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Australian Budget Estimates 2.75% Growth Rate and Iron Ore Price at $48

Marcus Jacob
12 May, 2015
New York City

Australian federal budget offered incentives for small businesses and capital investments and softened unemployment burden for youth. In cautious approach, the government estimated annual iron ore price at $48 a ton and coal price at $90 a ton. Qantas surged after reporting a drop in fuel costs.

Sensex in India Falls 2.3%, Inflation at 4-Month Low

Mukesh Buch
12 May, 2015
New York City

Market indexes in volatile trading dropped and rupee dropped to a 2015-low. Apollo Tyres said net in the quarter rose 9% but revenues slipped 4%. Dr.Reddy''s Lab net jumped 8% on 10% increase in revenues. Union Bank net in the quarter slipped 23%.

S&P 500, Dow, Nasdaq Hit Valuation Barriers; China Cuts Rate Again

Nichole Harper
11 May, 2015
New York City

On Merger Monday market indexes trended lower and European markets closed down. Crude oil and gold turned lower. Greece said it is set to release payment due to the IMF tomorrow. Shanghai index surged 3% after China lowered rate for the third time in six months.

Actavis, Dean Foods, Sotheby

Mukesh Buch
11 May, 2015
New York City

Actavis net swung to a loss but revenues soared 60%. AES net swung to profit while revenues plunged 7%. DISH Network profit surged two-fold. Dean Foods net loss widened. Noble Energy agreed to acquire Rosetta Resources for $2.1 billion plus net debt of $1.8 billion.

DTZ Acquires Cushman Wakefield Stake for $2 B

Nigel Thomas
11 May, 2015
New York City

Agnelli family divested 75% stake in its U.S.-based Cushman unit to DTZ for $2 billion. GEA profit declined 14% but revenues jumped 6%. Lonmin pretax loss narrowed. Talanx profit jumped 16%.

Nikkei Rebounds on China Rate Cut, Toshiba Plunges 17%

Hiruki Nakamura
11 May, 2015
New York City

Nikkei average in Tokyo rebounded after China lowered its one-year lending and deposit rate by 25 basis points over the weekend. Toshiba plunged 17% after the conglomerate expanded its accounting investigation. Suzuki Motor estimate fiscal year net to rise 14%. Sega Sammy swung to annual loss.

India Stocks Extend Rally, Adani Restructuring Wins Court Approval

Mukesh Buch
11 May, 2015
New York City

Sensex in Mumbai Gains ahead of inflation and industrial production data tomorrow. Adani Power net in the quarter soared 72%. Bank of Baroda quarterly net plunged 48% but bad loan ratio fell to 1.9%. Kansai Nerolac Paints net increased 5%.

Australia Looks Ahead to Federal Budget, PanAust Backs $1.2 B Offer

Marcus Jacob
11 May, 2015
New York City

Australian market indexes opened higher but struggled to advance ahead of Federal Budget tomorrow. PanAust Limited backed a sweetened takeover offer of $1.2 billion from China controlled company.

Payroll Gains Lift Indexes by 1% in New York, European Markets Surge

Nichole Harper
08 May, 2015
New York City

Stocks on Wall Street jumped more than 1% after April jobless rate fell to 5.4% and net monthly new jobs increased by 223,000 from revised 85,000 in March. Indexes in Europe jumped also after Prime Minister David Cameron led Conservative Party won a slim but outright majority in the U.K. elections.

AOL, Biogen, NRG, Tribune Jump; HRG, NVIDIA Drop

Mukesh Buch
08 May, 2015
New York City

AOL net plunged 25% but revenues climbed 7%. CBS net declined 16%. Consolidated Edison net rose 3%. HRG net loss widened. McDonald''s U.S. comparable sales in April dropped 2.3%. NVIDIA net fell 2%. NRG Energy net loss widened.

Syngenta Rejects $45 B Monsanto Offer, BG Net Tumbles

Nigel Thomas
08 May, 2015
New York City

BG net tumbled 51% to $565 million on 21% decline in revenues. Laird forecasted revenues in the first-quarter climbed 24% to

Nikkei Plunges 3.2% in Short Trading Week, Toyota Net Surges 19%

Hiruki Nakamura
08 May, 2015
New York City

Shares in Tokyo struggled to advance on mixed earnings report and weak international trade data from China. Toyota annual net soared 19% on 6% increase in sales. Fast Retailing April sales surged 20%. Mitsui & Co annual net plunged 13%. Olympus net in the fiscal year swung to a loss.

Weekly Loss of 3% in Australian Index, Macquarie Group Net Up 26%

Marcus Jacob
08 May, 2015
New York City

Australian market indexes closed down in late afternoon sell-off and weak China trade data dented sentiment. Macquarie Group said annual net increased 26% and assets under management soared 14%.

Sensex in India Soars 2%; Hindustan Unilever Net Climbs

Mukesh Buch
08 May, 2015
New York City

Market staged a technical rebound on short covering and weaker-than-expected earnings from Punjab National, Hero MotoCorp and Titan. BASF India quarterly net swung to a loss. Blue Dart net and revenues jumped 13%. Hindustan Unilever profit climbed 17%.

Indexes on Wall Street Rebound, Jobless Claims Near 15-Year Low

Nichole Harper
07 May, 2015
New York City

Deals dominated market trading on Wall Street and indexes rebounded in early afternoon from the morning slump. Weekly claims of unemployment hovered near 15-year low last week despite uneven and moderate economic growth.

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