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Jump in Chinese Capital Outflow Forces PBOC to Lower Bank Reserve Ratio

Hiruki Nakamura
04 Feb, 2015
New York City

China joined other nations in offering more monetary support to economy as the economic growth slows and factory output growth struggles.

Nikkei Surges 1.9%, Largest Bank Mitsubishi UFJ Profit Rises 18%

Hiruki Nakamura
04 Feb, 2015
New York City

Stocks in Tokyo gained following better than expected profits from the largest bank Mitsubishi UFJ, Toyota Motor and Yamaha Corp. Astella Pharma said net income increased 38% in the nine-month period.

Second Day Advance in Australia Following a Rate Cut

Marcus Jacob
04 Feb, 2015
New York City

Australian market indexes gained for the second day in a row after RBA cut rates unexpectedly. Resource stocks advanced after commodities prices rebounded and oil traded at one-month high. Westfield sold some of its U.S. properties.

Heidelberger Net Loss Widen, Sky Net Surge; Glaxo Net Tumbles

Nigel Thomas
04 Feb, 2015
New York City

Glaxo profit tumbled 58.9% to

Sensex in India at 2-week Low; Airtel, Canara Bank Net Soar

Mukesh Buch
04 Feb, 2015
New York City

Alembic said net rose 7%. Bharti Airtel net surged 135% on 23% increase in revenues. Bharti Infratel net climbed 23%. Canara Bank net soared 60%. Tata Power net swung to profit. Gujarat Pipavav net climbed 16%. Wockhardt net jumped 14%.

S&P Agrees to Lowered $1.37 B Settlement

Nichole Harper
03 Feb, 2015
New York City

Standard & Poor

S&P 500 Index Jumps 1%, Stable Markets in Europe

Nichole Harper
03 Feb, 2015
New York City

Market indexes in New York jumped nearly 1.5% after oil price stabilized and reached one-month high. European markets also turned higher after Greece retreated from its debt write-off demands. Crude oil jumped 6%.

Archer Daniels, Aetna, UPS Profit Tumble

Mukesh Buch
03 Feb, 2015
New York City

Archer Daniels net tumbled 87%. Anadarko net loss in the quarter narrowed. Aetna net plunged 37% but revenues soared 12%. Emerson Electric profit surged 14% on flat revenues. Hartford Financial net climbed 22%. LyondellBasell net declined 33%. United Parcel profit plummeted 61%.

BP Net Swings to Loss; Banco Santander Net Surges

Nigel Thomas
03 Feb, 2015
New York City

Alfa Laval net jumped 5% to 911 million kronor on 19% increase in revenues. BG net loss widened to $5.03 billion and the natural gas company wrote down of $8.9 billion assets in Australia. BP net swung to a loss of $4.4 billion. Banco Santander net surged 39%. Ocado net swung to profit.

Greek Finance Minister Tones Down Debt Write Off Demand, Stocks Soars 11%

Nigel Thomas
03 Feb, 2015
New York City

Greek finance minister at a gathering in London with bankers suggested today that Greece will look for ways to exchange current debt with new securities where payments are linked to economic growth. The ASE Index in Athens soared 11% but closed up 9%.

Monetary Base in Japan Rises 37.4%, Mineba in Focus

Hiruki Nakamura
03 Feb, 2015
New York City

Airlines closed lower in Tokyo after oil price rose to one-month high and the yen gained. Electronics and auto exporters fell after the yen strengthened 0.5%. Mineba Co reported rising sales and net income for nine-month period. Panasonic said it will close its television unit in China.

Aussie Dollar Drops to New 5-Year Low After Rate Cut to 2.25%

Marcus Jacob
03 Feb, 2015
New York City

Reserve Bank of Australia lowered its reference rate for the first time since August 2013 by 25 basis points to 2.25%. Aussie dollar fell 1.5 cents to 76.60 U.S. cents to a new five-year low. Australian trade deficit narrowed in December and fell 3.9% in 2014.

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