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Earnings Drive Nikkei Higher; Kawasaki Kisen, Daiwa, SoftBank in Focus

Hiruki Nakamura
30 Jul, 2013
New York City

Investors focused on earnings and the direction of yen trading. Kawasaki Kisen Kaisha soared on earnings outlook, Softbank reported a rise in subscriber base after close and Daiwa Securities reported record first-quarter earnings. Industrial production decreased 3.3% in June.

Europe Earnings: Barclays, Deutsche Bank, Weir Group, TeleCity, UBS

Nigel Thomas
30 Jul, 2013
New York City

Barclays net in first-half swung to

Australian Home Approvals Plunge 13%, Rate Cut Hopes Cut Market Losses

Marcus Jacob
30 Jul, 2013
New York City

Australian indexes rebounded from the low and barely closed higher after supportive comments from Reserve Bank governor. New home approvals in Australia plunged 13% from a year ago. Leighton won a $2.8 billion contract to build casino in Macau.

India Movers: City Union Bank, Geometric, Havells, Merck, NTPC

Mukesh Buch
30 Jul, 2013
New York City

City Union Bank net climbed. Geometric profit soared 39% as revenue jumped. Havells India net soared 18%. IPCA Laboratories net surged 67%. Jaypee Infratech profit in the first quarter plunged 61% and Merck net declined 17%.

Publicis and Omnicom to Merge, Saks Agrees to $2.4 Billion Deal

Nichole Harper
29 Jul, 2013
New York City

U.S. market indexes were on the decline and index of pending existing home sales fell from a seven year high. Banks and financial stocks gained. On merger Monday, Saks agreed to a $2.4 billion deal. Two advertising giants, France based Publicis and New York based Omnicom agreed to merge.

Nikkei Plunges 3.3% in Tokyo, Yen Advances

Hiruki Nakamura
29 Jul, 2013
New York City

Stocks in Tokyo fell sharply after investors turned cautious ahead of the flood of earnings in the week and the yen gained. Investors also shied away from risk assets as lawmakers are not scheduled to meet for the next six weeks.

U.S. Movers: CNA Financial, Hertz, Loews, Perrigo, Saks, Roper

Mukesh Buch
29 Jul, 2013
New York City

CNA Financial net jumped 17%. Franklin Resources net fell 3%. Loews net climbed nearly four-fold. Perrigo agreed to acquire Elan Corp for $8.6 billion. Saks agree to be acquired by Hudson''s Bay Co for $2.9 billion. Roper net slid 3% and Wynn Resorts profit dropped 6%.

Europe Earnings: Danone, Essilor, Hiscox, Publicis, Ryanair, Unilever

Nigel Thomas
29 Jul, 2013
New York City

Danone said underlying net income for the period slid 1%. Essilor agreed to acquire its stake in Transitions Optical venture from PPG. Hiscox profit for the period surged 27% to

More Australian Miners Lower Outlook and Take Earnings Charges

Marcus Jacob
29 Jul, 2013
New York City

Australian indexes closed higher in thin trading and more mining companies warned of tougher times ahead. Newcrest Mining credit rating was cut. OZ Minerals announced a one-time charge. Rio Tinto agreed to sell a stake in a copper mine to a China based company.

India Movers: Colgate, Indian Bank, J.K. Cement, UltraTech Cement, Wipro

Mukesh Buch
29 Jul, 2013
New York City

Colgate India unit net soared. J.K. Cement profit and sales declined. Jaiprakash Associates net and sales surged. UltraTech Cement net fell 13% and sales dropped 2%. Wipro guided a slight increase in current quarter sales.

Samsung Electronics Net Soars 50%, Lower End Smartphone Sales Drive Sales

Bikram Pandey
26 Jul, 2013
New York City

Samsung Electronics Co said it will invest $18 billion in its memory chip and display businesses in the current fiscal year. Net income, excluding minority interest, increased 50% to 7.58 trillion won.

U.S. Indexes and Consumer Confidence Fall

Nichole Harper
26 Jul, 2013
New York City

U.S. indexes drifted lower on weaker than expected earnings and a weakness in auto sector dragged market sentiment in Europe. SAC Capital pleaded not guilty to criminal charges and Halliburton agreed to pay maximum statutory fine and also made a voluntary contribution of $55 million.

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