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Nikkei in Holding Pattern; Mazda and Mitsubhi Motors Drop

Hiruki Nakamura
27 Apr, 2015
New York City

Stocks in Tokyo lacked direction ahead of central bankers meeting in Japan and the U.S. and the beginning of Golden Week holiday. Mazda Motors eased on weaker profit outlook and Mitsubishi Motors said operating profit is expected to decline 8% in the current fiscal year.

Australian Market Indexes Rebound, M2 Offers Higher Bid for iiNet

Marcus Jacob
27 Apr, 2015
New York City

Australian market indexes advanced and resource and banking sector stocks led the gainers. M2 Group offered a competing and a higher bid of $1.6 billion to acquire the Internet services provider iiNet.

Sensex Wipes Out 2015 Gain; Bharti, ICICI, Maruti Net Jump

Mukesh Buch
27 Apr, 2015
New York City

Market indexes in Mumbai turned lower and rupee dropped to a five-month low. Bharti Infratel net in the quarter jumped 18%. ICICI Bank net and revenues climbed. Maruti Suzuki India net soared 61%. Ultratech Cement net declined 24% but revenues rose 5%.

Comcast and Time Warner Terminate Deal, New 15-Year High in Nasdaq

Manish Shah
24 Apr, 2015
New York City

Nasdaq index extended gains for the second day and reached a new intra-day 15-year high on strong quarterly results from Amazon, Google and Microsoft. Comcast abandoned its proposed $45 billion merger with Time Warner Cable after regulators raised competition issues.

Amazon, Google, Microsoft, Starbucks Climb; Biogen, Xerox Decline

Manish Shah
24 Apr, 2015
New York City

Amazon net swung to a loss. Biogen profit surged 71%. Comcast terminate its $45.2 billion deal. DTE Energy net tumbled 16%. Google profit jumped 4%. LyondellBasell net surged 24%. Microsoft net plummeted 12%. Starbucks net climbed 16%. Xerox net slumped 20%.

Volatile European Markets, HSBC Threatens to Leave U.K.

Nigel Thomas
24 Apr, 2015
New York City

European markets turned volatile and euro zone ministers concluded yet another meeting with Greece with no progress on hand. Air Liquide revenues climbed 7%. AstraZeneca profit soared 9%. HSBC plans to relocate headquarter to Hong Kong. Renault sales soared 14%. Reckitt Benckiser sales rose 1%.

Weekly Rise of 1.9% in Nikkei in Tokyo, Mitsubishi Motors in Focus

Hiruki Nakamura
24 Apr, 2015
New York City

Nikkei in Tokyo closed lower on Friday but gained 1.9% in the week when the index closed above for the first time in 15 years. Exedy Corp said fiscal year net declined 23%. Mitsubishi Motors estimated first-half sales to decline 1.5%. Monex Group fiscal year net plunged 67%.

Australian Indexes Jump 1.5% on a Rebound in Iron Ore Price

Marcus Jacob
24 Apr, 2015
New York City

Australian market indexes jumped 1.5% on the rebound in iron ore price and tech stocks. In active trading, stocks and Aussie dollar edged higher. ResMed plunged on weaker than expected quarterly results. Mount Gibson Iron reaffirmed its annual outlook.

Sensex in India Falls on Infosys Quarterly Earnings

Mukesh Buch
24 Apr, 2015
New York City

Gujarat Gas said net in the quarter soared 27%. Infosys net and revenues dropped. Steel Strips Wheels revenues fell 3%. Mahindra & Mahindra net jumped 9% on 14% increase in revenues.

Nasdaq Revisits Watermark 15 Years Later, Deutsche Settles Libor Probe

Nichole Harper
23 Apr, 2015
New York City

Nasdaq index passed the high set 15 years ago after the latest earnings from eBay and other tech companies. 10-year German bond yield declined from the record high. Deutsche Bank agreed to settle Libor rate manipulation investigation. Corporate finance activities heat up in India.

Caterpillar Net Soar; Eli Lilly, Face Book, P&G, Qualcomm Net Fall

Mukesh Buch
23 Apr, 2015
New York City

3M net slid 0.8%. BB&T net fell 2%. Caterpillar net soared 20%. Domino''s Pizza profit jumped 9%. Eli Lilly net tumbled 27%. eBay net swung to profit. Facebook net plunged 20%. GM profit surged eight-fold. PepsiCo net was flat. PG profit slumped 5%. Qualcomm net plummeted 46%.

European Markets Weak, Novartis Net Drops 6%

Nigel Thomas
23 Apr, 2015
New York City

European markets traded lower after economic activities were deemed to be slowing in a private survey. Ericsson profit declined 14%. Novartis profit plunged 6% to $2.3 billion on 7% decrease in revenues. WPP revenues in the first-quarter climbed 8%.

Nikkei in Tokyo Retains Upward Swing; JFE, JSR, Kao in Focus

Hiruki Nakamura
23 Apr, 2015
New York City

With corporate earnings in focus, Nikkei index closed above 20,000 for the second day in a row after fifteen years. CyberAgent said second-quarter revenues rose 29%. JFE Holdings said annual net rose 36%. JSR Corp said net gained 19% on nearly flat revenues.

Australian Business Confidence Falls, Fortescue Bond Offering in Demand

Marcus Jacob
23 Apr, 2015
New York City

Australian market indexes closed higher in volatile trading and the Aussie dollar held firm. Business confidence and conditions in the March quarter declined according to NAB survey. Fortescue Metals soared 9% after strong demand for its bond offering.

Corporate India Revs Up Fund Raising, Volatile Sensex

Mukesh Buch
23 Apr, 2015
New York City

Corporate fund raising activities pick up steam and Jet Airways, Biocon and Ramco Software are preparing to raise as much as $1.1 billion. HDFC Bank said net in the quarter jumped 21% on 22% increase in revenues. MRF net soared 95%. L&T Finance net rose 10%.

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