in Ukraine escalated and Russia took steps to increase its military strength in Crimea. Markets in Germany fell 3%, in Poland declined 4.5% and in Russia plunged 11%. Crude oil and gold added 2%.

Caesars in $2.2 Billion Casino Deal, Nu Skin Drops 6%

Mukesh Buch
03 Mar, 2014
New York City

Caesars Entertainment agreed to sell its four casinos to Caesars Growth for $2.2 billion. Icahn Enterprise profit surged. Magellan Health net tumbled 50%. Nu Skin sales and net soared. QR Energy net swung to profit. Tyco agreed to sell its security business in South Korea.

Russian Ruble and Stocks Plunge, European Markets Decline

Nigel Thomas
03 Mar, 2014
New York City

European markets plunged and extended worldwide market selloff after Russian lawmakers authorized President Vladimir Putin to increase military strength in Crimea. The benchmark index in Russia declined 11% and Russian ruble traded at a new low against the U.S. dollar.

Europe Earnings: Lifeline, Metro, Numericable, Smiths News, Thorntons

Nigel Thomas
03 Mar, 2014
New York City

European markets plunged on rising tensions in Ukraine. Metro plans to raise

Nikkei Falls 1.3% in Asian-wide Sell-Off

Hiruki Nakamura
03 Mar, 2014
New York City

The Nikkei in Tokyo plunged 1.3% and the yen gained as tensions mounted in Eastern Europe. Russia

Australian and Asian Markets Plunge

Marcus Jacob
03 Mar, 2014
New York City

Australian market indexes declined and the dollar edged lower against after Ukraine faced a military action from Russia. Transpacific Industries said it plans to sell its New Zealand based waste management business to China based fund.

India Movers: Bajaj Auto, Maruti, M&M, Tata Motor, TVS

Mukesh Buch
03 Mar, 2014
New York City

Atul Auto February sales surged 18.9%. Bajaj Auto sales dropped 6% but export jumped 5%. Maruti Suzuki sales fell 0.8% and export plummeted 20%. M&M auto sales declined 12% after domestic sales slipped 11% and export plunged 17%. Tata Motor February sales plunged 36%.

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