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Europe Earnings: Burberry, Citycon, Glencore, Halfords, ICAP, Royal Mail

Nigel Thomas
10 Jul, 2013
New York City

Burberry expects first quarter sales to jump 18%. Citycon second quarter sales and profit jumped 6%. Glencore plans to sell Dakota Growers Pasta Co for at least $300 million. Halfords first quarter revenue climbed 9%. Royal Mail intends free distribution of 10% stake to employees.

Nikkei in Tokyo Drifts Lower Ahead of BoJ Meeting

Hiruki Nakamura
10 Jul, 2013
New York City

Stocks in Tokyo traded lower after weak trade data from China and stoked global economic slowdown worries. Bank of Japan began its two-day meeting today. Aeon Co, the operator of supermarket chain reported first quarter sales increased 10% and earnings advanced.

Fall in Chinese Trade Trim Australian Market Gains

Marcus Jacob
10 Jul, 2013
New York City

Stocks in Sydney opened higher and began trimming gain in the afternoon after China reported first decline in trade activities in eighteen months. Pepper Australia launched a competing bid for its mortgage lender rival RHG.

India Movers: Apollo Hospitals, Clariant, IndusInd Bank, Power Grid

Mukesh Buch
10 Jul, 2013
New York City

Apollo Hospitals plan to invest $350 million for 3-year expansion. IndusInd Bank net jumped 42% and revenue climbed 22%. Shriram Transport Finance plan to raise $123 million in a public offering.

U.S. Movers: Alcoa, GenCorp, NYSE Euronext, Kroger, WD-40

Mukesh Buch
09 Jul, 2013
New York City

Alcoa second quarter loss widen to $119 million. GenCorp and Hi-Tech Pharmacal quarterly net swung to a loss. NYSE Euronext appointed as the new administrator for Libor. Kroger agreed to acquire Harris Teeter Supermarkets for $2.44 billion. Wolverine World second quarter net slipped.

Europe Earnings: AVEVA, Ferrexpo, LVMH Moet, M&S, Osram

Nigel Thomas
09 Jul, 2013
New York City

Aveva estimated higher sales in the current fiscal year. Ferrexpo said first-half pellet production climbed 11.4%. LVMH Moet agreed to buy 80% stake in Italian cashmere maker Loro Piana for

European Markets at 3-Week High, LVMH to Acquire Loro Piana for

Nigel Thomas
09 Jul, 2013
New York City

European markets traded higher to reach a 3-week high led by a surge in commodities and resource sector stocks. UK handed over the Libor rate management to the operator of NYSE Euronext exchanges. LVMH agreed to acquire 80% stake in Loro Piana for 2.5 billion euros.

Stocks in New York Extend Gains, Kroger to Buy Harris Teeter for $2.5 Billion

Nichole Harper
09 Jul, 2013
New York City

Stocks opened higher on Wall Street after Alcoa reported a quarterly loss but held out optimism for an increase in demand for aluminum in the year. Kroger agreed to buy Harris Teeter Supermarkets for $2.5 billion. Barnes & Noble chief executive resigns.

Nikkei Jumps 2.5% in Tokyo, Olympus Drops 5% on $1.15 Billion Offering

Hiruki Nakamura
09 Jul, 2013
New York City

Market indexes in Tokyo soared more than 2% following strong gains in international markets. Softbank is scheduled to complete its purchase of SprintNextel tomorrow. Beverage makers and convenience stores traded higher as summer heat lifts demand.

Australian Index Rebounds 1.5%, Northern Star Puts Gold Project on Hold

Marcus Jacob
09 Jul, 2013
New York City

Australian indexes rose to a one-month high as investors shake off global worries. Yanzhou Coal Mining Company is planning to privatize its Australian listed company. Northern Start delayed its gold mining project indefinitely.

India Movers: Alstom, Canara Bank, Gruh Finance, JSW Steel, Reliance Cap

Mukesh Buch
09 Jul, 2013
New York City

Alstom T&D wins a contract from Bajaj Infra for $40 million. Canara Bank invested 10% in a credit rating agency. Gruh Finance net income and revenue surged as loan assets soared 32%. Reliance Capital sold its stake in DTDC Courier to France based GeoPost SA for $25.6 million.

Momentum on Wall Street Fades, Bank Earnings in Focus

Nichole Harper
08 Jul, 2013
New York City

U.S. indexes lost early momentum after opening sharply higher. Investors are set to review earnings from banks later in the week and Alcoa is scheduled to kick-off earnings season after the close. European markets soared between 1% and 2%.

Europe Earnings: Bovis Homes, Hikma Pharma, Lloyds, TGS-NOPEC

Nigel Thomas
08 Jul, 2013
New York City

Bovis Homes lifted first-half guidance. Hikma Pharmaceuticals estimated revenue for the year to grow nearly 17%. TGS-NOPEC lowered its revenue guidance for the fiscal year.

Nikkei Falls 1.4% Tracking China Weakness, SoftBank Cut to Junk Level

Hiruki Nakamura
08 Jul, 2013
New York City

Nikkei in Tokyo edged lower after a surge at the end of last week and the yen dropped to a 5-week low against the dollar. Weak Chinese market sentiment weighed on machinery makers. SoftBank declined 3% after its long-term debt rating was lowered to junk status. Olympus plans to raise $1.16 billion.

Weak Prospects in Job Market Weigh on Australian Indexes

Marcus Jacob
08 Jul, 2013
New York City

Australian indexes declined 0.7% after rallying for two days on the weakness in precious metal prices and weak market sentiment in Asia. Virgin Australia completed the 60% stake purchase in Tigerair. Rio Tinto received an approval to ship copper from Mongolian venture.

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