- Bikram Pandey
- 07 Feb, 2013
- New York City
U.S. market indexes declined after cautious comments from European policymakers and weak earnings. Oil traded near elevated prices and market indexes recovered half the 1% decline. Retailers reported higher same store sales in January.
- Arjun Dave
- 07 Feb, 2013
- New York City
Gross Domestic Product is expected to slow down to 5% in the year ending in March as food prices drive inflation to a record high among emerging nations. The government is facing election in next 14 months and is expected to face an uphill battle to lower spending and fiscal deficit.
- Nichole Harper
- 07 Feb, 2013
- New York City
Stocks in New York traded lower after market sentiment veered towards consolidation and latest earnings failed to spark interest. The dollar edged up and gold gained after central banks in Europe and U.K. held rates. Weekly unemployment claims fell in the last week.
- Mukesh Buch
- 07 Feb, 2013
- New York City
Cognizant fourth quarter net climbed 16%. Cigna net surged 49% and lifted outlook. Noble Energy net swung to $251 million profit. Sprint loss widened. Teradata net jumped 15% and New York Times net surged more than three-fold.
- Barry Randall
- 07 Feb, 2013
- New York City
European markets were generally steady after the central banks in Europe and U.K. left key rates unchanged. Spain completed its bond offering at higher yields but yields fell at French bond auction. Vodafone reiterated its earnings outlook.
- Barry Randall
- 07 Feb, 2013
- New York City
Banks rebounded after the European Central Bank left its reference rate unchanged at 0.75%. Burberry Group replaced chief operating and finance officers. Alcatel reported another loss and chief executive stepped down. Compass Group reported higher than expected increase in sales.
- Hiruki Nakamura
- 07 Feb, 2013
- New York City
The Nikkei index retreated from a 4-year high and the yen pared back some of the recent weaknesses as investors fear overextended rally may be vulnerable to more yen swings. Sony reported eight quarterly loss and Mazda soared on heavy volume on higher net estimate.
- Marcus Jacob
- 07 Feb, 2013
- New York City
Australian stocks extended gains for the second day on the positive earnings from National Australian Bank, Tabcorp and Telstra. Australian employment increased 10,400 in January and jobless rate held steady at 5.4%.
- Mukesh Buch
- 07 Feb, 2013
- New York City
Ambuja Cements fourth quarter net surged 77% and Apollo Hospitals net jumped 24.7%. AstraZeneca net swung to loss and Cipla net climbed 25.5%. Godrej Ind net soared 112% and HDFC slashed its prime lending rate. Tech Mahindra net surged 36%.
- Bikram Pandey
- 06 Feb, 2013
- New York City
U.S. markets traded sideways and $23.5 billion Liberty Global deal with Virgin Media dominated news cycle. Earnings were also in focus after several companies exceed market expectations. The Nikkei index in Tokyo soared more than 3%.
- Nichole Harper
- 06 Feb, 2013
- New York City
U.S. stocks traded sideways after investors digested better than expected earnings from Ralph Lauren, Time Warner and Walt Disney. The euro edged lower ahead of the ECB meeting tomorrow and Spanish bond auction. Oil and copper traded mixed.
- Mukesh Buch
- 06 Feb, 2013
- New York City
ArcelorMittal fourth quarter net loss widened and BP net plunged 78%. Cummins net tumbled 30% on weaker sales and CVS Caremark net climbed 7% to $1.13 billion. Glaxo net declined 34% and Time Warner net surged 51%. Disney net declined 6%.
- Nigel Thomas
- 06 Feb, 2013
- New York City
Royal Bank of Scotland Group Plc agreed to pay the second largest fine linked to the Libor probe to the regulators in the U.S. and U.K. The bank narrowly avoided the criminal charges and its Japanese unit was also snared in the investigation.
- Barry Randall
- 06 Feb, 2013
- New York City
European markets traded cautious ahead of the European Central Bank meeting and closely watched Spanish bond auction tomorrow that may raise as much as
- Barry Randall
- 06 Feb, 2013
- New York City
Banks across the region were under pressure ahead of the European Central Bank meeting tomorrow. Vinci SA declined 4% after it reported weaker than expected 2012 results and guided flat sales in the current year. Volvo AB gained on improving outlook in the U.S. and Europe.