- Barry Randall
- 13 Mar, 2013
- New York City
European markets traded lower after factory output in the currency union fell more than expected 0.4% in January. Italy fell short of its estimated maximum target of bond sale today as yield rose the most since December.
- Nichole Harper
- 13 Mar, 2013
- New York City
Economists lifted economic growth projections after retail sales increased at the fastest pace in five months in February and business inventories rose the most in a year and a half in January. Energy stocks were in focus in New York trading.
- Mukesh Buch
- 13 Mar, 2013
- New York City
Dole Food fourth quarter net swung to $210 million loss and Elbit Systems net swung to $57.2 million profit. Express fourth quarter net jumped 6% and Kronos Worldwide net swung to loss. Spectrum Pharmaceuticals tumbled on weak outlook for 2013.
- Hiruki Nakamura
- 13 Mar, 2013
- New York City
Japanese stock markets traded sideways as indexes consolidate after a rally of 43% in the last six months. Toyota and several Japanese companies announced higher bonuses as the financial year nears end. International investors are still adding net new equity positions in Japan.
- Nigel Thomas
- 13 Mar, 2013
- New York City
HSBC said 2012 net profit dropped 15% to $15.33 billion. Prudential net jumped 55% to
- Marcus Jacob
- 13 Mar, 2013
- New York City
Australian stocks rested after investors sold mining stocks and worried about the valuation of four largest banks. The dollar was firm against the U.S. dollar and Japanese yen. BHP is facing a U.S. anti-corruption inquiry for its practices at the time of Beijing Olympics.
- Mukesh Buch
- 13 Mar, 2013
- New York City
Bank of Baroda raised $170 million from the Government of India. Jet Airways sold parking slots in Brussels. L&T agreed to sell its stake in a joint venture to Komatsu. Tata Steel agreed to take 51% for $300 million in Canada based Labrador Iron Mines.
- Barry Randall
- 12 Mar, 2013
- New York City
Market indexes across the currency zone closed mixed with a negative bias after France said it is likely to miss its deficit and growth targets. Spain said it plans to sell bonds in unscheduled auctions this week. Italy placed 7.75 billion euros of one-year debt at yield of 1.28%.
- Nichole Harper
- 12 Mar, 2013
- New York City
Market indexes in New York traded slightly higher as the S&P 500 index inched closer to its all-time high. U.S. Treasury is scheduled to sell $32 billion of debt today and Italy attracted more than expected demand for its bond auction but at a higher yield.
- Mukesh Buch
- 12 Mar, 2013
- New York City
Amedisys fourth quarter net swung to $106.8 million loss and Casey
- Hiruki Nakamura
- 12 Mar, 2013
- New York City
Stocks in Tokyo halted 8-day rally after investors worried of stretched valuations. Japanese government priced its stake sale in Japan Tobacco at 2% discount to the closing price on Monday. Nippon Steel said it will trim production capacity by 7%.
- Nigel Thomas
- 12 Mar, 2013
- New York City
Antofagasta said profit for the year declined 19%. Inchcape profit plunged 29% to
- Marcus Jacob
- 12 Mar, 2013
- New York City
Australian stocks declined and closed at the low of the day after resource sector stocks fell for the second day in a row. Spot price of iron ore eased to $144 a ton. Rio Tinto said it will cut its investment in Guinea iron ore project.
- Mukesh Buch
- 12 Mar, 2013
- New York City
Eros climbed after the U.S. based retirement fund acquired a minority stake. Australia based Aurizon agreed to buy 51% in GVK Hancock''s projects. French subsidiary of Titagarh Wagons secured order worth
- Nichole Harper
- 11 Mar, 2013
- New York City
Stocks in New York traded sideways and market indexes paused on the global worries. China reported inflation rose at the fastest pace in ten months in February and factory output and retail sales lagged expectations. Italy reported its sixth quarter decline in economic activities in a row.