- Nigel Thomas
- 11 Mar, 2011
- New York City
Markets in Japan dropped after an earthquake of 8.9 magnitude struck northeastern Japan. The quake unleashed tsunami as high as 10 meters that hit the coast of Miyagi prefecture. Death toll of 29 is expected to be revised higher.
- Marcus Jacob
- 11 Mar, 2011
- New York City
Stocks in Australia declined on tracking the losses in Asian markets. Global sentiment dictated the trading in Sydney. Markets opened lower after U.S. weekly jobless claims rose, sovereign debt worries resurfaced in Europe and China reported a faster increase in inflation.
- Bikram Pandey
- 10 Mar, 2011
- New York City
U.S. indexes dropped 1.8% after weekly jobless claims rose and trade deficit increased more than expected. Market sentiment turned sour following the release of two economic reports and the resurfacing of the sovereign debt worries in Europe and a decline in Libyan oil production and Saudi protests.
- Mukesh Buch
- 10 Mar, 2011
- New York City
Green Mountain Coffee entered in to strategic relationship with Starbucks. Smithfield third quarter net income surged to $202.6 million. The Buckle quarterly net income rose 17.6% to $49.5 million. Catalyst Health will acquire Walgreens pharmacy benefit management business.
- Arthi Gupta
- 10 Mar, 2011
- New York City
The UK indexes plunged after the Bank of England retained key rate at 0.5% and bond buying program. British manufacturing output rebounded and industrial production slackened in January and Irish inflation soared in February. Rio Tinto raised its conditional offer for Riversdale.
- Arthi Gupta
- 10 Mar, 2011
- New York City
U.S. indexes scaled lower after China reported a trade deficit. U.S. weekly jobless claims rose, trade deficit widened more than estimated and foreclosure filings declined. HCA Holdings raised $3.79 billion in IPO. Cumulus agreed to acquire Citadel Broadcasting for $2.4 billion.
- Arthi Gupta
- 10 Mar, 2011
- New York City
European indexes fell after ratings agency Moody
- Devan Biswas
- 10 Mar, 2011
- New York City
Stocks in Mumbai declined on a weakness in global markets and crude oil traded near recent highs. The latest read on inflation showed a decline in food prices. Exports in February increased 49.8% to $23.6 billion but trade deficit hovered near $8 billion.
- Devan Biswas
- 10 Mar, 2011
- New York City
Stocks in Shanghai fell after China reported its first monthly trade deficit in nearly a year as imports rose at a faster pace than exports. For the two months to February China slipped into a deficit. Automakers declined after February auto sales rose 2.9% from a year ago.
- Nigel Thomas
- 10 Mar, 2011
- New York City
Tokyo indexes closed lower after China reported its first monthly trade deficit and Libya remained in focus. Japan revised its last quarter economic decline to 1.3% from the previous estimate of 1.1% fall. Tokyo Stock Exchange Group and Osaka Securities Exchange are reported to explore a merger.
- Marcus Jacob
- 10 Mar, 2011
- New York City
Australian indexes declined as markets in Asia fell and resource prices edged lower. Australian economy lost 10,100 jobs in February and inflation expectation declined according to a private survey. Rio Tinto lifts its conditional offer for Riversdale to $16.50 a share.
- Mukesh Buch
- 09 Mar, 2011
- New York City
AeroVironment Inc increased 12% after it reported better than expected earnings. Finisar Corp dropped after it guided lower fourth quarter earnings. Children
- Arthi Gupta
- 09 Mar, 2011
- New York City
The UK indexes slid after trade deficit narrowed, shop price inflation increased, and job growth accelerated. Rolls-Royce won order from Cathay Pacific for Trent 700 engines. Prudential and Tullow net surge.
- Bikram Pandey
- 09 Mar, 2011
- New York City
U.S. markets struggled and European markets declined after crude oil prices gained. Uncertainty in Libya overshadowed worldwide trading. U.S. mortgage application rose to a one-year high. Exxon Mobil plans to increase capital spending this year 6% to $34 billion.
- Arthi Gupta
- 09 Mar, 2011
- New York City
U.S. indexes struggled after crude oil and gold gained on uncertainty in Libya. AIG repaid about $6.9 billion to the Treasury. Stocks edged lower on the second anniversary of bull market that saw near double in indexes.