- Marcus Jacob
- 11 May, 2011
- New York City
Bank of England lowered its economic growth views for 2011 and 2012 and lifted inflation warning to as high as 5%. Separately, UK trade deficit increased in March. HSBC declined after it plans to trim costs as much as $3.5 billion and ITV fell on weaker advertising outlook.
- Bikram Pandey
- 11 May, 2011
- New York City
U.S. turned lower in the morning after trade deficit widened on higher oil price and sustained imports. China reported inflation of 5.3% and bank loans rose at a slower pace. Walt Disney quarterly net missed earning estimates. Spectrum Brands gained on better than expected sales.
- Nigel Thomas
- 11 May, 2011
- New York City
European stocks inched higher as earnings lifted trading sentiment despite the ongoing worries linked to Greece. German Chancellor Angela Merkel said Greece must do its part in rebuilding its economic foundation. Maersk and Hermes gained more than 4% on better quarterly results.
- Devan Biswas
- 11 May, 2011
- New York City
Stocks in Mumbai traded in a tight range as banks, real estate developers and resources linked stocks led the most active list. State Bank of India lifted prime lending rate by 75 basis points following an increase of 50 basis points by the RBI. Oracle Financial Services soared 11%.
- Nigel Thomas
- 11 May, 2011
- New York City
Stocks in Japan closed higher for the second day in a row. The yen weakened but held firm. Finance Ministry report showed that the central bank conducted only one currency intervention in the quarter to March.
- Marcus Jacob
- 11 May, 2011
- New York City
Australian stocks advanced after China reported inflation above 5% but not high enough to slow down the economy. The Australian dollar edged up to $1.08. Westfield lifted outlook for development construction. David Jones after it reaffirmed annual earnings outlook.
- 123jump.com Staff
- 10 May, 2011
- New York City
The financial services provider total quarterly net revenue dropped 9% to $25.22 billion. Net income in the quarter surged 67% to $5.56 billion. Earnings per share rose to $1.28 as against 74 cents per share a year ago.
- Nigel Thomas
- 10 May, 2011
- New York City
UK stocks climbed tracking the gains in European markets. UK retail sales volume increased 5.2% in April largely on the account of calendar shift and one-time event. Intercontinental Hotels Group guided higher sales at Holiday Inn and Imperial Tobacco Group reported higher sales.
- Arjun Dave
- 10 May, 2011
- New York City
European markets closed higher after Greece successfully completed the sale of 6-month debt and attracted a large chunk of foreign investors to the auction. Market indexes in Germany, Switzerland, Greece, Italy and Spain advanced. The IMF is expected to offer as much as
- Mukesh Buch
- 10 May, 2011
- New York City
Aeroflex third quarter net income rose to $4.13 million. CVR Energy first quarter net income grew to $45.8 million. Fossil first quarter net income soared 55.5% to $55.8 million. Triumph fourth quarter net income rose to $52.3 million. Universal Display first quarter net loss widened to $11.9 mn.
- Bikram Pandey
- 10 May, 2011
- New York City
U.S. stocks traded higher on merger news. Microsoft agreed to acquire Skype for $8.5 billion in cash. American Idol parent CKX agreed to go private. China
- Devan Biswas
- 10 May, 2011
- New York City
Stocks in Mumbai closed lower in a volatile trading. Sustained elevated inflation and rising fuel prices has kept investors on the sidelines. The rupee edged lower to 45.36 as crude oil prices traded above $100 a barrel.
- Nigel Thomas
- 10 May, 2011
- New York City
Japan stocks traded higher as earnings overshadowed growing sovereign default worries in the euro-zone. Toshiba, Hitachi and Sumitomo Heavy lead the gainers are reporting or guiding better than expected earnings. Softbank Corp estimated higher full-year earnings.
- Marcus Jacob
- 10 May, 2011
- New York City
Australian stocks declined for the second day as the federal government cut spending and deferred infrastructure projects to bring the deficit in control. Australia swung to a trade surplus in March. The dollar declined on the worries that China will tighten rates as trade surplus soared in April.
- Mukesh Buch
- 19 May, 2011
- New York City
Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million.