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U.S. Jobless Rate Fell, World Markets in Holding Pattern

Nichole Harper
02 Jul, 2015
New York City

U.S. payrolls expanded 223,000 in May and jobless rate fell to 5.3%. New orders for manufactured goods in May eased 1%. In the euro area wholesale inflation was stable. Monetary base in Japan continued to rise at a fast pace and investors worried about volatile markets in Shanghai.

BP Settled Additional Claims of $18.7 B, Centene to Buy Health Net

Mukesh Buch
02 Jul, 2015
New York City

BP settled additional claims of $18.7 billion related to Gulf of Mexico oil spill. Centene agreed to acquire Health Net for $6.8 billion. Delta Air June traffic increased 3.2%. Family Dollar net fell 2%. International Speedway net tumbled 38%. Paypal agreed to acquire Xoom.

Amadeus to Acquire Navitaire, UK Trims Stake in Lloyds Banking

Nigel Thomas
02 Jul, 2015
New York City

Amadeus agreed to acquire Navitaire for $830 million from Accenture. JBS agreed to acquire the U.S.-based Cargill''s pork business for $1.5 billion. U.K. government trimmed its stake in Lloyds to 15.9%. Sartorius Stedim agreed to acquire Germany-based Cellca.

Auto Sales in India Jumps in June, Sensex Eases

Mukesh Buch
02 Jul, 2015
New York City

June month auto sales gained after makers report better-than-expected vehicle sales. Ashok Leyland sales soared 41%, Bajaj Auto sales climbed 8% and Tata Motors total commercial and passenger vehicles sales including exports gained 6%. TVS Motor total sales climbed 8% and export sales soared 26%.

Nikkei Extends Gains, ABC-Mart Quarterly Sales Estimated to Rise

Hiruki Nakamura
02 Jul, 2015
New York City

Stocks in Tokyo traded higher after banks and financial services led the gainers. Monetary base in Japan continued to soar from a year ago according to Bank of Japan. ABC-Mart first-quarter sales are expected to rise 11% with same=store sales growth of 4%.

Australian Trade Narrows But Ahead of Expectations, Dollar Eases

Marcus Jacob
02 Jul, 2015
New York City

Australian dollar traded down after the June month trade deficit narrowed but stayed ahead of expectations. Stocks gained and the ASX 200 index jumped 1.5%. Pacific Brands soared after the retailer estimated higher annual operating profit.

Nikkei Extends Weekly Gains, Fast Retailing Plunges 4%

Hiruki Nakamura
03 Jul, 2015
New York City

Two widely followed indexes in Japan closed higher on Friday and extended weekly gains as investors focused on domestic and regional news. Fast Retailing plunged after the apparel retailer reported sharp decline in same-store sales. Family Mart first-quarter sales rose 12%.

Australian Index Drops 1%; Retail Sales Accelerate, Trade Deficit Narrows

Marcus Jacob
03 Jul, 2015
New York City

Australian market indexes dropped 1% after markets in China turned volatile and mood was tense in the euro zone ahead of Greece referendum. Retail sales growth accelerated at the fastest pace in three months and trade deficit narrowed in May to A$2.75 billion.

European Markets Looks Ahead to Greek Referendum

Nigel Thomas
03 Jul, 2015
New York City

Santander agreed to acquire 9.7% stake in consumer loans business for $928 million from DDFS. Technip and Samsung consortium wins two contracts. The 600 Group net surged 27%. British Polythene rose after positive outlook. Eco Animal Health net soared 50% on 22% increase in revenues.

India Approves $8 B Irrigation Plan, Bharti to Sell Africa Towers for $1.3 B

Mukesh Buch
03 Jul, 2015
New York City

Bharti agreed to sell its mobile tower assets in South Africa for $1.3 billion. Lupin agreed to acquire a Russia based generic pharmaceuticals maker. GSFC plans to invest nearly $1.8 billion in Dahej, Gujarat and set up four new manufacturing units.

Nikkei Extends Gains; Aeon and Lawson Shine on Results

Hiruki Nakamura
01 Jul, 2015
New York City

Nikkei average in Japan and extended weekly gains and the yen hovered near its recent low. Aeon Co, the retailer, estimated first-quarter revenues and profit rose more than expected. Retailer Lawson also reported improving sales and earnings.

ACE to Buy Chubb for $28 B, Peabody Tumbles on Higher Loss Estimate

Mukesh Buch
01 Jul, 2015
New York City

ACE agreed to acquire the Chubb Corp for $28.3 billion. Acuity Brands net surged 47% on 13% increase in revenues. AZZ net soared 34%. General Mills profit plunged 53%. Paychex net and revenues climbed. Peabody tumbled 22%. UniFirst net jumped 5%.

Australian Indexes Rebound 1%, Asciano in Takeover Talks

Marcus Jacob
01 Jul, 2015
New York City

Australian market indexes rebounded 1% on the hopes that the deepening crisis in the euro zone may be averted on a last minute deal. Asciano surged after it confirmed a takeover offer from a Canada based fund.

Greek Talks at Impasse as Crisis Unfolds, Airbus Wins China Contract

Nigel Thomas
01 Jul, 2015
New York City

Airbus secured contract from China Aviation Supplies Holding Company to supply 75 A330 wide-body jets. Anite net surged more than three-fold to

Sensex in India Reclaims 28,000 Mark, Maruti June Sales Jumps 1.8%

Mukesh Buch
01 Jul, 2015
New York City

Maruti Suzuki said June unit sales rose 1.8%. The Supreme Court of India said that the Petroleum and Natural Gas Regulatory Board has no power to set retail gas price of gas companies. Rajesh Exports is in talks to acquire a Switzerland-based gold refinery.

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