- Arthi Gupta
- 19 Apr, 2011
- New York City
Euro-zone private sector activity improved, current account deficit widened and consumer sentiment dipped. European car registrations fell in March. German private sector activity slowed in April. Austria PPI Inflation rose to a 6-year high in February.
- Nigel Thomas
- 19 Apr, 2011
- New York City
Stocks in Tokyo were dragged lower on the rising uncertainty related to the massive U.S. debt and growing realization that peripheral nations in Europe will need debt restructuring. Yen gained and electronics and chipmakers declined after Texas Instruments cited supply chain problems in Japan.
- Marcus Jacob
- 19 Apr, 2011
- New York City
Australian stocks faced a selling pressure on the international worries and the release of minutes of the latest RBA meeting. Woodside quarterly revenues declined 3% on production fall of 19% and indicated a delay in the start of Pluto oil field. Newcrest lowered its gold production outlook.
- Bikram Pandey
- 18 Apr, 2011
- New York City
U.S. indexes dropped after a rating agency sounded alarm on the rising U.S. debt. The talks of possible U.S. debt downgrade only added to market jitters as sovereign default worries resurfaced in Europe. Commodities declined but precious metals gained.
- Mukesh Buch
- 18 Apr, 2011
- New York City
Citigroup first quarter net income fell 32% to $3 billion. Eli Lilly first quarter net income declined 15% to $1.06 billion. KeyCorp first quarter net income grew to $173 million. TD Ameritrade second quarter net income rose 5.6% to $171.7 million. W.W.Grainger first quarter net earnings soared 59%.
- Arthi Gupta
- 18 Apr, 2011
- New York City
The UK indexes plunged after a ratings agency lowered its debt ratings on five Irish banks. The UK home price index rose in April and manufacturing workers'' pay deals increased. Capital Pub Company surged as revenues improved 24%.
- Arthi Gupta
- 18 Apr, 2011
- New York City
U.S. indexes traded lower after a rating agency raised an alarm on the lack of consensus among U.S. politicians. Baxter agreed to acquire Prism Pharma for $338 million. Bombardier inked $867 million contract with DB Regio. Citigroup net slid 32% despite lower credit-loss provisions.
- Devan Biswas
- 18 Apr, 2011
- New York City
Stocks in Mumbai trading turned negative on the earnings worries, high commodities and crude oil prices and weak global sentiment. Ahead of earnings banks were weak. Tata Power inches closer to raise as much as $400 million. HDGF Bank fourth quarter net soared 33% and hiked dividend by 165%.
- Nigel Thomas
- 18 Apr, 2011
- New York City
Stocks in Tokyo trading declined as investors awaited earnings in the next two weeks. Trading volume dropped to the lowest in the year as G-20 meeting failed to produce concrete actions. Tepco is expected to receive multi-billion dollar infusion to pay for disaster expenses.
- Arthi Gupta
- 18 Apr, 2011
- New York City
Greece reiterated that the nation has no plans to restructure its debt. The Bundesbank forecasted positive economic growth in Germany. Finnish producer price inflation soared in March. Italian current account deficit widened to
- Arthi Gupta
- 18 Apr, 2011
- New York City
European indexes slumped on euro-zone sovereign debt concerns. Nestle acquired 60% stake in China-based Yinlu Foods. France Telecom-Orange and Deutsche Telekom agreed to form a venture to cut costs. Synthes confirmed talks with Johnson & Johnson.
- Marcus Jacob
- 18 Apr, 2011
- New York City
Stocks in Sydney gained and the meeting of G-20 finance ministers failed to produce any specific steps to lift the global economic growth. Retail price of petrol in Australia jumped to a 30-month high. Woolworths sales increased 5.1%. Residential land transaction dropped to the lowest in a decade.
- Arjun Dave
- 16 Apr, 2011
- New York City
Trinidad attracts foreign investment of $70 million in energy exploration that is expected to arrest the decline in oil and gas production in the last decade. However, the twin island nation remains dependent on the energy sector for its exports and economic growth.
- Bikram Pandey
- 15 Apr, 2011
- New York City
U.S. stocks edged higher after commodities rebounded. The U.S. House passed budget cuts that will reduce $6.2 trillion in budget deficit over ten years but will leave the defense spending and taxes for corporate and rich people untouched.
- Mukesh Buch
- 15 Apr, 2011
- New York City
Bank of America first quarter net income fell to $2 billion. Google first quarter net income rose to $2.30 billion. Genuine Parts quarterly net income rose 26% to $126.5 million. Knoll first quarter net income soared 318.2% to $9.2 million. Charles Schwab quarterly net income surged 84% to $243 mn.