- Arthi Gupta
- 25 Jun, 2012
- New York City
World markets are increasingly questioning the slow pace of leadership response as the debt crisis spreads in Europe. The expectations are low ahead of the next summit of European Union and markets in Asia and Europe traded lower as patience wear thin after two years of failed talks.
- Nigel Thomas
- 25 Jun, 2012
- New York City
Stocks in Tokyo fell for the second day in a row and retailers, resource and shipping sector stocks led the decline. The yen gained a fraction and energy prices fell as investors question the outcome of the latest meeting of the European leaders.
- Marcus Jacob
- 25 Jun, 2012
- New York City
Investors in Australia and in Asia are increasingly turning away their focus from the euro zone as the summit paralysis sets in. Billabong plunges 48% as investors dump share as the company launches its public offer. Fairfax embarks on a restructuring and shakes up its editorial leadership.
- Arthi Gupta
- 25 Jun, 2012
- New York City
German public debt rose in the first quarter and Hungarian retail sales fell in April. Spanish producer price inflation rose in May and Economic confidence in the Czech Republic weakened in June.
- Arthi Gupta
- 25 Jun, 2012
- New York City
European markets were on the edge on the first day of trading as the leaders in the region prepare to gather to finalize the region wide banking integration. Spain requested formally for a bank aid and the prospect of a larger bailout loomed.
- Bikram Pandey
- 22 Jun, 2012
- New York City
U.S. indexes rebounded as leaders of Germany, France, Italy and Spain pledged stimulus package of as much as
- Mukesh Buch
- 22 Jun, 2012
- New York City
Carnival Corp. second quarter net tumbled 93.2% to $14 million and Clarcor second quarter nearly flat to $32.9 million. Darden Restaurants fourth quarter net surged 10% and Ryder System lowered its second quarter and full year outlook.
- Arthi Gupta
- 22 Jun, 2012
- New York City
The UK indexes turned lower after home price sentiment index remained unchanged in June. Investors focused on the rising prospects of a larger bailout in Spain and growing problem at domestic banks. Banks rose despite a rating agency downgrade.
- Arthi Gupta
- 22 Jun, 2012
- New York City
U.S. indexes rebounded in early trading and banks gained despite the latest rating downgrade. Commodities prices were flat and markets in Europe dropped more than 0.4%. Arch Coal plans to halt production and cut costs.
- Nigel Thomas
- 22 Jun, 2012
- New York City
Tokyo stocks declined as investors turned away from international markets and sharpened focused on domestic companies. Resource and steel companies fell more than 1% after prices of gold, copper and oil dropped the most in five months.
- Marcus Jacob
- 22 Jun, 2012
- New York City
Australian stocks tracked lower world markets after resources prices on the rising worries of the economic slowdown. Crude oil, copper and gold fell more than 3% and bank worries rose after another round of downgrade of European and American banks.
- Arthi Gupta
- 22 Jun, 2012
- New York City
German business confidence fell more than estimated and the euro area consumer confidence declined in June. Retail sales in Denmark improved in May. Consumer spending in the Netherlands declined in April.
- Arthi Gupta
- 22 Jun, 2012
- New York City
The European indexes slumped after German business confidence fell to a two-year low in June. Fifteen large U.S. banks were downgraded by a rating agency that many analysts viewed an action four years too late.
- Bikram Pandey
- 21 Jun, 2012
- New York City
U.S. indexes extended worldwide sell off after a string of weak economic data from the U.S., euro zone and China. Crude oil, copper and gold dropped more than 3%. Stress test in Spain showed banks may need as much as $78 billion.
- Mukesh Buch
- 21 Jun, 2012
- New York City
Bed Bath first quarter net soared 24% and ConAgra fourth quarter net swung to $86.2 million loss. CarMax first quarter net falls 4.4% as wholesale unit sales fell. Red Hat first quarter net surged on subscription revenue growth.