- Arthi Gupta
- 24 Jun, 2011
- New York City
Euro-zone leading index fell in May. German business sentiment improved and French consumer confidence remained flat in June. Hungarian retail sales dropped in April. Spanish producer price inflation eased in May.
- Arthi Gupta
- 24 Jun, 2011
- New York City
The European indexes gained after European Union leaders agreed to extend more financial aid to Greece. NYSE Euronext and Deutsche Boerse settled shareholder lawsuits by paying dividends of $910 million. Rolls-Royce and Daimler secured 94% of Tognum shares.
- Nigel Thomas
- 24 Jun, 2011
- New York City
The benchmark index Nikkei registered 3.5% gain in the week, the largest weekly gain in the year. Stocks advanced to a 3-week high after Greece worries eased and oil fell. Retailers declined after Economy Minister Yosano strongly advocated the increase of consumption tax.
- Mukesh Buch
- 24 Jun, 2011
- New York City
Australian stocks struggled after crude oil plunged more than 4%. The commodities markets also trended lower. BHP said it will invest nearly $500 million in its potash mining operation in Canada and its alumina refinery operation in Western Australia will cost significantly more.
- Bikram Pandey
- 23 Jun, 2011
- New York City
U.S. stocks turn negative and crude oil plunges nearly 5%. Weak jobs market report and new home sales dragged broader indexes in the U.S. and European markets fell as bond yields on peripheral nations rose near record high.
- Mukesh Buch
- 23 Jun, 2011
- New York City
Bed Bath first quarter net profit climbed 31%. ConAgra fourth quarter net income surged 184%. Discover Financial second quarter net soared to $593 million. Lennar second quarter net earnings slumped 65%. Nissan estimates fiscal year net income of 270 billion yen.
- Arthi Gupta
- 23 Jun, 2011
- New York City
The UK indexes slumped after comments from the U.S. Federal Reserve Chairman Ben Bernanke. UK high street sales growth was flat in June and mortgage approvals increased in May. Irish deficit narrowed and economy expanded in the first quarter.
- Arthi Gupta
- 23 Jun, 2011
- New York City
U.S. indexes slid after weekly jobless claims rose more than estimated to 429,000. Maple Group raised bid offer for TMX Group to C$3.8 billion. Aviva agreed to sell RAC to Carlyle Group for $1.60 billion. Airbus won orders worth $72 billion in Paris Air Show.
- Nigel Thomas
- 23 Jun, 2011
- New York City
The benchmark index in Japan declined on weaker than expected economic growth in the U.S. Nissan, Isuzu and Suzuki gained on higher than expected earnings outlook. Domestic production is expected to revive earlier than expected as supply chain worries ease.
- Arthi Gupta
- 23 Jun, 2011
- New York City
Euro-zone consumer confidence fell in June and private sector growth fell to a 20-month low. French factory sector growth slowed in June. Swiss trade surplus surged and Dutch jobless rate rose in May. Italian consumer sentiment declined.
- Arthi Gupta
- 23 Jun, 2011
- New York City
The European indexes slumped after the Federal Reserve lowered its growth forecast for the U.S. economy. European leaders meet in Brussels today to discuss the bailout plan for Greece. Euro-zone private sector expanded at the slowest pace since October 2009.
- Arjun Dave
- 23 Jun, 2011
- New York City
National Broadband Network agreed with Telstra to transfer its fixed-line business for $11 billion. The wholesale network operator also agreed with Optus to transfer its cable business for $800 million. The historic agreements paved the way for the rollout of fiber optic network across Australia.
- Marcus Jacob
- 23 Jun, 2011
- New York City
Australian stocks closed lower after rallying for five days in a row. Telstra and National Broadband Network agreed to a historic agreement that will see the roll out of fiber optic network. NBN will pay $11 billion for the transfer of fixed line business.
- Bikram Pandey
- 22 Jun, 2011
- New York City
U.S. Federal Reserve maintained its record stimulus program and left its rate target near zero. Fed also lowered its current year growth outlook to as low as 2.7%, lifted core inflation views to 1.5% and unemployment to fall no lower than 8.6%.
- Mukesh Buch
- 22 Jun, 2011
- New York City
AstraZeneca agreed to sell its Astra Tech business to Dentsply for $1.8 billion in cash. Adobe second quarter net income surged 54% but issued cautious outlook. FedEx fourth quarter net income soared 33% to $558 million. Jabil Circuit third quarter net income surged doubled.