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Weekly Loss of 4.1% in Sydney, Energy Resources Plunges 48%

Marcus Jacob
12 Jun, 2015
New York City

Australian market indexes extended losses and fell 4.1% in the week. Aussie dollar edged higher and crude oil and gold advanced in local trading. Rio Tinto backed uranium miner Energy Resources plunged 48% after abandoning its expansion plans.

Takeover Activities Heat Up in India; ABG, PVR, Wipro in Focus

Mukesh Buch
12 Jun, 2015
New York City

Reliance plans to launch Reliance Jio in December this year. Wipro initiated talks with the UK-based outsourcing group Equiniti for takeover valued at

S&P 500 and European Markets Advance; IMF and Greece 'Far Apart'

Nichole Harper
11 Jun, 2015
New York City

Market indexes on Wall Street advanced and weekly jobless claims increased less than expected. The IMF recalled its debt negotiating team to Washington and contradicted Greek assertion that an agreement is in the offing.

Box, Krispy Kreme, Men's Wearhouse Climb

Mukesh Buch
11 Jun, 2015
New York City

Blackhawk Network agreed to acquire Achievers Corp for an undisclosed amount. Box net loss widened. Delta Air Lines plans to buy 40 Boeing 737 planes. Destination Maternity net plunged 68%. Krispy Kreme profit surged 11%. Men''s Wearhouse net tumbled 37%.

Airbus in

Nigel Thomas
11 Jun, 2015
New York City

Airbus secured contract worth about

Nikkei Surges 1.7%, Asian Markets Advance

Hiruki Nakamura
11 Jun, 2015
New York City

Nikkei average in Tokyo jumped following the gains in New York and Europe. Daiwa House set up a joint venture to build residential units in Malaysia. Supermarket retailer, Kobe Bussan Co Ltd reported better-than-expected earnings and sales.

Australian Jobless Rate Drops to 6%

Marcus Jacob
11 Jun, 2015
New York City

Australian market indexes traded higher for the second day in a row and the Aussie dollar held firm. Jobless rate in May declined to 6% from the revised 6.1% in April. Ramsay Health Care Limited soared after the private hospital operator reaffirmed earnings outlook.

India to Pump Capital in Struggling Banks, Sensex Falls 1.8%

Mukesh Buch
11 Jun, 2015
New York City

Central government is planning to pump $1.2 billion in state controlled banks and may need to do more if monsoon arrival is delayed. BEML won an order from Delhi Metro Rail Corporation. Aurobindo Pharma plans to invest ₹900 crore in drug development projects.

S&P 500 Surges 1.2%, DAX in Frankfurt Soars 2.4%

Nichole Harper
10 Jun, 2015
New York City

Market indexes on Wall Street gained on both sides of Atlantic on reports that Greece and international lenders are closer than expected in reaching a compromise. Johnson Controls is looking to sell its automotive business unit. Cap Gemini to raise

Assurant to Exit from Health Insurance, Johnson Controls Jumps

Mukesh Buch
10 Jun, 2015
New York City

Assurant will exit from health insurance business. Ferrellgas net plummeted 21% on 26% decline in revenues. Johnson Controls explore automotive business unit sale. Mattress Firm net plunged 29%. Sigma Designs net loss narrowed. SAIC net slipped 3%.

Bayer in

Nigel Thomas
10 Jun, 2015
New York City

Bayer agreed to sell its diabetes devices business to Japan-based Panasonic Healthcare for about

Nikkei at 3-Week Low, Tokio Marine in $7.5 B Deal to Buy HCC

Hiruki Nakamura
10 Jun, 2015
New York City

Stocks eased in Japan for the fourth day and the Nikkei average dropped to a three-week low after the yen advanced for the second day. BoJ Governor Kuroda said effective exchange rate is not likely to weaken more. Tokio Marine agreed to acquire U.S. based insurer for $7.5 billion.

Australia Halts 6-Day Fall; Westpac Splits Retail, Business Units

Marcus Jacob
10 Jun, 2015
New York City

Australian market indexes halted 6-day losing streak and the Aussie dollar was in focus after comments from the Reserve Bank Governor Glenn Stevens. Westpac Banking Corp is looking to split its retail banking unit. Woolworths plans to invest $650 million in Victoria State.

Sensex in India Jumps 1.4%, Rupee Advances

Mukesh Buch
10 Jun, 2015
New York City

Active value buyers lifted market indexes in Mumbai and 10-year government bond yield jumped to a six-month high 7.99%. DLF plans to sell its multiplex DT cinemas worth ₹500 crore to PVR. L&T Finance plans to sell a minority stake to the U.S.-based Bain Capital.

HSBC to Cut 50,000 Jobs, Indexes in New York and Europe Struggle

Nichole Harper
09 Jun, 2015
New York City

S&P 500 index rebounded in the late afternoon trading and wholesale sales increased 1.6% in April from the revises 3.3% decline in March. HSBC said it plans to cut 50,000 jobs in seven countries, sell businesses in Brazil and Turkey, and increase its focus in China and Asia.

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