- Arthi Gupta
- 10 Oct, 2012
- New York City
German wholesale price inflation soared in September. French output rose, Italian production declined but production in Greece rebounded in August.
- Barry Randall
- 09 Oct, 2012
- New York City
Financial markets across the Atlantic turned cautious after the IMF lowered its global outlook and raised the prospect of a global recession. South African Rand drops to a 3-year low and Iran struggles to stabilize its devastated currency.
- Arthi Gupta
- 09 Oct, 2012
- New York City
The UK indexes fell after manufacturing output declined and trade deficit widened in August. SSE completed the acquisition of Endesa Ireland for
- Arthi Gupta
- 09 Oct, 2012
- New York City
U.S. indexes declined after the IMF lowered global growth outlook. Principal Financial agreed to acquire Chile-based pension company Cuprum for $1.5 billion. Spectrum Brands agreed to acquire Stanley Black & Decker unit for $1.4 billion.
- Arthi Gupta
- 09 Oct, 2012
- New York City
The European indexes traded sideways and the IMF raised the prospect of recession in the euro zone to 80%. German Chancellor Angela Merkel faces widespread protests in Athens. The ECB President Draghi estimated weak economic activity in the euro zone.
- Arthi Gupta
- 09 Oct, 2012
- New York City
Givaudan third quarter sales climbed 14.4% to Sfr1.1 billion. Julius Baer plans to slash additional 1,000 jobs as it merges international arm of wealth management of Merrill Lynch. Rio Tinto turned cautious on the outlook over the next few quarters.
- Arthi Gupta
- 09 Oct, 2012
- New York City
German manufacturing turnover remained unchanged and French deficit widened in August. Greek inflation eased in September.
- Barry Randall
- 08 Oct, 2012
- New York City
Financial markets in New York closed flat with a negative bias as the attention shifted to Spain and the euro zone. World Bank lowered growth estimates for developing nations in Asia. Stock market marked the five-year anniversary for the record highs in the Dow and the S&P 500.
- Arthi Gupta
- 08 Oct, 2012
- New York City
BP Plc agreed to sell its Texas City refinery to Marathon Petroleum for $2.5 billion. Home builder Persimmon agreed to acquire Hillreed Homes for
- Arthi Gupta
- 08 Oct, 2012
- New York City
U.S. indexes declined in early trading on weaker global growth outlook. UnitedHealth agreed to acquire Brazil
- Arthi Gupta
- 08 Oct, 2012
- New York City
The European indexes edged lower. Germany raised
- Arthi Gupta
- 08 Oct, 2012
- New York City
Air France-KLM, Etihad Airways, and airberlin agreed to implement a code-share partnership to expand worldwide reach. BMW plans to increase production of its motorcycles in 2012 and 2013.
- Arthi Gupta
- 08 Oct, 2012
- New York City
Euro zone confidence improved in October and German exports rose unexpectedly in August. The French economy is estimated to decline 0.1% in the third quarter and Swiss jobless rate was unchanged in September.
- Barry Randall
- 05 Oct, 2012
- New York City
World markets extended gains for the second week and indexes in the U.S. and Europe advanced. On Friday, stocks on Wall Street opened higher but turned lower after the early euphoria of decline in jobless rate and hopes for Spanish bailout request receded.
- Arthi Gupta
- 05 Oct, 2012
- New York City
September jobless rate fell to a 3-year low of 7.8% and total nonfarm payroll rose by 114,000. Stock indexes extended gains for the fourth day in a row after private sector added more jobs than anticipated. European markets are trading higher as the leaders of France, Spain and Italy meet.