Market Update

Abercrombie & Fitch, Express, Oshkosh Jump; Heico, Schlumberger Fall

Mukesh Buch
26 Aug, 2015
New York City

Monsanto withdrew from $47 billion offer for Syngenta. Schlumberger agreed to acquire Cameron Intl for $14.8 billion. Oshkosh secured $6.7 billion contacts from the U.S. Army. Chico''s net tumbled. Express net surged.

Online Gambling Sites in

Nigel Thomas
26 Aug, 2015
New York City

Betfair agreed to a

Second Day Rebound in Australian Despite Global Markets Volatility

Marcus Jacob
26 Aug, 2015
New York City

Australian markets traded higher for the second day as wild market swings persisted around the world. Westfiled Corp, global developer of malls said annual net swings to profit. Worleyparsons, the engineering contractor said annual revenues fell 8%.

Resurgent Volatility in Global Markets, Wild Swings on Wall Street

Nichole Harper
26 Aug, 2015
New York City

Stability remained elusive in global markets for the seventh day in a row as market indexes extend recent losses from peaks to between 12% and 15%. U.S. stocks are in their first decline of more than 10% since 2011. After wild swings, Shanghai markets closed down 1.3%.

Sensex in India Drops 1.2%; Indian Oil to Build Pipeline to Nepal

Mukesh Buch
26 Aug, 2015
New York City

Sensex in Mumbai traded down in volatile trading and energy stocks and banks were in focus. Another day of wild swings in Shanghai put Asian markets on alert and casted doubt on Chinese economic strength.

Nikkei Rebounds 4%, Asian Markets Slide on Volatile Shanghai

Hiruki Nakamura
26 Aug, 2015
New York City

Nikkei average rebounded after a week of sustained selling following three four days of selling but volatility in Shanghai continued to drive the stock market trading sentiment around the world. The yen gained but crude oil drifted lower to a new six-year low.

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.