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Australian Indexes in Weekly Advance of 2.8%

Marcus Jacob
20 Mar, 2015
New York City

Australian market indexes extended gains and the Aussie dollar traded firm near its six-year low after stocks in the energy and resource sectors rebounded. APN News and Media soared 5% after News Corp said it plans to increase its stake to 15%. Myer Holdings edged lower again.

Sensex Declines 0.7%, Rupee Steady

Mukesh Buch
20 Mar, 2015
New York City

Gayatri Projects secured road project worth ₹137 crore in Chhattisgarh. Mahindra First Choice Wheels Ltd plans to raise $15 million from the U.S.-based Valiant Capital. Wipro secured a five-year contract from U.S.-based utility company.

Stocks Turn Lower After Market Rally Fizzles, Oil Extends Losses

Nichole Harper
19 Mar, 2015
New York City

U.S. market indexes suffered as lawmakers exchanged barbs in how to control budget deficit and rising war spending. Seasonally adjusted weekly jobless claims rose 1,000. Preliminary current account deficit in the fourth-quarter widened to $113.5 billion.

Starbucks to Split Stock, Lennar Net Surges 47%

Mukesh Buch
19 Mar, 2015
New York City

Cintas net climbed 12%. Clarcor profit soared 10% on 12% increase in revenues. Herman Miller net jumped 8% and lifted revenue outlook. Lennar net surged 47%. Starbucks plans for 2-for-1 stock split, sixth since 1992. Tech Data net tumbled 27%. Williams-Sonoma net climbed 10%.

Oracle, Steel Dynamics Jump; Adobe, FedEx, General Mills, Guess Fall

Mukesh Buch
18 Mar, 2015
New York City

Adobe net climbed 81%. FedEx net surged 53% on 4% increase in revenues. General Mills profit plunged 16%. Guess net dropped 4.1%. Oracle profit fell 3%. Steel Dynamics climbed 5% on positive earnings outlook. Zebra Technologies net swung to a loss.

Eurotunnel, Smiths Group, Inditex Net Soar; Phoenix Net Tumbles

Nigel Thomas
18 Mar, 2015
New York City

Bilfinger net swung to a loss of

Fraport, Next, Rational Profit Climb; HeidelbergCement Net Plunges

Nigel Thomas
19 Mar, 2015
New York City

Fraport Services net jumped 6% to

February Trade Deficit in Japan Widnes 55%, Yen Eases

Hiruki Nakamura
18 Mar, 2015
New York City

Seasonally adjusted trade deficit in February widened 55% from January. Exports declined 7% and imports eased 3.4%. The yen weakening to above 121 against a dollar lifted market indexes in Tokyo. Seven & I jumped on a speculation that profit for the year ending in February is ahead of expectations.

Iron Ore Extends 3-Year Decline

Marcus Jacob
18 Mar, 2015
New York City

Australian market indexes traded volatile and Aussie dollar lacked direction ahead of U.S. Fed statement. Iron ore prices extended three-year losses as four largest iron ore miners in the world continue to ramp up capacity.

India Movers: IDBI Bank, L&T, RPP Infra

Mukesh Buch
19 Mar, 2015
New York City

IDBI Bank completed the stake sale in Credit Analysis and Research to LIC. Larsen & Toubro won orders for ₹1,255 crore in March. RPP Infra secured an order worth ₹16.6 crore from Mangalore SEZ Ltd. Rajesh Exports acquires export order about ₹1,265 crore from UAE.

Nikkei Declines 0.4% on Yen Volatility

Hiruki Nakamura
19 Mar, 2015
New York City

Japan indexes gained and the yen traded near its low in the year as the U.S. Fed left forecasted low rates to continue in the near future. Mitusi & Co Ltd acquired a minority stake in Penske Truck Leasing Co from General Electric Capital Corp.

Australian Markets Soar 1.9%, Iron Ore Price at 6-Year Low

Marcus Jacob
19 Mar, 2015
New York City

Australian market indexes soared following Fed announcement. BHP, Rio and Fortescue were in focus after 5% drop in iron ore price to a six-year low. Myer Holdings declined to a new low after first-half profit declined 23%.

Arcos, Burlington Stores, DSW Soar; Macerich Rejects $14.4 B Offer

Mukesh Buch
17 Mar, 2015
New York City

Arcos Dorados net tumbled 69% on 13% decline in revenues. Burlington Stores profit surged 49%. DSW net jumped 8%. FactSet Research profit soared 18%. EU antitrust regulator extended deadline on Alstom acquisition. Macerich rejected $14.39 billion unsolicited offer.

Europe Movers: IG Group, Sainsbury, Just Eat, OneSavings, Orange

Nigel Thomas
17 Mar, 2015
New York City

IG Group third-quarter revenues declined 5% to

Aussie Dollar Weakens on RBA Minutes, Stocks Reboun

Marcus Jacob
17 Mar, 2015
New York City

Australian stocks rebounded on the back of resource sector and banks. Gold and crude oil declined in trading in Asia and in Australia. BHP Billiton said the South32 spinoff cost is likely to reach $738 million.

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