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Europe Earnings: Ceres Power, Poundland, Unilever, Vestas Wind, Wolseley

Nigel Thomas
01 Oct, 2013
New York City

Ceres Power Loss in the year narrowed. Poundland profit surged 59%. Pure Wafer operating profit for the year surged. Unilever dropped after consumer products maker estimated third quarter sales growth not to exceed 3.5%. Wolseley annual profit surged to

Abe Approves Sales Tax Increase to 8% in Japan

Hiruki Nakamura
01 Oct, 2013
New York City

Prime Minister Shinzo Abe approved the increase of sales tax to 8% from 5% and proposed $51 billion stimulus plan that includes tax breaks for capital spending. Sales tax increase is the first since 1997. The much awaited tax increase is expected to dampen consumer spending.

Australian Retail Sales Rise, Rates on Hold

Marcus Jacob
01 Oct, 2013
New York City

Australian stocks traded lower and Reserve Bank of Australia left its reference rate at 2.5%. Home price index in capital cities increased 1.6% in September and new home sales rose 3.4% in August. Australian retail sales rose 0.4%.

Global Markets Nervous as U.S. Lawmakers Fiddle with Budget, Debt Talks

Nichole Harper
30 Sep, 2013
New York City

U.S. market indexes weakened as the government shutdown looms and reticent lawmakers are in no mood to agree on a short term budget. However, larger battle is ahead to revise debt ceiling in the next two weeks. U.S. Treasury yield was stable but the dollar weakened.

U.S. Movers: 21Vianet, Brookfield, Cal-Maine, Lockheed, Omnova

Mukesh Buch
30 Sep, 2013
New York City

21Vianet said Temasek invested $100 million. Brookfield Property to acquire Brookfield Office Properties for $1.7 billion. Lockheed Martin secured order worth $7.8 billion. Philip Morris agreed to acquire 49% stake in Arab Investors-TA for $625 million.

Europe Earnings: Aryzta, Glaxo, KCOM, Quindell, SSE, Telecom Italia

Nigel Thomas
30 Sep, 2013
New York City

Aryzta profit dropped but group revenue jumped 7% to

Nikkei in Tokyo Leads Asian Markets Weakness

Hiruki Nakamura
30 Sep, 2013
New York City

Stocks in Tokyo closed lower following the sell-off across Asia. Looming U.S. government shut down turned investors cautious. Prime Minister Shinzo Abe is scheduled to announce new economic and tax measures tomorrow. Toshiba Corp plans to cut television operations by half to 3,000.

Australian Markets Drop 1.7% as Asian Markets Decline

Marcus Jacob
30 Sep, 2013
New York City

Australian markets declined after Asian markets fell as the U.S. faces government shut down and rocky negotiations in finalizing short term budget and lift debt ceiling. Private sector credit growth slowed in August in Australia.

U.S. Budget Negotiations Distract Investors, J.C. Penney Plunges 11%

Nichole Harper
27 Sep, 2013
New York City

Broader market indexes extended losses for the seventh day as U.S. lawmakers debate to avoid government shutdown. Market watchers are expecting politicians to strike a last minute deal but a prolonged government closure will trim economic growth. J.C. Penney plans 96 million share offering.

U.S. Movers: AZZ, Accenture, BlackBerry, Finish Line, Nike, Nektar, Thor

Mukesh Buch
27 Sep, 2013
New York City

Accenture declined after sales and profit jumped. BlackBerry said loss widened to $965 million. Finish Line surged as revenue and net climbed. Nike soared after profit surged 33%. Nektar tumbled 25% after phase-2 study for arthritis drug failed to meet expectations. Thor net jumped 6%.

U.S. Budget Negotiations Distract Investors, J.C. Penney Plunges 11%

Nichole Harper
27 Sep, 2013
New York City

Broader market indexes extended losses for the seventh day as U.S. lawmakers debate to avoid government shutdown. Market watchers are expecting politicians to strike a last minute deal but a prolonged government closure will trim economic growth. J.C. Penney plans 96 million share offering.

Europe Earnings: Balfour Beatty, Countrywide, Harvey Nash, Royal Mail Group

Nigel Thomas
27 Sep, 2013
New York City

Balfour Beatty secured an order worth

Energy Prices Drive Inflation in Japan, Panasonic to Sell Healthcare Unit

Hiruki Nakamura
27 Sep, 2013
New York City

Market indexes in Tokyo closed lower and the latest data on inflation showed a slight uptick on higher energy prices. Panasonic Corp is close to selling at least 75% of its healthcare unit to KKR for $1.5 billion.

Australian Indexes at a New 5-Year High

Marcus Jacob
27 Sep, 2013
New York City

Australian market indexes closed above 5,000 and gained for the seventh week in a row. Australian budget deficit was lower than previous estimated at $18.8 billion but the deficit is estimated to surge above the $30 billion estimate. Mirabel Nickel plunged after losing a major customer.

U.S. Growth at 2.5%, Weekly Jobless Claims Fall

Nichole Harper
26 Sep, 2013
New York City

Market indexes on Wall Street advanced despite the ongoing uncertainty about the possible government shutdown as early as next week. eBay agreed to acquire payment processing platform services provider Braintree for $800 million. U.S. second quarter growth rate estimate was unrevised at 2.5%.

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