- 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.
- Arthi Gupta
- 15 Dec, 2011
- New York City
The U.S. indexes gained after weekly jobless claims fell to 366,000, producer price index rose 0.3% and foreclosure filings declined 14% in November. Lam Research agreed to acquire Novellus for $3.3 billion and Fujifilm agreed to buy SonoSite for $995 million.
- Nigel Thomas
- 15 Dec, 2011
- New York City
Stocks in Tokyo extended losses after the latest quarterly survey of big businesses showed a fall in confidence. Large businesses also plan to cut capital expenditure in the quarter ahead. Ocean freight companies dropped to the lows of the year after rates fell on the Asia-Europe route.
- Arthi Gupta
- 15 Dec, 2011
- New York City
Employment in the euro area fell in the third quarter. German private sector improved but French private sector output stagnated in December. Swedish unemployment rate dropped in November to 6.7% and Dutch jobless rate held at 5.8%.
- Marcus Jacob
- 15 Dec, 2011
- New York City
Australian stocks extended losses for the third day in a row as commodities plunged in Asian markets. Silver tumbled 8%, copper fell more than 6% and gold declined 5%. Australian banks reiterate their lack of willingness to pass on future rate hikes as profits soar to record high.
- Arthi Gupta
- 15 Dec, 2011
- New York City
European indexes gained after Spain raised
- Bikram Pandey
- 14 Dec, 2011
- New York City
Market indexes in New York traded lower for the third day in a row as bond market yields rose in Europe and the euro declined. The S&P 500 index dropped nearly 4% in the week as the euro retreated more than 3%. Oil plunged 5%, silver tumbled 8% and gold dropped $93 an ounce.
- Nigel Thomas
- 14 Dec, 2011
- New York City
Nikkei index Japan eased as markets in Asia fell and commodities eased. Revised financial statements from Olympus showed that the company was solvent in each of the last five year period, avoiding worst fears of investors. Nexon, the online gaming company raised $1.2 billion in a public offering.
- Arthi Gupta
- 14 Dec, 2011
- New York City
The UK indexes declined after unemployment increased to a 17-year high in the three months to October. Thomas Cook fell 3% after reporting an annual pre-tax loss. Wm Morrison planned to create more than 7,000 new jobs in 2012 and Logica plc plans to restructure and eliminate 1,300 jobs.
- Arthi Gupta
- 14 Dec, 2011
- New York City
The U.S. indexes futures fell and the mortgage and refinancing activity rose 4.1% in the previous week. Coca-Cola agreed to buy half of the equity in a Middle East based beverage business for $980 million. Joy Global quarterly net surged 33%.
- Marcus Jacob
- 14 Dec, 2011
- New York City
Australian benchmark indexes closed nearly flat and the dollar briefly traded below parity. Mining and energy stocks generally closed higher. Rio Tinto said it has no immediate plans to increase its stake in Canada based Ivanhoe Mines. Westpac chief indicated future rate cuts may not be passed on.