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Spectrum Auction in India Yields $16.5 B, Weekly Loss of 2.8% in Sensex

Mukesh Buch
27 Mar, 2015
New York City

Three leading wireless carriers Bharti Airtel, Idea Cellular and Vodafone and Tata Teleservices, Reliance Infocom and Reliance Jio committed nearly ₹109,000 crore or $16.5 billion in the largest wireless spectrum auction.

Oil Rally Lifts Australian Indexes, Chevron Exits Caltex After 40 Years

Marcus Jacob
27 Mar, 2015
New York City

Australian markets braved higher on the back of a sixth day rally in oil prices and gold extended seven day advance to 5%. Chevron agreed to sell its 50% stake in Caltex after 40 years as the U.S.-based oil explorer retrenches from refining businesses.

U.S. Stocks Struggle with Weekly Losses, Oil in 5-Day Rally

Nichole Harper
26 Mar, 2015
New York City

A mild rebound in tech stocks failed to lift the broader indexes and oil rally extended to fifth session in a row. S&P 500 index is down more than 2% in the week so far and the Nasdaq is down 3%, the largest weekly loss since October.

Accenture, Lululemon, Red Hat, Signet Surge; SanDisk Tumbles

Mukesh Buch
26 Mar, 2015
New York City

Accenture Net climbed 9%. ConAgra net swung to a loss but lifted earnings forecast. Lululemon surged 7% on positive outlook. PVH net swung to profit. Red Hat net jumped 6% on 15% increase in revenues. Signet Jewelers net rose 1%. SanDisk tumbled 17%.

Deutsche Postbank Net Drops, Telefonica Deutschland Net Swung to Loss

Nigel Thomas
26 Mar, 2015
New York City

Deutsche Postbank net plunged 16% to

Nikkei Turns Lower 1.4%, Ichibanya Net Soars

Hiruki Nakamura
26 Mar, 2015
New York City

Nikkei index in Tokyo closed lower following an Asia-wide sell-off sparked by more than 1% decline in New York. Ichibanya Co said third-quarter earnings surged 39% on 6% increase in revenues. Mitsubishi Motors plans to invest $500 million in Indonesia.

Australian Markets Plunge 1.6% in Asia-wide Decline

Marcus Jacob
26 Mar, 2015
New York City

Australian markets plunged following weak closing in New York. Despite the jump in oil prices, resource companies and banks declined. Bank of Queensland said net profit in the first-half increased 14%.

Sensex Plunges 2.3%, India Approves LNG Import for Power Plants

Mukesh Buch
26 Mar, 2015
New York City

Indexes in Mumbai led the decline across Asia after a sell-off in New York. Amtek Auto to buy U.S.-based TRW Automotive Holdings Corp.

S&P 500 Drops 1%, Heinz Kicks Off Consolidation in Food Industry

Nichole Harper
25 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after durable goods orders declined in February largely because of weakening exports on higher dollar. Heinz kicked-off long awaited consolidation in food industry with the purchase of Kraft at 27% premium.

Kraft Foods Agrees to $48 B Deal with Heinz, Apollo Education Plunges

Mukesh Buch
25 Mar, 2015
New York City

Apollo Education net swung to a loss on 14% decline in revenues. Kraft Foods agreed to merge with H.J. Heinz backed by 3G Capital and Berkshire Hathaway. Christopher & Banks net tumbled 22%. Lindsay profit plunged 33%. Lexmark plans to acquire Kofax for $1 billion. Paychex Net Jumped.

Airbus to Sell 17.5% Stake in Dassault, Balfour Beatty Loss Widens

Nigel Thomas
25 Mar, 2015
New York City

Airbus plans to sell its stake 17.5% in Dassault Aviation as the French government looks to raise capital. Balfour Beatty net loss widened to

Nikkei Finds Support in Rising Wages in Japan

Hiruki Nakamura
25 Mar, 2015
New York City

Nikkei index trimmed losses of the day after investors remained focused on dividend expiry on Thursday. Nikkei is likely to surpass 20,000 mark as long term investors remain in accumulation phase as wage gains spread across the economy.

Hosuing Markets Risks Rise in Australia

Marcus Jacob
25 Mar, 2015
New York City

Australian market indexes bounced around looking for a direction after Reserve Bank highlighted rising risks in the housing market. Aussie dollar gained and stocks closed higher in active trading.

Sun Completes Ranbaxy Merger, Tata Motors in $1.2 billion Issue

Mukesh Buch
25 Mar, 2015
New York City

Stocks in Mumbai declined for the sixth day in a row. NTPC won the latest coal mining awards as the central government speeds up allocation. Tata Motors announced a rights plan to raise $1.2 billion. Sun Pharma completed the purchase of the troubled Ranbaxy Laboratories.

U.S. Stocks Struggle, Inflation Picks Up on Higher Oil Price

Nichole Harper
24 Mar, 2015
New York City

Stocks on Wall Street lacked direction as investors assessed the latest read on consumer prices, corporate earnings and diverging growth data from the euro zone and China. The dollar remained firm against the euro and the yen as manufacturing index dropped to an 11-month low in China.

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