- Arthi Gupta
- 21 Jun, 2011
- New York City
The UK indexes climbed as concerns eased about a Greek debt default. The UK public sector borrowing declined in May and manufacturing demand remained strong in June. Irish trade surplus narrowed in April.
- Arthi Gupta
- 21 Jun, 2011
- New York City
U.S. indexes gained on optimism of a resolution to the Greek debt crisis. eBay completed acquisition of GSI Commerce for $2.4 billion. Raytheon secured $1.7 billion contract to upgrade Patriot for Saudi Arabia.
- Arthi Gupta
- 21 Jun, 2011
- New York City
German economic sentiment deteriorated in June and leading index rose in April. Swiss economic growth forecasted to slow to 1.9% in 2012. The jobless rate in Finland declined in May.
- Arthi Gupta
- 21 Jun, 2011
- New York City
The European indexes traded higher ahead of the crucial confidence vote by the Greek Prime Minister George Papandreou. Weatherford settled claims with BP relating to the Deepwater Horizon oil spill. Elekta agreed to buy Nucletron for
- Nigel Thomas
- 21 Jun, 2011
- New York City
Stocks in Japan increased for the second day in a row after investors focused on the domestic manufacturing recovery. TDK Corp gained after it increased dividend and estimated net to increase 11% in the current year.
- Marcus Jacob
- 21 Jun, 2011
- New York City
Australian stocks edged higher following a rise in commodities and international markets. The Euro-zone ministers, ECB, IMF and Greece remain at odds in how to fund the last portion of first bailout. Foster
- Bikram Pandey
- 20 Jun, 2011
- New York City
U.S. stocks gained for the third day in a row but broader indexes struggle as the valuation trade near the lows of two decades. Deals news and positive views on the Greek saga lifted indexes from the early weak opening. European indexes closed at the low of the day. Asian markets closed mixed.
- Mukesh Buch
- 20 Jun, 2011
- New York City
Carpenter agreed to acquire Latrobe Specialty Metals for $558 million. Nabors expects second quarter operating income to be between $165 million and $170 million. Travelers agreed to acquire 43% stack in Brazil insurance JMalucelli for $410 million. PNC agreed to acquire RBC Bank (USA) for $3.45 bn.
- Nigel Thomas
- 20 Jun, 2011
- New York City
Stocks in Japan declined in the early trading but recovered the losses in the afternoon after utilities closed higher. Japan government said nuclear plants can resume operation as scheduled after the successful testing. Mazda and Olympus rose on the higher earnings estimates.
- Arthi Gupta
- 20 Jun, 2011
- New York City
The UK indexes fell. The UK gross mortgage lending rose in May and home prices gained in June. Rolls-Royce secured $2.2 billion contract from Brazil-based TAM Airlines. Rexam agreed to sell Closures to U.S.-based Berry Plastics for $360 million.
- Arthi Gupta
- 20 Jun, 2011
- New York City
U.S. indexes declined on the ongoing worries related to the euro-zone. PNC Financial agreed to buy RBC Bank for $3.45 billion. Boeing won $1.7 billion order from Qatar Airways. Colgate purchased Sanex personal care brand from Unilever for $952 million.
- Arthi Gupta
- 20 Jun, 2011
- New York City
Euro-zone hourly labor cost climbed in the first quarter and current account deficit widened in April. French new industrial orders rose in April. German producer price inflation slowed in May.
- Marcus Jacob
- 20 Jun, 2011
- New York City
Australian stocks dropped as markets in Asia declined after the euro-zone finance ministers failed to agree on Greek bailout terms and delayed the decision to early July. The uncertainty and rising prospect of Greek defaults unnerved the Asian markets. Caltex lowered its profit estimate.
- Arthi Gupta
- 20 Jun, 2011
- New York City
The European indexes slumped after euro-zone finance ministers failed to reach a consensus on the disbursement of the second tranche of aid to Greece. Publicis Groupe agreed to acquire Genedigi for further expansion in China.
- Bikram Pandey
- 17 Jun, 2011
- New York City
U.S. stocks surrendered early gains after expectations of a resolution on Greek debt lifted sentiment in the morning. The IMF lowered the estimate of world economic growth to 4.3%, for U.S. to 2.5% and euro-zone to 2%. China and India are expected to grow at 9.6% and 8.2% respectively.