- Marcus Jacob
- 30 Jun, 2011
- New York City
The Australian stocks scaled higher after Greece approved deeply unpopular austerity measures. The benchmark index soared 7% in the first half of the year as mining companies led gainers. Insurance Australia Group estimated margins between 8% and 10% in the current year.
- Bikram Pandey
- 29 Jun, 2011
- New York City
U.S. indexes extended gains for the third day in a row as investors looked beyond Greek austerity vote. The euro gained and crude oil and metals advanced. Visa and MasterCard surged after the latest Fed proposal showed higher fees that retailers pay for debit card transactions.
- Arjun Dave
- 29 Jun, 2011
- New York City
Bank of America agreed to pay between $8.5 billion and $9.1 billion for losses linked to mortgage securities that were sold between 2004 and 2008. The bank also guided second quarter net income between $3.2 billion and $3.7 billion.
- Arthi Gupta
- 29 Jun, 2011
- New York City
The UK indexes extended gains after the Greek parliament approved austerity measures. UK services index edged up in April. Mortgage approvals in the UK rose but M4 money supply declined in May. Irish unemployment increased to 14.2% in June.
- Arthi Gupta
- 29 Jun, 2011
- New York City
U.S. indexes rose after the Greek parliament voted in favor of austerity measures. Bank of America agreed to pay $8.5 billion to settle claims on mortgage-backed securities. BJ''''s Wholesale agreed to a leveraged buyout for $2.8 billion.
- Nigel Thomas
- 29 Jun, 2011
- New York City
The Nikkei index soared 1.5% and extended gains for the second day on the sharp recovering in domestic manufacturing and improving sentiment in the euro-zone. Retailers advanced for the third day in a row on improved retail outlook. Autos and electronics makers led the gainers.
- Arthi Gupta
- 29 Jun, 2011
- New York City
Euro area retail sales and sentiment fell in June. French GDP growth revised down in the first quarter. Spanish retail sales declined in May. Hungarian jobless rate declined in the three month period to May. Romania''s central bank held key rate at 6.25%.
- Arthi Gupta
- 29 Jun, 2011
- New York City
The European indexes traded higher ahead of austerity vote in the Greece. The EU officials stepped up media campaign in the support of austerity measures. Euro-zone economic sentiment index fell to 105.1 in June. Philips agreed to acquire Indal. Japan-based Kyocera agreed to buy Unimerco.
- Marcus Jacob
- 29 Jun, 2011
- New York City
Australian stocks rebounded ahead of Greek austerity vote. Resource stocks gained on the back of higher oil and metals. Transpacific Industries revised lower its annual outlook.
- Bikram Pandey
- 28 Jun, 2011
- New York City
U.S. indexes turned positive ahead of closely watched Greek vote tomorrow. The Dow, Nasdaq and S&P 500 indexes added more than 1%. The euro gained. Crude oil and commodities advanced. The IMF appointed French Finance Minister Christine Lagarde as the next managing director.
- Mukesh Buch
- 28 Jun, 2011
- New York City
ICE mobile is now available for Android devices and mobile trading. ITT Corp. signed seven-year strategic partnership agreement to provide products and services with Saudi Arabian Oil Company. Nike fourth quarter net income grew 14% to $594 mn. Shire completes acquisition of Advanced BioHealing Inc.
- Arthi Gupta
- 28 Jun, 2011
- New York City
The UK indexes rose after GDP expanded 0.5%, employment rose 1.4%, business investment and consumer spending slid in the first quarter. Irish consumer confidence deteriorated to a 4-month low in June. Cable & Wireless plunged 14% on weak fiscal year 2012 outlook.
- Arthi Gupta
- 28 Jun, 2011
- New York City
U.S. indexes traded flat with Greece in focus. General Dynamics won a $286 million contract from the U.S. Army. McCormick agreed to acquire Kamis for about $291 million. Nike quarterly earnings and revenues more than expected.
- Arthi Gupta
- 28 Jun, 2011
- New York City
European commercial vehicle sales improved and Swedish retail sales dropped in May. German consumer confidence set to strengthen in July. Italy''s producer prices rose and Swiss consumption indicator increased in May.