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Nikkei Extends Gains, Suzuki to Acquire Stake from Volkswagen

Hiruki Nakamura
16 Sep, 2015
New York City

Nikkei average in Tokyo closed higher following the market advance in New York. Investors added exposure ahead of the U.S. Fed rate decision following the Bank of Japan

India Struggles with Rising Trade Deficit, Sensex Jumps 1%

Mukesh Buch
16 Sep, 2015
New York City

Trade deficit in August widened to a new monthly high after non-oil imports continued to rise at a faster pace. Trade deficit in the fiscal year between April and August declined marginally to $57.5 billion from $58.2 billion in a year ago period.

Dentsply in $5.6 B Deal with Sirona, FedEx Profit Declines

Mukesh Buch
16 Sep, 2015
New York City

Dentsply agreed to a merger with the rival Sirona Dental in $5.6 billion deal. GE divests its $3.7 billion portfolio of loans from its U.K.-based home lending portfolio. Ascena net swung to a loss. Cracker Barrel net soared 21%. FedEx profit declined 6%. United Natural Foods net jumped 8%.

Anheuser Targets SABMiller; Inditex, Richemont, Zodiac Sales Jump

Nigel Thomas
16 Sep, 2015
New York City

Anheuser Busch said it plans to acquire SABMiller. Glencore plans to raise $2.57 billion to reduce net debt. Inditex profit soared 26% on 17% increase in revenues. Richemont sales jumped 4%. Zodiac Aerospace revenues surged 18%.

Wall Street Rallies 1% on Retail Sales Data as Fed Decision Nears

Nichole Harper
15 Sep, 2015
New York City

Market indexes on Wall Street advanced more than 1% after August retail sales advanced more than expected indicating that the latest market turbulence had little impact on the consumer. S&P 500 index remained 4% down for 2015.

Bank of Japan Reaffirms Stimulus Program

Hiruki Nakamura
15 Sep, 2015
New York City

The Bank of Japan left its stimulus program on hold after a 2-day meeting and retained the rate of money printing as announced before. Itoham Foods, the second largest food company in Japan is in merger talks with the seventh-largest food processor Yonekyu.

Australian Political Chaos Leads to Fourth Prime Minister in Two Years

Marcus Jacob
15 Sep, 2015
New York City

Australian political uncertainty reached a new high after Malcom Turnbull forced out Prime Minister Tony Abbott in a leadership challenge. Australia has struggled to implement policies for nearly eight years with the revolving-door-government.

Gray Television, GTT Jump; Shiloh, Unilife Plunge

Mukesh Buch
15 Sep, 2015
New York City

Gray Television agreed to acquire privately-owned Schurz Communications for $442.5 million. GTT Communications agreed to buy One Source Networks for $175 million. Huron Consulting agreed to acquire Cloud62. Shiloh net tumbled 76%. Unilife net loss widened.

Weak German Confidence, Glencore Plunges 8%

Nigel Thomas
15 Sep, 2015
New York City

European markets closed higher but German business confidence declined on the emerging markets export worries. Kingfisher profit surged 10%. Tele Columbus agreed to acquire rival Pepcom for

Dalal Street Overlooks Sharp Fall in Inflation in India

Mukesh Buch
15 Sep, 2015
New York City

Market indexes in Mumbai declined and investors overlooked the latest decline in consumer price index. The Reserve Bank of India lifted foreign investment limit to 40% in the largest auto maker Maruti Suzuki India.

Rate Jitters Drive Sentiment on Wall Street and Global Markets

Nichole Harper
14 Sep, 2015
New York City

Stocks on Wall Street eased and crude oil and copper declined as investors awaited the outcome of Fed policy meeting on Thursday. Market sentiment was tentative after China reported slowing growths in investments and factory output.

Mylan Offers $27 B to Perrigo, Solera to go Private for $6.5 B

Mukesh Buch
14 Sep, 2015
New York City

Apple started accepting pre-orders for the iPhone 6s and iPhone 6s Plus. Mylan offered to acquire Perrigo Co for $27 billion. Solera agreed to be acquired by privately held Vista Equity Partners for $6.5 billion.

Nikkei Drops 1.6% on China Worries

Hiruki Nakamura
14 Sep, 2015
New York City

Nikkei average in Tokyo dropped 1.6% following Asian markets decline after China reported weakening factory output and fixed-asset investments data over the weekend. Shoei Foods, the dairy and confectionary maker said quarterly sales increased 9.1%.

Australian Market Struggle as Economic Slump Continues in China

Marcus Jacob
14 Sep, 2015
New York City

Australian market indexes struggled after the latest economic data from China showed weakening growth backdrop. Australian dollar edged higher. Oil Search rejected latest takeover overture from Woodside Petroleum.

Sensex in India Jumps 0.9%, Wholesale Price Decline Accelerates

Mukesh Buch
14 Sep, 2015
New York City

The wholesale prices in India declined at a faster pace in August, largely on 16% drop in fuel prices. Volatile vegetable prices, sensitive issues for most families, declined 21% but prices for pulses rose 36%. JK Tyre is a step closer to acquire tire unit of Kesoram for $300 million.

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