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India Movers: KEC Intl, L&T, M&M, Novartis, Syndicate Bank

Mukesh Buch
01 Apr, 2013
New York City

KEC Intl won new orders worth $180 million and L&T secured order valued $1 billion and completed acquisition of Audco India. M&M March sales surged 10.6%. Supreme Court rejected cancer drug patent of Novartis. Syndicate Bank raised $500 million for its London operations.

Record High Unemployment in Euro Zone

Nigel Thomas
02 Apr, 2013
New York City

Unemployment rate in the euro zone increased to 12% in February and was revised to the same from 11.9%, according to the latest data released by the Eurostat.

U.S. Indexes at Fresh Highs, Factory Orders Rise 3%

Nichole Harper
02 Apr, 2013
New York City

Financial markets advanced and major indexes flirted near new highs. Factory orders increased 3% in February and auto sales in March were ahead of expectations. Nasdaq OMX Group agreed to acquire the bond trading platform eSpeed for $1.23 billion.

U.S. Movers: Chrysler, Ford, GM, McCormick, NASDAQ

Mukesh Buch
02 Apr, 2013
New York City

Chrysler U.S. sales in March rose 5% and Ford and GM sales rose 6%. NASDAQ agreed to acquire eSpeed from BGC Partners, Inc. for $750 million in cash.

U.S. Movers: Bridgepoint, Cal-Maine, Dell, MTS, Novartis, Tesla

Mukesh Buch
01 Apr, 2013
New York City

German based private equity group Bridgepoint agreed to acquire Oasis Healthcare worth

Stocks Slide in Tokyo, Auto Sales Drop 9.4% in March Quarter

Hiruki Nakamura
02 Apr, 2013
New York City

Stocks in Tokyo eased for the second day in a row and the yen advanced to a one-month high. Auto sales in the quarter to March declined 9.4% in Japan after government ended subsidies. Toyota sales fell 15% and Nissan declined 6% and Honda sales plunged 45%.

Australian Rates on Hold, Online Sales Growth Slows

Marcus Jacob
02 Apr, 2013
New York City

Reserve Bank of Australia left its key rate unchanged at record low 3%. Australian dollar gained and financial stocks led the market advance. Online sales growth declined in February. Australian capital cities home prices increased 1.3% in March.

Europe Movers: Banca Monte, FirstGroup, ICAP

Nigel Thomas
02 Apr, 2013
New York City

Banca Monte said loss for the year narrowed to

India Movers: Bajaj, Ford, IVRCL, L&T, Maruti. Tata Motors, Toyota

Mukesh Buch
02 Apr, 2013
New York City

BEL reported fiscal sales increased 5%. Bajaj Auto March sales declined 10%, Ford India sales plunged 38%, Maruti sales rose 3.3% and Tata Motors sales plunged 27.6%. IVRCL win order worth $400 million and L&T secured order of $700 million.

Nikkei in Best 6-Month Gains Since 1972

Hiruki Nakamura
29 Mar, 2013
New York City

The Nikkei index closed higher second quarter in a row propelling six-month gains to the best since 1972. Industrial output declined 0.1% in February and core consumer prices declined 0.3%, tenth monthly fall in a row.

Calmness Prevails as Cyprus Banks Reopen with Capital Contorls

Nigel Thomas
28 Mar, 2013
New York City

Cyprus banks reopened nearly after two weeks with stringent capital controls that are likely to be in place for months to come. There was no evidence of panic or bank run on the first day. Central bank estimated 18% deposit withdrawal so far from the euro zone savers.

S&P 500 Index Surpasses Record Level, Q4 GDP Estimate Lifted

Nichole Harper
28 Mar, 2013
New York City

The S&P 500 index traded above its all-time closing high and the government revised the estimate of fourth quarter economic growth to 0.4% annual rate. Jobless claims in the last week rose. Banks in Cyprus opened with stringent capital controls in place.

U.S. Movers: Accenture, GameStop, Five Below, Paychex, Mosaic, Red Hat

Mukesh Buch
28 Mar, 2013
New York City

Accenture second quarter net surged 67% and GameStop fourth quarter net surged 50%. Five Below net jumped 55% and Paychex third quarter net rose 7% to $144.5 million. Steelcase net swung to loss and Mosaic net soared 26% to $344.6 million.

Nikkei Declines 1.3% in Asian Markets Weakness

Hiruki Nakamura
28 Mar, 2013
New York City

Market indexes in Tokyo closed lower in sympathy with the decline in Asian markets after a sharp fall in Shanghai index. Domestically, investors looked ahead at the first central bank meeting next week under a new leadership. GS Yuasa Corp plunged 11% after more battery problems.

Europe Movers: Master Blenders, Tele2, Ziggo

Nigel Thomas
28 Mar, 2013
New York City

D.E Master Blenders said Benckiser offered

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