- Nigel Thomas
- 28 Dec, 2012
- New York City
UK store visits on Boxing Day barely increased 0.6%. French economic growth in the third quarter was lowered to 0.1%. Unemployed persons in France increased in November. Italy completed
- Barry Randall
- 28 Dec, 2012
- New York City
European markets traded lower on the worries that the U.S. lawmakers are likely to miss a deadline to settle budget differences. Market indexes in Paris fell 1.4% and in Frankfurt declined 0.6%. Trading volume in the region fell sharply in the session.
- Nigel Thomas
- 28 Dec, 2012
- New York City
Atari, the struggling game maker declined after it estimated fiscal year loss. Bankia, troubled Spanish bank, plunged 22% after it was removed the Spanish benchmark IBEX 35. Belgium based KBC Groep NV agreed to sell its stake in a bank in Slovenia. Vinci SA acquired Portugal controlled ANA.
- Mukesh Buch
- 28 Dec, 2012
- New York City
Acorda completed the acquisition of Neuronex Inc. Parexel Intl. agreed to acquire Liquent, Inc. and lifted 2013 outlook. Porsche SE climbed after it won a hedge fund lawsuit. Berkshire Partners invests $2 billion and merge two telecom network providers.
- Nigel Thomas
- 28 Dec, 2012
- New York City
The Nikkei index surged 23% in 2012 and its first gain in three years and best annual gain since 2005. The yen declined 12% against the dollar on the hopes that the recently elected government will conduct aggressive stimulus policies and demand Bank of Japan to set 2% inflation target.
- Marcus Jacob
- 28 Dec, 2012
- New York City
Australian stocks extended gain for the third day in a row after resource stocks rallied for the second day. Iron ore prices traded at a 8-month high as demand from China rebounds. Australian dollar drops to a 2-month low.
- Bikram Pandey
- 27 Dec, 2012
- New York City
U.S. stocks trim losses after the House of Representatives decide to meet on Sunday. U.S. Treasury Department takes extraordinary steps to raise $200 billion. Dockworkers on the East Coast threaten a strike. The benchmark index in Germany is set to lead advanced markets with annual rise of 30%.
- Nichole Harper
- 27 Dec, 2012
- New York City
Stocks on Wall Street fell after Senate Majority Leader Harry Reid said budget deal before year-end is unlikely. Marvell Technology plunged after it lost a patent case with $1.17 billion penalty. Confidence index in December fell to the lowest level since August on Washington gridlock.
- Lyubov Smirnova
- 27 Dec, 2012
- New York City
Thomas Cook extends gains on better than expected 2012 revenues. Resource stocks gained in London trading after metals prices trade higher. Bankia plunged 19% after parent company was estimated with negative book value.
- Barry Randall
- 27 Dec, 2012
- New York City
European markets traded higher and DAX index in Germany is set to lead the regional advance with a surge of 30%. BMW is expected to exceed 2011 profit and Audi unit of Volkswagen plans to spend
- Nigel Thomas
- 27 Dec, 2012
- New York City
The Nikkei index extended gains as the yen dropped to a new 2-year low and the newly elected government prepares for aggressive stimulus. The Nikkei surpassed the high on the day before the 2011 earthquake and extended six week rally to 16% and the gains in the year to 22.2%.
- Marcus Jacob
- 27 Dec, 2012
- New York City
Australian stocks gained for the second day in a row as retailers and resource sector stocks led the advance. Fortescue Metals jumped 4% after the company announced a plan to resume Kings deposit expansion in January.
- Mukesh Buch
- 27 Dec, 2012
- New York City
Diodes agreed to buy BCD Semiconductor for $151 million in cash. Matson agreed to acquire assets of Reef Shipping. Opko Health agreed to acquire Sao Paulo based Silcon Com
- Nigel Thomas
- 26 Dec, 2012
- New York City
The yen dropped to a 20-month low and Shinzo Abe took the office of prime minister. Abe promised bold actions and demanded more actions from Bank of Japan. The yen dropped to a low last seen in 2011.
- Mukesh Buch
- 26 Dec, 2012
- New York City
Covidien agreed to acquire CV Ingenuity. Chevron buys 50% stake in Kitimat LNG project. Rosneft signed loan agreements for stake in Russian oil firm TNK-BP. WellPoint completed acquisition of Amerigroup.