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Sensex Soars 1.6%, Hindustan Unilever Sells Bakery Business

Mukesh Buch
09 Sep, 2015
New York City

Hindustan Unilever sold its bakery business to Nimman Foods. JK Tyre jumped 3% and the company plans to make tyres scooters. Hindalco refinanced about $2.2 billion of debt and extended loans for 10 more years.

AEP, Barnes & Noble, Men's Wearhouse Decline

Mukesh Buch
09 Sep, 2015
New York City

AEP Industries net soared. Barnes & Noble net loss widened. Casey''s General net surged 23% while sales plunged 11%. HD Supply jumped 127%. Men''s Wearhouse profit soared on 15% increase in revenues. Titan Machinery net swung to profit.

ABB Lowers Revenues Forecasts, Ryanair Lifted Profit Outlook

Nigel Thomas
09 Sep, 2015
New York City

ABB lowered revenues forecast up to fiscal 2020. Bourbon net loss widened. Barratt Developments profit surged 47%. Hargreaves Lansdown net slumped 3%. Ryanair lifted profit forecast after traffic in the first-half jumped 13%.

Wall Street Rally Lifts S&P 500 2%, China Imports Drop

Nichole Harper
08 Sep, 2015
New York City

Wall Street indexes rebounded in a broad rally and the dollar advanced. Crude oil declined and European markets gained more than 1%. Indexes in Japan extended last week loss of 7% and China reported weaker than expected imports data.

GE Finalizes Alstom Power Deal, Mylan Offers $27 B for Perrigo

Mukesh Buch
08 Sep, 2015
New York City

GE received regulatory approval to acquire Alstom. Mylan offered $27 billion in cash-and-stock to Perrigo. Strategic Hotels agreed to be acquired by Blackstone Real Estate for $6 billion. Media General agreed to buy Meredith for $2.4 billion. Dover agreed to acquire Tokheim for $473.6 million.

Mitsui to Buy UK Based Amlin; Betfair, Paddy Power to Merge

Nigel Thomas
08 Sep, 2015
New York City

Amlin agreed to be acquired by Mitusi Sumitomo for

Nikkei in Negative Territory, Economic Contraction in Q2 Revised

Hiruki Nakamura
08 Sep, 2015
New York City

Nikkei average in Tokyo dropped more than 2% taking the index in the negative zone year to date. Nikkei has plunges nearly 18% from the high in February. Japan said economy in the second quarter shrank less than expected.

Australia Based Woodside Offered $11.7 B for Oil Search

Marcus Jacob
08 Sep, 2015
New York City

Australian market indexes opened higher and the benchmark ASX 200 index soared 1.7%. Late rally in China also supported market advance. The Aussie dollar continued to drift lower. Westpac Banking completed $1.3 billion note offering. Woodside Petroleum offered $11.7 billion for Oil Search.

Sensex in India Surges 1.7%, Rupee Advances

Mukesh Buch
08 Sep, 2015
New York City

JSW Energy plans to acquire thermal power project in Madhya Pradesh. Zomato, restaurant information and review site operator raised about $60 million. SpiceJet plans to buy around 100 turboprop aircrafts with list price of $3 billion.

Global Markets and Oil Drift Lower

Nichole Harper
07 Sep, 2015
New York City

Global markets lacked direction and trended lower as crude oil price declined on the rising production from Nigeria and North Sea. Stocks in China resumed the decline after a long weekend and U.S. markets were closed for Labor Day.

Tesco Sells Korea Business for

Nigel Thomas
07 Sep, 2015
New York City

Tesco agreed to sell its South Korean retail business to a group led by private-equity firm MBK Partners for

Yen Advances as China Stocks and Emerging Markets Currencies Slide

Hiruki Nakamura
07 Sep, 2015
New York City

Nikkei average in Tokyo closed up in thin trading and the yen gained after stocks in Shanghai fell sharply. Toshiba Corp, the diversified conglomerate embroiled in the accounting scandal reported annual sales in the year ending in March rose 3.3% and swung to a net loss.

Australian Stocks and Dollar Weaken on 4% Loss in Shanghai

Marcus Jacob
07 Sep, 2015
New York City

Australian indexes closed down and prices of crude oil and gold extended recent losses. Aussie dollar weakened further after traders look for the currency to continue to slide in the next six months. UGL Limited won a 4-year contract to provide a range of services including a tunnel construction.

Sensex Extends 4-Month Loss to 16%, Rupee Slides Again

Mukesh Buch
07 Sep, 2015
New York City

Reliance Infrastructure signed a naval and commercial services agreement with the U.A.E. based Abu Dhabi Ship Building. SREI Infra plans to sell its stake in Viom Networks. Hathway Cable and NATCO Pharma won RBI approval to sell additional stake to foreign investors.

Mixed Jobs Report Leads Another Sell Off on Wall Street

Nichole Harper
04 Sep, 2015
New York City

Market indexes on Wall Street declined more than 1.5% as the latest jobs report did little to calm investors. August month nonfarm payrolls increased less-than-estimated 173,000 and July employment was revised higher to 245,000. Jobless rate declined to 5.1%.

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