- Arthi Gupta
- 11 Oct, 2012
- New York City
The European indexes gained more than 1% and Spanish debt was downgraded to near junk level. Italian three-year bond yields rise in auction. German consumer prices climbed in September and Greek jobless rate rose to a new record in July.
- Arthi Gupta
- 11 Oct, 2012
- New York City
ING agreed to sell its insurance operations in Malaysia to AIA for
- Bikram Pandey
- 10 Oct, 2012
- New York City
Stocks on Wall Street were on the defensive for the fourth day in a row as world economic outlook weakened and the euro zone struggles with the rising debt tensions and the U.S. drifts towards a fiscal cliff. Alcoa, Chevron and Cummings were in focus.
- Arthi Gupta
- 10 Oct, 2012
- New York City
The UK indexes traded lower but gross domestic product grew 0.8% in the three months to September. Danaher and Cooper agreed to sell Apex Tool to Bain Capital for $1.6 billion.
- Maureen Salinas
- 10 Oct, 2012
- New York City
U.S. indexes fell and wholesale inventories rose in August. Toshiba agreed to acquire Shaw Group''''s stake in Westinghouse for $1.60 billion and Cytec agreed to divest its coating resins business to Advent. Bain Capital agreed to buy Apex Tool for $1.6 billion.
- Arthi Gupta
- 10 Oct, 2012
- New York City
The European indexes edged lower on the escalating fiscal worries in the region. Italy raised
- Arthi Gupta
- 10 Oct, 2012
- New York City
BAE Systems and EADS decided to terminate their merger discussions on political obstacles and the prospect of losing defense business in the U.S. Lufthansa passenger traffic rose in September.
- Arthi Gupta
- 10 Oct, 2012
- New York City
German wholesale price inflation soared in September. French output rose, Italian production declined but production in Greece rebounded in August.
- Barry Randall
- 09 Oct, 2012
- New York City
Financial markets across the Atlantic turned cautious after the IMF lowered its global outlook and raised the prospect of a global recession. South African Rand drops to a 3-year low and Iran struggles to stabilize its devastated currency.
- Arthi Gupta
- 09 Oct, 2012
- New York City
The UK indexes fell after manufacturing output declined and trade deficit widened in August. SSE completed the acquisition of Endesa Ireland for
- Arthi Gupta
- 09 Oct, 2012
- New York City
U.S. indexes declined after the IMF lowered global growth outlook. Principal Financial agreed to acquire Chile-based pension company Cuprum for $1.5 billion. Spectrum Brands agreed to acquire Stanley Black & Decker unit for $1.4 billion.
- Arthi Gupta
- 09 Oct, 2012
- New York City
The European indexes traded sideways and the IMF raised the prospect of recession in the euro zone to 80%. German Chancellor Angela Merkel faces widespread protests in Athens. The ECB President Draghi estimated weak economic activity in the euro zone.
- Arthi Gupta
- 09 Oct, 2012
- New York City
Givaudan third quarter sales climbed 14.4% to Sfr1.1 billion. Julius Baer plans to slash additional 1,000 jobs as it merges international arm of wealth management of Merrill Lynch. Rio Tinto turned cautious on the outlook over the next few quarters.
- Arthi Gupta
- 09 Oct, 2012
- New York City
German manufacturing turnover remained unchanged and French deficit widened in August. Greek inflation eased in September.
- Barry Randall
- 08 Oct, 2012
- New York City
Financial markets in New York closed flat with a negative bias as the attention shifted to Spain and the euro zone. World Bank lowered growth estimates for developing nations in Asia. Stock market marked the five-year anniversary for the record highs in the Dow and the S&P 500.