- Arthi Gupta
- 12 Sep, 2011
- New York City
The OECD Index of leading indicators fell, Greek import price index rose and Italy
- Arthi Gupta
- 12 Sep, 2011
- New York City
The European indexes plunged after reports on the rising worries of the capital adequacy at French banks. Italy sold
- Bikram Pandey
- 09 Sep, 2011
- New York City
World markets dropped sharply and the euro dropped to a record low against the yen and fell to a 6-month low against the dollar. U.S. and European indexes declined 3% and 2-year bond yields on Greek debt soared to 60%.
- Arjun Dave
- 09 Sep, 2011
- New York City
The U.S. and European indexes dropped more than 3%. President Obama proposed $447 billion jobs stimulus package that was quickly opposed by the Republican lawmakers. German bonds yields dropped to record low since 1999.
- Mukesh Buch
- 09 Sep, 2011
- New York City
ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.
- Devan Biswas
- 09 Sep, 2011
- New York City
European markets plunged more than 3% and banks dropped between 5% and 10%. The yields on German and Dutch bonds dropped to record low since the creation of the euro. Nestle in talks to buy Russia based baby food maker. Volkswagen delayed its purchase of Porsche SE.
- Nigel Thomas
- 09 Sep, 2011
- New York City
Stocks in Japan declined after GDP shrinkage estimate was revised to 2.1% from the previous read of 1.2% decline. The Nikkei index declined 0.6% and for the week lost 2.4%. Fanuc and other machinery makers declined on the weak GDP data. Fast Retailing gained 1.8% on positive comments.
- Marcus Jacob
- 09 Sep, 2011
- New York City
Stocks in Australia edged higher and the benchmark index in the week fell 1.1%. Resources linked companies closed up after the U.S. President Obama proposed $447 billion stimulus plan to create more jobs and improve infrastructure.
- Bikram Pandey
- 08 Sep, 2011
- New York City
U.S. indexes closed lower after Fed Chairman did not provide new insights into the state of the economy. U.S. 10-year bond yield fell to 1.98%. aBanks fell more than 4%. European markets closed higher after the ECB and BoE left rates on hold. Greek bond yields soared to 60%.
- Bikram Pandey
- 08 Sep, 2011
- New York City
U.S. weekly jobless claims rose 2,000 to 414,000 and trade deficit declined 13% in July. Exports increased at a faster pace than imports in the month as the dollar remained low and the crude oil prices remained above $100 a barrel for the fourth month in a row.
- Devan Biswas
- 08 Sep, 2011
- New York City
European Central Bank and the Bank of England left key lending rates unchanged and cited weak and uncertain economic outlook. The yield on 2-year Greek bonds soared to 60%. Italian Senate passed austerity measures and the government approved balanced budget constitutional amendment.
- Nigel Thomas
- 08 Sep, 2011
- New York City
Stocks in Japan gained for the second day in a row as investors focused on the measures to improve global economic scenario. Factory order declined 8.2% in July after rising 7.7% in June. Mining and resources linked companies closed higher.
- Marcus Jacob
- 08 Sep, 2011
- New York City
Australian stocks gained for the second day in a row and unemployment in August rose 5.3% from 5.1% in July. The surprise increase in the rate put investors on the defensive. Unemployment in Western Australia increased to 4.4% from 4%.
- Bikram Pandey
- 07 Sep, 2011
- New York City
U.S. indexes surged more than 2% after banks and tech stocks led the recovery after a 3-day decline. The Fed