- Arthi Gupta
- 31 Aug, 2012
- New York City
Euro zone inflation climbed to 2.6% in August. Jobless rate in the euro area rose to a record 11.3%, German retail sales declined unexpectedly and Italian jobless rate stable in July.
- Bikram Pandey
- 30 Aug, 2012
- New York City
World markets were on the defensive after latest economic data from the euro zone, Japan, South Korea showed more weakness and the U.S. personal spending rose the most in five months and income gained for the eighth month in a row. Carlyle keeps the offensive in deal making.
- Mukesh Buch
- 30 Aug, 2012
- New York City
Bio-Reference declined but net soared 25%. Networking gear maker Ciena declined on weak sales outlook. Costco reported sales increase in August. Greif net declined 39% and lowered fiscal outlook. Pandora Media jumped.
- Arthi Gupta
- 30 Aug, 2012
- New York City
The UK indexes slid in listless trading and mortgage approvals rose in July. Accenture agreed to acquire Singapore-based NewsPage. Barclays appointed Antony Jenkins as a director and chief executive. JJB Sports plunged 82% after deciding to seek a buyer.
- Nigel Thomas
- 30 Aug, 2012
- New York City
The benchmark index in Tokyo declined 1% after retail sales fell in July and on a decelerating auto sales growth and stagnant wages. Construction machinery stocks declined after iron ore prices fell to the low last seen in 2009.
- Arthi Gupta
- 30 Aug, 2012
- New York City
U.S. indexes fell after weekly jobless claims remained unchanged at 374,000 and personal income rose in July. Carlyle Group agreed to purchase DuPont Performance Coatings for $4.9 billion. Darden Restaurants completed acquisition of Yard House USA.
- Marcus Jacob
- 30 Aug, 2012
- New York City
Australian stocks closed lower as iron ore prices declined to a 3-year low. Fortescue chairman, Andrew Forrest increased stake in the third largest iron ore company for the second day in a row. Building approvals dropped 17.3% in July and private sector capital spending increase slowed to 3.4% rise.
- Arthi Gupta
- 30 Aug, 2012
- New York City
Carrefour net loss narrowed and INDUS group sales rose to
- Arthi Gupta
- 30 Aug, 2012
- New York City
The European indexes declined and German unemployment rate held at 6.8%. Italy raised
- Arthi Gupta
- 30 Aug, 2012
- New York City
Euro zone sentiment weakened, German unemployment rate held at 6.8%, Spanish inflation rose and Danish industrial confidence deteriorated in August. Swedish current account surplus declined in the second quarter.
- Bikram Pandey
- 29 Aug, 2012
- New York City
World markets were in a holding pattern ahead of central bankers gathering. Corporate deal making was in full swing after Japan based air-conditioner maker agreed to acquire the U.S. based Goodman Global for $3.7 billion. Oil futures fell as Hurricane Isaac misses oil platforms.
- Nigel Thomas
- 29 Aug, 2012
- New York City
Tokyo stocks gained ahead of the world central bankers meeting. Renesas Electronics soared 35% on the news that the private equity firm KKR is expected to invest $1.3 billion. Sharp gained on employee buyout plan. Ito En, the beverage maker plans to buyback shares and expand to Vietnam and Myanmar.
- Marcus Jacob
- 29 Aug, 2012
- New York City
Australian market indexes were flat as commodities price declined. Grocery wholesaler Metcash signed a $655 million deal to distribute liquor with 1,700 stores. WorleyParsons gained after higher core earnings and Transfield chief executive resigned on several profit downgrades.
- Mukesh Buch
- 29 Aug, 2012
- New York City
Genesco swung to profit and lifted fiscal outlook and Heinz first quarter net jumped 14% to $258 million. Joy Global sales increased but mining equipment maker lowered fiscal outlook. Fresh Market second quarter net surged 27%.
- Arthi Gupta
- 29 Aug, 2012
- New York City
The UK indexes tracked lower following weak European markets. The average home prices in England and Wales rose 0.3% in July. Ryanair planned to re-bid for Aer Lingus. Antofagasta first-half group revenue rose 3.5%.