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S&P 500 and European Indexes Rebound After China Lowers Rates

Nichole Harper
25 Aug, 2015
New York City

Market averages in the United States rebounded after a 3-day sell-off that saw the S&P 500 index correct more than 10%. The sentiment was bolstered after positive data on the housing market and China moved to lower rates and loosen bank reserves. European markets jumped more than 3%.

Best Buy, Children

Mukesh Buch
25 Aug, 2015
New York City

Best Buy net advanced 12%. Children

Australian Markets Higher Despite Another Plunge in Shanghai

Marcus Jacob
25 Aug, 2015
New York City

Australian stocks braved higher despite the continued market sell-off in China and Japan. Resource and banking stocks led the gainers. BHP Billiton said quarterly net tumbled 86% and said oil and copper production to decline 6% in fiscal 2016.

Nikkei Exends Correction to 15% from Peak, Shanghai Plunges Again

Hiruki Nakamura
25 Aug, 2015
New York City

Nikkei deepened losses in the second week following large losses in world markets. However, markets in India and Korea rebounded but in Shanghai plunged again. Sony said it will offer commercial drone services from the next fiscal year. Toyota said it will suspend Prius hybrid production in Thailand

Antofagasta Retains Copper Outlook, BHP Profit Tumbles 86%

Nigel Thomas
25 Aug, 2015
New York City

Antofagasta profit more than doubled to $705.8 million but revenues plunged 31%. BHP Billiton net tumbled 86% and the miner lowered production outlook. Mitsubishi Electric agreed to acquire a majority stake in DeLClima. ICA Gruppen offered to increase its stake in Hemtex.

Sensex in India Jumps 1.1%, Rupee Bounces from Record Low

Mukesh Buch
25 Aug, 2015
New York City

Sensex in Mumbai rebounded in lock step with Asian markets bounce after four days of global decline. Adani signed an agreement with Chhattisgarh government to develop projects worth $4 billion. Netherlands-based Heineken NV plans to raises its stake 50% in United Breweries.

Wall Street Struggles with Large Losses, Global Sell-off Intensifies in Asia

Nichole Harper
24 Aug, 2015
New York City

Global markets extended losses in the second week and oil dropped to a new low in 2015. Volatile markets in New York saw wild price swings and markets indexes pared losses but market turmoil is likely to continue in the week.

Nikkei's 4.6% Plunge Extends Correction Beyond 10%

Hiruki Nakamura
24 Aug, 2015
New York City

Nikkei average in Tokyo plunged 4.6% following Asia-wide correction for the second week in a row. The reference index has now fallen more than 10% from the 2015-high. Shanghai index plunged 8.4% and turned negative for the year.

Australian Indexes Plunge 4%; Weak Results from Caltex and Fortescue

Marcus Jacob
24 Aug, 2015
New York City

Australian market indexes plunged 4% following a global market sell off. Crude oil fell more than 2% after another day of sharp decline in Shanghai and Hong Kong. Caltex, Fortescue and Lend Lease reported weakening quarterly results. Blue Scope Steel swung to quarterly profit.

Southern Co Buys AGL Resources for $12 B; Belk, Xerox Decline

Mukesh Buch
24 Aug, 2015
New York City

Southern Co agreed to acquire AGL Resources for $12 billion. Belk agreed to be acquired by Sycamore Partners for $3 billion. Cobalt Intl agrees to sell its 40% stakes in two offshore oil exploration blocks in Angola to Sonangol for $1.8 billion.

European Markets Plunge 4% as World Markets Near Bear Zone

Nigel Thomas
24 Aug, 2015
New York City

European markets dropped nearly 4% as world markets sell off extended to the second week. Amlin profit dropped 2% and the company denied reports that it is looking to sell its business. Bunzl profit surged 17% to

Sensex in India Plunges 5.9% as Global Markets Dive Second Week

Mukesh Buch
24 Aug, 2015
New York City

Stock markets plunged nearly 6%, the biggest falls since January 2009 after a sell-off in Shanghai for the second week extended global market losses of more than 10% from the recent highs. Central government plans to sell 10% stake in India Oil and raise up to $1.5 billion.

Global Markets Sell-Off Extends to Day Two, Weekly Losses of 4% Plus

Nichole Harper
21 Aug, 2015
New York City

World markets declined from Shanghai to Mumbai to Frankfurt to New York and several market indexes registered losses of more than 4% in the week. Investors have been selling stocks on the stretched valuation in U.S., lack of visible growth in the euro zone and sharpening slowdown in Asia.

Australian Markets Extend Weekly Losses, Santos Net Plummets

Marcus Jacob
21 Aug, 2015
New York City

Australian market indexes extended weekly losses on growing China worries and weakening international sentiment. ASX 200 dropped the most in six years as crude oil extended weekly losses in a second sell-off in the calendar year. Santos Ltd said quarterly revenues fell 15% and net plunged 82%.

HP, salesforce, Steiner Leisure Soar; Deere, Foot Locker, Intuit Fall

Mukesh Buch
21 Aug, 2015
New York City

Deere net plummeted 40% on 20% fall in revenues. Foot Locker net surged 29%. GAP net tumbled 34%. Hibbett Sports profit plunged 17% and the retailer lowered fiscal outlook. In its last result before split, HP said net and revenues declined. Intuit net swung to profit. Salesforce net loss narrowed.

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