- Nigel Thomas
- 03 May, 2013
- New York City
European markets gained more than 1% on the back of better than expected U.S. employment data. European Commission lowered its economic outlook for the euro zone and European Union economies and the region is expected to shrink economies for the second year in a row.
- Marcus Jacob
- 03 May, 2013
- New York City
Australian market indexes traded flat after the latest private survey on service industry showed a contraction at the fastest pace since December. Westpac Banking reported 10% jump in first-half earnings and declared one-time additional dividend of 10 cents a share.
- Mukesh Buch
- 03 May, 2013
- New York City
Ambuja Cements net tumbled jumped 56% and Alstom secured order from BHEL. AstraZeneca net loss narrowed. Blue Dart net climbed 43% and Bharti Airtel sell 5% stake to Qatar Foundation. Bajaj Corp net surged 44% and Honeywell net declined 8%.
- Nichole Harper
- 02 May, 2013
- New York City
Stocks in New York traded higher after earnings were ahead of expectations and automakers reported best April sales since 2007. Ford sales surged 18% and General Motors and Chrysler sales increased 11% in April. Weekly jobless claims declined to the lowest since January 2008.
- Mukesh Buch
- 02 May, 2013
- New York City
Facebook first quarter net jumped 7% and GM net declined 14% but narrowed losses in Europe. Kellogg plunged 11% and Manulife net tumbled 56%. Murphy Oil net plunged 23% and MetLife net swung to $956 million profit. Visa second quarter net slid 2%.
- Nigel Thomas
- 02 May, 2013
- New York City
European markets pared losses but closed mixed after the European Central Bank lowered rate to 50 basis points. The widely expected rate cut is largely symbolic as companies in peripheral zone are likely to not see any benefits of the rate cut.
- Nigel Thomas
- 02 May, 2013
- New York City
British Sky Broadcasting said net income for the nine-month period increased 9% to
- Hiruki Nakamura
- 02 May, 2013
- New York City
Stocks in Tokyo edged lower for the fourth day in a row, the longest decline since November, on global economic growth worries. Daiwa Securities reported largest quarterly profit in seven years. Tokyo Steel estimated higher sales in second half. Japanese automakers declined on weak U.S. sales.
- Marcus Jacob
- 02 May, 2013
- New York City
Australian markets traded lower after commodities prices eased on weak economic data from the U.S., China and euro zone. Australian building approvals plunged 5.5%, the largest monthly sales decline in eight months.
- Mukesh Buch
- 02 May, 2013
- New York City
Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.
- Mukesh Buch
- 01 May, 2013
- New York City
American Tower first quarter net plunged 23% and Comcast net soared 18%. Cummins net tumbled 38% and Humana net surged 91%. MasterCard net climbed 12% and Merck revenues fell short of expectations. Time Warner net surged 24% and Reuters net swung to a loss.
- Nichole Harper
- 01 May, 2013
- New York City
Stocks on Wall Street showed a negative bias after construction sector activities declined in March and U.S. manufacturing growth slowed. Apple completed the $17 billion bond offering, the largest bond deal in corporate history. European markets and several Asian markets were closed for May Day.
- Hiruki Nakamura
- 01 May, 2013
- New York City
Market indexes in Tokyo rested after 15-year record gain of 12% in April. Power utilities are bracing for a second annual record loss and seek higher tariffs that could contribute to inflation. The latest batch of earnings outlook fell short of expectations.
- Marcus Jacob
- 01 May, 2013
- New York City
New home sales in Australia increased 4.2% in March but the industry struggled to attract new buyers as median home price reached $485,000. Housing industry estimated construction activities declined for the 34th month in a row.
- Mukesh Buch
- 30 Apr, 2013
- New York City
Aetna first quarter net slid 4% and Avon net swung to a loss. BP net surged to $16.9 billion. Domino