- Marcus Jacob
- 21 Mar, 2011
- New York City
European markets surged after Japan nuclear meltdown fears receded. Wireless carriers in Europe were on the upswing after Deutsche Telekom agreed to sell its U.S. unit for $39 billion. Insurance stocks increased after Swiss Re estimated $1.2 billion of losses linked to Japan quake.
- Arjun Dave
- 21 Mar, 2011
- New York City
U.S. existing home sales rate declined 9.6% to 4.88 million and median home price fell 5.2% to $156,100. Inventory of unsold homes increased to 8.6-month supply.
- Bikram Pandey
- 21 Mar, 2011
- New York City
U.S. stocks surged after crude oil prices gained and markets in Europe and Asia advanced. AT&T gained after it agreed to acquire for $39 billion T-Mobile and Charles Schwab offered $1 billion for online options trading firm. SunTrust and KyeCorp raised $1.67 billion to repay TARP funds.
- Devan Biswas
- 21 Mar, 2011
- New York City
Stocks in Mumbai traded lower after crude oil prices gain stoked the worries of higher inflation and prompted analysts to talk of a market correction of further 5%. Mahindra & Mahindra completed the purchase of a stake in Korean engine maker. Power Finance Corp approved $800 million offering.
- Devan Biswas
- 21 Mar, 2011
- New York City
Stocks in Hong Kong and Shanghai increased after investors shrugged off the latest bank reserve tightening. China energy stocks gained after crude oil prices increased. Kweichow Moutai Co, China
- Marcus Jacob
- 21 Mar, 2011
- New York City
Australian stocks traded up as resource stocks gained and Japan cited more progress in containing a nuclear reactor. Crude oil prices surged after UK and France led an attack on Libya that killed as many as 150 civilians. Lundin Mining asked shareholders to reject hostile offer from Equinox Mining.
- Arjun Dave
- 21 Mar, 2011
- New York City
AT&T Inc agreed to acquire T-Mobile from Deutsche Telekom in a cash and stock deal for $39 billion. The deal will catapult AT&T to the largest wireless carrier in the U.S. and customers may see higher prices in less than a year. J.P. Morgan will provide $20 billion in debt financing.
- Bikram Pandey
- 18 Mar, 2011
- New York City
U.S. markets extended gains for the second day after crude oil price declined and Libya backed down and announced a cease-fire. Bank of Japan pumped $37 billion in a coordinated currency intervention with the central banks in Europe and North America. World markets gained more than 1%.
- Mukesh Buch
- 18 Mar, 2011
- New York City
Cisco traded higher after it announced a quarterly dividend of six cents. CostPlus fourth quarter net income increased but estimated lower than expected in the current year. Nike third quarter net income soared 5% to $523 million. The Cato fourth quarter net income rose 8%.
- Nigel Thomas
- 18 Mar, 2011
- New York City
UK stocks traded higher matching the gains in Europe and world markets. Crude oil declined after Libya announced a no-fly zone. UK mortgage lending in February declined as home market remained sluggish and consumer sentiment index dropped to the low last seen in 2004.
- Marcus Jacob
- 18 Mar, 2011
- New York City
U.S. stocks traded higher after G-7 central bankers conducted a coordinated currency market intervention. The joint action, first in a decade also highlighted fragile global recovery and need to dampen speculative volatility. U.N. passed a no-fly zone over Libya. Cisco declared a quarterly dividend.
- Nigel Thomas
- 18 Mar, 2011
- New York City
Stocks in Europe opened higher after G-7 nations conducted a coordinated action to tame the yen, Libya announced a cease fire and U.N. passed a no-fly zone resolution over Libya. Spain
- Devan Biswas
- 18 Mar, 2011
- New York City
Stocks in Mumbai declined on the worries that another hike in retail petrol prices will stoke a new round of inflation. Political noise also notched up after a leaked U.S. diplomatic cable hinted that Congress Party offered bribes to win the nuclear treaty vote in Parliament.
- Nigel Thomas
- 18 Mar, 2011
- New York City
Stocks in Japan rebounded after G7 nations initiated round-the-clock intervention in currency market. The yen declined 3.6% by the end of trading and more selling is expected in Europe and in New York later in the day. G7 agreed for a coordinated move, the first such action since 2000.
- Marcus Jacob
- 18 Mar, 2011
- New York City
Australian stocks rebounded after markets in Asia turned positive on the G7 pledge to support the weak yen. The Bank of Japan in a coordinated move sold more than one trillion yen and expected more selling by the European and the U.S. central banks.