- Arthi Gupta
- 17 Jul, 2012
- New York City
U.S. indexes advanced after consumer prices remained unchanged but industrial output rose in June. State Street agreed to acquire Goldman Sachs Administration Services for $550 million. Coca-Cola quarterly earnings declined on higher costs.
- Arthi Gupta
- 17 Jul, 2012
- New York City
The European indexes traded higher and Spanish bond yields fell at the latest debt auction. Rating agency downgraded 13 Italian banks with negative outlook. The IMF approved
- Nigel Thomas
- 17 Jul, 2012
- New York City
Tokyo financial markets closed higher after a 3-day weekend and the yen strengthened prompting another round of tough talks from the finance minister. The IMF lifted its outlook for Japan to 2.4% but cut global economic views.
- Marcus Jacob
- 17 Jul, 2012
- New York City
Australian indexes closed higher for the third day after the RBA highlighted the economic strength in its latest assessment. The dollar closed higher and investors shifted attention to the next meeting of the central bank on August 7. Rio Tinto said first half iron production increased 4%.
- Bikram Pandey
- 16 Jul, 2012
- New York City
U.S. indexes traded sideways as trading volume inched lower and the IMF lowered its global growth outlook. The global lender warned the U.S. to lift its debt limit sooner than later and urged European leaders to accelerate fiscal and banking integration.
- Mukesh Buch
- 16 Jul, 2012
- New York City
Citigroup second quarter net declined 12% to $2.9 billion and Gannett net plunged 21%. Glaxo offered $3.6 billion for Human Genome. Thermo Fisher agreed to buy One Lambda for $925 million in cash. Visa and MasterCard settle class action lawsuits.
- Arthi Gupta
- 16 Jul, 2012
- New York City
The UK indexes dipped after home prices fell in July. The International Monetary Fund cut UK growth outlook. GlaxoSmithKline agreed to acquire Human Genome for $14.25 per share. G4S failed to fulfil Olympic contract.
- Arthi Gupta
- 16 Jul, 2012
- New York City
U.S. indexes edged lower after retail sales fell unexpectedly in June. Par Pharmaceutical inked a merger agreement to be acquired by TPG for $1.9 billion. Thermo Fisher agreed to acquire One Lambda for $925 million in cash.
- Marcus Jacob
- 16 Jul, 2012
- New York City
Australian indexes closed higher for the second day in a row as investors bid up resources stocks. Whitehaven Coal surged 17% after it received a takeover bid. Seven West Media was halted after it planned to finish its $440 million offering at 20% discount.
- Arthi Gupta
- 16 Jul, 2012
- New York City
The European indexes traded lower ahead of the German court ruling on Spanish bank bailout plan. Italy planned to cut public debt by 20% in five years. Accor agreed to acquire hotel portfolio of Mexico-based Grupo Posadas.
- Arthi Gupta
- 16 Jul, 2012
- New York City
German factory employment rose and Italian exports improved in May. Annual inflation in the euro area was stable but Norwegian trade surplus and Austrian inflation rose in June. Swiss industrial production eased in the first quarter.
- Bikram Pandey
- 13 Jul, 2012
- New York City
U.S. indexes surged more than 1% and banks were in focus after JPMorgan said that the bank is still poised to have record annual earnings despite a trading loss of $4.4 billion. China reported economic growth slowed for the sixth quarter in a row but met the lowered expectations.
- Mukesh Buch
- 13 Jul, 2012
- New York City
JPMorgan second quarter net declined 9% to $5 billion and restated first quarter net income. Lexmark cuts second quarter outlook. Wells Fargo second quarter net soared 17% to $4.6 billion and agreed to pay $175 million to settle racial biases in mortgage approval.
- Arthi Gupta
- 13 Jul, 2012
- New York City
The UK indexes gained after the Bank of England launched a scheme to boost lending to the economy. The UK leading index dropped 0.8% and Irish surplus rose slightly in May. Global indexes rose after China reported growth.
- Nigel Thomas
- 13 Jul, 2012
- New York City
Stocks in Tokyo edged higher after China reported a raft of economic data that at least for now push aside the prospect of a global economic slowdown. Japan revised its industrial output rate to 3.4% in May. Dentsu 7% dropped on the worries that it may have overpaid for the Aegis purchase.