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RBA Minutes in Australia Raise Hopes for Additional Rate Cuts

Marcus Jacob
19 May, 2015
New York City

ustralian stocks traded lower in weak market sentiment and Aussie dollar edged down. Market indexes swung higher in a brief rally after the release of latest RBA minutes of meetings. Bega Cheese fell 4% on weak annual profit outlook.

Sensex Falls in Choppy Trading, Zuari Takes Stake in Mangalore Chemicals

Mukesh Buch
19 May, 2015
New York City

Market indexes in India closed down in choppy trading. Colgate-Palmolive India said net climbed 24% on 11% increase in revenues. Bharti Airtel agreed to buy Augere Wireless for about ₹150 crore. Mahindra Holidays net plunged 57%.

Deals Drives S&P 500 and Dow Jones to New Record Highs

Nichole Harper
18 May, 2015
New York City

Stocks on Wall Street overcame morning weakness and traded higher on merger deals. Confidence index measuring home builders declined in May. U.S. Treasury bonds edged lower and the S&P 500 and the Dow Jones index traded at record highs. Luxury goods makers sue China based Alibaba.

Ascena Agrees to Acquire Ann, Endo to Buy Par for $8 B

Mukesh Buch
18 May, 2015
New York City

Ascena Retail agreed to acquire apparel retailer Ann for $2 billion. Par Pharmaceutical agreed to be acquire by U.K.-based Endo International for $8 billion. Elbit Systems net declined 8% but revenues jumped 4%. Kite Pharma net loss widened. W.P. Carey net tumbled 69%.

Endo in $8 billion Deal with Par, Kabel Deutsch Net Swings to Profit

Nigel Thomas
18 May, 2015
New York City

Endo International agreed to acquire the U.S.-based Par Pharmaceutical for $8 billion. Babcock Intl profit surged 42% on 21% increase in revenues. Cranswick net declined 4%. Kabel Deutschland net swung to profit to

Nikkei Surges 1.3% on Strong Machinery Orders, Dai-ichi Life Lifts Dividend

Hiruki Nakamura
18 May, 2015
New York City

Nikkei average in Tokyo closed at a 3-week high after machinery orders increased in March rose 2.9%. Insurance company stocks jumped after Dai-ichi Life lifted dividend payout. Marubun Corp said annual net rose 7.6%.

Australian Indexes Drop 1.3%, BHP Spins Off South32

Marcus Jacob
18 May, 2015
New York City

Australian market indexes declined 1.3% and the Aussie dollar traded above 80 U.S. cents. Australian vehicles sales in April declined 1.5% to below 95,000. South32 Limited began trading as a separate mining company after BHP completed the spin-off.

Sensex in India Jumps 1.3%, Asian Paints, Nestle, Tata Coffee Net Climb

Mukesh Buch
18 May, 2015
New York City

Sensex in Mumbai advanced on the rate cut prospects and normal monsoon season. Asian Paints said net climbed 19%. Jain Irrigation net and revenues surged. Nestle India net jumped 24%. Tata Coffee net more than doubled on 13% increase in revenues. Torrent Pharma net plunged 47%.

Global Markets Jittery on Fresh Doubts of U.S. Economic Rebound

Nichole Harper
15 May, 2015
New York City

Market indexes on Wall Street extended losses for the fourth day in a row after weak consumer sentiment and industrial production data. SEC said it is looking to hoax bid for Avon Products. Carl Icahn, activist investor has invested $100 million in cab hailing service Lyft Inc.

Applied Materials Jumps; Arista, Dillard's, Eagle Materials Decline

Mukesh Buch
15 May, 2015
New York City

Arista Networks net soared 99% on 53% jump in revenues. Applied Materials net climbed 39%. Dillard''s net dropped 2%. Eagle Materials net more than doubled. Nordstrom profit plunged 9%. Symantec net tumbled 19%.

British Land Net Surges, Vedanta Writes Down Oil Assets in India

Nigel Thomas
15 May, 2015
New York City

British Land net surged 54% to

Nikkei Rebounds; Detsu Announces Buyback Plan, Sharp Plunges

Hiruki Nakamura
15 May, 2015
New York City

Nikkei average rebounded in Tokyo. Dentsu Inc and Marui Group joined other Japanese corporation in announcing share buyback plans and increasing dividend payout. Sharp Corp plunged after the company announced a restructuring plan that many felt did not go far enough.

Macquarie to Acquire Crown Castle Australia, ASX Extends Rally

Marcus Jacob
15 May, 2015
New York City

Australian market indexes increased 0.7% and extended weekly advance to 1.8%. Aussie dollar traded above 80 U.S. cents and prices of crude oil and gold closed higher in volatile trading.

3-Day Rebound in Rupee; GSFC, Infosys Profit Decline

Mukesh Buch
15 May, 2015
New York City

Dena Bank and Bank of Maharashtra reported rising loan losses and weak earnings as corporations struggle to lift earnings. Cadila net in the quarter soared 47%. GSFC net and revenues declined. Infosys net falls 5%. JK Tyre surged 136%. Jubilant Food climbed 26% on 25% increase in revenues.

U.S. Stocks Rally Nearing in Record Highs, Jobless Claims at 15-Year Low

Nichole Harper
14 May, 2015
New York City

Market indexes on Wall Street advanced and broader indexes traded near record highs and yield on 10-year U.S. treasury bond edged down to 2.25%. Wholesale prices fell in April and weekly jobless claims hovered near 15-year lows.

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