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U.S. Indexes Lower on European Market Weakness

Nichole Harper
29 May, 2013
New York City

On Wall Street indexes fell and European markets dropped more than 1.5%. The dollar edged higher and trading sentiment was driven by the Fed bond buying timetable uncertainty. Smithfield Foods agreed to a deal from China based company. Stewart Enterprises agreed to a merger with Service Corp.

European Markets in Broad Decline of 1.5%

Nigel Thomas
29 May, 2013
New York City

European markets accelerated the decline in early afternoon from the 10% surge in six weeks on the uncertainty surround when the Fed plans to trim buying. Market indexes across the region fell as much as 1.8% and the euro weakened.

India Movers: Aditya Birla, Godrej, Hindalco, Power Grid, Sun Pharma

Mukesh Buch
29 May, 2013
New York City

Aditya Birla Nuvo sales and profit jumped. Godrej net surged and HDIL net swung to loss. Hindalco and NHPC profit plunged more than 25%. Power Grid and REC net climbed. Sun Pharma net soared 23% and Vardhman profit surged.

Nikkei and Japanese Bond Yields Rise, Yen Eases

Hiruki Nakamura
29 May, 2013
New York City

Nikkei index in Tokyo closed higher as retail investors increased stock exposure and the yen weakened. Life insurance companies gained after 10-year Japanese government bond yield rose to 0.95%.

Australian Construction Shrank 2%, New Home Sales Gained 3.9%

Marcus Jacob
29 May, 2013
New York City

Australian market index inched up for the second day in a row after five-day sell-off. Construction work in the March quarter unexpectedly declined. New home sales increased 3.9% to 6,000 units in April.

U.S. Movers: Bank of Nova Scotia, Campbell Soup, Tiffany, Valeant

Mukesh Buch
28 May, 2013
New York City

Bank of Nova Scotia revenue and net jumped. Campbell Soup agrees to acquire Plum Organics. Fidelity National acquires LPS for $2.9 billion. Tiffany net rose as sales climbed. Valeant agree to acquire Bausch & Lomb in $8.7 billion in cash.

Europe Earnings: AstraZeneca, A.G. Barr, St James, Victrex

Nigel Thomas
28 May, 2013
New York City

AstraZeneca agreed to acquire Omthera for $323 million. A.G. Barr profit for the year dropped 9% as carbonates revenue climbed 7%. The Crown Estate invests

Indexes on Wall Street Gain 1%, Home Price Index Rises

Nichole Harper
28 May, 2013
New York City

Market indexes in New York surged more than 1% and metropolitan home price index gained more than expected in March. World markets traded higher after central bankers around the world offered positive comments in the support of higher financial markets.

Nikkei Reverses Course for Now as the Yen Slides

Hiruki Nakamura
28 May, 2013
New York City

The Nikkei index in Tokyo jumped as much as 1.4% after two-day decline of more than 10%. The yen reversed its course and export sensitive companies led the rebound. Sony and Panasonic are increasingly focusing on the markets in India as the demand for electronic devices boom.

Australian Markets Halt 5-Day Slide, Woodside to Restart Gas Exploration

Marcus Jacob
28 May, 2013
New York City

Australian stock indexes turned higher after five days of losses. Australian dollar remained weak and traded near one-year low. Woodside Petroleum plans to restart natural gas exploration. Cabcharge Australia dropped the most after Victoria government lowered card payment fees for taxis.

India Movers: Colgate, CESE, GAIL, Jindal, Nalco, Tata Chemicals

Mukesh Buch
28 May, 2013
New York City

Colgate profit slid but sales jumped. CESE revenue grew 9%. GAIL (India) net and revenues climbed. Havell''s net surged and Nalco net dropped. Tata Chemicals net swung to loss. Tata Global Beverages profit soared 19%.

Rise-and-Rise in Nikkei is Followed by 2-Day Fall

Hiruki Nakamura
27 May, 2013
New York City

Stocks in Tokyo extended losses for the second day and compounded 2-day loss to 10% as retail investors and computer based trading retrenched. The today

Europe Earnings: Club Mediterranee, Fiat, SAP, Vivendi

Nigel Thomas
27 May, 2013
New York City

Club Mediterranee received buyout offer from AXA and Fosun International. Fiat talks with banks to acquire Chrysler. SAP withdraws his interest in Jive Software. Qatar Telecom agrees to buy stake for $12 billion in Vivendi

Australian Stocks Extend Losses

Marcus Jacob
27 May, 2013
New York City

Australian index declined for the fifth day in a row and extended losses to 5% in the last six days of trading. Commodities prices fell and resource stocks closed lower. Australian dollar drifted to a new one-year low.

India Movers: Britannia, Crompton, CCI, Jet Airways, Oil India, Wockhardt

Mukesh Buch
27 May, 2013
New York City

Britannia sales and profit surged. Crompton sales rose but net plunged 75%. CCI net edged down and Gujarat NRE Coke net swung to profit. Jet Airways net loss widened. Oil India profit soared 72%. RCom raised mobile call rates by 33%. Wockhardt net swung to profit.

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