- Bikram Pandey
- 23 Jan, 2013
- New York City
Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings.
- Barry Randall
- 23 Jan, 2013
- New York City
BHP Billiton gained after it reported gains in petroleum products and iron ore production and reaffirmed 2013 outlook. Unilever increased 3% after sales and earnings rose more than expected. Novartis advanced on better than expected sales outlook for 2013.
- Barry Randall
- 23 Jan, 2013
- New York City
European markets closed mixed after the latest batch of earnings from Unilever and Novartis. Resource stocks were higher after BHP Billiton reported higher production in the latest quarter. Banks were under pressure on profit taking after 10% surge in the year.
- Nichole Harper
- 23 Jan, 2013
- New York City
Tech stocks in New York traded higher after Google, IBM and AMD reported better than expected results. Apple is scheduled to release earnings after the close. The International Monetary Fund lowered its estimate for the global economic growth to 3.5%.
- Marcus Jacob
- 23 Jan, 2013
- New York City
Nikkei index declined for the third day in a row as investors shifted attention to corporate earnings and the yen firmed. Bank of Japan set a 2% target and pledged to purchase assets from 2014. TDK dropped 4% on the earnings worries.
- Mukesh Buch
- 23 Jan, 2013
- New York City
Abbott fourth quarter net declined 35% and General Dynamics net swung to $603 million profit. Google profit jumped 7% and IBM net climbed 6%. McDonald
- Marcus Jacob
- 23 Jan, 2013
- New York City
Australian stocks closed at a new 20-month high after latest inflation data was below estimate and BHP Billiton reported higher sales and held its target for iron ore production growth of 3% in 2013. Linc Energy soared after it revised its energy estimate at shale operation in South Australia.
- Mukesh Buch
- 23 Jan, 2013
- New York City
Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.
- Bikram Pandey
- 22 Jan, 2013
- New York City
Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.
- Barry Randall
- 22 Jan, 2013
- New York City
European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.
- Nichole Harper
- 22 Jan, 2013
- New York City
Stocks in New York declined after existing home sales declined unexpectedly in December. Microsoft may contribute as much as $1 billion in a deal to acquire computer maker Dell. Verizon Communications reported wider loss and Johnson & Johnson net surged.
- Nigel Thomas
- 22 Jan, 2013
- New York City
Stocks in Tokyo traded volatile and shot up 1% after the Bank of Japan confirmed the inflation target revision to 2% and deferred unlimited bond purchase from January 2014. The yen traded higher.
- Marcus Jacob
- 22 Jan, 2013
- New York City
Australian market index ASX 200 surged after the Bank of Japan announcement but failed to close in positive territory. Investor confidence to invest stayed near a 15-year low on high dollar and weak business conditions. NAB declined after Santander denied reports of its interest in buying UK assets.
- Mukesh Buch
- 22 Jan, 2013
- New York City
Delta Air Lines fourth quarter net tumbled and du Pont fourth quarter net declined 70%. Johnson & Johnson profit surged to $2.57 billion. Travelers fourth quarter net profit declined 51%. Verizon fourth quarter net loss widened.
- Mukesh Buch
- 22 Jan, 2013
- New York City
Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion.