- Nichole Harper
- 05 Apr, 2013
- New York City
U.S. indexes declined after employers added less than expected net new jobs in March. Unemployment rate declined to 7.6% and labor participation rate plunged to 34-year low of 63.3%. Trade deficit in February declined 3.4% on the rising exports and flat imports.
- Mukesh Buch
- 05 Apr, 2013
- New York City
Acura Pharma was awarded a patent by the U.S. Patent Office. Franklin Covey second quarter net surged 37% and GenCorp second quarter net swung to loss. NII agreed to sell its Peruvian operations for $400 million. WD-40 net in the second quarter slipped.
- Hiruki Nakamura
- 05 Apr, 2013
- New York City
Stocks in Tokyo extended gains for the third day in a row and the benchmark Nikkei soared 6.9%, the most in two years. Real estate and banks led the gainers. The yen, third worst performing currency in the world, extended losses to 18% in the year so far.
- Nigel Thomas
- 05 Apr, 2013
- New York City
European airlines Air France, IAG, EasyJet declined after fears rising bird flu outbreak in China. Hilco agreed to acquire HMV in
- Marcus Jacob
- 05 Apr, 2013
- New York City
Australian stocks traded lower in weak trading sentiment in Asia. Banks led the decliners and resource stocks closed mixed. Base metals traded higher but precious metals declined along with crude oil futures on the move in the U.S. dollar.
- Mukesh Buch
- 05 Apr, 2013
- New York City
GMR bid for airport development project in Philippines. Maruti surged on weaker yen. Power Grid board approved investment of $700 million. Shriram City hired banks for share sale of up to $182 million.
- Mukesh Buch
- 04 Apr, 2013
- New York City
International Speedway second quarter net declined 21%. Ocwen Financial completed the purchase of Liberty Home Equity Solutions. Provident New York plans to acquire Sterling Bancorp for $344 million in stock. RPM Intl second quarter net swung to loss.
- Nigel Thomas
- 04 Apr, 2013
- New York City
European Central Bank held its reference rate at 0.75% and Bank of England kept its benchmark rate at 0.5% and did not expand its bond buying program.
- Nichole Harper
- 04 Apr, 2013
- New York City
U.S. stocks rebounded after Bank of Japan embarked on aggressive and bold monetary easing with a goal to double monetary base and inflation of 2% in the next two years. U.S. weekly jobless claims increased more than expected.
- Nigel Thomas
- 04 Apr, 2013
- New York City
Booker total sales increased 3.5% to
- Hiruki Nakamura
- 04 Apr, 2013
- New York City
Bank of Japan embarked on bold experiment to end economic stagnation of two decades and doubled its asset purchase program and increase monetary base in two years. Economists fear that the latest experiment will create real estate and securities price bubble in Japan but financial markets surged.
- Marcus Jacob
- 04 Apr, 2013
- New York City
Australian dollar and stocks edged lower and retail sales in February increased 1.3% and new car sales jumped 7.4% in March. New home construction approvals in February rose 3.1%.
- Mukesh Buch
- 04 Apr, 2013
- New York City
Government plans to sell its 4.1% stake in Coal India to raise $3.67 billion. Crompton Greaves wins a contract worth $50 million in Netherlands. Hexaware signed a contract with the US based client worth $30 million. Diageo Plc agreed to buy a majority stake United Spirits for $2 billion.
- Nichole Harper
- 03 Apr, 2013
- New York City
U.S. market indexes pulled back after the latest data on private sector net job addition was weaker than expected. In addition, the latest survey on the dominant service sector in the economy also indicated a slowdown.
- Hiruki Nakamura
- 03 Apr, 2013
- New York City
Stocks in Tokyo surged the most in nearly two months as Bank of Japan began a two-day meeting. Expectations of accelerated and larger bond buying program from the central bank lifted the Nikkei 3%. Fast Retailing surged 14% on same store sales jump of 23%.