- 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.
- Arthi Gupta
- 24 Jan, 2012
- New York City
The U.S. indexes declined as the deadlock between Greece and its bondholders continues. SPX agreed to sell its Service Solutions business to Robert Bosch for $1.15 billion. The ILO warned of bleak global unemployment outlook.
- Arthi Gupta
- 24 Jan, 2012
- New York City
European markets edged lower after weaker than anticipated corporate earnings. Spain sold
- Arthi Gupta
- 24 Jan, 2012
- New York City
Activity in the euro area private sector increased in January with growth in Germany and France. Euro area industrial orders fell, German leading index slid and Spanish mortgage lending declined in November. Finnish jobless rate dropped in December.
- Bikram Pandey
- 23 Jan, 2012
- New York City
U.S. stocks trade flat as the European leaders discuss the plans to merge two ad hoc rescue funds and finalize the plan to make it a permanent fund with
- Arthi Gupta
- 23 Jan, 2012
- New York City
The UK indexes traded higher and mortgage lending declined in the UK in December and the household finance index rose in January. UK dividends surged to a record
- Nigel Thomas
- 23 Jan, 2012
- New York City
Stocks in Japan traded flat and construction companies were in focus for the second day in a row. Olympus gained 8% after Tokyo Stock Exchange approved its listing with a management review. Sony gained on the hopes of it taking a stake in Olympus.
- Arthi Gupta
- 23 Jan, 2012
- New York City
The U.S. indexes gained and Apache agreed to acquire Cordillera Energy for $2.85 billion. Research in Motion shuffled top management and replaced its chief executives. The IMF chief urged euro zone finance ministers to expedite setting up the rescue fund.
- Marcus Jacob
- 23 Jan, 2012
- New York City
Australian stocks traded lower after wholesale inflation increased 0.3% in the December quarter. Lynas Corp was halted ahead of a financing deal that will avert cash crisis at the company. BHP won a regulatory approval to expand its port facility in the Pilbara region.
- Arthi Gupta
- 23 Jan, 2012
- New York City
European markets edged higher ahead of a meeting of European Union finance ministers in Brussels today. Germany sold
- Arthi Gupta
- 23 Jan, 2012
- New York City
French business sentiment weakened in January. German economic growth at a standstill and Spanish economy contracted in the fourth quarter. Swiss money supply growth increased in December.