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Australian Indexes Drop 1.2% in November, BHP Faces $5.2 B Lawsuit

Marcus Jacob
30 Nov, 2015
New York City

ASX 200 index extended monthly loss to 1.2% on weakness in resource stocks. BHP and partner Vale SA face $5.2 billion damage lawsuit in Brazil. Mincor Resources changes management. Dick Smith books non-cash impairment of $60 million. Slate & Gordon rebounds.

GDP Growth in India Accelerates to 7.4%, Bharti to Expand Network

Sarla Buch
30 Nov, 2015
New York City

GDP growth in India accelerated to 7.4% in the fiscal second quarter. Amtek Auto said quarterly net swung to a loss. Bharti Airtel plans to invest $900 million in the next three years to expand coverage in India. Siemens India quarterly profit jumped 14% on 11% increase in revenues.

Nikkei in Tokyo Trims Weekly Gain to 1.5%

Hiruki Nakamura
27 Nov, 2015
New York City

Nikkei in Tokyo slipped after transport, textile and power shares declined. Nisshinbo, Sharp, Sumitomo Osaka Cement were among the worst performer. The consumer prices index in October increased 0.3% but jobless rate in October declined to a 20year low of 3.1%.

Early Caution in U.S. Holiday Shopping, World Markets Down on China Worries

Nichole Harper
27 Nov, 2015
New York City

Stocks on Wall Street traded sideways and shopper were in a cautious mood and search deeper bargains online. Holiday shoppers started early and most large discount stores began offering early bargains online to attract customers away from other online stores only.

Retailers in Focus as Holiday Shopping Kicks Off

Mukesh Buch
27 Nov, 2015
New York City

Retailers were in focus in New York trading as more customers shop online on Black Friday. China based social networking site Renren said net loss widened. Discount retailers Target and Wal-Mart report rising customer traffic at online stores.

China Worries Drag European Markets Led by Resource Stocks

Lucy Stoeva
27 Nov, 2015
New York City

European stocks were under pressure on the deepening economic slowdown in China. Rio Tinto plans to invest $1.9 billion to expand bauxite output. Royal Bank of Scotland booked a loss of

Ashok Leyland Wins Order in West Africa, Rupee weakened

Sarla Buch
27 Nov, 2015
New York City

Ashok Leyland won order for 3,600 vehicles worth $200 million from Cote d

Rio Tinto to Expand Bauxite Mining, Weekly Advance of 1% in Australia

Marcus Jacob
27 Nov, 2015
New York City

Australian markets lost steam in the afternoon and finished slightly lower. Rio Tinto plans to invest $1.9 billion in new bauxite project. Fox Sports, Nine Entertainment, and Telstra won the NRL broadcasting rights.

World Markets Trade Higher in Cautious Trading

Nichole Harper
26 Nov, 2015
New York City

European and Asian indexes closed higher in cautious trading and markets in New York were closed for Thanksgiving. Crude oil and commodities staged a mild rebound and investors in Europe anticipated another round of stimulus as early as next week.

Caleres, Deere, TiVo Soar; Guess Sales Fall

Mukesh Buch
25 Nov, 2015
New York City

Caleres net rose 3%. Deere & Co net tumbled 46% and revenues declined 25%. Guess profit and sales plummeted. TiVo net declined 16% while revenues jumped 12%.

ECB Action Anticipation, Infineon Results Lift European Markets

Lucy Stoeva
26 Nov, 2015
New York City

Stock markets headed north on Thursday, led by a rally in technology and mining. The euro tested seven-month low against the dollar. Infineon earnings were ahead of expectations and base metals price rebound boosted mining stocks.

Nikkei Tests 20,000 Mark, LCD Suppliers Fall

Hiruki Nakamura
26 Nov, 2015
New York City

Nikkei in Tokyo tested 20,000 market but failed to cross and the benchmark index closed up at a three-month high. Suppliers of LCD panels traded lower after Apple is said to select organic panels for its iPhone devices. SoftBank scheduled to raise 370 billion yen in a bond offering next week.

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