- Marcus Jacob
- 05 Apr, 2011
- New York City
Australian stocks edged higher after the Reserve Bank of Australia left rates on hold for the fifth month in a row. Australia recorded trade deficit of $205 million in February as coal and iron ore shipments were delayed. The Australian dollar closed at $1.03.
- Bikram Pandey
- 04 Apr, 2011
- New York City
U.S. stocks struggled to arrest early morning gains after crude oil and commodities were in focus. Deals of $25 billion were announced on Monday. Silver surges to a 3-decade high. Markets in Asia gained and stocks in Japan struggled on supply chain worries.
- Nigel Thomas
- 04 Apr, 2011
- New York City
UK stocks edged higher in a quiet trading as crude oil prices overshadowed the deal making. Crude oil in London jumped more than 1% to a 30-month high. Vodafone Group sold its stake in France based SFR for nearly
- Mukesh Buch
- 04 Apr, 2011
- New York City
The cruise operator Ambassadors filed for a bankruptcy protection. Epicor Software agreed to be acquired by private equity funds managed by Apax Partners. Pfizer sold its Capusgel business to KKR for $2.38 billion in cash. Southwest Airlines cancels more than 70 flights.
- Bikram Pandey
- 04 Apr, 2011
- New York City
U.S. stocks struggle as crude oil prices gain and commodities edge higher. Vodafone agreed to sell its stake in the second largest French mobile telecom operator for $11.3 billion and Pfizer agreed to sell its capsules maker unit for $2.4 billion.
- Arjun Dave
- 04 Apr, 2011
- New York City
European markets in a quiet trading focused on banks in Ireland, Italy and Portugal. Italian banks are expected to raise as much as 10 billion euros in the next two months ahead of banks stress tests. Vodafone agreed to sell its 44% stake in SFR to Vivendi and Solvay launched an offer for Rhodia.
- Devan Biswas
- 04 Apr, 2011
- New York City
Stocks in Mumbai closed higher after foreign funds flows picked up. The positive momentum in trading carried the Sensex index up 1.5% and extended gains in last ten days to above 9%. Reliance Communications and others deny government charges in telecom licenses scam.
- Nigel Thomas
- 04 Apr, 2011
- New York City
Stocks in Japan struggled to advance after the government said it may take a month before the radiation leak is contained. Supply chain and earnings worries dampened market sentiment. Weaker yen lifted exporters. Automakers and electronics makers closed mixed.
- Marcus Jacob
- 04 Apr, 2011
- New York City
Australian stocks traded higher ahead of the Reserve Bank of Australia rate decision tomorrow. China controlled Minmetals Resources launched $6.3 billion offer for Equinox Minerals. Cellestis, the diagnostic technology company agreed to a takeover of $341 million from the Frankfurt listed Qiagen.
- Bikram Pandey
- 01 Apr, 2011
- New York City
U.S. stocks gained for the second week in a row after the release of employment report. The three popular indexes gained between 1.3% and 1.7% in the week. Ford domestic sales surpassed GM sales in March and Toyota sales declined. Crude oil rebounded after fight for oil cities in Libya intensifies.
- Mukesh Buch
- 01 Apr, 2011
- New York City
Nasdaq OMX made a joint proposal to acquire NYSE Euronext. Global Payments third quarter net income fell to $47.8 million. Kid Brands fourth quarter net income surged 72.6% to $22.8 million. Office Depot restates tax benefits of $80 million and change net earnings from $33 mn to net loss of $46 mn.
- Arthi Gupta
- 01 Apr, 2011
- New York City
The UK indexes surged after successful completion of stress tests in Ireland and a rating agency lowered Irish debt view. The UK manufacturing sector growth eased in March. Shell agreed to sell Chilean downstream business to Quinenco for $614 million.
- Arthi Gupta
- 01 Apr, 2011
- New York City
U.S indexes climbed after better-than-estimated jobs report in March. The WTO ruled Boeing received at least $5.3 billion in illegal subsidies. GM sold stake in Delphi Automotive for $3.8 billion. Goodrich agreed to acquire Italy-based Microtecnica for $462 million.
- Arthi Gupta
- 01 Apr, 2011
- New York City
The European indexes rose after Chinese manufacturing activity improved in March. Nasdaq and ICE jointly bid for NYSE Euronext at 19% higher than Deutsche Boerse bid. Clariant agreed to acquire Canada-based Prairie Petro-Chem. Logitech fell on weaker 2011 outlook.
- Arthi Gupta
- 01 Apr, 2011
- New York City
Euro-zone unemployment in February declined to 9.9% and in the wider zone of 27 nations the rate eased to 9.5%. Manufacturing expansion in the region slowed in March. French car sales increase slowed to 6.1%. Swiss retail sales rebounded in February.