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Nikkei Extends Advance; Osaka Gas, NKK, Mitsui OSK Gain

Hiruki Nakamura
20 May, 2013
New York City

Stocks in Tokyo gained for the second day in a row and utilities companies surged on the speculation that electricity makers plants may restart reactors. Osaka Gas and shipping companies jumped on the prospect of U.S. shale gas imports.

Australian Stock, Dollar Advance; Santos Commences Oil Production

Marcus Jacob
20 May, 2013
New York City

Australian market indexes advanced and dollar gained for the first time in two weeks. Precious metals linked stocks led the decliners. Santos Limited commenced oil production at its Western Australian basis with the target of daily production of 150,000 barrels.

India Movers: ABB, Adani, Apollo Hospitals, PTC India, Tata Motors

Mukesh Buch
20 May, 2013
New York City

Adani Enterprises consolidated net profit in the quarter surged 53% and Apollo Hospitals net climbed 27%. Dhanlaxmi Bank net swung to profit. PTC India net plunged 62% and PI Industries net jumped 6%.

Wall Street Extends Rally, Consumer Sentiment Jumps

Nichole Harper
17 May, 2013
New York City

U.S. market indexes extended gains after consumer sentiment rose more than expected and the index of leading economic indicators showed more economic expansion in the U.S. Dell declined on a sharp fall in earnings. J.C. Penney loss widened.

New 5-year High in Nikkei, Leasing Companies Lead Gainers

Hiruki Nakamura
17 May, 2013
New York City

Market indexes in Tokyo reversed the course after core machinery orders rose at the fastest pace in eight years in March. Hitachi Ltd gained after the company targeted higher operating margins. Leasing companies gained on the expectations that the government may favor the industry.

U.S. Movers: Autodesk, Donaldson, Dell, J. C. Penney, Stage Stores, Nordstrom

Mukesh Buch
17 May, 2013
New York City

Autodesk first quarter net dropped 30% and Donaldson net slid 2%. Dell first quarter net plunged 79% but enterprise sales showed some strength in the quarter. J. C. Penney and Stage Stores net loss widened. Nordstrom net fell 3% and Sina Corp net loss narrowed.

Europe Earnings: ABN Amro, ASDA, Flsmidth, Intertek, SSE, Wm Morrison

Nigel Thomas
17 May, 2013
New York City

Abn Amro first quarter profit declined 17% and ASDA online sales climbed 16%. Flsmidth profit for the quarter plunged 86%. Intertek operating profit margin for the quarter narrowed. SSE agreed to acquire Dunmaglass wind farm for

Australian Dollar at a Fresh 11-Month Low

Marcus Jacob
17 May, 2013
New York City

Australian dollar dropped to a new 11-month low and market indexes traded higher in a choppy trading. Wesfarmers issued earnings warnings and blamed weather and excess inventories at stores. WorleyParsons cut its annual earnings outlook.

India Movers: Bajaj, GSFC, GNFC, ITC, Kalpataru, Motherson Sumi

Mukesh Buch
17 May, 2013
New York City

Aarti Drugs fourth quarter net soared 86% and Bajaj Holdings net rose 6%. GSFC net tumbled 75% and GNFC net declined 10%. ITC net climbed 19% and Kalpataru net plunged 14%. Motherson Sumi net edged up and Mahindra Satyam net surged. Sun TV net climbed 12%.

U.S. Jobless Claims Rise; Tech Stock Rise on Cisco Earnings

Nichole Harper
16 May, 2013
New York City

U.S. market indexes traded sideways and weekly jobless claims jumped to a six-week high. Tech stocks were in favor after Cisco reported strong earnings. Wal-Mart eased after the U.S. same store sales declined 1.4% in the quarter.

U.S. Movers: Brady, Cisco, Dillard's, Kohl

Mukesh Buch
16 May, 2013
New York City

Brady third quarter net plunged 85% and Cisco net climbed 15%. Dillard''s first quarter net surged 27% and Kohl

Europe Earnings: Aviva, Dixons, National Grid, Richemont, Thomas Cook

Nigel Thomas
16 May, 2013
New York City

Aviva first quarter sales were flat at

Economy in Japan Expands but Capital Spending Falls, Banks Close Lower

Hiruki Nakamura
16 May, 2013
New York City

Japanese GDP expanded 0.9% in the March quarter as consumer spending increased but the GDP deflator indicated price weakness, highlighting tough road ahead for the central bank. Three largest banks in Japan estimated weak earnings as aggressive monetary easing squeezes bond trading profits.

Australian Dollar at 11-Month Low, Gold Stocks Plunge

Marcus Jacob
16 May, 2013
New York City

Australian indexes closed lower after a weakness in resource stocks. Precious metal miners were in focus after gold fell below $1,400-mark. Australian dollar eased and extended plunge to 11-month low and the currency is down 10% from its high. Virgin Australia dives 17% on profit warning.

India Movers: Adani, Bajaj Auto, L&T, RCapital, Tata Motors, TTK

Mukesh Buch
16 May, 2013
New York City

Adani Ports fourth quarter net soared nearly three-fold. Bajaj Auto net slid 1% and Bajaj Finserv net rose 4%. L&T secured new orders worth Rs 2,542 crore and plans to sell India

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