- Nigel Thomas
- 20 Dec, 2011
- New York City
The Nikkei index in Tokyo trading gained and defense contractors gained after Japan picked Lockheed Martin built stealth fighter as the main aircraft. IHI Corp and Mitsubishi Heavy will participate in production.
- Marcus Jacob
- 20 Dec, 2011
- New York City
Australian stocks declined but cut losses after the latest central bank minutes of meetings confirmed the worries of global slowdown. Cochlear soared after it said it is prepared to return to market the recently recalled hearing implant.
- Bikram Pandey
- 19 Dec, 2011
- New York City
World markets drifted lower after Asian indexes fell and Europe brace weak economic conditions. France faces a debt rating downgrade and France, Italy and Spain expand the list of nations facing early recession. The role of IMF is questioned as the bank prepares to lend troubled European nations.
- Nichole Harper
- 19 Dec, 2011
- New York City
Stocks in New York declined as Asian markets declined after the death of North Korean leader King Jong-il. European markets struggled on cautious comments from the ECB president. Winn-Dixie agreed to merge with a grocery chain Bi-Lo. Saudi Prince Talal invested $300 million in Twitter.
- Devan Biswas
- 19 Dec, 2011
- New York City
European markets gained as ratings agencies warn of downgrades in the region. Spain is expected to release steps to cut budget deficit by the end of the year and will encourage merger of banks. Euro zone ministers meet to finalize
- Nigel Thomas
- 19 Dec, 2011
- New York City
Stocks in Tokyo trading declined more than 1% and extended losses of last week. Market sentiment declined after North Korean leaders died of a heart attack and raising fears of heightened tensions in the peninsula. Ocean freight companies declined and traded near 10-year low.
- Marcus Jacob
- 19 Dec, 2011
- New York City
Australian shares plunged after investors worried that ongoing euro zone crisis will drag commodities prices. Retailers declined more than 3% after surf apparel retailer Billabong plunged 44% on earnings warnings.
- Bikram Pandey
- 16 Dec, 2011
- New York City
U.S. stocks traded sideways as investors weighed positive economic news with the debt rating downgrades of banks. A ratings agency placed France and six other euro zone nations on a negative outlook. The U.S. House passed a $1 trillion spending bill to avert a U.S. government shutdown.
- Devan Biswas
- 16 Dec, 2011
- New York City
Zynga, the online game developer was flat after it priced its public offering and raised $1 billion and 75% of the offered shares changed hands. Research in Motion declined after it announced product delays. Accenture fell after it cut its annual earnings outlook. Adobe gained on positive outlook.
- Nichole Harper
- 16 Dec, 2011
- New York City
U.S. stocks advanced after latest read on the inflation was lower than expected. Bank stocks were in focus after another rating downgrade cut the debt rating of banks Goldman Sachs, Bank of America and Credit Suisse. Zynga, the social game developer raised $1 billion in a public offering.
- Devan Biswas
- 16 Dec, 2011
- New York City
European markets closed mixed and bonds yields of Italy and Spain were on the decline. Italy
- Marcus Jacob
- 16 Dec, 2011
- New York City
Stocks in Japan closed higher tracking rising markets in New York and in Europe. Commodities linked companies gained and banks closed mixed. Nexon, the online gaming company declined for the third day in a row after it completed the largest public offering in Japan and raised $1.2 billion.
- Marcus Jacob
- 16 Dec, 2011
- New York City
Australian stocks rebounded after extending losses for three days in a row. ANZ said at the annual general meeting that it has enough capital to withstand the euro zone. Insurance Australia Group agreed to buy New Zealand based general insurance from AMI for NZ$380 million.
- Bikram Pandey
- 15 Dec, 2011
- New York City
Global markets edged higher after U.S. economic news lifted sentiment. Michael Kors Holdings Ltd public offering surged 21% on the first day of trading and raised $944 million. IMF managing director said crisis in the euro zone will need help from nations outside the region.
- Arthi Gupta
- 15 Dec, 2011
- New York City
The UK indexes advanced after retail sales volume declined and Ireland''s manufacturing price inflation eased in November. UK inflation expectations for the year ahead eased in November.