- Nigel Thomas
- 26 Jan, 2012
- New York City
Stocks in Japan traded lower as commodities gained in Asian markets trading. Tepco surged on the expectations that the company will accept 1 trillion yen bailout in exchange of two thirds stake. Fanuc said nine-month earnings increased 22% and sales rose 23%.
- Bikram Pandey
- 25 Jan, 2012
- New York City
The U.S. indexes traded higher after the Fed extended near zero interest rate policy to late 2014 and estimated subdued inflation for two more years. The rate setting committee members also estimated unemployment to decline slowly.
- Nigel Thomas
- 25 Jan, 2012
- New York City
Stocks in Tokyo trading extended gains for the seventh day in a row as resources and merchant fleet operators led the gainers. Japan reported its first trade deficit as imports surge and exports struggle after natural disasters.
- Mukesh Buch
- 25 Jan, 2012
- New York City
Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.
- Arthi Gupta
- 25 Jan, 2012
- New York City
The UK indexes edged lower after the economy contracted in the fourth quarter, services index increased more than anticipated in November and mortgage approvals rose in December. HSBC agreed to sell its retail banking and wealth management business in Thailand.
- Arthi Gupta
- 25 Jan, 2012
- New York City
The U.S. indexes fell after Boeing issues cautious outlook and tech stocks gained after Apple Inc reported a surge in earnings. U.S. mortgage applications slid last week. Motorola Solutions quarterly net slips and Abbott Labs quarterly sales miss estimates.
- Marcus Jacob
- 25 Jan, 2012
- New York City
Australian stocks gained after inflation in the December quarter was flat and trailed expectations. For the year 2011, inflation increased 3.1%. Rio Tinto confirmed its majority stake in the Canada based Ivanhoe Mines that is active in Mongolia.
- Arthi Gupta
- 25 Jan, 2012
- New York City
German confidence rose for the third month in a row in January and Spanish producer price index slowed in December. Retail sales in Hungary improved but in Italy fell in November.
- Arthi Gupta
- 25 Jan, 2012
- New York City
European markets declined after mixed corporate earnings as Germany sold 30-year bonds amidst strong demand. UniCredit planned to raise up to
- Bikram Pandey
- 24 Jan, 2012
- New York City
The U.S. indexes declined after rallying for five days in a row. Global companies are beginning to feel the impact of weak euro and fast food retailer McDonalds lowered earnings outlook. The oil refiner Petroplus based in Switzerland defaulted on bond payment as refineries in South Korea and India.
- Mukesh Buch
- 24 Jan, 2012
- New York City
Air Products and Chemicals first quarter net fell to $248 million and Baker Hughes fourth quarter net slipped to $314 million. EI DuPont fourth quarter net fell to $373 million. McDonald
- Nigel Thomas
- 24 Jan, 2012
- New York City
Stocks in Japan traded higher and the benchmark index Nikkei traded at a 3-month high. Sony is expected to announce a stake in Olympus as early as next week that may lead to a business alliance. Elpida is expected to be a part of a three way merger with the U.S based Micron.
- Marcus Jacob
- 24 Jan, 2012
- New York City
Australian market indexes closed flat and resources stocks led the losers. Rare earth miner and processor arranged $225 million in financing for its Malaysia based refinery. The IMF urged Australian banks to increase capital reserves.
- Arthi Gupta
- 24 Jan, 2012
- New York City
The UK indexes fell and public sector borrowing decreased more than anticipated and Irish home prices fell in December. HSBC agreed to sell its Latin American businesses to Colombia''s Davidienda for $801 million.