- Arthi Gupta
- 11 Jul, 2012
- New York City
The UK indexes fell after economy remained flat in the June quarter. Burberry plunged despite a rise in quarterly revenues. Rolls-Royce won $280 million worth order from Avianca and Shell acquired remaining outstanding shares in Gasnor for $74 million.
- Mukesh Buch
- 11 Jul, 2012
- New York City
Adtran second quarter net declined 43%. Hhgregg lowered its quarterly and annual net outlook. Tech Data agreed to buy Brightstar Corp. for $165.6 million. Unit Corp acquires certain assets of Noble Energy for $617.1 million.
- Arthi Gupta
- 11 Jul, 2012
- New York City
French current account deficit narrowed and Spanish leading indicator index fell in May. Inflation in Germany eased but in Hungary rose in June and the Czech unemployment rate dropped in June.
- Arthi Gupta
- 11 Jul, 2012
- New York City
The European indexes traded mixed and Spain announced new
- Nigel Thomas
- 11 Jul, 2012
- New York City
Stocks in Tokyo extended losses for the fifth day and the yen traded at 97 against euro and 79.21 against a dollar as the currency continued its advance for the last five weeks. Electronic chip equipment makers dropped after sales warning from Applied Materials.
- Marcus Jacob
- 11 Jul, 2012
- New York City
Australian stocks closed lower for the fifth day and investors awaited more economic data from China. Stocks in resource sector declined for the third day in a row and Telstra extended annual gain to 12% and traded at 40-month high.
- Bikram Pandey
- 10 Jul, 2012
- New York City
Stocks in New York turned lower after tech companies issued cautious outlook. AMD reported lower chip sales and Applied Materials lowered annual outlook. European leaders took steps to expedite the rescue of Spanish banks but bond yields failed to materially weaken.
- Mukesh Buch
- 10 Jul, 2012
- New York City
Alcoa second quarter net swung to loss and Applied Materials lowered its annual outlook. Helen of Troy first quarter net slumped. Shaw Group third quarter loss narrowed. Wolverine second quarter net slid and reaffirms fiscal outlook.
- Arthi Gupta
- 10 Jul, 2012
- New York City
The UK indexes advanced after Spanish concerns eased for now. UK retail sales climbed in June and production improved and deficit narrowed in May. Barclays former CEO Bob Diamond agreed to give up his bonus but will keep his salary.
- Nigel Thomas
- 10 Jul, 2012
- New York City
The benchmark Nikkei index in Tokyo fell for the fourth day and wiped off the gains of the month after Chinese international trade data fell short of expectations. Bank of Japan is schedule to release its measures later in the week.
- Arthi Gupta
- 10 Jul, 2012
- New York City
U.S. indexes traded higher in cautious trading after ministers in the euro zone agreed to release bailout funds of
- Marcus Jacob
- 10 Jul, 2012
- New York City
Australian stocks traded lower for the fourth day in a row after investors focused on the latest imports growth from China. The dollar held firm. IAG said it plans to target markets in India, Indonesia and Malaysia to drive its future growth.
- Arthi Gupta
- 10 Jul, 2012
- New York City
French, Swedish and the Netherlands output fell in May. Norwegian inflation remained stable but Romanian consumer price index increased in June.
- Arthi Gupta
- 10 Jul, 2012
- New York City
The euro area finance ministers approved the releasing of
- Arjun Dave
- 09 Jul, 2012
- New York City
Deputy Governor of the Bank of England Paul Tucker defended his role in the widening Libor scandal investigation but failed to convince skeptics. His weak defense raised more questions about the role of central bankers and regulators at the height of the 2008 crisis.