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India Movers: GAIL, Fortis Healthcare, IOB, Mysore Paper, Unitech

Mukesh Buch
21 Aug, 2013
New York City

Fortis Healthcare sold its remaining stake in Vietnam based hospital for $80 million. IOB plans to raise approx $500 million before end of the year. Mysore Paper loss widened.

Emerging Markets Extend Losses, Retailers' Earnings Lift U.S. Indexes

Nichole Harper
20 Aug, 2013
New York City

U.S. stocks extended gains after retailers reported better than expected earnings. Best Buy, Home Depot and TJX reported stronger than expected quarterly results. J.C. Penney reported larger loss and sales in the quarter fell 12%. Emerging and Asian markets extended losses.

Nikkei Plunges 2.6% on Emerging Markets Worries

Hiruki Nakamura
20 Aug, 2013
New York City

Volatile Nikkei index in Tokyo dropped 2.6% and Japan posted its thirteenth monthly trade deficit in a row as trade gap doubles from a year ago month in July to 1 trillion yen. Emerging markets linked stocks declined.

BHP Billiton Annual Net Drops 30%, Australian Dollar Eases

Marcus Jacob
20 Aug, 2013
New York City

Australian indexes closed lower and consumer staples, resource and banking stocks led the decliners. Reserve Bank of Australia left the door open for a rate cut at the next meeting. BHP Billiton said annual net declined 30% to $10.9 billion. NAB third-quarter net increased to $1.7 billion.

U.S. Movers: Best Buy, Dick's Sporting, Home Depot, J. C. Penney, TJX

Mukesh Buch
20 Aug, 2013
New York City

Best Buy net surged to $266 million. Dick''''''''s Sporting net surged 57%. Home Depot profit soared 18%. J. C. Penney reported net loss widened. Medtronic net jumped 10% and TJX net soared 14%.

India Movers: Hathway Cable, Jaiprakash Power, McNally, Siemens, Unitech

Mukesh Buch
20 Aug, 2013
New York City

Empee Sugars net loss narrowed and HCL profit surged 130%. Hathway Cable net swung to a profit. Jaiprakash Power sells its stake in two hydro-power projects. McNally secured order worth $160 million. Siemens India won contracts in Bangladesh.

Europe Earnings: BHP, Lindt, Glencore, John Wood, Straumann, Vedanta

Nigel Thomas
20 Aug, 2013
New York City

BHP net declined 30% to $10.88 billion. Glencore reported loss of $8.92 billion and wrote down $7.66 billion assets linked to Xstrata takeover. John Wood net soared 32% and Lindt net soared 40% to 48.8 million francs. Straumann net jumped 21%.

U.S. Bond Yields Rise, World Markets Fall and Rupee Plunge Continues

Nichole Harper
19 Aug, 2013
New York City

U.S. indexes traded sideways in light trading and yields on U.S. Treasuries increased. Investors continued to pull money from emerging markets and added new capital to U.S. focused equity funds. European markets declined and rupee in India fell to a new low.

Nikkei Volatile in Thin Trading, Airport Facilities Soars 16%

Hiruki Nakamura
19 Aug, 2013
New York City

Stocks in Tokyo traded sideways as investors looked ahead for more policy initiatives in the next few weeks. The yen traded volatile. The Nikkei index rebounded after 2-day losses. Airport Facilities soared on hopes government may establish a zone to promote smaller companies.

U.S. Movers: Cellcom, McGraw Hill, Raven, Saks, Zillow

Mukesh Buch
19 Aug, 2013
New York City

McGraw Hill increased its stake India

Australian Auto Sales Fall; Aurizon Net Rises 1%, BlueScope Plunged 14%

Marcus Jacob
19 Aug, 2013
New York City

Australian investors digested a flood of earnings and trading volume perked up near the high of the year. Australian new car sales declined 3.5%. Z Energy Limited and Birch and Prestige Investment Group debuted on the ASX. Aurizon, freight railroad operator said annual net increased 1%.

India Movers: Asahi India Glass, DEN Networks, Essar, Indiabulls, Sesa Goa

Mukesh Buch
19 Aug, 2013
New York City

Asahi Glass net loss widened and DEN Networks net swung to loss but sales surged 24%. Essar Steel plan to raise $2 billion. Indiabulls buyback its stake from a private equity firm. Tecpro net swung to loss as sales declined. Varun Shipping net tumbled 99%.

Europe Earnings: Atlas Copco, Bovis Homes, Kentz, Kingspan, Statoil

Nigel Thomas
19 Aug, 2013
New York City

Atlas Copco agreed to acquire Edwards Group for

U.S. Indexes Drop to a 5-Week Low, Treasury Yields Rise

Nichole Harper
16 Aug, 2013
New York City

U.S. market indexes traded sideways and housing starts rose more than expected on a 25% surge in volatile apartment construction. Consumer confidence index declined unexpectedly. SEC approved the ICE

Nikkei Declines in Low Volume, Tokyo Tatemono Gains

Hiruki Nakamura
16 Aug, 2013
New York City

Stocks in Tokyo closed lower trimmed the weekly gain. Trading on exchanges declined near the low of the year and the yen was stable. Investors sold across Asia and adjusted to a growing possibility of earlier than expected stimulus tapering in the U.S.

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