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Bristol-Myers to Buy Fibrosis Drug Rights, Exelon Reaffirmed Pepco Pursuit

Mukesh Buch
31 Aug, 2015
New York City

Bristol-Myers plans to acquire worldwide right for fibrosis drug from Promedior for $1.3 billion. Exelon reaffirmed to acquire Pepco Holdings. HealthSouth plans to acquire CareSouth Health for $170 million. Quanex Building Products agreed to acquire Woodcraft for $248.5 million.

Nikkei Drops 1.3% on Weak Industrial Production, Housing Starts Fall

Hiruki Nakamura
31 Aug, 2015
New York City

Nikkei average in Tokyo closed down following weak economic data. Industrial production in July declined unexpectedly by 0.6% and housing starts in the month plunged 7.4%. Auto production in the month decreased 5.9%.

VW Ordered to Sell Suzuki Stake, Bertelsmann Profit Surges

Nigel Thomas
31 Aug, 2015
New York City

Volkswagen was ordered by international arbitration tribunal to sell its 19.9% stake in Suzuki Motor. Maersk received approval to develop the Culzean gas field in the North Sea, U.K. Bertelsmann profit surged 55%.

Australian Indexes Drop 1%, Corporate Profits Fall 1.9%

Marcus Jacob
31 Aug, 2015
New York City

Australian market indexes dropped more than 1% and investors focused on the possibility of the first U.S. rate hike in more than a decade as early as next months. Australian corporate gross profits declined 1.9% in the June quarter. Infigen Energy, wind farm operator, reported widening loss.

GDP Growth in India Slows to 7%, ONGC to Invest $24 B in Mozambique

Mukesh Buch
31 Aug, 2015
New York City

ONGC plans to invest $24 billion in Mozambique to produce natural gas and Indian Oil plans to build a $3 billion petrochemicals plant in Iran. Gillette India profit surged 335%.

Celgene Completes Receptos Acquisition, Big Lots Soars on Outlook

Mukesh Buch
28 Aug, 2015
New York City

Celgene completed the acquisition of Receptos for $7.2 billion. Neogen agreed to acquire the U.K.-based rival Lab M. Autodesk net swung to a loss. Big Lots offered higher annual outlook. GameStop profit surged 35%. OmniVision net tumbled 60%. Ulta Salon net surged 22%.

Merck Sold

Nigel Thomas
28 Aug, 2015
New York City

Merck raised

Australian Stocks Extend Weekly Advance, Woolworths Net Drops 13%

Marcus Jacob
28 Aug, 2015
New York City

Australian market indexes gained and extended weekly advance. For the week, the ASX 200 index closed up 0.8%. Furniture and electronics retailer, Harvey Norman said annual net soared. Woolworths said full-year profit plunged 12.5%.

Nikkei Crosses 19,000, Record High Short-Selling Ratio in Tokyo

Hiruki Nakamura
28 Aug, 2015
New York City

Market indexes in Japan soared following a similar rebound in overnight trading in New York after the latest data offered a brighter view of the U.S. economic growth. However, caution prevailed and short selling ratio in Tokyo shot up to a record high of 39.8%.

Sensex Pares Weekly Decline to 3.6%, RBA Silent on Rupee Weakness

Mukesh Buch
28 Aug, 2015
New York City

Stocks in Mumbai rebounded but the rupee struggled and investors are increasingly questioning the lack of action from the Reserve Bank. Bharti is looking to sell 6,500 telecom towers in Sri Lanka and Bangladesh.

Calm Returns to World Markets, Brazil in Recession

Nichole Harper
28 Aug, 2015
New York City

Calm returned to world financial markets after seven days of volatile trading that saw major indexes swing wildly and plunge as much as 10%. Crude oil jumped for the second day in a row. Brazil entered technical recession after second quarterly contraction.

U.S. GDP Revision Supports 4% Market Surge, Global Markets Rebound

Nichole Harper
27 Aug, 2015
New York City

Stocks on Wall Street shot up after six days of losses and crude oil futures soared more than 10%. Market indexes in New York surged as much as 4% before trimming losses and European indexes closed up at least 3%. Emerging market currencies rebounded from the recent lows in Asia.

Sensex in India Soars 2%, Government Targets to Develop Smart Cities

Mukesh Buch
27 Aug, 2015
New York City

Sensex index in Mumbai surged 2% and rupee rebounded as Asian markets searched stability. The central government of India released a list of 98 cities covered in the smartcity mission. Bharti agreed to acquire Augere Wireless. HDFC plans to raise $300 million through a bond offering.

Nikkei Rallies as Yen Advances, Volatile Shanghai Index Soars 5%

Hiruki Nakamura
27 Aug, 2015
New York City

Nikkei average in Tokyo extended the recent rebound to the fifth day on the back of resurgent markets in New York and Europe. Yen continued to strengthen and indexes in Asia soared and currencies in India, Indonesia and Australia edged higher. Stocks in Shanghai surged to close up 5%.

Australia Extends Rebound to Day Three; Billabong, Ausdrill in Focus

Marcus Jacob
27 Aug, 2015
New York City

Australian market indexes gained for the third day in a row in the back of resurgent international markets. Australian dollar weakened to 71 U.S. cents. Billabong, the sportswear retailer swung to annual net profit. Ausdrill annual loss widened.

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