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Aussie Dollar at 5-year Low, Skilled Group Rejects Takeover Offer

Marcus Jacob
22 Jan, 2015
New York City

Australian dollar traded near its five-year low and energy and mining companies led the advance in Sydney. Skilled Group rejected a takeover offer. Amcor Limited said chief executive will retire after leading the consumer packaging company for a decade.

India to Sell 10% Stake in NMDC, Suzlon to Sell German Unit

Mukesh Buch
22 Jan, 2015
New York City

Alembic said net swung to a loss. Century Plyboards net soared 110%. Dish TV net loss narrowed. ING Vysya Bank net fell 13%. L&T Finance net surged 66%. Raymond net slid 1% but sales jumped 13%. Suzlon sold its German unit for about $1.1 billion.

With ECB in Focus Stocks Trade Higher in New York and Europe

Nichole Harper
21 Jan, 2015
New York City

Stocks on Wall Street advanced and oil rebounded. Bank of Japan reaffirmed its plan to increase monetary based while European policy makers debate the size, timing and nature of bond buying program as the euro volatile euro traded in tight range.

Northern Trust, Netflix Soar; Fifth Third, IBM Drop

Mukesh Buch
21 Jan, 2015
New York City

Amphenol net and sales climbed 15%. Fifth Third Bancorp net declined 6%. IBM profit tumbled 11% on 12% decline in revenues. Northern Trust Corp net soared 44%. Netflix net climbed 72% on increase on subscribers. U.S. Bancorp net rose 2%. UnitedHealth net jumped 6%.

ASML Net Plunges 37%, Alstom Revenues Climbs 10%

Nigel Thomas
21 Jan, 2015
New York City

ASML Holding net tumbled 37% to

Bank of Japan Lowers Inflaiton Target as Growth Accelerates

Hiruki Nakamura
21 Jan, 2015
New York City

Bank of Japan reaffirmed its commitment to increase monetary base by annual 80 billion yen but lowered its inflation target on the recent plunge in oil price. Governor Haruhiko Kuroda said growth is expected to accelerate in the next fiscal year to 2.1%.

Australian Index Rises 1.6%, BHP to Cut U.S. Shale Production by 40%

Marcus Jacob
21 Jan, 2015
New York City

Australian indexes surged 1.6% following the advance in global markets and the Aussie dollar edged up. BHP reported quarterly production of iron ore increased 16% and also confirmed plans to cut shale oil exploration by 40% in the U.S.

Global Investors Lift India Bond Purchases, Zee, ITC Net Rise

Mukesh Buch
21 Jan, 2015
New York City

Crompton Greaves secured a contract worth $26 million from Indonesia. ITC said profit rose 11%. Praj Ind net plunged 49%. Rallis net declined 16%. Tata Elxsi net climbed 29%. Zee net surged 44% but total subscription revenues slid 2%.

U.S. Stocks and Oil Drops, IMF Cuts Global Economic Outlook

Nichole Harper
20 Jan, 2015
New York City

Stocks in New York declined and crude oil fell and gold gained. European markets advanced. IMF lowered its global growth outlook and said U.S., Canada and India are likely to sustain expansion while Russia, Brazil and the euro zone struggles and China faces a slowdown.

Morgan Stanley Net Surges, J&J Profit Plunges

Mukesh Buch
20 Jan, 2015
New York City

Baker Hughes net surged 167% on 13% increase in revenues. Delta Air Lines net swung to a loss. Halliburton net and revenues climbed 14%. iGATE net jumped 15% on 11% increase in revenues. Johnson & Johnson net plunged 28%. Morgan Stanley net surged to $920 million.

European Markets Advance; Unilever Profit Climb; SAP Net Falls

Nigel Thomas
20 Jan, 2015
New York City

Novozymes profit climbed 15% to 2.5 billion kronor on 6% increase in revenues. SAP net profit fell 1% to

Nikkei Soars 2.1% and Extends Two-day Rally, Itochu to Take Citic Stake

Hiruki Nakamura
20 Jan, 2015
New York City

Nikkei index in Tokyo soared 2.1% and extended gains for the second day in a row and the yen weakened. Itochu and Thailand based Charoen Pokphand Group filed to acquire 10% stake in China controlled Citic.

Australian Stocks Struggle on China Slowdown; ANZ, GUD QBE in Focus

Marcus Jacob
20 Jan, 2015
New York City

Market indexes in Australia eased after China said economic growth dropped to 7.4% and expanded at the slowest pace in 24 years. Commodities and oil prices were under pressure after the IMF lowered its estimate of global economic growth.

Sensex in India Soars to Record High, Kotak Mahindra Net Surge

Mukesh Buch
20 Jan, 2015
New York City

Hindustan Zinc profit surged 38%. Info Edge net rose 20%. Kansai Nerolac signed a joint venture to enter Sri Lanka market. Kotak Mahindra Bank net climbed 37% on 20% increase in revenues. South Indian Bank net plunged 38% but revenues jumped 10%.

World Markets Await ECB Stimulus Plan

Nichole Harper
19 Jan, 2015
New York City

Markets in Europe gained ahead of ECB meeting later in the week and oil prices closed down in London trading. Shanghai market indexes plunged nearly 8% after regulators limited the margin lending. Yield on 10-year Japanese government bonds dropped to a record low of 0.2%. U.S. markets were closed.

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