- Arthi Gupta
- 21 Dec, 2011
- New York City
The leading economic index in the euro zone was unchanged in November and import price inflation slowed in Germany and Swiss broad money supply growth eased in the month. The Italian economy contracted in the third quarter. Norwegian unemployment held at 3.3% in October.
- Arthi Gupta
- 21 Dec, 2011
- New York City
European indexes edged higher after the ECB allocated
- Bikram Pandey
- 20 Dec, 2011
- New York City
U.S indexes soared 3% after home starts in November were ahead of expectations on a sharp increase in apartments building. Home builders, banks and consumer durables led the gainers. U.S. Treasury sold $35 billion of 5-year notes at a record low yield of 0.88%.
- Nichole Harper
- 20 Dec, 2011
- New York City
Stocks in New York surged and popular indexes advanced more than 2% after housing starts soared in November. AT&T said it will pay $4 billion in breakup fee after it dropped its merger plan with T-Mobile USA. Red Hat quarterly revenues increased 23%.
- Devan Biswas
- 20 Dec, 2011
- New York City
European markets closed higher after a German survey pointed to higher business confidence. However, three other institutes lowered their outlooks for German economy and predicted at best flat economic growth.
- 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.