- Nigel Thomas
- 19 Dec, 2012
- New York City
The Nikkei index soared 2.4% and crossed 10,000 on the expectations of stimulus budget of as much as $110 billion and the Bank of Japan starts a two-day meeting under an intense political pressure to purse easier monetary policy.
- Arthi Gupta
- 19 Dec, 2012
- New York City
The European indexes gained after a rating agency upgraded Greek credit. UBS estimates loss in the fourth quarter on litigation and regulatory charges.
- Marcus Jacob
- 19 Dec, 2012
- New York City
Australian benchmark index closed higher on the rising international markets and improving economic outlook in the euro zone and positive undertone in the U.S. budget negotiations. Resource sector stocks gained after iron prices improved to a 3-month high.
- Arthi Gupta
- 19 Dec, 2012
- New York City
Euro area construction output declined in October. German business confidence improved more than anticipated in December. The Dutch economy is set to contract this and next year.
- Arthi Gupta
- 19 Dec, 2012
- New York City
DSM completed its acquisition of Fortitech for
- Mukesh Buch
- 18 Dec, 2012
- New York City
Diamond Foods first quarter net swung to loss as sales declined and FactSet Research first quarter net jumped 9% to $49.8 million and Jefferies Group fourth quarter net surged 48% to $71.6 million. Sanderson Farms fourth quarter net swung to profit.
- Arthi Gupta
- 18 Dec, 2012
- New York City
The UK annual inflation remained unchanged at 2.7% in November and home prices increased in October. Irish economy expanded in the third quarter. Rolls-Royce won a $1 billion contract from Japan-based Skymark Airlines.
- Arthi Gupta
- 18 Dec, 2012
- New York City
U.S. current-account deficit narrowed in the third quarter. ConocoPhillips agreed to sell its Algerian business unit for $1.75 billion. Coca-Cola Enterprises affirmed full-year earnings guidance.
- Arthi Gupta
- 18 Dec, 2012
- New York City
The European indexes gained on positive developments in fiscal cliff talks. Spain raised
- Arthi Gupta
- 18 Dec, 2012
- New York City
Spanish banks'' bad loans ratio reached record levels and Italian current account deficit narrowed in October. Swedish central bank cut its key interest rate by 25 basis points.
- Arthi Gupta
- 18 Dec, 2012
- New York City
Allianz agreed to pay more than $12.3 million to settle SEC charges. Gerresheimer acquires Indian pharma plastic packaging manufacturer Triveni. Petrofac expects to deliver net profit growth of at least 15% in 2012.
- Bikram Pandey
- 17 Dec, 2012
- New York City
Stocks on Wall Street gained on the progress in budget negotiations however lawmakers cautioned that a deal may be sealed next month. Commodities gained and the dollar eased. Liberal Democratic Party returned to power after five years lifting hopes for policy actions.
- Arthi Gupta
- 17 Dec, 2012
- New York City
The UK indexes dropped after home prices fell in December. BP plc agreed to sell its interest in the Sean gas field to SSE for $288 million. AVEVA acquired Global Majic
- Nigel Thomas
- 17 Dec, 2012
- New York City
The opposition Liberal Democratic Party was voted with super majority in a general election in Japan. Nikkei index gained 0.9% and reached a new 8-month high and electric utilities surged. Tepco soared 33%. The yen declined to 20-month low.
- Mukesh Buch
- 17 Dec, 2012
- New York City
AIG offers to sell $6.5 Billion of AIA shares. Cisco completed acquisition of privately held Cariden Technologies for $141 million. Sprint Nextel wins bid for Clearwire at $2.97 per share. Laclede Group agreed to buy two utilities from Southern Union valued $1.03 billion.