- Arthi Gupta
- 07 Sep, 2012
- New York City
Net new hiring in the U.S. fell below 100,000 for the second month in three months as employers avoid expanding staff. Nonfarm payroll employment in the U.S. rose by 96,000 in August and fell far short of the target set by most economists. Intel lowered third quarter revenue outlook.
- Arthi Gupta
- 07 Sep, 2012
- New York City
Glencore sweetened bid for Xstrata Plc. KfW Bankengruppe sold 5% stake in Deutsche Post. BMW registered record August sales. Air France-KLM climbed 2.7% after growth in August passenger traffic.
- Arthi Gupta
- 07 Sep, 2012
- New York City
The European indexes jumped and world markets advanced after the central bank plan to support the euro. German production rebounded in July. Glencore sweetened bid for Xstrata Plc. KfW Bankengruppe sold 5% stake in Deutsche Post. BMW registered record August sales.
- Arthi Gupta
- 07 Sep, 2012
- New York City
German production rebounded 1.3% and French trade deficit narrowed in July. Swiss jobless rate remained unchanged in August. Greek contraction eased in the second quarter to annual rate of 6.3%.
- Bikram Pandey
- 06 Sep, 2012
- New York City
Wall Street extended the rally in European markets after the central bank followed through its promise to devise a plan to buy unlimited amount of euro zone bonds and arrest the rising bond yields in the region. Tech stocks were in focus after Amazon.com Inc joined others to release updated devices.
- Nigel Thomas
- 06 Sep, 2012
- New York City
Stocks in Tokyo close unchanged ahead of the central bank policy decision in the euro zone. Yamaha Motor Co jumped 11% after it estimated higher motorcycle sales in Indonesia.
- Arthi Gupta
- 06 Sep, 2012
- New York City
The UK indexes soared after the ECB announced a plan to buy unlimited government bonds. The IMF agreed to disburse $1.15 billion to Ireland. UK home prices declined in August. Whitbread jumped 6% after second quarter sales increased 15%.
- Mukesh Buch
- 06 Sep, 2012
- New York City
H&R Block first quarter net loss narrowed and Men
- Arthi Gupta
- 06 Sep, 2012
- New York City
U.S. indexes rose after private sector employment rose in August and jobless claims fell to 365,000. The European Central Bank left key lending rate unchanged and announced a plan to buy unlimited government bonds. Realty Income agreed to acquire American Realty Capital for $2.95 billion.
- Marcus Jacob
- 06 Sep, 2012
- New York City
Australian unemployment rate declined to 5.1% in August but worker participation rate fell as younger people find it difficult to gain jobs outside the mining sector. Qantas sealed its alliance with Dubai based Emirates and Lynas won a temporary approval to start its refinery in Malaysia.
- Arthi Gupta
- 06 Sep, 2012
- New York City
IAG and Qantas have agreed to terminate their joint business. Generali agreed to sell its entire 69.13% stake in Migdal for
- Arthi Gupta
- 06 Sep, 2012
- New York City
European Central Bank left its key lending rate unchanged and announced a plan to buy unlimited amount of government bonds. The widely expected move dragged the yields of Spain and Italian bonds lower and lifted market indexes. Generali agreed to sell its stake in Migdal for
- Arthi Gupta
- 06 Sep, 2012
- New York City
The euro zone economy contracted in the second quarter. German factory orders rose more than estimated in July and record jobless rate in Greece in June. Riksbank unexpectedly lowered repo rate by 25 basis points.
- Bikram Pandey
- 05 Sep, 2012
- New York City
U.S. and world indexes were on hold ahead of the policy decision from the European Central Bank. Economies of euro zone contracted for the seventh month in a row and Chinese manufacturing is expected to fall to a 3-year low annual rate. Safeway Inc plans to sell its stake in a gift card company.
- Arthi Gupta
- 05 Sep, 2012
- New York City
The UK indexes drifted lower after shop price inflation rose marginally and service sector activity improved in August. Irish service sector activity rebounded and the UK foreign currency reserves increased in August. BP Plc faces gross negligence charges in the Gulf of Mexico oil spill.