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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.

India Movers: Crompton, EIL, eClerx, NDTV, Symphony, Tata, Wockhardt

Mukesh Buch
06 Aug, 2013
New York City

Crompton Greaves net plunged 30% but revenue jumped 12%. EIL profit and revenues tumbled. eClerx net surged as sales climbed 9%. NDTV loss narrowed as revenue dropped. Tata Power net swung to a loss.

Australia Lowers Rate to Record Low 2.5%, Trade Surplus Widens

Marcus Jacob
06 Aug, 2013
New York City

Reserve Bank of Australia lowered its key lending rate by 25 basis points to 2.5% and held out possibility of another rate cut. As the mining boom wanes, central bank prepares to rebalance economic growth and lower dollar helped trade surplus to widen in June.

U.S. Movers: Chevron, HSBC, Eaton, Washington Post, Viacom

Mukesh Buch
05 Aug, 2013
New York City

Chevron revenues and net plunged. HSBC Holdings revenue dropped on unexpected slowdown in China. Eaton sales surged 38% and net soared 29%. Washington Post net declined 14%. Tyson Foods net soared to $249 million. Viacom net surged 20%.

Europe Earnings: HSBC, Sanofi, Veolia

Nigel Thomas
05 Aug, 2013
New York City

HSBC Holdings revenue dropped 7% but profit climbed 10% to

U.S. Service Sector Growth Accelerates, World Markets on Defensive

Nichole Harper
05 Aug, 2013
New York City

U.S. stocks rebounded after the service industry expanded at the fastest pace in five months. Berkshire Hathaway increased after reported higher than expected quarterly net. European markets closed flat and Asian markets were on the defensive.

Nikkei Falls 1.4% on Cautious Outlook from Toyota and Rising Yen

Hiruki Nakamura
05 Aug, 2013
New York City

Stocks in Tokyo halted a 2-day rally and the Nikkei index fell 1.4% as the yen gained. Investors sold stocks after weaker-than-expected U.S. jobs report on Friday and Toyota issued a cautious outlook despite a near record profit. Casio Computer quarterly net rose 31%. Hitachi Zosen net loss widened.

Flat Retail Sales in Australia, Stocks Fall Ahead of Rate Decision Tomorrow

Marcus Jacob
05 Aug, 2013
New York City

Australian stocks ended a 10-day rally in thin trading ahead of rate decision tomorrow. Retail sales were flat in June and service industry index dropped to a low. Virgin Australia estimated annual loss of $110 million.

India Movers: BHEL, Bajaj, Coal India, Godrej, Grasim, Idea, Tata

Mukesh Buch
05 Aug, 2013
New York City

BHEL net declined 50% and Bajaj Auto net rose 3%. Coal India profit plunged 17%. Godrej net profit jumped 7% but Grasim net dropped 15%. Power Finance net climbed 23%. Tata Chemicals net profit plunged 30.1%.

More Uncertainty in Italy After Berlusconi Conviction; AXA, RBS, MAN in Focus

Nigel Thomas
02 Aug, 2013
New York City

European markets eased the euro gained fractionally after the U.S. added less than expected jobs in July. Italian Prime Minister Berlusconi was convicted by the highest court for tax fraud. RBS swung to net profit in first-half.

U.S. Movers: AIG, Chevron, Dell, LinkedIn, Viacom

Bikram Pandey
02 Aug, 2013
New York City

AIG announced quarterly dividend of 10 cents a share. Dell lifted its buyout offer. Chevron reported lower net. LinkedIn surged 10% after quarterly sales rose 59%. Viacom soared 6% after cable network operator expanded stock buyback program.

Smaller Increase in U.S. Payrolls, Jobless Rate Falls to 7.4%

Nichole Harper
02 Aug, 2013
New York City

Stocks on Wall Street eased a day after record levels in widely followed indexes. U.S. employers added less than expected jobs in July and June gains were revised downward. Asian markets tracked New York gains and closed higher. European markets eased.

Nikkei Surges 3.3%, Toyota Sales Rise 14%

Hiruki Nakamura
02 Aug, 2013
New York City

Stocks in Japan surged and the Nikkei advanced 3.3% as real estate and financial companies led the advance. The yen declined 1.3% and after the close Toyota reported 14% rise in sales and net jumped nearly 90%.

Australia Estimates Higher Deficit and Slower Economic Growth

Marcus Jacob
02 Aug, 2013
New York City

Australian indexes soared 1.1% tracking gains in international markets. Labor government revised fiscal year deficit to rise to $30 billion and economic growth to slow to 2.5% and unemployment to surge to 6.25%.

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