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Japanese Bond Yields Decline. Nikkei Rebounds After 3-Day Slide

Hiruki Nakamura
29 Aug, 2013
New York City

Stocks in Tokyo edged higher after declining for three days in a row. Japanese government bond yields fell and the government completed the sale of $27 billion of 2-year debt.

Australian Dollar Falls on Emerging Markets Woes and Syria Strike Worries

Marcus Jacob
29 Aug, 2013
New York City

Australian market indexes closed lower and the dollar weakened as U.S. and allies prepare for a military strike against Syrian regime. New home sales declined but business spending edged up in Australia. Kingsgate tumbled on a loss. David Jones reported weak sales.

India Movers: Hathway, KEC, L&T, Power Grid, Renuka Sugars, RIL

Mukesh Buch
29 Aug, 2013
New York City

Hathway Cable plans to raise $15 million. KEC Intl to sell 7.5 acre land at Thane for $33 million. L&T and consortium won order for $170 million from ONGC. Renuka Sugars sell stake in Brazilian unit worth $1.3 billion. RIL won approval to invest $3.2 billion to expand oil exploration.

U.S. Stocks Bounce Back, Switzerland to Revise Disclosure Rules

Nichole Harper
28 Aug, 2013
New York City

U.S. indexes gained after a rebound in energy sector stocks as tensions in the Middle East rise. U.S. and allies prepare for a limited strike against Assad regime in Syria that could lead to a wider conflict in the region. Oil extended 3-day rally and gold eased.

U.S. Movers: Chico

Mukesh Buch
28 Aug, 2013
New York City

Chico

Europe Earnings: Accor, Bouygues, Dixons, G4S, Polymetal, Ryanair

Nigel Thomas
28 Aug, 2013
New York City

Accor first-half net swung to profit. Bouygues net declined 32% to

Markets in Japan, Hong Kong, Thailand Drop as U.S. Leads Syria Strike

Hiruki Nakamura
28 Aug, 2013
New York City

Stocks in Tokyo traded lower and the Nikkei extended losses as the prospect of U.S.-led military strike against the Syrian regime increased. The yen gained against the dollar. Toyota, Honda, Nissan and Sony fell more than 2%. Turkish lira and Indian rupee drop to record lows.

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.

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