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RBI in India Lowers Rate, Shree Renuka Brazil Units File Bankruptcy

Mukesh Buch
29 Sep, 2015
New York City

The Reserve Bank of India lowered its reference rate as anticipated but consumer price inflation in India remains elevated despite the deepening wholesale price deflation. Shree Renuka said its Brazilian unit acquired five years ago in debt-financed deals filed for bankruptcy protection.

Ahead of RBI Policy Meeting Stocks Turn Lower, Fertilizer Stocks Soar

Mukesh Buch
28 Sep, 2015
New York City

Stocks in Mumbai were on the defensive ahead of the economic policy meeting tomorrow. Central and state government agencies award more highway construction contracts. Petronet LNG prepares for $160 million bond offering. Fertilizer stocks soar.

TeleCity Merger Decision Looms, Quintain Bid Revised Higher

Nigel Thomas
25 Sep, 2015
New York City

European antitrust regulators are expected to decide on the merger between two data center operators TeleCity and Equinix for

Williams and Energy Transfer in $37.7 B Deal, Alcoa to Split

Mukesh Buch
28 Sep, 2015
New York City

Alcoa will split into two publicly traded companies. Apple sold more than 13 million iPhone 6 versions in three days of launch. Cypress Semiconductor plans to acquire Atmel for $4.6 billion. Comcast will acquire 51% stake in Universal Studios Japan theme park.

Anheuser to Pursue SABMiller, Vodafone, Liberty End Talks

Nigel Thomas
28 Sep, 2015
New York City

Anheuser Busch intends to offer $106 billion to the U.K.-based rival SABMiller. BASF launched new cost-cutting program. UniCredit agreed to divest its non-performing loans business for about

Nikkei Drops 1.3% as Stocks Go Ex-Dividend, Asahi Soars 7%

Hiruki Nakamura
28 Sep, 2015
New York City

Nikkei average in Tokyo dropped 1.3% and the yen traded above 120-mark against the U.S. dollar. Suzuki Motor agreed to sell its 1.5% stake in Volkswagen AG to Porsche Automobil SE. Asahi Co soared 7% after profit jumped 22% in the first-half.

Broad Sell-off on Wall Street and in Europe, Nasdaq Down 3%

Nichole Harper
28 Sep, 2015
New York City

Indexes on Wall Street plunged as much as nearly 3% after rattled investors took the latest decline in profit at Chinese industrial companies an opportunity to sell stocks. U.S. pending home sales index declined 1.4% in August. Healthcare stocks lead the decliners as politician toughen rhetoric.

Vocus, M2 Merger to Create 4th Largest Australian Telecom

Marcus Jacob
28 Sep, 2015
New York City

In thin trading, Australian market indexes closed higher despite the weakness in iron ore spot market. Banks led the rally in the benchmark index. Metcash was in focus on the expectation of a turnaround plan tomorrow.

Axel Agrees to Acquire Business Insider, Wolseley Profit Tumbles

Nigel Thomas
29 Sep, 2015
New York City

Axel Springer agreed to acquire 88% stake in the U.S.-based online financial news aggregator Business Insider. Alma Media issue tender offer for Talentum. Metso forecasted net sales for the year up to

Bed Bath & Beyond, Jabil, Nike Soar; BlackBerry, Finish Line Plunge

Mukesh Buch
25 Sep, 2015
New York City

BlackBerry net swung to profit but revenues tumbled. Bed Bath & Beyond lowered earnings outlook. Cintas profit slumped 9% while revenues soared 9%. Finish Line net fell. Jabil Circuit revenues jumped 15%. Nike profit surged 23%.

Tokyo Stocks Rebound as World Markets Dance on Fed Anticipation

Hiruki Nakamura
25 Sep, 2015
New York City

Market averages in Tokyo closed jumped nearly 2% and Nikkei Average trimmed weekly losses to 2.1%. World financial markets remained trapped in a vicious downward spiral as the U.S. Fed keeps rate low while inflation forces in the housing and other assets become more entrenched.

ASX 200 in Sydney Extends Weekly Loss to 2.2%, Home Price Worries

Marcus Jacob
25 Sep, 2015
New York City

Australian markets extended weekly loss on Friday and resource stocks took another beating. Skilled Group shareholders approved merger with PMS Ltd. Myer, the department store retailer shot up 9% after broker comments.

Caterpillar Job Cut and VW Scandal Set Global Market Decline Tone

Nichole Harper
24 Sep, 2015
New York City

U.S. stocks stayed in the negative territory and investors struggled to find a path from the uncertainty related to ongoing U.S. monetary policy and global economic slowdown. Caterpillar set the tone after announcing a large job cut and lowered sales outlook.

Aussie Dollar Dips Below 70 U.S. Cents Mark, ASX Jumps 1.5%

Marcus Jacob
24 Sep, 2015
New York City

Australian market indexes closed higher and defied the weak international market environment. The Aussie dollar closed below psychologically important 70 U.S. cents level. Fonterra reported a sharp in cost largely on aggressive cost cutting.

Nikkei Drops 2.8% After Manufacturing Growth Weakens

Hiruki Nakamura
24 Sep, 2015
New York City

Nikkei average plunged 2.8% after Japanese markets reopened after a 3-day holiday. Weakness in New York and Shanghai were compounded by weakening growth profile in manufacturing sector and falling yen. Auto and diesel filter makers led the decliners.

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