- Nigel Thomas
- 24 Jul, 2012
- New York City
Stocks in Japan inched lower on the widening debt contagion in Spain and a downgrade on the advanced nations in the currency union. Toshiba declined 5% after the chipmaker plans to cut flash memory production by 30%. Sharp dropped to another 34-year low.
- Arthi Gupta
- 24 Jul, 2012
- New York City
U.S. indexes edged lower as global markets remained focused on the euro zone debt pressures. Cisco planned to slash 1,300 jobs. Whirlpool swung to quarterly profit and EMC Corp second quarter net rose 19%. After the close, Apple is scheduled to release earnings.
- Marcus Jacob
- 24 Jul, 2012
- New York City
Australian stocks rebounded after a private survey showed an increase in Chinese manufacturing activities in July. Export price of iron ore declined for the eighth month in a row. Billabong received another takeover offer at a reduced valuation.
- Arthi Gupta
- 24 Jul, 2012
- New York City
The European indexes traded sideways in thin trading and debt pressures intensified in the region. Spain raised
- Arthi Gupta
- 24 Jul, 2012
- New York City
The telecom operator KPN said quarterly net declined 24%. Norsk Hydro, the aluminum maker said second quarter revenues fell 13% and swung to a net loss. SAP AG said second quarter sales rose 18% and net increased 12% and Software AG said revenues barely budged 1%.
- Arthi Gupta
- 24 Jul, 2012
- New York City
The euro-zone private sector economy contracted and French business confidence fell in July. Hungarian retail sales declined in May. Spanish producer price inflation eased in June.
- Bikram Pandey
- 23 Jul, 2012
- New York City
Global markets plunged on the growing speculation that Spain may be forced to ask a larger bailout ans the crisis deepens. U.S. indexes closed down 1% and recovered from the earlier losses of 2% and European markets plunged between 3% and 5%. Pete
- Nigel Thomas
- 23 Jul, 2012
- New York City
Nikkei index in Tokyo plunged the most in six weeks in light trading as investors lowered expectations in the euro zone as Spanish crisis broadens in the economy. Print makers declined after Xerox lowered its outlook. Resources linked stocks fell.
- Mukesh Buch
- 23 Jul, 2012
- New York City
Cnooc agreed to buy Nexen for $15 billion. Genesee agreed to acquire RailAmerica for $1.39 billion. Halliburton second quarter net slid. McDonald
- Arthi Gupta
- 23 Jul, 2012
- New York City
UK indexes extended world markets decline as the debt crisis in the euro zone resurface and the Libor scandal widens to regulators. UK household finance index rose in July and manufacturing sector is expected to contract this year.
- Marcus Jacob
- 23 Jul, 2012
- New York City
Australian indexes plunged 1.7% as markets in Asia declined. World markets turned cautious after fears rose that Spain may be sliding towards a full blown bailout as crisis moves from the banking industry turmoil to economic decline.
- Arthi Gupta
- 23 Jul, 2012
- New York City
Wall Street extended global decline and dropped 2%. CNOOC agreed to acquire Canada-based Nexen for $15.1 billion. NRG and GenOn are in a $1.7 billion deal. Talisman Energy sells 49% equity interest in UK North Sea Assets. DigitalGlobe and GeoEye agreed to merge.
- Arthi Gupta
- 23 Jul, 2012
- New York City
Market indexes in Germany and France plunged more than 3% as Spanish yield soared to a new record. The indexes in Madrid plunged 3.8% and in Italy dropped 5%. Spain lowered economic outlook for next year. China-based Citic agreed to buy CLSA from Credit Agricole for $1.25 billion.
- Arthi Gupta
- 23 Jul, 2012
- New York City
The Spanish economy contracted for the third quarter in a row. Swiss broad money supply growth rose and Luxembourg''s unemployment rate remained unchanged in June. Danish consumer confidence strengthened in July.
- Bikram Pandey
- 20 Jul, 2012
- New York City
Wall Street losses accelerated after technology and financial sectors led the decliners. Euro zone worries contributed to weak earnings from financials. Commodities halted two week rally and the oil declined for the first time in nine days.