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Yen Weakness Lifts Tokyo Indexes for Second Week

Hiruki Nakamura
22 Nov, 2013
New York City

Stocks in Tokyo advanced and index advance led the developed markets on the continued weakness in the yen. Sony plans to cut $250 million in costs in its entertainment division. Hitachi Ltd plans to issue 60 billion yen of loans to repay debts and fund capital expenditure.

Europe Earnings: Future, Novartis, TUI Travel, Tullow Oil

Nigel Thomas
22 Nov, 2013
New York City

Future profit surged but revenue dropped to 9%. Novartis launched its $5 billion share buyback program. TUI Travel plunged after Fredriksen sold his entire stake of 5.4%. Tullow Oil discovered its fifth consecutive oil rift.

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.

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