- Marcus Jacob
- 19 Jan, 2012
- New York City
Australian economy struggled to add new jobs in 2011, its worst annual performance in nearly two decades. The unemployment rate was flat at 5.2% in December after employers cut net 29,300 jobs. Insurance stocks led the decliners in trading today.
- Bikram Pandey
- 18 Jan, 2012
- New York City
U.S. stocks traded higher on the hopes that earnings from industrial and financial services companies will exceed expectations. The World Bank lowered its assessment of global economic outlook and the IMF plans to ask between $500 billion and $1 trillion to combat debt contagion in Europe.
- Nigel Thomas
- 18 Jan, 2012
- New York City
Stocks in Tokyo gained after factory equipment orders increased 15% in November. Tokyo Electric Power said it will increase rates for business customers by 17%.
- Arthi Gupta
- 18 Jan, 2012
- New York City
The UK indexes climbed. The UK jobless rate surged to a record high since 1995. Irish surplus increased in November. BHP Billiton reported record quarterly iron ore output.
- Mukesh Buch
- 18 Jan, 2012
- New York City
Fastenal fourth quarter net soared 34.2% to $87.5 million. Goldman Sachs fourth quarter net declined 56% to $978 million. Charles Schwab fourth quarter net soared 30% to $163 million. U.S. Bancorp fourth quarter net soared 38.6% to $1.3 billion.
- Arthi Gupta
- 18 Jan, 2012
- New York City
The U.S. indexes gained after Goldman Sachs quarterly profit exceeded estimates. U.S. mortgage applications soared 23% last week and producer prices declined 0.1% in December. Jerry Yang, co-founder of Yahoo resigned from its board.
- Arthi Gupta
- 18 Jan, 2012
- New York City
Construction production in the euro area recovered and Italian trade deficit narrowed in November. Germany lowered its 2012 growth outlook and Swiss sentiment improved to a seven-month high in January.
- Marcus Jacob
- 18 Jan, 2012
- New York City
Australian stocks extended gains and traded at a 5-week high for the second day in a row. BHP Billiton said iron ore production in the half year to December increased 23% to 80.6 million tons.
- Arthi Gupta
- 18 Jan, 2012
- New York City
European markets edged higher and Greece is set to demand cuts from private lenders. Germany sold
- Bikram Pandey
- 17 Jan, 2012
- New York City
U.S. stocks traded higher but financials were volatile after Citigroup reported a decline in earnings net income and Wells Fargo posted record profit on mortgage lending. Market sentiment in Europe was bolstered after demand for European debt was stronger than anticipated despite ratings downgrades.
- Nigel Thomas
- 17 Jan, 2012
- New York City
Stocks in Tokyo trading gained and the Nikkei index increased 1.1% on the strong surge in building contractors. Japan may approve additional budget of 2.5 trillion to expand rebuilding of earthquake stricken areas.
- Mukesh Buch
- 17 Jan, 2012
- New York City
Citigroup fourth quarter net slipped 11% to $1.2 billion and Wells Fargo fourth quarter net increased 20% to $4.1 billion. Forest Laboratories third quarter net decreased to $278.4 million. M&T Bank fourth quarter net decreased 28% to $147.7 million. TD Ameritrade first quarter net rose to $152 mn.
- Arthi Gupta
- 17 Jan, 2012
- New York City
The UK indexes rose after annual inflation eased in December. Japan-based Sumitomo Mitsui agreed to acquire the aircraft leasing business of RBS for $7.3 billion and DS Smith proposed to buy the packaging division of Sweden-based Svenska Cellulosa for
- Arthi Gupta
- 17 Jan, 2012
- New York City
The U.S. indexes traded higher on upbeat global economic data and New York manufacturing activity improved in January. Citigroup quarterly net fell 11% and revenues declined 7%. Wells Fargo revenues fell 4% and net surged 20%.
- Marcus Jacob
- 17 Jan, 2012
- New York City
Australian indexes advanced after miners reported better than expected iron ore production in the December quarter. Investors bid up stocks after China reported economic growth of 8.9% in the fourth quarter and for the full year GDP expanded 9.2%.