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Australian Resource Stocks Lead a Rebound, AGL Energy in Restructuring

Marcus Jacob
26 May, 2015
New York City

Australian market indexes closed higher on a slight rebound in iron ore price. Banks and resource stocks were in focus. AGL Energy said it plans to sell $1 billion in assets and cut costs in a restructuring move. Ozforex plunged 10% despite reporting 52% jump in earnings.

Rupee in India at New Yearly Low; Tata Motors Net Rises, Essar Oil Net Falls

Mukesh Buch
26 May, 2015
New York City

Rupee dropped to a new low in the year so far as oil price continues to hover near the high in 2015. Domestic earnings lifted market mood for selective companies. Tata Motors said net in the fourth-quarter rose 6%. Essar Oil net plunged 46%. Future Retail net and revenues surged.

Markets in Europe and Asia Struggle, U.S. and U.K. on Holiday

Nichole Harper
25 May, 2015
New York City

In quiet trading in Europe and in Asia, indexes generally traded lower as the U.S. and U.K. markets were closed. Euro was in focus after Greek default worries resurfaced and indexes in Spain dropped more than 2%.

Trade Deficit in Japan Plunges in April, Nikkei Advances

Hiruki Nakamura
25 May, 2015
New York City

Nikkei average in Tokyo closed higher and April month trade deficit tumbled after exports to the U.S. and the European Union advanced. Takata Corp declined after Mazda said it will recalls vehicles in Australia to fix airbag related problems.

European Markets Drops on Spain Election Results and Greek Worries

Nigel Thomas
25 May, 2015
New York City

Spain

Independence Offers A$1.8 B for Sirius, Australian Indexes Advance

Marcus Jacob
25 May, 2015
New York City

Australian market indexes closed higher on Merger Monday. Independence offered to acquire Nickel miner Sirius Resources for $1.8 billion and said it will spin-off the merged asset as a new company.

Senesex in India Drops 1%; Petronet, Mangalore Refinery Net Rises

Mukesh Buch
25 May, 2015
New York City

Market indexes in Mumbai dropped 1% and investors turned cautious after markets in Asia declined. ITC said net in the quarter rose 4%. Chennai Petroleum net soared 20%. City Union Bank net climbed 19%. DCW net surged 92%. Gujarat State Petronet and Mangalore Refinery net climbed.

Pick Up in Inflation and U.S. Stocks Rest Ahead of Memorial Day Weekend

Nichole Harper
22 May, 2015
New York City

Core rate of inflation in April rose faster than expected as prices excluding food and fuel advanced. Stocks meandered ahead of Memorial Day weekend. The Dutch government announced a plan to sell its stake in ABN Amro as early as in the fourth quarter.

Expedia Sells eLong Stake; Intuit Lifts Forecast, HP Sales Fall 7%

Mukesh Buch
22 May, 2015
New York City

Expedia sells its 62.4% stake in China-based eLong for $671 million. Aeropostale net loss narrowed. Brocade net swung to profit. Campbell Soup net slid. Deere net tumbled 30%. Foot Locker profit soared 14%. Gap net declined 8%. HP net plunged 23%. Intuit lifted outlook.

Bank of Japan Holds Bond Program, Nikkei in 6-Day Rally

Hiruki Nakamura
22 May, 2015
New York City

Bank of Japan offered a slightly upbeat assessment of the economic recovery and held its unprecedented monetary stimulus. Stocks rallied for the sixth session in a row. Market capitalization of stocks on the mainboard of TSE closed at a record high after 26 years.

Iron Ore Price at 3-Week Low, Australian Miners Ease

Marcus Jacob
22 May, 2015
New York City

Australian market indexes struggled after iron ore prices declined for the eighth session in a row and dropped to a 3-week low. The latest decline in the Australia

AXA to Acquire Insurer in Brazil; Richemont, Severn Trent Net Decline

Nigel Thomas
22 May, 2015
New York City

Axa agreed to acquire SulAm

State Bank of India Net Surge Powers Sensex Advance

Mukesh Buch
22 May, 2015
New York City

State Bank of India said quarterly net soared 23% and net non-performing assets declined. Regional banks surged in the sector rally. Voltas soared 8% on 18% increase in quarterly profit. Britannia surged 7% on a 55% surge in net. Indiabulls net income doubled.

Fed Powered Market Ascent Continues on Wall Street

Nichole Harper
21 May, 2015
New York City

Market indexes powered ahead and further in the record zone after weekly jobless claims met expectations. Fed minutes also supported the view that rates are not likely to rise at least for another two months and increase is likely to be modest.

CVS Health in $13 B Deal with Omnicare; Best Buy Climbs, NetApp Plunges

Mukesh Buch
21 May, 2015
New York City

CVS Health agreed to acquire Omnicare for $12.7 billion. Cato net jumped 4%. Best Buy net plunged 72%. Buckle profit declined 10%. Dollar Tree net plunged 50%. L Brands profit surged 60%. NetApp net plummeted 32%. Salesforce net swung to profit.

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