- Arthi Gupta
- 14 Mar, 2011
- New York City
The UK indexes dropped as the devastating earthquake in Japan added to a growing list of worries ranging from the Middle East turmoil and European sovereign debt default. BP and TNK-BP talks ended in a stalemate over Rosneft deal.
- Arthi Gupta
- 14 Mar, 2011
- New York City
U.S. indexes declined as Japan earth quake added to worries related to Saudi Arabia and Libya. The OECD leading index rose in January. Berkshire Hathaway agreed to acquire Lubrizol for $9.7 billion. Eli Lilly offered to buy Janssen Animal Health.
- Arthi Gupta
- 14 Mar, 2011
- New York City
European markets traded lower after a summit of European leaders failed to calm credit markets. Insurers fell on the worries that Japan quake related claims may surge to $34 billion. France Telecom-Orange and Agility venture acquired 44% stake in Iraq-based Korek Telecom.
- Devan Biswas
- 14 Mar, 2011
- New York City
Stocks in Mumbai trading surged after crude oil prices eased. The benchmark Sensex index soared 1.4% and Reliance Industries and state controlled refineries gained more than 5%. Reliance Capital soared 10% after it sold 26% stake in its life insurance subsidiary to Nippon Life.
- Nigel Thomas
- 14 Mar, 2011
- New York City
The benchmark index in Tokyo plunged more than 6% and the central bank pumped short term liquidity to stem the rise in the yen. Automakers suspended production and insurance companies led the decliners and construction companies led the gainers as Tokyo Stock Exchange imposes daily trading limit.
- Marcus Jacob
- 14 Mar, 2011
- New York City
Australian indexes closed lower for the fifth day in last six trading sessions. The Australian dollar in a volatile session edged lower and QBE Insurance estimated its share of Japan tsunami losses not to exceed $125 million. Uranium miners led the decliners.
- Bikram Pandey
- 11 Mar, 2011
- New York City
U.S. indexes rebounded after retail sales were ahead of expectations and crude oil prices declined. Japan struggles in the aftermath of the strongest earthquake on record as Tokyo residents face power loss and damaged transportation system.
- Mukesh Buch
- 11 Mar, 2011
- New York City
AnnTaylor fourth quarter net income surged to $7.97 million. Aeropostale quarterly net income declined 13.3% to $83.8 million. Air Methods net income soared 450% to $12.6 million. Pall Corp. second quarter net earnings soared 52.5% to $75.6 million.
- Bikram Pandey
- 11 Mar, 2011
- New York City
World markets are on the edge as most nations touched by the Pacific Coast prepare to battle tsunami unleashed by the strongest earthquake felt in three centuries near the northern coast of Japan. Hawaii and the West Coast of the U.S. and Australia and New Zealand are expected to hit with waves.
- Arthi Gupta
- 11 Mar, 2011
- New York City
The UK indexes declined tracking the declines in the European and world markets. The UK factory gate inflation rose to 28-month high in February. BP expanded biofuels business in Brazil. Chevron agreed to sell Pembroke Refinery and certain UK assets to Valero Energy for $1.73 billion.
- Arthi Gupta
- 11 Mar, 2011
- New York City
U.S. indexes extend world market losses after Japan was struck with the strongest earthquake in three centuries that triggered 10-meter tsunami and warnings for 50 countries. U.S. retail sales rose in February. Ashford Hospitality venture acquired Highland Hospitality portfolio for $1.3 billion.
- Arthi Gupta
- 11 Mar, 2011
- New York City
German wholesale price inflation accelerated in February. Inflation in euro area rose in February and economic growth was mixed. Swedish jobless rate fell in February. Hungary, Czech Republic and Bulgaria lowered their estimates of quarterly GDP growths.
- Arthi Gupta
- 11 Mar, 2011
- New York City
The European indexes plunged after Japan was hit by an earthquake of 8.9 that triggered tsunami with waves 10 meters high. Sweden-based Saab won order for weapon system. Brainspark signed deal with Italy-based Gruppo Bancario Mediterraneo. Fraport annual net surged 80%.
- Devan Biswas
- 11 Mar, 2011
- New York City
Stocks in Mumbai traded lower after industrial production rose less than expected in January. Markets opened lower on weak economic data in U.S. and spread of unrest in the Middle East to Saudi Arabia.
- Devan Biswas
- 11 Mar, 2011
- New York City
Stocks in Shanghai extended Japan losses after a massive earthquake hit northeastern Japan. Consumer price inflation in China increased 4.9% in February and industrial production in two-months to February rose 14.1% and retail sales growth declined to 15.8%.