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Australian Stocks Halt 2-Day Rally

Marcus Jacob
04 Jan, 2013
New York City

Australian stocks declined for the first time in 3-days tracking lower international markets. Private sector credit availability was at the weakest in 19-months according to the latest data from the RBA.

Jet Air in Deal Talks to Sell 24% Stake to Etihad

Mukesh Buch
04 Jan, 2013
New York City

Bharti Infratel is selected for FTSE global indexes from January 7. Jet Airways is in deal talks to sell 24% stake to Abu Dhabi based Etihad Airways. Airline sector in India is reeling with losses on record high fuel and low ticket prices.

Stocks Turn Lower in New York, Divided Fed Policymakers

Bikram Pandey
03 Jan, 2013
New York City

Attention on Wall Street shifted to the upcoming debt negotiations and traders turned cautious. U.S. auto sales jumped 12.5% in 2012 and sales of new cars are expected to reach 15 million units in 2013. Retailers posted higher holiday sales on deep discounts.

German Unemployment Rate Flat, Spain Jobless Rate Falls in December

Nigel Thomas
03 Jan, 2013
New York City

Germany reported unemployment held steady at 6.9%, lowest in two decades. Spain said registered unemployed people fell by 59,000 in December as employers in service sector added jobs. Lending to households and companies fell in November in the euro zone.

European Markets Trim Losses, Swiss Index Surges 2.9%

Barry Randall
03 Jan, 2013
New York City

European markets trimmed losses and Swiss market index played a catch up after holiday break. The benchmark index soared 2.9% in Zurich trading. Indexes across the region traded lower as resource and banks closed down.

Swiss Stocks Rally, Retailer Next Lifts Profit Estimate

Nigel Thomas
03 Jan, 2013
New York City

Alcatel-Lucent gained after Credit Suisse revised higher its views. K+S AG dropped after Chinese company bought fertilizer at a cheaper price from North American manufacturers. Next Plc gained on higher annual profit estimate. Swiss stocks rallied on higher luxury goods sales in Hong Kong.

U.S. Jobless Claims Rise, Retailers Drive December Sales on Deep Discounts

Nichole Harper
03 Jan, 2013
New York City

Stocks on Wall Street traded sideways after weekly jobless claims rose more than expected and private sector added 215,000 net new jobs in December. For the year, U.S. economy has added 151,000 net new jobs. Retailers reported comparable sales increased 4.5% on deep discounting.

India Movers: Geometric, NMDC, Tata Motors, Zodiac

Mukesh Buch
03 Jan, 2013
New York City

Indian Overseas Bank approved equity rights issue. Manappuram Finance surged on the expectations that the Reserve Bank may increase loan-to-value ratio on gold loans to 75%. Ramky Infrastructure arranged debt syndication.

U.S. Movers: Family Dollar, M, Ross Stores, SunPower, UniFirst, Worthington

Mukesh Buch
03 Jan, 2013
New York City

Family Dollar first quarter net edged up and lifted second quarter outlook. Macy

Australian Dollar, Stocks Advance; Brambles Completes Pallecon Purchase

Marcus Jacob
03 Jan, 2013
New York City

Australian stocks advanced to a new 19-month high following a rally in international markets. The Aussie dollar gained and resource stocks advanced after prices of crude oil jumped to a two-month high and metals prices increased.

Wall Street Extends Global Surge, Attention Shifts to Debt Talks

Bikram Pandey
02 Jan, 2013
New York City

Market indexes on Wall Street soared after lawmakers approved smaller tax increases and spending cuts and avoided the economy from sliding into a recession. Manufacturing expanded but construction activity fell. Markets in Europe and Asia soared at least 2%.

Australian Dollar Gains, Second Annual Home Price Decline in 2012

Marcus Jacob
02 Jan, 2013
New York City

Australian markets traded higher and stocks gained on the first day of trading. The Aussie dollar gained against the U.S. dollar and Japanese yen after iron ore prices rose to a new 8-month high.

India Movers: Aurobindo, Bajaj Auto, Gitanjali, SBI, Vadilal

Mukesh Buch
02 Jan, 2013
New York City

Bajaj Auto declined after January unit sales rose 18% to 3,13,583 units. Hero Honda plunged 5% after third quarter net profit decreased 20%. NMDC rose 0.2% on third quarter net profit soared 81.4%.

U.S. Movers: ArcelorMittal, Avis Budget, Acadia Healthcare, Middleby

Mukesh Buch
02 Jan, 2013
New York City

Avis Budget agreed to acquire Zipcar for $500 million. Acadia Healthcare completed acquisitions of Behavioral Centers and AmiCare. Middleby agreed to buy Viking valued at $380 million in cash.

U.S. Movers: Brady, Cal-Maine, Duff & Phelps, LMI Aerospace

Mukesh Buch
31 Dec, 2012
New York City

Brady Corp. agreed to purchase Precision Dynamics for $300 million. Cal-Maine second quarter net declined 39%. Duff & Phelps agreed to be acquired by a consortium of funds including Carlyle Group. LMI Aerospace completed acquisition of Valent Aerostructures for $237 million.

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