- Marcus Jacob
- 29 Nov, 2011
- New York City
Australian stocks gained for the second day in a row and investors focused on the mid-year budget. The government hopes that the estimated deficit of $37 billion will turn to a surplus in the next year.
- Mukesh Buch
- 29 Nov, 2011
- New York City
AMR Corp. filed voluntary petitions for Chapter 11 for Bankruptcy. Copart fourth quarter net increased 8.8% to $41.1 million. Seagate forecast higher sales for several quarters. Tiffany third quarter net surged 63% to $89.7 million.
- Arthi Gupta
- 29 Nov, 2011
- New York City
The U.S. indexes gained on optimism of a resolution to the European debt crisis. Fitch affirmed its highest rating to the U.S. debt and the decision is questioned by many investors. KKR agreed to acquire Capital Safety for $1.1 billion.
- Arthi Gupta
- 29 Nov, 2011
- New York City
The UK indexes dropped after the growth forecast for the UK economy was lowered. The mortgage approvals for home purchases rose in October and home price growth accelerated in November.
- Arthi Gupta
- 29 Nov, 2011
- New York City
O.E.C.D. area annual inflation eased, French jobless claims increased to record 4.9%, and retail sales in Spain decreased in October. Euro area economic sentiment declined and Belgian inflation rose in November.
- Arthi Gupta
- 29 Nov, 2011
- New York City
European indexes edged higher ahead of a meeting of euro area finance ministers today. Banking stocks declined after Moody''s placed on review for downgrade 87 European banks. Italy paid record yields in an auction of
- Bikram Pandey
- 28 Nov, 2011
- New York City
The U.S. indexes surged after easing for seven days in a row. Strong start of the widely tracked holiday sales lifted the expectations for the next three weeks of retail sales. European markets soared on two rumors and continued expectations of political actions.
- Nigel Thomas
- 28 Nov, 2011
- New York City
The Nikkei index in Tokyo increased for the first time in six days after U.S. holiday sales soared on the critical Thanksgiving. Shipping companies rebounded after freight rates rebounded. Nintendo extended gains for the second day in a row.
- Arthi Gupta
- 28 Nov, 2011
- New York City
The UK indexes surged tracking gains in Europe and U.S. The BCC lowered growth outlook for the UK economy. Home prices in the UK fell and retail sales slumped in November. Ireland''s retail sales rose in October.
- Marcus Jacob
- 28 Nov, 2011
- New York City
Australian stocks closed higher after the U.S. holiday sales showed a marked increase from a year ago. Markets in Asia and commodities rose. Qantas Airways Limited estimated first half profit to decline 66% on higher fuel and workers strike.
- Arthi Gupta
- 28 Nov, 2011
- New York City
The U.S. indexes traded higher on better-than-estimated retails sales on Black Friday. The Iraq government signed a $17 billion dollar gas deal with Basrah Gas. Bombardier won Indian rail contract worth $214 million.
- Arthi Gupta
- 28 Nov, 2011
- New York City
The O.E.C.D. lowered global growth outlook and warned EU leader to take decisive actions. Euro-zone money supply growth slowed but Swedish trade surplus grew in October. Manufacturing sector confidence in Italy improved in November.
- Arthi Gupta
- 28 Nov, 2011
- New York City
European markets soared on the expectations of new bond offering from Northern European nations that will provide financing to the troubled nations in the region. Moody
- Bikram Pandey
- 25 Nov, 2011
- New York City
U.S. stocks traded sideways in a shorter trading session but sovereign debt yield in Europe rose. Ratings agencies lowered debt ratings of Hungary to below investment grade and by one notch for Belgium. The euro declined for the third day in a row.
- Devan Biswas
- 25 Nov, 2011
- New York City
European indexes rebounded after falling for six days in a row. Italy completed