- Arthi Gupta
- 18 Feb, 2011
- New York City
The European indexes fell and Spain bowed to the pressures from savings banks. A rating agency lowered German banks subordinated debt and Euro-zone consumer confidence improved. German factory price inflation rose to a 2-year high. Spain offered more time to ailing savings banks to raise capital.
- Arthi Gupta
- 18 Feb, 2011
- New York City
U.S. indexes traded lower after China unexpectedly hiked the reserve requirement ratio. G20 nations finance ministers meet in Paris with Portugal and global economic imbalances in focus. Nordstrom agreed to buy HauteLook for as much as $180 million. Ford in a venture with Russia-based Sollers.
- Devan Biswas
- 18 Feb, 2011
- New York City
The benchmark Sensex index declined 1.6% after rising more than 4.5% in five days. The rally came to an abrupt halt as telecom license probe widen. Hindustan Lever led gainers in the index and telecom stocks Bharti Airtel and Reliance Communications declined.
- Mukesh Buch
- 18 Feb, 2011
- New York City
Bank of Maharashtra soared 5% after Government of India decided to inject $70 million. FAG Bearings gained 3% after net profit increased 105%. Thomas Cook tumbled 8% after net declined 40%.
- Marcus Jacob
- 18 Feb, 2011
- New York City
Stocks in China fell after real estate prices increased in January from December. The persistent increase in prices stock speculation that another round of bank reserve ratios may start as early as next week. Agriculture stocks fell on the worries that drought may extend till the February.
- Nigel Thomas
- 18 Feb, 2011
- New York City
Stocks in Japan took a breather after rising for a week. In the year the benchmark index is up 6% as foreign investors seek bargains. Shipping and energy companies gained for the second week in a row as unrest in the Middle East spread to oil producing nations.
- Marcus Jacob
- 18 Feb, 2011
- New York City
Stocks in Australia edged lower today but gained 1% in the week on mixed corporate earnings. Fortescue Metals first-half net jumped seven-fold and Sims Metals Management net rose 23.6%. ANZ Banking Group underlying profit increased 27%. Surfwear retailer Billabong soared 13%.
- Bikram Pandey
- 17 Feb, 2011
- New York City
U.S. stocks traded higher as earnings optimism drove sentiment. Cliffs Natural Resources, Lexmark, Express Scripts, Nvidia and CBS Corp reported higher earnings. U.S. mortgage loans in foreclosure increased to 4.63% and nearly one in seven loans are either in default or late in payment.
- Mukesh Buch
- 17 Feb, 2011
- New York City
ABB fourth quarter net income surged 30% to $700 million. Cablevision fourth quarter net income soared to $113.8 million. Comcast net income in the quarter decreased to $955 million. Morningstar fourth quarter net income rose to $27.4 million.
- Arthi Gupta
- 17 Feb, 2011
- New York City
UK indexes slid after weak economic data from the U.S. The UK government and the BoE formed committee to tighten banking regulation. The BoE policy maker Sentance warned of inflationary pressures. The UK manufacturers estimated output to grow. Rolls-Royce secured contracts valued at $246 million.
- Arthi Gupta
- 17 Feb, 2011
- New York City
The European indexes traded sideways after euro-zone current account deficit widened and construction output fell in December. German employment exceeded 41 million. Nestl
- Arthi Gupta
- 17 Feb, 2011
- New York City
U.S. indexes decline after weekly jobless claims rose 25,000 and January inflation increased 0.4%. Aveo formed joint venture with Astellas worth $1.3 billion. Williams Companies to split into two. Chesapeake completed $570 million project cooperation deal with CNOOC.
- Bikram Pandey
- 23 Feb, 2011
- New York City
U.S. stocks traded lower as Libya took center stage and oil rallied to $100 a barrel before settling at $98.10. The nascent U.S. economic recovery could take a hit if crude oil remains above $90 a barrel for the next 45 days. Technology stocks declined after Hewlett Packard dropped 9.5%.
- Devan Biswas
- 17 Feb, 2011
- New York City
Stocks in Mumbai closed higher tacking gains in Asian markets and rising earnings outlook. More than 2,000 companies have released third quarter earnings with average increase of 19%. Reliance Industries plans to invest $30 billion in the next five years in business units from energy to retail.
- Devan Biswas
- 17 Feb, 2011
- New York City
Stocks in Shanghai closed higher on earnings expectations and hopes of global economic recovery. Property developers declined after Beijing municipal government. Steelmakers gained after companies passed on higher steel prices.