- Hiruki Nakamura
- 11 Mar, 2013
- New York City
Stocks in Tokyo extended rally for the eighth day in a row and the Nikkei index closed at a new 5-year high. The yen dropped to a low not seen since August 2009. Warehouse and real estate stocks led the surge.
- Marcus Jacob
- 11 Mar, 2013
- New York City
Australian stocks inched higher after banks and resource stocks led the gainers. The benchmark ASX 200 index closed at a new high since June 2008. CSR said it plans to cut 150 jobs. Retailer Woolworths gained 1% to close at a new record high.
- Mukesh Buch
- 11 Mar, 2013
- New York City
Amtek Auto agreed to acquire German based NeumayerTek Group for $500 million. GVK Power signed partnership with Australia based Aurizon for two projects. Indiabulls merged with its housing finance company.
- Nichole Harper
- 08 Mar, 2013
- New York City
Stocks in New York searched for direction after employers added more-than-expected 236,000 jobs and jobless rate declined to 7.7%. Housing sector strength also contributed to the jobs increase in financial services and other sectors. Wholesale inventories increased 1.2% in January.
- Mukesh Buch
- 08 Mar, 2013
- New York City
Ann fourth quarter net jumped 9% and Arcos Dorados net slipped 4%. Foot Locker fourth quarter net climbed 28% to $104 million and Genesco net dropped 7%. Kroger fourth quarter net swung to $461.5 million profit. The Cooper quarterly net jumped 37%.
- Hiruki Nakamura
- 08 Mar, 2013
- New York City
Stocks in Tokyo extended gains and the Nikkei index soared to a new 5-year higher. Economic growth in the final quarter was revised to 0.2% increase from the previous estimate of 0.4% contraction. The yen eased.
- Nigel Thomas
- 08 Mar, 2013
- New York City
Admiral Group profit for the year jumped 17% to
- Marcus Jacob
- 08 Mar, 2013
- New York City
Australian stocks were empowered and commodities linked stocks led the surge after China reported a surge in exports in February. For two months to the month, exports soared 23.6% and imports gained 5%.
- Mukesh Buch
- 08 Mar, 2013
- New York City
Colgate-Palmolive board approved a 2-for-1 stock split. Hindustan Motors February sales surged 166.5%. Kalpataru Power secured orders worth more than $300 million. NYSE Euronext postponed 4.8% stake sale in MCX.
- Mukesh Buch
- 07 Mar, 2013
- New York City
Ciena first quarter net loss narrowed. Nexstar fourth quarter net surged to $161 million and PetSmart net jumped 6.2% to $134 million. Staples net jumped 72%. Time Warner plans to spinning off its magazine unit Time Inc. Vail Resorts net climbed 30%.
- Nichole Harper
- 07 Mar, 2013
- New York City
U.S. stocks extended gains after the weekly jobless claims declined to the lows in January. January trade deficit widened on higher than expected import of crude oil.
- Barry Randall
- 07 Mar, 2013
- New York City
European markets traded higher across the region and ECB and Bank of England left key lending rate on hold. Swiss National Bank said it spent nearly $200 billion to defend the rate cap at 1.20 to one euro. French jobless rate surge to a 13-year high and German factory orders declined.
- Nigel Thomas
- 07 Mar, 2013
- New York City
Aviva said loss for the year swung to
- Hiruki Nakamura
- 07 Mar, 2013
- New York City
Bank of Japan left its bond buying program unchanged at the last meeting chaired by Governor Shirakawa. The yen eased and market indexes extended gains for the sixth day in a row.
- Marcus Jacob
- 07 Mar, 2013
- New York City
Australian indexes rested after a solid surge in last four weeks. Trade deficit widened in January on lower shipments of coal and iron ore largely related to weather conditions. Construction activities declined for the 33rd month in a row in February.