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Yen Slides to 5-Year Low and Lifts Nikkei to a New High

Hiruki Nakamura
13 May, 2013
New York City

The yen declined more and broader market indexes extended gains after G7 ministers offered a tacit approval to the latest yen weakness. Traders are looking for the yen to drop to 115 against one dollar and the Nikkei index to jump above 15,000. Exporters were in demand in trading today.

Europe Earnings: Blinkx, Lonmin, Partnership Assurance, Via Varejo

Nigel Thomas
13 May, 2013
New York City

Blinkx profit for the year surged nearly six-fold. Lonmin in the first-half climbed three-fold. Partnership Assurance Group plans a listing in London. Klein family plans to sell stake in Via Varejo for $988 million.

Australian Dollar Drops to One-Year Low, Indexes Struggle

Marcus Jacob
13 May, 2013
New York City

Australian indexes traded sideways and the dollar closed below parity with the U.S. currency and to the lowest last seen in June. Resource stocks led the decliners. Westside Retail Trust said lease rates at new leases in Australia are lower than a year ago.

India Movers: RPower Net Climbs; BOB, BOI, Dena Bank Net Decline

Mukesh Buch
13 May, 2013
New York City

Bank of Baroda fourth quarter net declined 32%, Bank of India net declined 21% and Dena Bank net plunged 51%. J.K. Cement net dropped 30%. Nestle India net was nearly flat and RPower net climbed 15%. Sobha Developers net declined 28%.

U.S. Movers: Apache, Dell, Dish Network, Priceline, Telus

Mukesh Buch
10 May, 2013
New York City

Apache first quarter net dropped 9% and CareFusion quarterly net surged 163%. Dish Network net declined 40% and Telus Corp net jumped 14%. Priceline net climbed 40% to $244.3 million. Telus Corp net jumped 14%.

Europe Earnings: BT Group, TUI Travel, UniCredit

Nigel Thomas
10 May, 2013
New York City

BT Group fourth quarter profit slipped 5% to

U.S. Stock Futures Advance as G-7 Ministers Meeting Lack Focus

Nichole Harper
10 May, 2013
New York City

U.S. stocks are trending higher in early trading on the back of sustained weekly rally in European and Asian markets. The Yen dropped below 100-mark and extended year-to-date advance in Nikkei above 40%.

U.S. Indexes Flat, Weekly Jobless Claims at 5-Year Low

Nichole Harper
09 May, 2013
New York City

U.S. indexes traded near flat line after weekly jobless claims dropped to the lowest since January 2008 and inventories at wholesalers increased in March indicating a possible slowdown in orders.

India Movers: RCom Repaid $500 million Loan, NDTV Soars on Profit

Mukesh Buch
10 May, 2013
New York City

Ashok Leyland fourth quarter net plunged 42% and Aban Offshore signed contract in Mexico worth $177 million. Central Bank of India and NDTV net swung to profit and Escorts net soared 62%. NTPC net jumped 69% and RCom repaid syndicated loan of $500 million.

European Markets Advance, Bankia Investors to Sue Bank of Spain

Nigel Thomas
10 May, 2013
New York City

European indexes extended gains for the fifth day this week on the back of sustained support from the central banks, mixed earnings report and rising economic expectations in Japan and the U.S. German exports rose more than expected in the quarter to March.

Nikkei at New 5-Year High as Dollar Crosses 100 Yen Level

Hiruki Nakamura
10 May, 2013
New York City

The Nikkei index in Tokyo surged as the yen weakened below 100, the closely watched hurdle. The Nikkei index surged more than 7% in the week and soared 40% in the year so far. Japan swung to a current account surplus in March. Nikon Corp and Mitsui Fudosan gained on earnings outlook.

Australian Dollar Slides, RBA Lowers Inflation Outlook

Marcus Jacob
10 May, 2013
New York City

Australian dollar traded lower after Reserve Bank of Australia held its economic growth outlook and lowered its inflation estimate. Indexes rallied following a surge in Asian markets.

Bank of England on Hold, Spanish Debt Auction Exceeds Target

Nigel Thomas
09 May, 2013
New York City

Bank of England left its interest rate and bond buying program intact. Spanish treasury sold more than its maximum target in bond auction today. UK industrial production increased more than expected.

U.S. Movers: Agrium, Green Mountain, News Corp, Rackspace, Tesla

Mukesh Buch
09 May, 2013
New York City

Agrium first quarter net dropped 9% and Green Mountain quarterly net soared 42% and signed partnership with Starbucks. News Corp surged to $2.85 billion and Sun Life net plunged 25%. Precision Castparts fourth quarter net soared 25% to $414.2 million.

Europe Earnings: Anite, Experian, Old Mutual, Snam, SuperGroup, Morrison

Nigel Thomas
09 May, 2013
New York City

Anite forecast lower fiscal revenue. Eni SpA sold 11.7% in Snam SpA for

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