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Japan's 30-Year Bond Auction Yields 1.8%, Nikon Plunges 14%

Hiruki Nakamura
09 Aug, 2013
New York City

Japanese government completed 456 billion yen 30-year bond auction that yielded 1.804%. The Nikkei index plunged 5.9% in the week as the yen strengthened. Nikon plunged 14% after quarterly net plunged 72% and camera maker lowered its fiscal year outlook.

Australia Lowers Growth Outlook, Rio Tinto Approves $5.5 Billion Expansion

Marcus Jacob
09 Aug, 2013
New York City

Australian market indexes struggled and Reserve Bank of Australia lowered its economic outlook to 2.25%. Australian dollar gained above 91.40 U.S. cents. Rio Tinto said it plans to go ahead with its $5.5 billion expansion at its Australian iron ore mines.

India Movers: Apollo Tyres, Bosch, Emami, Lupin, NMDC, Tata Motors

Mukesh Buch
07 Aug, 2013
New York City

Apollo Tyres net jumped. Emami net soared 30% as sales jumped 13%. Lupin profit surged 43%. NMDC net declined 18%. Tata Motors net declined 23% and company reported rising sales in emerging markets. Welspun net dropped 55%.

U.S. Jobless Claims Drops to 6-Year Low, China's International Trade Improve

Nichole Harper
08 Aug, 2013
New York City

U.S. weekly jobless claims drop to the lowest since 2007. China reported improving trade data. Tesla sold more than expected electric car sales. Rio Tinto net plunges after mining industry boom wanes. T-Mobile unit of Deutsche Telekom adds more than expected new customers.

U.S. Movers: AES, Prudential Financial, Scripps Networks, Western Digital

Mukesh Buch
08 Aug, 2013
New York City

AES net jumped but revenue was flat. Beam Inc net plummeted 27%. Markel Corp net plunged 69%. Prudential Financial net swung to a loss. Scripps Networks net climbed 12%. Western Digital net plunged 40%.

Europe Earnings: Ferrexpo, ING Groep, Old Mutual, Natixis, Swisscom, TUI

Nigel Thomas
07 Aug, 2013
New York City

Ferrexpo profit plunged 14% and ING Groep net dropped 13%. Old Mutual profit for the first-half declined 49%. Natixis net surged 13% to

U.S. Movers: AOL, DaVita, Ralph Lauren, Walt Disney, Time Warner

Mukesh Buch
07 Aug, 2013
New York City

AOL net tumbled 97%. DaVita net climbed and EOG Resources net surged. Ralph Lauren dropped 6%. Sempra Energy net soared four-fold. Walt Disney increased 1% to $1.85 billion and Time Warner net surged 74% to $771 million.

Europe Earnings: Aviva, Deutsche Telekom, Ladbrokes, Rio Tinto

Nigel Thomas
08 Aug, 2013
New York City

Aviva revenues slid but pre-tax profit climbed 96%. Deutsche Telekom net profit for the second quarter surged 10% to

Volatile Nikkei Falls 1.6% Ahead of Bond Auction

Hiruki Nakamura
08 Aug, 2013
New York City

Nikkei index in Tokyo reversed early gains and closed down 1.6% and yield on Japanese bonds traded volatile ahead of 2.7 trillion yen bond auction tomorrow. The yen gained. Honda plans to build a new plant in Brazil. Sumitomo Realty reported strong quarterly results.

Rio Tinto Net Plunges 71% as Mining Boom Wanes

Marcus Jacob
08 Aug, 2013
New York City

Australian stocks jumped and jobless rate held at 5.7% in July. Rio Tinto net plunged 71% in first-half on 3% decline in revenues as a decade long mining boom slows and commodities prices fall.

India Movers: Apollo, Bharat Forge, Eicher, Gujarat Gas, Jet Airways, Ranbaxy

Mukesh Buch
08 Aug, 2013
New York City

Apollo Hospitals barely rose 3%. Bharat Forge net surged 81%. Eicher Motors profit climbed 22%. Gujarat Gas net surged 90%. Jet Airways net swung to a loss. NCC net declined 37% and Omaxe profit climbed 19%. Ranbaxy net loss narrowed.

U.S. Movers: Cognizant, CVS Caremark, DISH Network, Emerson, Regeneron

Mukesh Buch
06 Aug, 2013
New York City

Cognizant revenue and net jumped. CVS Caremark net climbed 16%. DISH Network second quarter net swung to a loss. Emerson Electric net tumbled 75%. Regeneron Pharmaceuticals profit jumped 14%. Unum net rose 1% to $218.6 million.

U.S. Stocks Extend 2-Day Losses, Trade Deficit Narrows 22%

Nichole Harper
06 Aug, 2013
New York City

U.S. stocks extended losses for the second day in a row and trade deficit in June narrowed to the smallest since October 2009. Washington Post agreed to sell newspapers to Jeff Bezos for $250 million. India appointed Raghuram Rajan as its new central bank governor.

Europe Earnings: Esure, Fresnillo, InterContinental, Standard Chartered

Nigel Thomas
06 Aug, 2013
New York City

Esure Profit-after-tax soared 17%. Fresnillo net tumbled 61%.InterContinental Hotels operating profit climbed 20%. Rotork net climbed 11% and announced acquisitions. Standard Chartered profit for the period declined 23%.

Nikkei Gains 1% on Rumors, Sony Rejects Spin Off Proposal

Hiruki Nakamura
06 Aug, 2013
New York City

Market indexes in Tokyo closed higher for the third time in last four trading sessions as investors reacted to rumors. The yen eased. Sony was the fourth most actively traded stock and declined 4.6% after the company board rejected a proposal to split its entertainment unit.

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