- Arthi Gupta
- 06 Dec, 2012
- New York City
Central banks in Europe hold key rates. The euro area economy slipped into recession in the third quarter. German factory orders rebound and UK trade deficit widened in October. Greek jobless rate rose to record levels in September.
- Arthi Gupta
- 06 Dec, 2012
- New York City
Air Berlin capacity utilization rose in November. Barclays increased its stake in the Absa Group to 62.3%. Micro Focus first-half net fell 2.7% to $60.65 million. Carl Zeiss Meditec annual revenue climbed 13.6% to
- Bikram Pandey
- 05 Dec, 2012
- New York City
U.S. indexes traded higher after President Barack Obama said budget negotiations can we wrapped in a week. Service sector expanded at a faster pace and manufacturing stabilized. Citigroup announced a plan to eliminate 11,000 positions and take $1 billion charge.
- Marcus Jacob
- 05 Dec, 2012
- New York City
Australian economic growth in September quarter declined to 0.5% after household consumption and housing investment growth fell. Banks passed on full 25 basis points decline in rates to consumers.
- Arthi Gupta
- 05 Dec, 2012
- New York City
U.S. private sector employment increased less than estimated in November and labor productivity rose in the third quarter. Lowe''s reiterated sales and earnings guidance for the fiscal year. RioCan agreed to acquire a $1.1 billion portfolio of Canadian retail properties.
- Arthi Gupta
- 05 Dec, 2012
- New York City
Euro zone retail sales decreased in October and private sector activity downturn continued in November. The UK service sector activity dipped in November. The Spanish Treasury raised
- Arthi Gupta
- 05 Dec, 2012
- New York City
HSBC to sell its entire stake in Ping An Insurance for $9.4 billion. Nokia launched Lumia 920T in China. Tesco third quarter group sales increased 2.4%.
- Bikram Pandey
- 04 Dec, 2012
- New York City
U.S. indexes traded lower and President Obama demanded more tax revenues from rich tax payers. November auto sales rose and analysts lifted industry annual outlook. Australian central bank lowered its key rate to 3%.
- Marcus Jacob
- 04 Dec, 2012
- New York City
Australian markets halted a 3-day rally and the benchmark index declined 0.6%. Reserve Bank of Australian cut its key lending rate by 25 basis points to 3% and cited global weak economic conditions. Current account deficit widened in the third quarter to $14.9 billion.
- Arthi Gupta
- 04 Dec, 2012
- New York City
U.S. indexes struggled and the dollar inched lower as European markets resumed the advance. November auto sales were ahead of expectations and annual sales are likely to reach record high in the last five years. Atlas Pipeline agreed to acquire Cardinal Midstream for $600 million.
- Arthi Gupta
- 04 Dec, 2012
- New York City
Euro zone industrial producer prices eased in October. German exports increased 3.6% in the third quarter. UK construction activity deteriorated and Spanish unemployment rose in November. Baxter agreed to acquire Swedish dialysis products maker.
- Arthi Gupta
- 04 Dec, 2012
- New York City
Elekta six month net sales rose 22% to SEK 4.18 billion. Wolseley first quarter revenue rose 2.1% to
- Bikram Pandey
- 03 Dec, 2012
- New York City
U.S. indexes closed lower after manufacturing index fell unexpectedly. Republican proposed $1.4 trillion in spending cuts and $800 billion in tax revenues from limiting tax breaks. Auto sales in November were ahead of expectations and Honda led the industry with 39% surge.
- Marcus Jacob
- 03 Dec, 2012
- New York City
Australian stocks extended gains for the second day in a row after a flood of economic data offered a mixed picture. Manufacturing sector shrank for the eighth month in a row and home prices were flat last month. Retail sales were flat after rising 0.5% in September.
- Arthi Gupta
- 03 Dec, 2012
- New York City
U.S. indexes opened higher and Saputo agreed to acquire Morningstar Foods for $1.45 billion. CSC agreed to sell credit services business to Equifax for $1 billion. UBS is said to near an agreement with American and British regulators to settle rate fixing charges for $450 million.