- Arthi Gupta
- 31 Dec, 2012
- New York City
The U.S. indexes extend world markets slide after weekend discussions among lawmakers failed to produce budget accord after rounds of discussions. Duff & Phelps agreed to be acquired by a consortium for $665.5 million. Clean Harbors completed its acquisition of Safety-Kleen for $1.25 billion.
- Arthi Gupta
- 31 Dec, 2012
- New York City
The European indexes traded sideways on U.S. fiscal cliff worries. French reject higher tax proposals. The UK housing equity withdrawal was
- Bikram Pandey
- 28 Dec, 2012
- New York City
U.S. indexes extended losses for the fifth day in a row as fiscal cliff is away three days. Market indexes dropped 1% as lawmakers gather for one last time to narrow budget differences. Crude oil price gained and base metal prices inched higher.
- Nichole Harper
- 28 Dec, 2012
- New York City
U.S. stocks suffer broad losses after Washington gridlock showed no sign of easing. President Barack Obama and congressional leaders are gathering in the White House to avert fiscal cliff that could cut off jobless benefits and delay filing of tax returns for millions of people.
- Nigel Thomas
- 28 Dec, 2012
- New York City
UK store visits on Boxing Day barely increased 0.6%. French economic growth in the third quarter was lowered to 0.1%. Unemployed persons in France increased in November. Italy completed
- Barry Randall
- 28 Dec, 2012
- New York City
European markets traded lower on the worries that the U.S. lawmakers are likely to miss a deadline to settle budget differences. Market indexes in Paris fell 1.4% and in Frankfurt declined 0.6%. Trading volume in the region fell sharply in the session.
- Nigel Thomas
- 28 Dec, 2012
- New York City
Atari, the struggling game maker declined after it estimated fiscal year loss. Bankia, troubled Spanish bank, plunged 22% after it was removed the Spanish benchmark IBEX 35. Belgium based KBC Groep NV agreed to sell its stake in a bank in Slovenia. Vinci SA acquired Portugal controlled ANA.
- Mukesh Buch
- 28 Dec, 2012
- New York City
Acorda completed the acquisition of Neuronex Inc. Parexel Intl. agreed to acquire Liquent, Inc. and lifted 2013 outlook. Porsche SE climbed after it won a hedge fund lawsuit. Berkshire Partners invests $2 billion and merge two telecom network providers.
- Nigel Thomas
- 28 Dec, 2012
- New York City
The Nikkei index surged 23% in 2012 and its first gain in three years and best annual gain since 2005. The yen declined 12% against the dollar on the hopes that the recently elected government will conduct aggressive stimulus policies and demand Bank of Japan to set 2% inflation target.
- Marcus Jacob
- 28 Dec, 2012
- New York City
Australian stocks extended gain for the third day in a row after resource stocks rallied for the second day. Iron ore prices traded at a 8-month high as demand from China rebounds. Australian dollar drops to a 2-month low.
- Bikram Pandey
- 27 Dec, 2012
- New York City
U.S. stocks trim losses after the House of Representatives decide to meet on Sunday. U.S. Treasury Department takes extraordinary steps to raise $200 billion. Dockworkers on the East Coast threaten a strike. The benchmark index in Germany is set to lead advanced markets with annual rise of 30%.
- Nichole Harper
- 27 Dec, 2012
- New York City
Stocks on Wall Street fell after Senate Majority Leader Harry Reid said budget deal before year-end is unlikely. Marvell Technology plunged after it lost a patent case with $1.17 billion penalty. Confidence index in December fell to the lowest level since August on Washington gridlock.
- Lyubov Smirnova
- 27 Dec, 2012
- New York City
Thomas Cook extends gains on better than expected 2012 revenues. Resource stocks gained in London trading after metals prices trade higher. Bankia plunged 19% after parent company was estimated with negative book value.
- Barry Randall
- 27 Dec, 2012
- New York City
European markets traded higher and DAX index in Germany is set to lead the regional advance with a surge of 30%. BMW is expected to exceed 2011 profit and Audi unit of Volkswagen plans to spend
- Nigel Thomas
- 27 Dec, 2012
- New York City
The Nikkei index extended gains as the yen dropped to a new 2-year low and the newly elected government prepares for aggressive stimulus. The Nikkei surpassed the high on the day before the 2011 earthquake and extended six week rally to 16% and the gains in the year to 22.2%.