- Arthi Gupta
- 23 Nov, 2011
- New York City
European indexes declined and more banks in the region accesses short term loans from the ECB. Hungary increased value-added tax to 27%, the highest in the European Union. France and Belgium wrangle over the bailout of Dexia. Germany failed to sell only 60% of
- Marcus Jacob
- 23 Nov, 2011
- New York City
Australian stocks were under pressure after economic data from China, U.S. and Europe indicated a slow down. Australian construction work surged 12.5% in the quarter to September as miners accelerate capital spending. Virgin Blue said quarterly net rose.
- Mukesh Buch
- 22 Nov, 2011
- New York City
Analog Devices fourth quarter net declined to $183.5 million. Campbell first quarter net decreased to $265 million. Collective Brands third quarter net loss swung to $114.3 million. Hewlett-Packard fourth quarter net declined 91% to $0.24 billion. Medtronic second quarter net soared to $871 million.
- Bikram Pandey
- 22 Nov, 2011
- New York City
Stocks turned lower in light trading in New York after the estimate of economic growth in the third quarter was lowered to 2% from 2.5%. The benchmark indexes in New York trended lower for the fifth day in a row. The IMF relaxed access to capital to member nations struggling in the euro zone.
- Nigel Thomas
- 22 Nov, 2011
- New York City
The benchmark index Nikkei in Tokyo trading declined to the lowest level since March 2009 as the high yen and persistent debt worries in the euro zone and the U.S. dented hopes of higher exports. Osaka Securities agreed to merge with the Tokyo Stock Exchange.
- Arthi Gupta
- 22 Nov, 2011
- New York City
The UK indexes traded sideways and the public sector net borrowing narrowed in October. The government imposed financial restrictions on Iranian banks. Thomas Cook plunged 72% after it sought access to more cash in lean times.
- Marcus Jacob
- 22 Nov, 2011
- New York City
Australian stocks extended losses for the third day in a row. The benchmark index fell as banks, resource stocks and steelmaker led the decliners. Thorn Group, the retail chains operator said first half net soared 30%.
- Arthi Gupta
- 22 Nov, 2011
- New York City
U.S. stock futures and global indexes gained after ratings agencies left the U.S. debt rating unrevised. World Bank increased its 2011 growth forecast for China. Pfizer agreed to acquire Excaliard and Medtronic quarterly net surged 54%.
- Arthi Gupta
- 22 Nov, 2011
- New York City
German leading index fell in September. The unemployment rate of Sweden and Finland decreased in October and Norway''s gross domestic product expanded in the third quarter. Denmark''s consumer confidence deteriorated in November.
- Arthi Gupta
- 22 Nov, 2011
- New York City
European indexes traded higher after Spain completed its first debt auction at a higher yield and rating agencies left U.S. debt rating unrevised. The Spanish Treasury sold
- Bikram Pandey
- 21 Nov, 2011
- New York City
Global investors sold stocks as economic worries gathered momentum. European bonds yields continued to rise and banks led the decliners after Moody
- Mukesh Buch
- 21 Nov, 2011
- New York City
Alleghany agreed to acquire Transatlantic Holdings in cash for $3.4 billion and Gilead Sciences agreed to acquire Pharmasset Inc. for $137 a share in cash or $11 billion. Tech Data third quarter net income increased 6% to $53.5 million.
- Arthi Gupta
- 21 Nov, 2011
- New York City
The UK indexes fell on the global economic outlook. The UK home prices declined in November and Ireland''s residential property price index fell in October. Centrica inked 10 year gas supply deal with Norway based Statoil ASA.
- Nigel Thomas
- 21 Nov, 2011
- New York City
Stocks in Japan fell as exports in October declined and the nation swung to a deficit in the month. Bank of Japan said it purchase more stock index linked ETFs and REITs that will support equities prices. Shipping companies dropped to a new 10-year low and auto makers stocks dig deeper into losses.
- Arthi Gupta
- 21 Nov, 2011
- New York City
U.S. debt panel is expected to not agree on deficit reduction plan as lawmakers prefer to wait till elections next year. Chevron accepted responsibility for oil spill in Brazil. Gilead agreed to acquire Pharmasset for $11 billion and Transatlantic to merge with Alleghany in $3.4 billion deal.