- Marcus Jacob
- 28 Dec, 2011
- New York City
Australian stocks declined and the benchmark index fell 1.3% and retail sales in the holiday period were estimated to be flat or declined slightly. Australia approved the sale of Murchison Metals stake in Western Australia port and rail project to Mitsubishi.
- Arthi Gupta
- 28 Dec, 2011
- New York City
European markets edged higher after Italy successfully auctioned
- Bikram Pandey
- 27 Dec, 2011
- New York City
U.S. stocks traded sideways as world markets rested after a tumultuous year. The nine-month period to the year-end was one of the most volatile times in global markets in the last three as the euro zone crisis raged and sovereign debt yields soared. Oil closed above $100 a barrel.
- Arthi Gupta
- 27 Dec, 2011
- New York City
The U.S. indexes traded lower after home prices declined 3.4% and consumer confidence rose to an eight month high. Italian bond jumped above 7% ahead of last debt auction this Friday. Sony agreed to sell its 50% stake in LCD joint venture to Samsung for $940 million.
- Nigel Thomas
- 27 Dec, 2011
- New York City
Stocks in Japan edged lower and the trading sentiment remained weak. Market volume was the lowest in the year and the weakest at least in seven years as international markets grind to a halt. Tepco may have to give up control of the company to receive government aid. Takashimaya lowers annual view.
- Arthi Gupta
- 27 Dec, 2011
- New York City
European markets edged higher. The European Central Bank allotted
- Bikram Pandey
- 23 Dec, 2011
- New York City
U.S. stocks extended gains for the fourth day in a row and the popular indexes advanced to the positive in the year. Broader indexes gained 3.6% in the week and closed up 0.5% in the year. Tech heavy indexes added 2.4% in the week and still down in the year.
- Devan Biswas
- 23 Dec, 2011
- New York City
U.S. stocks opened higher and extended gains for the fourth day and consumer spending rose and core business spending declined. The House is set to extend payroll cut by two more months. European markets traded higher after Italian lawmakers approved austerity package of
- Devan Biswas
- 23 Dec, 2011
- New York City
European markets traded higher as benchmark indexes in France and German gained more than 1%. Italy approved the austerity measures that will increase taxes and extend retirement age and cut spending by
- Nigel Thomas
- 23 Dec, 2011
- New York City
Stocks in Hong Kong closed higher and retained the positive bias in the last three days. The Hang Seng index increased 1.4% and for the week declined 1.9%. The cement maker China Tianrui soared 26% on its first day of trading.
- Marcus Jacob
- 23 Dec, 2011
- New York City
Australian benchmark index increased more than 1% and for the week closed down 0.5%. Gloucester Coal received $2.2 billion merger offer from China based Yanzhou Coal. Retailers traded weak on the worries that the slump may extend next year.
- Bikram Pandey
- 22 Dec, 2011
- New York City
Stocks in New York traded higher for the third day in a row after weekly jobless claims declined and added to a string of positive economic news. Third quarter estimate was revised lower to 1.8%. Market indexes in Europe gained after central bank offered more liquidity.
- Devan Biswas
- 22 Dec, 2011
- New York City
Akamai soared after it acquired Internet infrastructure provider for $268 million. Herman Miller declined 9% on weak estimate of third quarter sales. Bank of America agreed to pay $335 million to settle charges stemming from Countrywide. WCA Waste agreed to a merger deal. Mead Johnson dropped 8%.
- Arthi Gupta
- 22 Dec, 2011
- New York City
The UK indexes traded higher after gross domestic product expanded 0.6% and the volatile current account deficit widened in the third quarter. Ireland''s retail sales increased in November.
- Nigel Thomas
- 22 Dec, 2011
- New York City
Stocks in Tokyo traded lower as the benchmark Nikkei index declined for the first time in three days. Japan