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Seven-Month Low in Nikkei in Tokyo, Largest Weekly Loss in 17 Months

Hiruki Nakamura
04 Sep, 2015
New York City

Nikkei average declined more than 2% and extended weekly loss to 7% in the largest weekly drop since April 2014. The widely followed benchmark declined to a new seven-month low.

Aussie Dollar Drops Below 70 U.S. Cents, New Six-Year Low

Marcus Jacob
04 Sep, 2015
New York City

Aussie dollar drops to a new six-year low as foreign investors dump the weakening currencies of resource exporting nations. For the week the ASX 200 index declined 4.3% in volatile trading.

Sensex Declines 2.2%, Rosneft Sells Oil Field Stake to ONGC

Mukesh Buch
04 Sep, 2015
New York City

Russia-based Rosneft plans to sell 15% stake in one of its largest oil fields for $1.27 billion to ONGC. Reserve Bank of India lifted foreign investor stake limit to 40% in Ashok Leyland. Rajesh Exports extended the latest string of export order win with a new order from Singapore.

BlackBerry to Acquire Good Technology, Allergan to Buy AqueSys

Mukesh Buch
04 Sep, 2015
New York City

Allergan agreed to acquire AqueSys for $300 million. BlackBerry agreed to acquire Good Technology for $425 million. Cooper net tumbled 49% but revenues jumped 7%. Esterline lowered annual outlook. UTi Worldwide net loss widened. VeriFone net swung to profit.

Bwin. Accepts Higher Bid from GVC; Neopost and Lufthansa Surge

Nigel Thomas
04 Sep, 2015
New York City

Bwin.Party accepted a higher offer from GVC and terminated merger plan with 888 Holdings. Altran profit surged 34% on 11% increase in revenues. Aer Lingus passenger traffics in August jumped 5.3%. Emis profit jumped 8%.

Stocks Lose Steam on Wall Street; ECB Lowers Inflation, Growth Targets

Nichole Harper
03 Sep, 2015
New York City

Investors looked ahead to the monthly employment data release tomorrow. Global markets gained in quiet trading and bond yields fell in the euro zone after the European Central Bank trimmed growth and inflation outlook.

Nikkei Closes Higher Following New York Rebounce

Hiruki Nakamura
03 Sep, 2015
New York City

Nikkei average in Tokyo closed higher and the yen strengthened in thin trading. Nikkei traded above 18,000 but investors worried that the quarter profit may fall below expectations.

Weak Australian Retail Sales and Exports Add to Economic Anxieties

Marcus Jacob
03 Sep, 2015
New York City

The latest read on Australian retail sales added to domestic economic anxieties following the weak economic growth data released this week. In addition, trade deficit in July narrowed but core exports of coal and metal ores fell.

Syngenta Announces $2B Repurchase Plan, UCB in $1.2 B Deal

Nigel Thomas
03 Sep, 2015
New York City

Syngenta announced a share repurhcase plan of more than $2 billion. UCB unit agreed to be acquired by Lannett for $1.2 billion. easyJet lifted fiscal outlook. Co-operative Group swung to profit. Lookers agreed to acquire Benfield Motor.

Sensex in India Soars 1.2%; VA Tech Wabag Wins Order in Malaysia

Mukesh Buch
03 Sep, 2015
New York City

Volatile Sensex in Mumbai jumped up more than 1% following relative stability in world markets. Punj Lloyd plans to invest $300 million to expand its defense facilities. VA Tech received an order from Malaysia-based Petronet worth $250 million.

AOL Acquired Millennial Media, Medtronic Net Falls

Mukesh Buch
03 Sep, 2015
New York City

Lannett agreed to acquire a unit of UCB for $1.2 billion. AOL agreed to acquire Millennial Media for $250 million. Campbell Soup net tumbled 45%. Ciena profit jumped 46%. Greif net plunged 37.2% but lifted fiscal outlook. Joy Global net plunged.

For Now Global Markets Stable on China Steps, U.S. Productivity Jumps

Nichole Harper
02 Sep, 2015
New York City

Global markets stabilized after China took steps to support stocks with the help of nine large brokerage houses. Stocks on Wall Street advanced after productivity rose at a faster pace in the second quarter. Crude oil eased on rising inventories.

Valeant to Buy Synergetics, AeroVironment Plunges 11%

Mukesh Buch
02 Sep, 2015
New York City

AeroVironment net loss widened. Ambarella net more than doubled. H & R Block announced a stock buyback plan of as much as $3.5 billion through June 2019. Navistar sales declined 11%. Valeant agreed to acquire surgical devices maker Synergetics for $6.50 a share.

European Markets Rebound, Vivendi Increase Dailymotion Stake

Nigel Thomas
02 Sep, 2015
New York City

Ashtead profit surged 36% on 26% increase in revenues. Halfords plunged after comparable bicycles and accessories sales declined 11%. Ryanair said passenger count in August surged 10%. Vivendi increased stake in Dailymotion to 90%.

Sensex Drops 0.9%; Bajaj, TVS Sales Rise, Hero, Tata Motors Sales Fall

Mukesh Buch
02 Sep, 2015
New York City

Indexes in India declined and vehicle makers reported mixed sales. Hero MotoCorp, the largest two-wheeler maker said sales in August declined 14% but Bajaj sales rose 2%. Third largest scooter maker TVS Motor said sales edged up 0.7%. Largest truck maker Tata Motor said domestic sales fell 3%.

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