- Marcus Jacob
- 15 Nov, 2011
- New York City
Australian stocks eased on the worries that the euro zone volatility will persist for several years as Greece and Italy struggle to control spending and lower borrowing. Commonwealth Bank issued gloomy outlook. Uranium miners surged after Australia lifted exports bans to India.
- Bikram Pandey
- 14 Nov, 2011
- New York City
U.S. indexes eased and declined as much as 1% on the rising worries that the euro may face a heavy selling pressure as Italy battles to implement austerity measures. The euro eased 1% and European markets turned lower after yields on Italian bonds remained elevated.
- Mukesh Buch
- 14 Nov, 2011
- New York City
Bank of America agreed to sell 10.4 billion common shares of China Construction Bank. Warren Buffett said his conglomerate Berkshire bought 64 million shares or 5.6% stake worth $10.7 billion in IBM. Lowe''s third quarter net fell 44.3% to $225 million. VimpelCom third quarter net declined 79%.
- Arthi Gupta
- 14 Nov, 2011
- New York City
The UK indexes declined as Italy and Greece race to implement austerity measures. Irish construction activity fell again in October. Rolls-Royce won a $500 million order from Saudi Arabian Airlines. Lonmin fiscal 2011 revenue rose 26% and net more than doubled.
- Nigel Thomas
- 14 Nov, 2011
- New York City
Stocks in Japan rebounded after economy expanded at 6% annual rate in the second quarter. The surge in exports and an increase in private consumption lifted the growth but the economy is expected to struggle in the year. Tosoh Corp declined after a fire broke out at its plant in Southern Japan.
- Arthi Gupta
- 14 Nov, 2011
- New York City
U.S. stock were mixed after Italy appointed technocrat as prime minister and bond yields in the euro zone rose. Boeing signed the largest aircraft deal of $18 billion with Emirates Air. Bank of America agreed to sell its stake in China based bank and increased customer services fees.
- Marcus Jacob
- 14 Nov, 2011
- New York City
Australian stocks gained and lending in September declined 6.2% in September. News Ltd said its inquiry did not find any privacy law violations and systemic hacking as it was discovered in its UK operation after denying for 3 years. BHP Billiton plans to spend $4.5 billion in more U.S. acquisitions.
- Arthi Gupta
- 14 Nov, 2011
- New York City
The OECD leading index declined, industrial production in the euro area eased, but German factory employment rose in September. Estonian jobless rate fell and Portugal
- Arjun Dave
- 12 Nov, 2011
- New York City
Prime Minister Berlusconi resigned fulfilling his pledge after lawmakers approved the reforms demanded by the EU. However, Italy runs the real risk of leaving from the euro zone in the next eighteen months or restructuring bonds as calls for more cuts grow louder and rates stay higher.
- Arthi Gupta
- 14 Nov, 2011
- New York City
European indexes traded lower after Italy sold
- Bikram Pandey
- 11 Nov, 2011
- New York City
U.S. stocks closed higher and wiped out the losses of the week when volatility drove the sentiment. S&P 500 index closed up 0.9% for the week after European leaders offered decisive steps to implement austerity measures.
- Nichole Harper
- 11 Nov, 2011
- New York City
U.S. Stocks soared more than 2% following the improved political climate in Europe. The appointment of new and technocratic government in Greece and the passage of austerity measures in Italy, indexes soared on both sides of the Atlantic. Oil, copper, gold and silver surged at least 1%.
- Devan Biswas
- 11 Nov, 2011
- New York City
European markets advanced after Italy
- Mukesh Buch
- 11 Nov, 2011
- New York City
Brookfield third quarter net surged to $716 million. Dillard''s third quarter net increased 1.9% to $26.6 million. Nordstrom third quarter net increased 7.2% to $127 million. Walt Disney fourth quarter net surged 30% to $1.09 billion.
- Marcus Jacob
- 11 Nov, 2011
- New York City
Stocks in Japan rebounded in a cautious trading. For the week the benchmark index declined 3.3%. Daio Paper declined after it said it will miss earnings deadline and may face delisting. Olympus dropped 5% and will delay its earnings. NOK Corp, the rubber products maker lowered its full year outlook.