- Hiruki Nakamura
- 05 Mar, 2013
- New York City
Tokyo stocks halted a 3-day rally as investors feared that the market gains of the last three months may have extended stocks. Fast Retailing increased after same store sales at Uniqlo jumped 9.6% in February.
- Mukesh Buch
- 05 Mar, 2013
- New York City
Ascena Retail second quarter net declined 7% and Glencore profit for the year tumbled 75% and merger date with Xstrata extended. Bank of Nova Scotia first quarter net climbed 12%. Xstrata profit for the year plunged 77% to $1.37 billion.
- Marcus Jacob
- 05 Mar, 2013
- New York City
Australian stocks closed higher after retail sales unexpectedly increased in January after falling for three months in a row. Reserve Bank of Australia left key rate at 3% for the second month in a row. Automobile sales in February increased 5.2%.
- Nigel Thomas
- 05 Mar, 2013
- New York City
Deutsche Post fiscal net surged 43% to
- Mukesh Buch
- 05 Mar, 2013
- New York City
Adani Enterprises share sale oversubscribed. Essar Oil received environmental clearance for coal bed methane gas. M&M third quarter net jumped 51%. Videocon sell 10% stake in Mozambique.
- Nichole Harper
- 04 Mar, 2013
- New York City
Stocks in New York rebounded after market indexes dropped as much as 0.4%. On Wall Street stocks extended world market losses after China issued tighter lending guidelines to curb rising property prices.
- Hiruki Nakamura
- 04 Mar, 2013
- New York City
Stocks in Tokyo traded higher after the Bank of Japan chief nominee said he favors forceful monetary steps and he is prepared to accelerate asset purchase program as early as this year.Futures trade was suspended in the afternoon on technical problems.
- Mukesh Buch
- 04 Mar, 2013
- New York City
Schulman offered to buy Ferro valued $855 million. Arena fourth quarter net loss narrowed and Boyd Gaming net loss widened. Hess plans to sell its retail and refining and processing businesses. Tech Data fourth quarter net climbed 52%.
- Nigel Thomas
- 04 Mar, 2013
- New York City
Amlin fiscal net swung to
- Marcus Jacob
- 04 Mar, 2013
- New York City
Australian stocks declined sharply after building permits declined for the second month in a row and China said it plans to tighten lending to curb property speculation. Dollar and commodities linked companies dropped.
- Mukesh Buch
- 04 Mar, 2013
- New York City
Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.
- Nichole Harper
- 01 Mar, 2013
- New York City
U.S. stocks traded sideways after personal income in January declined 3.6% and spending rose 0.2%. The payroll tax rate cut expiry and higher tax for wealthy had limited impact on the spending. U.S. manufacturing expanded at a faster rate in February.
- Hiruki Nakamura
- 01 Mar, 2013
- New York City
Nikkei index in Tokyo rebounded from the loss of 0.8% to close up 0.4%. Bank of Japan may announce more monetary steps at its first meeting in April after consumer prices declined for the third month in a row.
- Mukesh Buch
- 01 Mar, 2013
- New York City
Best Buy fourth quarter net loss narrowed and Domino
- Marcus Jacob
- 01 Mar, 2013
- New York City
Australian stocks and dollar declined as investors worried about the global market conditions after the U.S. automatic spending cuts kick in on Friday midnight.