- Marcus Jacob
- 08 May, 2012
- New York City
Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.
- Nigel Thomas
- 08 May, 2012
- New York City
Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.
- Nigel Thomas
- 16 May, 2012
- New York City
Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.
- Marcus Jacob
- 16 May, 2012
- New York City
Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion.
- Arthi Gupta
- 16 May, 2012
- New York City
The European indexes edged lower. Fresh elections will be held in Greece in June. Euro area annual inflation eased and jobless claims in the UK fell unexpectedly in April. EADS lifted full year earnings outlook.
- Bikram Pandey
- 07 May, 2012
- New York City
U.S. indexes recovered in the afternoon after market sentiment rebounded and bank stocks closed higher. U.S. consumer borrowing increased at the fastest pace in March as car loans and student loans drove the increase in loans. AIG bought back $2 billion of the $5 billion offering from the Treasury.
- Mukesh Buch
- 07 May, 2012
- New York City
Cognizant Technology first quarter net rose 17% to $243.7 million but lowered current quarter outlook. Carl Icahn controlled fund agreed to acquire CVR Energy in cash for $2.6 billion. DISH Network first quarter net declined 34% to $360 mn. Sysco said third quarter net was nearly flat to $259.6 mn.
- Nigel Thomas
- 07 May, 2012
- New York City
Stocks in Tokyo plunged after election results in Greece and France prompted more worries in the euro zone. Resources linked companies fell after crude oil eased to a 4-month low and fell below $100 a barrel for the first time in the period.
- Arthi Gupta
- 07 May, 2012
- New York City
U.S. indexes declined after election results in France and Greece. The U.S. Treasury priced $5 billion of offering of AIG stake to reduce its stake in the insurer.
- Marcus Jacob
- 07 May, 2012
- New York City
Australian indexes declined more than 2% on the global slowdown worries after the election results in Europe. Australian retail sales were ahead of expectations in March but new jobs ads declined in April according to a private survey.
- Arthi Gupta
- 07 May, 2012
- New York City
German factory orders increased 2.2% but Spanish output plunged 10.4% in March. Swiss consumer prices declined for the seventh straight month but jobless rate rose in April. The UK jobless rate forecasted to rise over the next five years.
- Arthi Gupta
- 07 May, 2012
- New York City
The European indexes edged lower after France elected its first Socialist president in 17 years and Greece is heading for coalition government talks that may drag on for ninety more days. QSC plunged after quarterly net plummeted 65%.
- Bikram Pandey
- 04 May, 2012
- New York City
In New York trading on Friday, indexes accelerated declines in the afternoon and closed down between 1% and 2%. For the week, the Nasdaq fell nearly 3% and the S&P 500 index declined 2.1%. Crude oil traded below $100 a barrel for the first time in three months.
- Mukesh Buch
- 04 May, 2012
- New York City
American International Group first quarter net surged 147% to $3.2 billion. Duke Energy first quarter net tumbled 42% to $295 million and Exelon plunged 70% to $200 million. Spectra Energy first quarter net soared 35% to $541 million and AES rose 7% to $515 million.
- Arthi Gupta
- 04 May, 2012
- New York City
The UK indexes slumped after home prices dropped more than estimated and new car registrations rose in April. Irish output fell for the second straight month in March. Warner Chilcott swung to quarterly profit.