- Arthi Gupta
- 05 Dec, 2012
- New York City
U.S. private sector employment increased less than estimated in November and labor productivity rose in the third quarter. Lowe''s reiterated sales and earnings guidance for the fiscal year. RioCan agreed to acquire a $1.1 billion portfolio of Canadian retail properties.
- Arthi Gupta
- 05 Dec, 2012
- New York City
Euro zone retail sales decreased in October and private sector activity downturn continued in November. The UK service sector activity dipped in November. The Spanish Treasury raised
- Arthi Gupta
- 05 Dec, 2012
- New York City
HSBC to sell its entire stake in Ping An Insurance for $9.4 billion. Nokia launched Lumia 920T in China. Tesco third quarter group sales increased 2.4%.
- Bikram Pandey
- 04 Dec, 2012
- New York City
U.S. indexes traded lower and President Obama demanded more tax revenues from rich tax payers. November auto sales rose and analysts lifted industry annual outlook. Australian central bank lowered its key rate to 3%.
- Marcus Jacob
- 04 Dec, 2012
- New York City
Australian markets halted a 3-day rally and the benchmark index declined 0.6%. Reserve Bank of Australian cut its key lending rate by 25 basis points to 3% and cited global weak economic conditions. Current account deficit widened in the third quarter to $14.9 billion.
- Arthi Gupta
- 04 Dec, 2012
- New York City
U.S. indexes struggled and the dollar inched lower as European markets resumed the advance. November auto sales were ahead of expectations and annual sales are likely to reach record high in the last five years. Atlas Pipeline agreed to acquire Cardinal Midstream for $600 million.
- Arthi Gupta
- 04 Dec, 2012
- New York City
Euro zone industrial producer prices eased in October. German exports increased 3.6% in the third quarter. UK construction activity deteriorated and Spanish unemployment rose in November. Baxter agreed to acquire Swedish dialysis products maker.
- Arthi Gupta
- 04 Dec, 2012
- New York City
Elekta six month net sales rose 22% to SEK 4.18 billion. Wolseley first quarter revenue rose 2.1% to
- Bikram Pandey
- 03 Dec, 2012
- New York City
U.S. indexes closed lower after manufacturing index fell unexpectedly. Republican proposed $1.4 trillion in spending cuts and $800 billion in tax revenues from limiting tax breaks. Auto sales in November were ahead of expectations and Honda led the industry with 39% surge.
- Marcus Jacob
- 03 Dec, 2012
- New York City
Australian stocks extended gains for the second day in a row after a flood of economic data offered a mixed picture. Manufacturing sector shrank for the eighth month in a row and home prices were flat last month. Retail sales were flat after rising 0.5% in September.
- Arthi Gupta
- 03 Dec, 2012
- New York City
U.S. indexes opened higher and Saputo agreed to acquire Morningstar Foods for $1.45 billion. CSC agreed to sell credit services business to Equifax for $1 billion. UBS is said to near an agreement with American and British regulators to settle rate fixing charges for $450 million.
- Arthi Gupta
- 03 Dec, 2012
- New York City
The European indexes traded higher after a private survey showed improving manufacturing in China. The downturn in the euro zone manufacturing sector eased in November. Greece announced
- Arthi Gupta
- 03 Dec, 2012
- New York City
Cable & Wireless agreed to sell its Monaco and Islands businesses to Bahrain Telecommunications for $680 million. EADS confirmed plans for potential changes in the company shareholding structure and corporate governance.
- Bikram Pandey
- 30 Nov, 2012
- New York City
U.S. dollar inched lower and the euro gained as political rhetoric in Washington ratchet up. Lawmakers show no sign of compromise as the budget negotiation deadline looms. Oil gained and commodities prices edged higher on a cautiously optimistic outlook about economic growth in China.
- Nigel Thomas
- 30 Nov, 2012
- New York City
Nikkei index in Tokyo advanced after Japanese government approved the $1.2 billion stimulus measures ahead of general elections. Nikkei gained the best monthly gain since February. The yen traded near eight month low. Industrial production rose in October on a surge in electronics parts production.