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Australian Home Building in 34th Monthly Contraction, Bubbly Home Prices

Marcus Jacob
01 May, 2013
New York City

New home sales in Australia increased 4.2% in March but the industry struggled to attract new buyers as median home price reached $485,000. Housing industry estimated construction activities declined for the 34th month in a row.

U.S. Movers: Aetna, Avon, Domino

Mukesh Buch
30 Apr, 2013
New York City

Aetna first quarter net slid 4% and Avon net swung to a loss. BP net surged to $16.9 billion. Domino

Deutsche Bank, Lloyds Net Climb; UBS Profit Drops

Nigel Thomas
30 Apr, 2013
New York City

Carphone Warehouse agreed to acquire the remaining 50% stake in a joint venture held by Best Buy for

U.S. Indexes Rest Near Highs, Pfizer and Best Buy in Focus

Nichole Harper
30 Apr, 2013
New York City

Stocks in early trading traded sideways ahead of Fed statement tomorrow and weak earnings from Pfizer. Best Buy agreed to sell its stake in European joint venture to UK based Carphone Warehouse for $775 million. European unemployment rate hit a record high.

Record Unemployment in Euro Zone, Measured Inflation Drops to 1.2%

Nigel Thomas
30 Apr, 2013
New York City

European Markets struggled to advance after the inflation declined and unemployment rate surged to 12.1% in March, record high since 1995. Bond yields hovered near record lows for Germany and France as economists speculate a rate cut later this week.

Weaker Yen Fails to Lift Net at Fanuc, Honda and Ricoh; Nomura Surges

Hiruki Nakamura
30 Apr, 2013
New York City

The Nikkei index slipped a fraction after Fanuc, Honda Motor and Ricoh reported weaker than expected earnings and failed to yen estimate for the fiscal year earnings. Corporate Japan is sending signals to policymakers that weaker yen may be harder to sustain.

Unilever Plans $5.4 billion India Investment, Sensex Gains 0.6%

Mukesh Buch
30 Apr, 2013
New York City

Bharti Infratel fourth quarter net surged 34% and wireless carrier is in talk with RIL to lease towers. Dabur net climbed 18% and Godrej net soared 74%. Sterlite fourth quarter net surged 51% and Shree Cement net surged 140%.

ANZ Earnings Power Australian Market Rally

Marcus Jacob
30 Apr, 2013
New York City

Australian stocks surged on a rally in banks after the third largest bank ANZ reported better than expected earnings and lifted its dividend. Woodside Petroleum and Shell are working to revive its Floating LNG plan to advance their $50 billion natural gas field project.

U.S. Movers: Boardwalk, CAN, Chrysler, Conceptus, Loews, Sina

Mukesh Buch
29 Apr, 2013
New York City

Boardwalk first quarter net climbed 10%. Chrysler first quarter net tumbled 65% on retooling costs. Conceptus agreed to be acquired by Germany based Bayer HealthCare for $1.1 billion. Loews net plunged 34%. Sina surged.

Stocks on Wall Street Trade Higher, Personal Spending and Income Rise

Nichole Harper
29 Apr, 2013
New York City

Stocks in New York traded higher after consumer increased spending and income rose in March. European markets advanced after Italy appointed prime minister removing uncertainty for now. Chrysler said earnings declined on retooling costs and Conceptus soared on $1.1 billion buyout from Bayer.

Europe Movers: Aberdeen, Ageas, Balfour, Rentokil, Volkswagen

Nigel Thomas
29 Apr, 2013
New York City

Aberdeen profit in the first-half surged 52%. Balfour lowered full-year outlook. Lloyds sell its Spanish retail banking to Banco Sabadell. Volkswagen first-quarter profit tumbled 35%.

European Bond Yields Drop Near 2-Year Low, VW Reiterates Outlook

Nigel Thomas
29 Apr, 2013
New York City

Bond yield in Europe declined after Italy appointed Prime Minister Enrico Letta. Italian bond yield fell near 2-year low and economic confidence across the euro zone fell to the lowest since December. Aberdeen Asset Management soared to a 12-year high and VW reiterated its 2013 operating profit.

BHP Sells Copper Mine in Arizona to Capstone, Australian Stocks in 3-Day Rally

Marcus Jacob
29 Apr, 2013
New York City

Australian stocks extended rally for the third day in a row and resource stocks led the advance. BHP Billiton agreed to sell its Arizona based copper mine and railroad operations for $650 million.

Hindustan Unilever Net Up 18%, Hexaware Net Surges 20%

Mukesh Buch
29 Apr, 2013
New York City

Exide fourth quarter net grew 3% and Goodyear first quarter net surged 91%. Hindustan Uniliever fourth quarter net climbed 18% and Hero MotoCorp net slipped 5%. Hexaware net jumped 20% and IOB net plunged 89%.

European Markets Ease, Spain Struggles to Contain Deficit

Nigel Thomas
26 Apr, 2013
New York City

European markets eased and pared weekly gains of 3% after Spanish government sought to extend by two years to meet the deficit target set by the European Union. PPR, the French luxury goods maker fell on a revenue miss and Total SA declined on lower revenues.

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