- Arthi Gupta
- 11 Sep, 2012
- New York City
Ashmore full year pre-tax profit fell to
- Arthi Gupta
- 11 Sep, 2012
- New York City
The European indexes declined on euro area woes. German wholesale price index rose in August. The UK home prices declined in August and deficit narrowed in July. Philips plans to slash 2,200 positions and lower costs by as much as
- Arthi Gupta
- 10 Sep, 2012
- New York City
The UK indexes slid after business confidence plummeted to a 20-year low in August. Shell agreed to sell its 50% working interest in the Holstein Field to Plains Exploration for $560 million. Marks & Spencer Group gained 3% on deal speculation.
- Nigel Thomas
- 10 Sep, 2012
- New York City
Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Japan lowered its June quarter economic growth to 0.2%. Electronic chip-equipment makers declined after Intel lowered its annual view.
- Arthi Gupta
- 10 Sep, 2012
- New York City
U.S. indexes traded lower after weaker-than-estimated Chinese economic data. BP agreed to sell its non-strategic Gulf of Mexico assets to Plains Exploration for $5.55 billion. Garda agreed to be acquired by consortium for C$1.1 billion.
- Bikram Pandey
- 10 Sep, 2012
- New York City
Investors were on the sideline after the market surge last week and ahead of the Fed meeting mid-week. Markets have built up expectations of another round of stimulus. Greece regained focus after coalition members failed to agree on spending cuts demanded by lenders.
- Mukesh Buch
- 10 Sep, 2012
- New York City
U.S. Treasury plans to cut its stake in AIG and raise $18 billion in a public offering. Infosys agreed to acquire a Zurich based Lodestone $349 million in cash. Optical Cable surged on net jumped. Plains Exploration agreed to buy US Gulf assets from BP for $5.55 billion.
- Marcus Jacob
- 10 Sep, 2012
- New York City
Australian stocks were directionless in trading after China reported monthly imports declined. Xstrata and BHP Billiton announce job cuts totaling 900 positions. Qantas made a case for its international alliance with Dubai based Emirates.
- Arthi Gupta
- 10 Sep, 2012
- New York City
Investor confidence in the euro area strengthened in September. Greek production fell in July and Italian economy contracted 0.8% in the second quarter.
- Arthi Gupta
- 10 Sep, 2012
- New York City
The European markets declined and Germany sold 6-month treasury bills at negative yields but Italian and Spanish yields rose. Glencore confirmed its sweetened offer for Xstrata Plc is final. Transocean agreed to sell 38 shallow water drilling rigs to Shelf Drilling for $1.1 billion.
- Bikram Pandey
- 07 Sep, 2012
- New York City
Financial markets around world closed the week with the largest gains in nine weeks. S&P 500 index added 1.9% and DAX index in Germany soared more than 17%. Gold, copper and silver gained more than 2% after the European Central Bank decided to buy more bonds stoking fears of inflation.
- Nigel Thomas
- 07 Sep, 2012
- New York City
Japanese markets rallied and participated in the worldwide gains after the central bank in Europe followed through its promise to buy back bonds. Japan Tobacco dropped after France proposed to increase tax as early as next month. Toshiba Corp surged on the prospect of higher prices.
- Marcus Jacob
- 07 Sep, 2012
- New York City
Australian markets opened sharply higher after the ECB policy announcement and China offered to finance more infrastructure projects. Australian trade deficit soared in July to $556 million as exports fell 3% and imports decreased 1%.
- Arthi Gupta
- 07 Sep, 2012
- New York City
The UK indexes traded higher after industrial production rebounded in July and output prices rose in August. New construction orders in the UK rose 0.2% in the second quarter.
- Mukesh Buch
- 07 Sep, 2012
- New York City
Intel slipped on lowered quarterly sales outlook and Lululemon climbed as net jumped 49%. Kroger struggled in the quarter. Cooper net climbed. Ulta Salon soared as net climbed 46% and lifted guidance.