- Nigel Thomas
- 05 Mar, 2012
- New York City
Stocks in Tokyo traded lower after elevated oil prices dragged resource stocks and domestic investors sell stocks. However, China set the lowest economic growth target in eight years and increased defense spending by 11.2%. Sanyo Housing Dropped 6% on a public offering announcement.
- Marcus Jacob
- 05 Mar, 2012
- New York City
Australian stocks eased and the private measures of inflation declined in February. Resource stocks and commodities prices were lower after China cut its economic outlook but estimated inflation at elevated level. Centro investors filed $200 million class action lawsuit.
- Mukesh Buch
- 05 Mar, 2012
- New York City
Advanced Micro Devices sells equity stake in GlobalFoundries Inc. AIG will sale of AIA Group Limited shares for $6 billion. Superior Industries fourth quarter net increased to $40.2 million.
- Arthi Gupta
- 05 Mar, 2012
- New York City
The UK indexes declined after the government net reserves rose and service sector activity slowed in February. British industry group lowered the growth outlook for the current year. Tesco plans to add 20,000 new jobs in the UK over the next two years.
- Arthi Gupta
- 05 Mar, 2012
- New York City
The U.S. indexes traded lower after China lowered its growth outlook to an eight-year low and banks in the euro zone parked most of the recent new cash with the central bank. Investors are uncertain under what conditions credit default swaps on Greek bonds may trigger.
- Arthi Gupta
- 05 Mar, 2012
- New York City
Bank deposits at the European Central Bank surged to a record high. Euro area private sector contracted and the French and Italian service sector activity declined in February. Retail sales in the euro area rose unexpectedly in January.
- Arthi Gupta
- 05 Mar, 2012
- New York City
European indexes fell as uncertainty reigned on the Greek debt swap deal and the credit default swap trigger. China lowered economic growth target in the current year. The euro area private sector contracted and German private sector growth eased in February. Salzgitter plunged 7%.
- Bikram Pandey
- 02 Mar, 2012
- New York City
U.S. indexes struggled today but extended the weekly advance extending the rally of the last eight weeks. The euro weakened after Spain raised its budget deficit estimate and German retail sales declined. Japan plans to take control of troubled utility Tepco with $12 billion bailout.
- Devan Biswas
- 02 Mar, 2012
- New York City
European markets fell after Spain said it will miss its deficit target and European leaders reiterated the March deadline to finalize the size of the rescue fund. Spain estimated higher than expected economic decline of 1.7% and larger than expected deficit of 5.8% and unemployment above 24%.
- Nichole Harper
- 02 Mar, 2012
- New York City
U.S. stocks traded sideways and the Nasaq and the S&P 500 indexes are flirting at highs in several years. Oil was volatile after conflicting reports of a pipeline explosion in Saudi Arabia. Sara Lee said it plans to spin-off its coffee and tea business.
- Nigel Thomas
- 02 Mar, 2012
- New York City
Japanese stocks traded higher as the weaker yen lifted auto makers and electronics exporters and shipping companies advanced on the hopes of rising freight to Europe. Tepco is said to have agreed to exchange a majority stake in the company for 1 trillion yen from the government.
- Mukesh Buch
- 02 Mar, 2012
- New York City
Big Lots fourth quarter net increased 7% to $114.7 million. Foot Locker fourth quarter net increased to $81 million. Genesco fourth quarter net increased to $41.5 million. Sara Lee subsidiary DE International files registration to spin off.
- Marcus Jacob
- 02 Mar, 2012
- New York City
The Australian index gained 0.8% in the week and the dollar eased ahead of central bank rate decision next week. Harvey Norman lowered its online sales expectations only months after its online presence.
- Bikram Pandey
- 01 Mar, 2012
- New York City
U.S. stocks and commodities gained after construction spending and manufacturing indexes fell. Auto sales surged in February and same store sales at select retail chains were ahead of expectations. European ministers approved the rescue fund bond issuance.
- Arthi Gupta
- 01 Mar, 2012
- New York City
The U.S. indexes edged up after mixed domestic economic data and construction spending and manufacturing index fell but personal income and spending rose less than estimated. U.S. jobless claims were at their lowest level in almost four years.