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India Movers: Bharti Airtel, Cairn India, Thermax, Swan Energy, Voltas

Mukesh Buch
27 Nov, 2013
New York City

Bharti Airtel plan to sell bonds in Europe to raise $1 billion ahead of spectrum auction. Cairn India launched $1 billion stock buyback program. Thermax secured order worth Rs 269 crore. Voltas won three orders of Rs 1,000 crore in the Middle-East.

U.S. Building Permits at 5-Year High, Consumer Confidence Falls

Nichole Harper
26 Nov, 2013
New York City

Stocks advanced and extended year-to-date gains. Metropolitan home prices index increased in September. Building permits jumped to a five-year high in October and consumer confidence index declined to a seven-month low.

BoJ Minutes Show Japan Lags in Reaching Inflation Target

Hiruki Nakamura
26 Nov, 2013
New York City

The latest Bank of Japan policy committee meeting minutes showed growing agreement among policy makers that the inflation target of 2% is not likely to be reached before the end of the current fiscal year. Also, economic growth is expected to slowdown in fiscal 2014.

U.S. Movers: Cracker Barrel, DSW, Men

Mukesh Buch
26 Nov, 2013
New York City

Cracker Barrel net soared 18%. DSW net jumped 10%. Hormel Foods net climbed 19%. Men

Europe Earnings: Algeta, Britvic, De La Rue, Severn Trent, Sanderson

Nigel Thomas
26 Nov, 2013
New York City

Algeta received preliminary acquisition offer from Bayer AG. Britvic profit climbed 8%. De La Rue reported flat yearly profit. KCOM profit edged up. Mitchells & Butlers net doubled to

Australian Banks in Favor, Bega Extends Warnambool Offer Deadline

Marcus Jacob
26 Nov, 2013
New York City

Stocks in Sydney traded higher in choppy trading and Aussie dollar edged up. Banks traded near record high prices as investors rotated out of resource stocks and a rating agency reaffirmed its view on the health of banking sector. Bega Cheese extended its offer deadline for Warnambool.

India Movers: Bafna, Gammon, Kalpataru, L&T, Sun Pharma, Yes Bank

Mukesh Buch
26 Nov, 2013
New York City

Gammon India net loss widened. Kalpataru Power secured orders worth Rs 1,007 crore. L&T sell a minor stake in L&T Finance. Yes Bank jumped after Morgan Stanley Asia sold its stake.

Nasdaq Crosses 4,000; Oil Futures Down 1% on Iran Deal

Nichole Harper
25 Nov, 2013
New York City

Stocks on Wall Street fell in quiet trading as investors look to lock in gains for the year. The dollar gained and crude oil futures prices declined after a deal with Iran and Western powers. Pending home sale index in October eased 0.6%. In the year so far, the Nasdaq index has gained 33%.

Yen at Four-Year Low, Nikkei Surges 1.5%

Hiruki Nakamura
25 Nov, 2013
New York City

Nikkei index in Tokyo surged 1.5% and extended year-to-date gain to 50% as the yen weakened. The yen dropped to a four-year low and exporters and automakers led the gainers.

Australian Dollar Nears 3-month Low, GVK and Aurizon Near an Accord

Marcus Jacob
25 Nov, 2013
New York City

Australian stocks opened higher and the Aussie dollar extended its loss in the month and neared a three-month low. India based GVK and Aurizon are closer to an agreement to develop rail link to port in Queensland. Charter Hall completed $80 million offering.

U.S. Movers: Apple, Heico, Microsoft, Navios, Wal-Mart

Mukesh Buch
25 Nov, 2013
New York City

Apple agreed to acquire Israel-based PrimeSense for $360 million. Heico raised its revolving credit facility to $1 billion. Microsoft sold more than 1 million Xbox One video-game consoles in less than a day. Wal-Mart elected McMillon as president and chief executive.

Europe Earnings: Aryzta, Genel Energy, Essar, Orange, Rolls-Royce

Nigel Thomas
25 Nov, 2013
New York City

Aryzta said revenue rose 0.4% to

India Movers: Axis Bank, GVK Power, Pfizer, Union Bank

Mukesh Buch
25 Nov, 2013
New York City

Axis Bank will be include in the Sensex index from December 23. EIL won $139 Million contract in Nigeria. GVK Power-Aurizon signed rail and port terminal agreement in Australia. Pfizer and Wyeth board approved proposed merger. Siemens net plunged 44%.

U.S. Indexes Extend Gains for the Seventh Week

Nichole Harper
22 Nov, 2013
New York City

U.S. indexes extended gains and major averages trade in record territory. Unemployment rate in 28 states declined and Florida led the nation with a gain of 44,600 jobs in October.

U.S. Movers: Aruba, Foot Locker, Gap, Hibbett, PetSmart, Ross Stores

Mukesh Buch
22 Nov, 2013
New York City

Ann, apparel retail said comparable sales rose 3.7%. Aruba said net loss widened. Foot Locker net fell 2% as sales dropped 7%. Gap profit jumped 9%. Hibbett Sports net declined 9%. PetSmart net soared 12%. Ross Stores net jumped 8% and sales climbed 6%.

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