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Yen Advances as Emerging-Markets Currencies Slide

Hiruki Nakamura
24 Jan, 2014
New York City

Market indexes in Tokyo edged lower and declined for the week as the yen gained and emerging market currencies eased. Toyota lifted its global sales outlook and estimated record sales. Nitto Denko sales soared in December.

Australian Indexes in Third Weekly Decline, Echo Sells Jupiters Complex

Marcus Jacob
24 Jan, 2014
New York City

Australian market indexes extended losses for the third week and the Aussie dollar edged to a 3-year low. Echo Entertainment agreed to sell its Jupiters Townsville hotel complex for $70 million.

India Movers: Atul, BEL, Cairn India, Novartis, Ranbaxy, Uco Bank, UPL

Mukesh Buch
24 Jan, 2014
New York City

Atul revenue and profit surged. Bharat Electronics net slid 3%. Cairn India profit slid 14% and sales soared 17%. Novartis net plunged 47%. Ranbaxy plunged after US prohibited its drugs from its Toansa facility in Punjab. Uco Bank net tripled. UPL net climbed 52%.

World and U.S. Market Indexes Drop 1%

Nichole Harper
23 Jan, 2014
New York City

World and U.S. market indexes declined after China

Nikkei in Tokyo Drops 0.8%, Nidec Surges on Buyback Plan

Hiruki Nakamura
23 Jan, 2014
New York City

Nikkei in Tokyo fell 0.8% following Asia-wide sell-off after a private survey indicated a contraction in manufacturing growth in China. The yen traded near its 2-year low. Nidec gained 6% after the company raised its full-year net income outlook and launched a buyback program.

China Growth Worries Drag Australian Stocks Lower, Newcrest Lifts Outlook

Marcus Jacob
23 Jan, 2014
New York City

Australian dollar and Asian stocks declined 1% after a private survey indicated a slowdown in manufacturing in China. Saputo is close to acquiring WCB after a 17.7% minority stake holder agreed to sell its stake. Newcrest boosted its 2014 outlook and said all six mines are operating at a profit.

eBay, Union Pacific Net Climb; United Swings to a Profit

Mukesh Buch
23 Jan, 2014
New York City

Baxter net plunged 34% despite sales increase of 16%. eBay revenue and profit jumped 13%. Johnson Controls net surged 30%. Lockheed Martin net declined 14%. McDonald''s net rose 1%. SanDisk profit surged 58%.Union Pacific Corp net climbed 13%.

Europe Earnings: Logitech Swings to Profit, LSE Revenues Rise 11%

Nigel Thomas
23 Jan, 2014
New York City

easyJet said revenue in the first-half per seat grew 3.4%. Logitech net swung to a profit. London Stock Exchange total income surged 48% to

India Movers: Amara Raja, Biocon, Bharti Infratel, L&T, Raymond

Mukesh Buch
23 Jan, 2014
New York City

Amara Raja net sales and profit climbed. Biocon net jumped 14%. Bharti Infratel profit surged 62%. Finolex Cables won an order of Rs 200 crore. KPIT Tech net declined 9%. L&T net soared 11%. Raymond profit surged.

Norfolk Southern Rises; Abbott, Coach, IBM, Parker-Hannifin Fall

Mukesh Buch
22 Jan, 2014
New York City

Abbott net tumbled 44%. CA net dropped 8% and revenue fell 25. General Dynamics net swung to a loss. IBM profit jumped 6%. Norfolk Southern net climbed 24%. Texas Inst net soared 94% to $511 million.

PIMCO CEO Resigns as Fund Outflow Accelerates

Nigel Thomas
22 Jan, 2014
New York City

Allianz said PIMCO CEO Mohamed El-Erian resigned. Credit Agricole agrees to sell its Bulgaria division to reduce

Bank of Japan Leaves Monetary Stimulus Intact, Inflation Accelerates

Hiruki Nakamura
22 Jan, 2014
New York City

The Bank of Japan kept its annual plan to pump between 60 trillion yen and 70 trillion yen intact and left its inflation outlook unchanged. The accompanying statement after a 2-day meeting noted the impact of April sales tax increase on the economy.

BHP Production Surges, Australian Annual Inflation at 2.7%

Marcus Jacob
22 Jan, 2014
New York City

Australian inflation in the December quarter was ahead of expectations and rose 2.7% annual rate. BHP Billiton said iron ore production increased 16% in the last quarter, copper production rose 6% and petroleum production declined 4%. Mount Gibson reported record first-half iron ore sales.

India Movers: Dabur Net Surges, Colgate Struggles; HDFC Net Up 12%

Mukesh Buch
22 Jan, 2014
New York City

Ashok Leyland net swung to a loss. Colgate net rose 2% and operating profit margin declined 17%. Dabur net climbed 15% on 17% increase in sales. HDFC net jumped 12%. M&M net plunged 16%. Torrent profit surged 41%. Thermax net declined 13%. Zee net jumped 10%.

U.S. Indexes Turn Lower, IMF Lifts Global Growth Outlook

Nichole Harper
21 Jan, 2014
New York City

U.S. stocks extended losses for the third day in a row and the dollar was in focus after the yen and euro edged lower. The IMF lifted its economic outlook for 2014 as advanced economies face fewer obstacles and interest rates are expected to stay near record low.

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