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Asia Market Update

Nikkei Drops 0.8%, Cerberus to Sell Aozora Bank Stake
Jan 07, 2013 9:59 AM ET
Stocks in Tokyo turned lower after a sharp rally in the last four sessions in a row as the yen paused from its decline. Aozora Bank plunged after its controlling shareholder Cerberus Capital filed to sell its stake. >>

Ashoka in $150 M Deal, PNB Wins Metlife India Stake Approval
Jan 07, 2013 8:49 AM ET
Havells India revised trademark license agreement with its promoter. Indraprastha Gas raised cooking gas price in Delhi area. Marico split its Kaya unit as Marico Kaya Enterprises Ltd. Mahanagar Telephone Nigam delisted from New York Stock Exchange. >>

Tokyo Markets Reopen with Nikkei Surging 2.8%
Jan 04, 2013 10:45 AM ET
Stocks in Tokyo played catch up with the rest of the Asian markets and the yen declined to a new low in nearly three years. The Nikkei surged 2.8% and the Topix added 3.3%. Autos and industrial machinery makers led the gainers. >>

Jet Air in Deal Talks to Sell 24% Stake to Etihad
Jan 04, 2013 10:00 AM ET
Bharti Infratel is selected for FTSE global indexes from January 7. Jet Airways is in deal talks to sell 24% stake to Abu Dhabi based Etihad Airways. Airline sector in India is reeling with losses on record high fuel and low ticket prices. >>

India Movers: Geometric, NMDC, Tata Motors, Zodiac
Jan 03, 2013 8:30 AM ET
Indian Overseas Bank approved equity rights issue. Manappuram Finance surged on the expectations that the Reserve Bank may increase loan-to-value ratio on gold loans to 75%. Ramky Infrastructure arranged debt syndication. >>

Wall Street Extends Global Surge, Attention Shifts to Debt Talks
Jan 02, 2013 1:42 PM ET
Market indexes on Wall Street soared after lawmakers approved smaller tax increases and spending cuts and avoided the economy from sliding into a recession. Manufacturing expanded but construction activity fell. Markets in Europe and Asia soared at least 2%. >>

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc