- 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%.
- Barry Randall
- 05 Feb, 2013
- New York City
BP Plc reported quarterly earnings that exceeded estimates but also cited lower production in 2013 on divestment and issued 9 cents a share quarterly dividend. ARM Holdings gained after the chip maker reported 19% increase in sales. KPN plunged 22% after it plans to ask shareholders $4 billion.
- Hiruki Nakamura
- 05 Feb, 2013
- New York City
Nikkei 225 Average halted a 5-day rally after investors booked profit. Hitachi Ltd lowered its full-year operating income by 18%. Japan Airlines Co gained after it estimated higher net. Fast Retailing Co said same store sales fell in January by 5.5%.
- Marcus Jacob
- 05 Feb, 2013
- New York City
Australian stocks eased the Reserve Bank left the key rate at record low 3%. Central bank also cited inflation within its target range and left impression of future rate cut at its next meeting in May. Transurban hiked dividend. Cochlear returned to profit.
- Mukesh Buch
- 05 Feb, 2013
- New York City
Escorts third quarter net surged more than two-fold. Jain Irrigation net swung to loss and Jubilant FoodWorks net climbed 28%. Kingfisher loss widened and Nestle acquired acquire 26% stake of in a dairy. UCO Bank net plummeted 69%.
- Bikram Pandey
- 04 Feb, 2013
- New York City
U.S. markets extended losses after European markets retreated, the euro edged lower and commodities eased. U.S. factory orders increased less than expected. Market indexes in Spain, Italy, France and Germany plunged between 2% and 3%.
- Barry Randall
- 04 Feb, 2013
- New York City
Banks in Spain and Italy declined on the new worries and the market indexes fell more than 2%. Julius Baer Group fell 3% after gross margins fell in the six-month period. Royal Imtech plunged 44% on accounting irregularities in Poland. Swatch gained 3% on 26% increase in 2012 earnings.