- Marcus Jacob
- 07 Feb, 2013
- New York City
Australian stocks extended gains for the second day on the positive earnings from National Australian Bank, Tabcorp and Telstra. Australian employment increased 10,400 in January and jobless rate held steady at 5.4%.
- Mukesh Buch
- 07 Feb, 2013
- New York City
Ambuja Cements fourth quarter net surged 77% and Apollo Hospitals net jumped 24.7%. AstraZeneca net swung to loss and Cipla net climbed 25.5%. Godrej Ind net soared 112% and HDFC slashed its prime lending rate. Tech Mahindra net surged 36%.
- Bikram Pandey
- 06 Feb, 2013
- New York City
U.S. markets traded sideways and $23.5 billion Liberty Global deal with Virgin Media dominated news cycle. Earnings were also in focus after several companies exceed market expectations. The Nikkei index in Tokyo soared more than 3%.
- Nichole Harper
- 06 Feb, 2013
- New York City
U.S. stocks traded sideways after investors digested better than expected earnings from Ralph Lauren, Time Warner and Walt Disney. The euro edged lower ahead of the ECB meeting tomorrow and Spanish bond auction. Oil and copper traded mixed.
- Mukesh Buch
- 06 Feb, 2013
- New York City
ArcelorMittal fourth quarter net loss widened and BP net plunged 78%. Cummins net tumbled 30% on weaker sales and CVS Caremark net climbed 7% to $1.13 billion. Glaxo net declined 34% and Time Warner net surged 51%. Disney net declined 6%.
- Nigel Thomas
- 06 Feb, 2013
- New York City
Royal Bank of Scotland Group Plc agreed to pay the second largest fine linked to the Libor probe to the regulators in the U.S. and U.K. The bank narrowly avoided the criminal charges and its Japanese unit was also snared in the investigation.
- Barry Randall
- 06 Feb, 2013
- New York City
European markets traded cautious ahead of the European Central Bank meeting and closely watched Spanish bond auction tomorrow that may raise as much as
- Barry Randall
- 06 Feb, 2013
- New York City
Banks across the region were under pressure ahead of the European Central Bank meeting tomorrow. Vinci SA declined 4% after it reported weaker than expected 2012 results and guided flat sales in the current year. Volvo AB gained on improving outlook in the U.S. and Europe.
- Barry Randall
- 06 Feb, 2013
- New York City
Liberty Global Inc agreed to acquire U.K. cable television services provider Virgin Media Inc for $16 billion in cash and stock. Including the debt, the deal is valued at $23.3 billion.
- Hiruki Nakamura
- 06 Feb, 2013
- New York City
Stocks and market indexes in Tokyo soared after the BOJ Governor Shirakawa announced his departure ahead of schedule. The yen dropped to a new low in the year and the Nikkei staged a sharpest single-day rally in two years and lifted the Nikkei to a 4-year high.
- Marcus Jacob
- 06 Feb, 2013
- New York City
Australian stocks closed higher and retail sales in December fell more than expected. The Australian dollar fell to its lowest level in the year so far. REA Group gained after profit rose 25%.
- Mukesh Buch
- 06 Feb, 2013
- New York City
Apollo Tyres third quarter net surged 73% and Bajaj Electricals net plunged 64.4%. IRB Infrastructure net soared 38.5% and Jindal Saw net jumped 64.3%. Indian government will sell 9.5% stake NTPC to raise $2.2 billion.
- Nichole Harper
- 05 Feb, 2013
- New York City
Stocks, sectors and indexes shot up in the early trading. Dell agreed to go private in a deal that valued the company at $24.4 billion. Service sector expanded in January according to a private survey. European markets advanced. Becton Dickinson, Cardinal Health, MasterCard and Virgin Media gained.
- Mukesh Buch
- 05 Feb, 2013
- New York City
Archer-Daniels second quarter net surged more than six-fold and Becton, Dickinson net climbed 14%. Cardinal Health net advanced 16% and Eaton Corp net plunged 51%. NYSE net dropped 19% and Kellogg loss narrowed. Estee Lauder net jumped 13%.
- Barry Randall
- 05 Feb, 2013
- New York City
European markets rebounded after plunging the most this year. The latest read on the service sector offered improving snapshot across the euro zone but the growth rates diverged between Germany and France. Italian bond yields crossed 4.5%.