- 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.
- Nichole Harper
- 16 Feb, 2012
- New York City
U.S. stocks traded higher after investors focused on domestic economic data and overlooked gathering storms in Europe. Banks faced another round of downgrade. General Motors reported large annual income but quarterly profits were hurt by European operations.
- Devan Biswas
- 16 Feb, 2012
- New York City
European markets eased on the renewed worries linked to Greek bailout and fresh downward view on European banks from a credit opinion firm. Fraport AG, the operator of Frankfurt airport faces a union strike that may cancel 10% of flights as early as today.
- Mukesh Buch
- 16 Feb, 2012
- New York City
[R][[11:25 AM New York
- Nigel Thomas
- 16 Feb, 2012
- New York City
The Nikkei index in Japan closed lower as Greek negotiations drag on and oil prices rise. However, metals and other commodities edged lower. Three former executives of Olympus were arrested by Tokyo police for the accounting scandal.
- Marcus Jacob
- 16 Feb, 2012
- New York City
Australian stocks faced selling pressure after Westpac Bank reported weaker than anticipated earnings. Investors took the latest monthly decline in unemployment in stride. Weak copper prices also dragged resource sector. Wesfarmers reported flat net income growth.
- Bikram Pandey
- 15 Feb, 2012
- New York City
Markets in U.S. and Europe traded lower after euro zone ministers delayed the decision on Greek bailout. The European Central Bank is prepared to distribute its profit on Greek bonds to facilitate debt swap. Iran and Israel are locked in deadly embrace that holds hostage oil prices.
- Nichole Harper
- 15 Feb, 2012
- New York City
U.S indexes traded sideways after industrial production was unchanged. Factory production increased 0.7% and mining and utility output declined in January. Regional survey of New York indicated expanding manufacturing.
- Devan Biswas
- 15 Feb, 2012
- New York City
European markets traded sideways as Greek bailout decision got delayed one more time. European leaders urged China to participate in the euro zone bailout funds along with Russia and other oil rich nations. Heineken 2011 earnings fall.
- Mukesh Buch
- 15 Feb, 2012
- New York City
Comcast fourth quarter net increased 26% to $1.29 billion. Deere & Co. first quarter net increased 4% to $533 million. Kellogg agreed to acquire Pringles business of P&G for $2.7 billion. MetLife fourth quarter net surged to $1.13 billion.
- Nigel Thomas
- 15 Feb, 2012
- New York City
Stocks in Tokyo closed higher for the second row in a row following the expanded asset purchase program by the Bank of Japan. The yen dropped to a 16-week low and export sensitive companies traded higher. Tokio Marine soared 6% after it retained its annual net income outlook.
- Marcus Jacob
- 15 Feb, 2012
- New York City
Australian stocks edged higher after a flood of earnings. The largest Australian bank Commonwealth Bank reported earnings rise of 7% and retail mall developer Westfield Group said annual net soared 44% from a year ago. Fortescue Metals said first half net more than doubled.
- Bikram Pandey
- 14 Feb, 2012
- New York City
U.S. stocks declined after soft retail sales in January and rising import prices. Investors were also concerned as euro zone ministers demand more conditions ahead of Greek bailout. L