- Nichole Harper
- 17 Jan, 2013
- New York City
Market indexes in New York traded higher after the latest data on housing market and unemployment pointed to steady economic recovery. Citigroup and Bank of America reported sharp decline in earnings on mortgage loans related charges.
- Bikram Pandey
- 16 Jan, 2013
- New York City
Indexes in New York held steady after inflation was unchanged in December and factory production increased at a slower pace. Germany lowered its economic growth outlook to 0.4% and said 2012 deficit to GDP ratio was 0.32%. Nikkei in Japan dropped 2.6% and indexes in Mumbai and Hong Kong fell.
- Barry Randall
- 16 Jan, 2013
- New York City
Mining companies closed lower after commodities eased. AngloAmerican dropped 3% and Lonmin declined 4%. AngloAmerican plans to shutter four shafts in South Africa and cut platinum production and layoff 14,000 workers. TUI Travel and TUI AG surged on talks of merger.
- Nigel Thomas
- 16 Jan, 2013
- New York City
European markets recovered from early losses and institutional investors stepped up to add exposure to stocks. Investors expect another year of market gains across Europe in a survey conducted by the research team at 123jump.com.
- Nichole Harper
- 16 Jan, 2013
- New York City
Stocks in New York traded sideways after banks report rising earnings. JP Morgan, M&T, Northern Trust and US Bancorp report higher earnings. Boeing declined after Japanese airlines ground fleet of 787 Dreamliners. Consumer prices were unchanged in December.
- Nigel Thomas
- 16 Jan, 2013
- New York City
Stocks in Tokyo fell sharply from a 32-month high after the yen declined for the second day. Market indexes have surged more than 26% in the last two months. Aircraft parts suppliers declined after ANA grounded a fleet of Boeing 787 for inspection after an emergency landing.
- Marcus Jacob
- 16 Jan, 2013
- New York City
Australian markets closed higher after auto sales jumped in December and banks gained. The latest read on consumer sentiment showed a positive bias. Boral, construction material company plans to trim 700 jobs.
- Mukesh Buch
- 16 Jan, 2013
- New York City
JPMorgan fourth quarter net soared 53% and Northern Trust quarterly net jumped 29%. Goldman Sachs fourth quarter net surged nearly three-fold. BNY Mellon net profit climbed 23%.
- Mukesh Buch
- 16 Jan, 2013
- New York City
Bajaj Auto dropped after third quarter net profit grew 3% and DEN Networks third quarter net profit surged nearly four-fold. Essar Oil third quarter net swung to profit. Ranbaxy and Daiichi Sankyo plan to merge businesses in Thailand.
- Bikram Pandey
- 15 Jan, 2013
- New York City
Market indexes in New York steadily recovered from the morning decline after retailers gained. Apple, Intel and General Electric were in focus ahead of earnings this week. Debt ceiling concerns added to market volatility as lawmakers struggle to find a compromise.
- Nigel Thomas
- 15 Jan, 2013
- New York City
Nikkei index in Tokyo closed at a 32-month high and the yen declined further prompting comments from Economics Minister Amari. The yen traded at a new 26-month low and markets are anticipating revised inflation target at the BoJ meeting next week.
- Marcus Jacob
- 15 Jan, 2013
- New York City
Australian stocks turned lower after resource stocks and banks failed to hold on to the gains of the day. Rio Tinto plans to increase iron ore production by 15% in 2013 and said it is on track to commence production at its gold and copper mine in Mongolia.
- Nigel Thomas
- 15 Jan, 2013
- New York City
European markets traded lower in the region ahead of corporate earnings. Markets accelerated losses on the worries that the U.S. debt negotiations may drag for another two months.
- Mukesh Buch
- 15 Jan, 2013
- New York City
Axis Bank advanced 2.2% on third quarter net profit climbed 22% and Bajaj Finance net profit jumped 33%. Crompton Greaves plans to set up second power transformer manufacturing unit. Decolight Ceramics won export order for tiles.
- Barry Randall
- 15 Jan, 2013
- New York City
Renault plans to trim 17% of its staff in France in the next four years joining other automakers in the region. Burberry Group soared 7% after sales were ahead of expectations. SAP AG declined after it reported weaker than expected earnings. H&M, the apparel retailer monthly sales increase.