- Arthi Gupta
- 21 Feb, 2012
- New York City
European leaders, the IMF and the ECB approved the second large bailout to Greece that will increase the losses to private bond holders, force Greece to cut more spending and offer loans at lower rates. European markets edged lower from the seven-month high.
- Arthi Gupta
- 20 Feb, 2012
- New York City
The UK indexes advanced after China eased bank reserves and trading sentiment was positive on the prospect of Greek bailout agreement today. The UK home prices rose in February and mortgage lending gained in January. The Bank of Ireland swung to profit in fiscal year 2011.
- Nigel Thomas
- 20 Feb, 2012
- New York City
Japanese stocks gained on the improved sentiment ahead of the euro zone ministers meeting in Brussels today. Trading sentiment was stronger in the morning after China lowered its bank reserve ratio to stimulate more lending.
- Arthi Gupta
- 20 Feb, 2012
- New York City
The Bundesbank lifted German economic outlook. French business confidence remained unchanged in February. Italian and Greek industrial orders fell in December and Inflation in Finland rose in January.
- Marcus Jacob
- 20 Feb, 2012
- New York City
Australian stocks gained after commodities gained and earnings release from several companies. Amcor said its first half core earnings increased 13.9%. BlueScope reported ten-fold increase in first half to December. Billabong jumped 8% after a leveraged buyout group made a highly conditional offer.
- Marcus Jacob
- 21 Feb, 2012
- New York City
Australian stocks closed higher for the third day in a row as resource stocks led the gainers. Strong earnings from Downer EDI, Monadelphous Group, iiNet Limited and Borat Longyear lifted the confidence.
- Arthi Gupta
- 20 Feb, 2012
- New York City
European indexes gained on optimism that euro area leaders will sanction the entire
- Bikram Pandey
- 17 Feb, 2012
- New York City
World markets continued their weekly advance after markets in Europe joined the rising markets in Americas and in Asia. For the year so far, emerging markets have attracted $19 billion in new capital. For the year the S&P index is up 8% and markets in Asia advance double digits.
- Nichole Harper
- 17 Feb, 2012
- New York City
U.S. stocks struggled and investors focused on the progress on the Greek bailout negotiations. Consumer price index increased 0.2% in January matching the gain in December. H.J. Heinz and Campbell Soup gained on better than expected quarterly results.
- Devan Biswas
- 17 Feb, 2012
- New York City
European markets gained on the optimism that ministers will approve the entire bailout at the next meeting. Indexes in Germany, France and Italy led the region and gained for the third week in a row. Aegon earnings plunged on restructuring charges. Frankfurt airport strike disrupts regional traffic.
- Mukesh Buch
- 17 Feb, 2012
- New York City
Applied Materials first quarter net slumped to $117 million. Campbell Soup second quarter net slipped to $205 million. H. J. Heinz third quarter net increased to $284.7 million. Nordstrom fourth quarter net increased to $236 million.
- Nigel Thomas
- 17 Feb, 2012
- New York City
Stocks in Tokyo closed higher and extended rally in the benchmark indexes to double digits in the year. The Nikkei index gained 1.6% today and closed up 11% in the year. Uny offered to acquire the rest of Circle K Sunkus Co shares for nearly $1 billion.
- Marcus Jacob
- 17 Feb, 2012
- New York City
Australian stocks closed lower for the third week in a row. In trading today, banks gained after ANZ reported cash profit of $1.48 billion and net profit and the bank refused to lower mortgage rates. Pacific Brands reported higher loss.
- Bikram Pandey
- 16 Feb, 2012
- New York City
U.S. stocks advanced and popular indexes reached near highs of the decade after the latest data on manufacturing, housing and jobless claims stoked enthusiasm. Investors also noted willingness of the European Central Bank and Germany to push through Greek bailout at the next meeting next week.