- Nigel Thomas
- 08 Jun, 2011
- New York City
Stocks in Tokyo edged higher as the yen strengthened. Utilities stocks declined on the worries that regulatory oversight may delay restart of 54 nuclear plants after inspection scheduled in spring. Nintendo dropped 6% on heavy volume.
- Marcus Jacob
- 08 Jun, 2011
- New York City
Australian stocks declined for the third day this week and extended losses in the fourth week in a row. The dollar edged lower and commodities prices generally closed down. David Jones and JB Hi-Fi fell to two year lows. Stockland and Westfiled put properties for sale.
- Arthi Gupta
- 08 Jun, 2011
- New York City
The European indexes edged lower after comments from the U.S. Fed Chairman Ben Bernanke yesterday. AXA Private Equity agreed to acquire $1.7 billion buyout fund assets from Citigroup. Total sold Gassled stake to Silex Gas Norway for NOK 4.64 billion.
- Arthi Gupta
- 08 Jun, 2011
- New York City
Euro area economy expanded 0.8% and Iceland''s economy rebounded 2% in the first quarter. Germany trade surplus fell and French trade deficit widened in April. Greek unemployment surged to 16.2%. Romanian industrial production slackened in April.
- Bikram Pandey
- 07 Jun, 2011
- New York City
U.S. stocks declined for the fifth day in a row and U.S. Treasury completed the sale of $32 billion of 3-year notes. Stocks pared early gains after Fed chairman estimated economic recovery in the second half. In Europe, retail sales increased and Germany indicated higher orders in April.
- Mukesh Buch
- 07 Jun, 2011
- New York City
Booz Allen fourth quarter net more than tripled. G-III Apparel said quarterly net loss of narrowed. Navistar second quarter net income increased to $74 million. Talbots swung to quarterly profit. Temple-Inland rejects unsolicited takeover proposal from International Paper.
- Arthi Gupta
- 07 Jun, 2011
- New York City
The UK indexes climbed after retail sales fell and home price rose in May. Irish property prices declined in April. BP plc may sell some of its 50% stake in TNK-BP joint venture to Russia based Rosneft.
- Arthi Gupta
- 07 Jun, 2011
- New York City
U.S. indexes gained ahead of Fed Reserve Chairman Bernanke''s speech. The Food and Agriculture Organization forecasted high food prices for this year and next. NBCUniversal agreed to buy Blackstone''s stake in Universal Orlando for $1.03 billion. Temple-Inland rejected bid from International Paper.
- Devan Biswas
- 07 Jun, 2011
- New York City
Stocks in Mumbai traded sideways but on a rising volume. Software services exporters closed higher on new order wins and automakers closed lower ahead of expected natural gas price increase as early as tomorrow. The rupee held firm.
- Nigel Thomas
- 07 Jun, 2011
- New York City
The Nikkei benchmark index rebounded on the valuation discount but broader market traded in a tight range. Utilities and banks closed lower on the uncertainty related to Tokyo Electric Power. Automakers closed higher after Toyota scheduled earnings outlook conference on June 10.
- Arthi Gupta
- 07 Jun, 2011
- New York City
The European indexes edged higher after ratings agency revised its outlook on Hungary to stable from negative. VimpelCom acquired 90% of New Telephone Company. Finland-based Metso agreed to buy technology of Swiss Holzmag GmbH. Ahold quarterly profit rose 6.2% boosted by sales and margins.
- Marcus Jacob
- 07 Jun, 2011
- New York City
Australian stocks declined for the sixth day and extended losses in the fourth week. The Reserve Bank of Australia left key rate at 4.75% and guided higher inflation in the next one year. Metcash annual net increased 6.1% but indicated a cautious outlook.
- Arthi Gupta
- 07 Jun, 2011
- New York City
Euro area retail sales improved in April and German factory orders rose in April and service sector employment growth slackened in the first quarter. Norwegian jobless rate declined and Swiss inflation increased in May. Hungarian industrial production slowed in April.
- Bikram Pandey
- 06 Jun, 2011
- New York City
U.S. indexes extended losses for the fourth day in a row as banks and tech stocks led the decliners. U.S. stocks have been on the decline for the five weeks in a row as tech stocks weaken. For the year S&P 500 index is up 3%. Airlines fell after the industry group lowered the annual profit estimate.
- Arthi Gupta
- 06 Jun, 2011
- New York City
The UK indexes fell after manufacturing expanded in the second quarter boosted by overseas demand. Aegis confirmed talks with France-based Ipsos over sale of Synovate. SABMiller subsidiary agreed to sell stake in Kenya Breweries for $225 million. Melrose disposed Dynacast division for $590 million.