- Nichole Harper
- 03 Oct, 2013
- New York City
U.S. market indexes trended lower as world investors began factoring a possible debt default and rising probabilities of a prolonged government default. With each passing day investors are debasing the fate of the reserve currency of the world.
- Hiruki Nakamura
- 03 Oct, 2013
- New York City
Stocks in Tokyo and Asia generally closed down as world investors began to factor in long term implications of the U.S. government shutdown and a debt default possibilities rise. U.S. is the largest debtor nation on the earth and increases its annual debt $1 trillion.
- Mukesh Buch
- 03 Oct, 2013
- New York City
Bassett Furniture net fell but sales jumped. Constellation Brands profit surged to $1.52 billion. CalAmp net plunged 24% and revenue surged 34%. Electro Rent climbed 12% and International Speedway said quarterly loss widened. Texas Industries net swung to profit.
- Nigel Thomas
- 03 Oct, 2013
- New York City
Aviva sold its U.S. unit for
- Marcus Jacob
- 03 Oct, 2013
- New York City
Australian stocks traded higher and the dollar gained as Asian markets shift focus to domestic events. Australian service industry growth eased in September. Leighton in a lengthy statement denied allegation that it participated in corrupt practices to win contracts in Iraq, Indonesia and Malaysia.
- Nichole Harper
- 02 Oct, 2013
- New York City
U.S. market indexes declined as government remained shut for the second day. The White House summoned top lawmakers to settle on a short-term budget to reopen the government and move the negotiations to decide on the debt limit revision.
- Mukesh Buch
- 02 Oct, 2013
- New York City
Global Payments net soared 38% as revenue jumped. Monsanto said quarterly loss widened. Resources Connection net plummeted 23% and Team Inc declined 12% after net tumbled 41%. Walgreen quarterly earnings surged 86.4%.
- Hiruki Nakamura
- 02 Oct, 2013
- New York City
Stocks in Tokyo declined and the yen advanced for the second day. Investors focused on the immediate impact of the latest stimulus plan and several economists worried that the proposed sales tax increase will dampen consumer spending.
- Marcus Jacob
- 02 Oct, 2013
- New York City
Stocks advanced in Sydney in light volume and new building approvals declined 4.7% in August from July but gained 7% from a year ago. Australian dollar edged higher and commodities prices fell. Mongolian government signaled additional approvals for the delayed Oyu Tolgoi copper and gold mine.
- Nichole Harper
- 01 Oct, 2013
- New York City
Stocks on Wall Street gained as investors reacted calmly to the U.S. government shutdown. Wall Street is betting that the shutdown will be short lived and debt ceiling will be revised as early as next week. U.S. Treasury yields rose to 2.64% and the dollar index drops to an eight month low.
- Mukesh Buch
- 01 Oct, 2013
- New York City
Actuant net swung to a profit. Chrysler said September sales rose 1%, Ford sales climbed 6% and General Motor sales declined 11%. Diamond Foods plunged as net loss widened. NYSE Euronext sold its 12% stake in Qatar Exchange to Qatar Investment Authority. Paychex net climbed 6%.
- Nigel Thomas
- 01 Oct, 2013
- New York City
Ceres Power Loss in the year narrowed. Poundland profit surged 59%. Pure Wafer operating profit for the year surged. Unilever dropped after consumer products maker estimated third quarter sales growth not to exceed 3.5%. Wolseley annual profit surged to
- Hiruki Nakamura
- 01 Oct, 2013
- New York City
Prime Minister Shinzo Abe approved the increase of sales tax to 8% from 5% and proposed $51 billion stimulus plan that includes tax breaks for capital spending. Sales tax increase is the first since 1997. The much awaited tax increase is expected to dampen consumer spending.
- Marcus Jacob
- 01 Oct, 2013
- New York City
Australian stocks traded lower and Reserve Bank of Australia left its reference rate at 2.5%. Home price index in capital cities increased 1.6% in September and new home sales rose 3.4% in August. Australian retail sales rose 0.4%.