- Marcus Jacob
- 04 Jun, 2013
- New York City
Australian stocks closed higher and resource developers and banks led the most active list. Reserve Bank of Australia held its rate at 2.75%, a five-decade low and the dollar traded near its low of the year. Australian current account deficit narrowed more than expected in the quarter to March.
- Devan Biswas
- 03 Jun, 2013
- New York City
Apple Inc declined 1% as the company faces electronic book price-fixing charges. Merck, Bristol Myers and Amgen gained after reporting positive results for three separate drugs to treat skin-cancer. Mid-American Apartment and Colonial Properties agreed to merge. Cracker Barrel soared on quarterly results.
- Nichole Harper
- 03 Jun, 2013
- New York City
U.S. stock traded sideways. Construction activities increased 0.4% in April according to a government report and factory activities shrank in May. On merger Monday, Mid-American Apartment Communities and Colonial Properties Trust agreed to a merger that will create a company worth $8.6 billion.
- Hiruki Nakamura
- 03 Jun, 2013
- New York City
Market indexes in Japan declined to a five-week low after investors turned cautious on softening Chinese economy and uncertainty related to the U.S. stimulus. Securities brokerage and real estate developers led the decliners in Tokyo trading. Nikkei 225 index has fallen 15% from its peak on May 22.
- Marcus Jacob
- 03 Jun, 2013
- New York City
Australian indexes closed lower after a sell-off in the afternoon after China released softer than expected economic data. Resource sector stocks closed down 1.7% or more. Australian retail sales gained 0.2% in April and manufacturing growth decline slowed in May.
- Nichole Harper
- 31 May, 2013
- New York City
U.S. consumer spending declined for the first time in almost a year but inflation uptick was measured. Market indexes struggled in the early trading Euro zone jobless rate surged to a new record and protesters surround the European Central Bank.
- Mukesh Buch
- 31 May, 2013
- New York City
Copart third quarter net slid. Guess, the apparel retailer said net plunged 63%. Krispy Kreme climbed on comparable sales increase. Lions Gate net swung to profit as revenue surged 22%. Pall sales and earnings slipped. Genesco net plunged 11%.
- Nigel Thomas
- 31 May, 2013
- New York City
Lloyds Bank sold its U.S. mortgage portfolio to raised
- Hiruki Nakamura
- 31 May, 2013
- New York City
Market indexes in Tokyo closed higher in a volatile week of trading as the indexes search a level to settle. The Nikkei has soared more than 70% in the last one year of trading and has corrected 11% from its peak in May and has struggled to find a direction in the last ten trading days.
- Marcus Jacob
- 31 May, 2013
- New York City
Australian index closed extended losses for the day and declined 1.1% in the week and fell 4.6% in the month. Australian dollar edged slightly higher. Origin Energy CEO in cautious comments said the outlook for Australian coal industry is bleak on the rising U.S. exports.
- Mukesh Buch
- 31 May, 2013
- New York City
BEL profit and sales surged. Berger Paints net edged up. DLF net swung to loss as revenue declined 16%.GMR Infra net swung to profit. MMTC and SAIL net tumbled. Suzlon Energy net loss widened. Torrent Pharma net swung to profit.
- Mukesh Buch
- 30 May, 2013
- New York City
Big Lots net plunged 21%. Bank of Montreal quarterly revenue was flat and net dropped. Costco comparable store sales climbed to 6% and net surged. DISH Network revised its offer for Clearwire to $4.40 a share in cash. Joy Global profit tumbled.
- Nichole Harper
- 30 May, 2013
- New York City
Stocks and indexes in New York traded higher and the economic growth in the first quarter was lowered in the second quarter. Pending home sales index increased 0.3% to the highest level since April 2010.
- Nigel Thomas
- 30 May, 2013
- New York City
Kingfisher revenue in the first quarter slid 2% and profit plunged 29%. Ryanair plans to sale stake in Aer Lingus on regulatory pressure. Tate & Lyle sales jumped but profit declined.
- Hiruki Nakamura
- 30 May, 2013
- New York City
The Nikkei index plunged 5% and the Topix index dropped 3.8% as investors feared market surge may have been overdone. The yen eased and electronics exporters and automakers led the decliners. Fast Retailing plunged 11%.