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Australian Markets Turn Lower, Woolworths Net Surges 25%

Marcus Jacob
28 Aug, 2013
New York City

Australian market indexes tracked world markets lower as the prospect of military strike against Syria increased. Oil price advanced on the worries of a wider conflict in the Middle East. Woolworths Limited reported a surge in profit. Metcash plunged on weak profit outlook.

India Movers: ITC, NMDC, Pratibha Ind, RECL, SPML Infra, Strides Arcolab

Mukesh Buch
28 Aug, 2013
New York City

ITC plans to spin-off non-engineering business. NMDC acquired exploration licence from Australia based TNG Ltd. Pratibha Ind secured contract worth Rs 231 crore. RECL plans to raise Rs 5,000 crore through tax-free bonds.

U.S. Movers: Bank of Nova Scotia, DSW, Donaldson, Standex, Tiffany

Mukesh Buch
27 Aug, 2013
New York City

Bank of Nova Scotia net declined 15%. DSW profit surged 15%. Donaldson net grew 2% and Sanderson Farms net soared 137%. Tiffany profit jumped 16% to $106.8 million.

U.S. Saber-rattling on Syria Drags World Markets Lower

Nichole Harper
27 Aug, 2013
New York City

Rising Middle East tension overshadowed trading in markets of stocks, bonds, currencies and commodities. Oil jumped 2% and markets in the euro zone dropped as much as 3% as the prospect of military attack on Syria rose.

Europe Earnings: Antofagasta, Marks and Spencer, Petrofac

Nigel Thomas
27 Aug, 2013
New York City

Antofagasta first-half revenue tumbled 12% and profit-before-tax plummeted 37%. Petrofac revenue dropped 12% and net profit declined 25% to $243 million but backlog climbed 21% to $14.3 billion.

Nikkei in Holding Pattern Ahead of Policy Direction

Hiruki Nakamura
27 Aug, 2013
New York City

Indexes in Japan closed lower and investors awaited policy announcements on sales tax and labor market reforms. Nissan Motor plans to spend$5 billion and increase its production capacity to 2 million vehicles in the U.S. by 2014. ANA Holdings plans to invest 10% stake in Myanmar based airline.

Australian Stocks Trend Higher, Flight Centre Soars 8%

Marcus Jacob
27 Aug, 2013
New York City

Australian stocks edged higher in late afternoon trading as investors focused on better than expected earnings from Flight Centre. Billabong said annual net loss widened and debt increased. Seven Group lowered earnings outlook.

India Movers: BHEL, Crisil, Future Ventures, Shriram, UltraTech

Mukesh Buch
27 Aug, 2013
New York City

Crisil will sell 49% stakes in index ventures with National Stock Exchange. CX Partners agree to buy 28.3% stake of Biba Apparels valued Rs 300 crore. HUDCO plan to raise $195.28 million via private placement of tax free bonds.

U.S. Movers: Amgen, Anadarko, BATS Global, TMS Intl, Wasserstein

Mukesh Buch
26 Aug, 2013
New York City

Amgen agreed to acquire Onyx Pharmaceuticals for $10.5 billion in cash. Anadarko sold its 10% stake in Mozambique oil field to India based ONGC Videsh for $2.64 billion in cash. TMS International agreed to be acquired by Pritzker Organization for $1 billion in cash.

Amgen Lifts Onyx Bid to $10.4 Billion; DirectEdge and BATS to Merge

Nichole Harper
26 Aug, 2013
New York City

U.S. stocks extended gains and durable goods orders declined 7.3% in July. Amgen lifted its bid to $10.4 billion for Onyx. DirectEdge and BATS agreed to merge creating the second-largest stock exchange operator in the U.S. Anadarko sold 10% stake in Mozambique oil field to India controlled ONGC.

Europe Earnings: AstraZeneca, ING, Telefonica

Nigel Thomas
26 Aug, 2013
New York City

AstraZeneca agree to buy U.S. based Amplimmune for $500 million. ING sold its 90% stake of its South Korean business for

Sales Tax Decision Awaited in Japan, Real Estate Stocks Gain

Hiruki Nakamura
26 Aug, 2013
New York City

Stocks in Tokyo closed lower in choppy trading as investors awaited more reforms and clarity on the widely expected and unpopular move to increase sales tax. Builders and real estate companies were in focus ahead of Summer 2020 Olympics meeting in two weeks.

Australian Earnings in Focus; M2 Lifts Outlook, Losses at Boart Longyear

Marcus Jacob
26 Aug, 2013
New York City

Australian resource stocks closed higher after gold touched a 3-month high. Earnings were in focus and Boart Longyear swung to a loss. Caltex Australia reported bumper first-half profit. M2 Telecom Group lifted full-year outlook. NIB Holdings annual net eased.

India Movers: GAIL, HPL, IDFC, Jindal, McNally, ONGC

Mukesh Buch
26 Aug, 2013
New York City

GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.

Nikkei in Tokyo Jumps 2.2% on Weaker Yen

Hiruki Nakamura
23 Aug, 2013
New York City

Nikkei index in Tokyo jumped 2.2% and electronics makers and automobile companies led the gainers as the yen declined to one-month low. Tokyo Electric Power declined 5% after the government demanded secured water tanks to store radioactive water.

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