- Marcus Jacob
- 31 Jul, 2012
- New York City
Australian stocks extended gains for the fourth day in a row and the benchmark ASX 200 index added 4.3% in the month. The dollar edged higher. Breville Group gained after it estimated full-year earnings growth of 40%.
- Arthi Gupta
- 31 Jul, 2012
- New York City
U.S. indexes rose after better-than-estimated corporate earnings. Home price index declined 0.7% in May and U.S. personal income rose more than estimated in June. Valero, U.S. Steel, Cummins and Pfizer gained on better than expected earnings.
- Arthi Gupta
- 31 Jul, 2012
- New York City
Bayer, Deutsche, and UBS second quarter profit slumped. BP and Metro swung to quarterly loss. EDF first-half earnings rose.
- Arthi Gupta
- 31 Jul, 2012
- New York City
The European indexes edged lower after unemployment in the region stayed near record high for the second month in a row and UBS, Deutsche Bank and Bayer reported large decline in earnings. Retail sales in Spain fell.
- Bikram Pandey
- 30 Jul, 2012
- New York City
Global investors remained focused on the euro, Spain and Greece. European Central Bank and rescue fund are expected to announce decisive measures to purchase bonds of Italy and Spain as more leaders in the region lift hopes. Euro, oil and gold eased.
- Mukesh Buch
- 30 Jul, 2012
- New York City
Chicago Bridge & Iron agreed to buy Shaw Group for $3.04 billion. CNA Financial second quarter net soared 34% and Franklin Resources third quarter net dropped 10% to $455.3 million. Loews second quarter net plunged 78%.
- Marcus Jacob
- 30 Jul, 2012
- New York City
Stocks in Japan traded higher as political momentum builds in the euro zone for another round of bond purchase. Nippon Steel fell after it estimated loss in the first half. Fujitsu traded near three decade low after it reported a net loss but Konica Minolta gained on earnings.
- Marcus Jacob
- 30 Jul, 2012
- New York City
Australian markets closed higher for the third day in a row and resources linked stocks led the advance. Iron ore prices traded near 30-month low ahead of the Chinese manufacturing data later in the week.
- Arthi Gupta
- 30 Jul, 2012
- New York City
U.S. indexes struggled and CB&I agreed to acquire Shaw Group for $3 billion in a cash and stock transaction. Roper agreed to acquire Sunquest for $1.415 billion. European leaders reaffirmed their commitment to the euro and indicated decisive and coordinated action as early as this week.
- Arthi Gupta
- 30 Jul, 2012
- New York City
Air France-KLM second quarter loss widened and Reckitt Benckiser revenue dipped. Air Liquide first-half sales and profit rose. Ryanair first quarter slumped 29% on higher fuel costs.
- Arthi Gupta
- 30 Jul, 2012
- New York City
The European indexes rallied on optimism that the ECB will take steps to resolve the debt crisis. Italy raised
- Bikram Pandey
- 27 Jul, 2012
- New York City
U.S. indexes extended rally that began in Europe yesterday and swept around the world on the hopes of a fresh round of bond purchase by the European Central Bank. The strong market gains were seen in broad indexes and commodities closed higher. However earnings related stocks dominated trading.
- Nigel Thomas
- 27 Jul, 2012
- New York City
Nikkei index in Tokyo advanced 1.5% and for the week decreased 1.2%. Automakers, steelmakers and shippers led the market advance after comments from the ECB president and short covering fuelled the rally.
- Mukesh Buch
- 27 Jul, 2012
- New York City
Aon second quarter net slipped 5% and Amazon.com second quarter net tumbled 96% to $7 million. Chevron second quarter net slid 1.6% to $7.21 billion. Merck net declined 11.4% to $1.79 billion and Newmont Mining plunged 27.9% to $279 million.
- Marcus Jacob
- 27 Jul, 2012
- New York City
Australian markets close higher as commodities advanced and the dollar gained a fraction. The spot price of iron ore declined for the second week in a row and dropped to a new low of $118 a ton and is likely to test the price level of $110.