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Investors in Tokyo Turn Cautious, Fast Retailing Up 5%

Hiruki Nakamura
05 Mar, 2013
New York City

Tokyo stocks halted a 3-day rally as investors feared that the market gains of the last three months may have extended stocks. Fast Retailing increased after same store sales at Uniqlo jumped 9.6% in February.

U.S. Movers: Ascena Retail, Glencore, Bank of Nova Scotia, Xstrata

Mukesh Buch
05 Mar, 2013
New York City

Ascena Retail second quarter net declined 7% and Glencore profit for the year tumbled 75% and merger date with Xstrata extended. Bank of Nova Scotia first quarter net climbed 12%. Xstrata profit for the year plunged 77% to $1.37 billion.

Auto and Retail Sales Lift Australian Stocks, RBA on Hold

Marcus Jacob
05 Mar, 2013
New York City

Australian stocks closed higher after retail sales unexpectedly increased in January after falling for three months in a row. Reserve Bank of Australia left key rate at 3% for the second month in a row. Automobile sales in February increased 5.2%.

Europe Movers: Deutsche Post, Glencore, Serco, Xstrata

Nigel Thomas
05 Mar, 2013
New York City

Deutsche Post fiscal net surged 43% to

India Movers: Adani, DLF, GMR, M&M, Natco Pharma, Tata Motors

Mukesh Buch
05 Mar, 2013
New York City

Adani Enterprises share sale oversubscribed. Essar Oil received environmental clearance for coal bed methane gas. M&M third quarter net jumped 51%. Videocon sell 10% stake in Mozambique.

Wall Street Shakes off Early Losses on China Worries

Nichole Harper
04 Mar, 2013
New York City

Stocks in New York rebounded after market indexes dropped as much as 0.4%. On Wall Street stocks extended world market losses after China issued tighter lending guidelines to curb rising property prices.

Nikkei Rebound in Tokyo Touch a New 4-Year High

Hiruki Nakamura
04 Mar, 2013
New York City

Stocks in Tokyo traded higher after the Bank of Japan chief nominee said he favors forceful monetary steps and he is prepared to accelerate asset purchase program as early as this year.Futures trade was suspended in the afternoon on technical problems.

U.S. Movers: Schulman, Arena, Hess, Tech Data

Mukesh Buch
04 Mar, 2013
New York City

Schulman offered to buy Ferro valued $855 million. Arena fourth quarter net loss narrowed and Boyd Gaming net loss widened. Hess plans to sell its retail and refining and processing businesses. Tech Data fourth quarter net climbed 52%.

Europe Movers: Amlin, Debenhams, HSBC, Repsol

Nigel Thomas
04 Mar, 2013
New York City

Amlin fiscal net swung to

China Slowdown Worries Drag Australian Stocks and Dollar

Marcus Jacob
04 Mar, 2013
New York City

Australian stocks declined sharply after building permits declined for the second month in a row and China said it plans to tighten lending to curb property speculation. Dollar and commodities linked companies dropped.

India Movers: Ashok Leyland, Bajaj, Bharti, Goodyear, Hero, Tata Motors

Mukesh Buch
04 Mar, 2013
New York City

Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.

U.S. Personal Income Falls 3.6%, Manufacturing Growth Picks Up

Nichole Harper
01 Mar, 2013
New York City

U.S. stocks traded sideways after personal income in January declined 3.6% and spending rose 0.2%. The payroll tax rate cut expiry and higher tax for wealthy had limited impact on the spending. U.S. manufacturing expanded at a faster rate in February.

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