- Arthi Gupta
- 19 Jun, 2012
- New York City
Construction output in the euro area fell in April. German economic confidence worsened and French business sentiment slid in June. Swedish jobless rate rose in May.
- Marcus Jacob
- 19 Jun, 2012
- New York City
Australian stocks edged lower as world investors shift focus to Spain and the gathering of G 20 leaders. IMF is expected to receive more capital from member nations and increase lending to the euro zone. Centro shareholders will see only 60% of $200 million in legal settlement.
- Mukesh Buch
- 18 Jun, 2012
- New York City
Elster Group SE confirms possible acquisition by Melrose PLC. DSW reiterate 2012 outlook. Fairfax to acquire UK based Brit Insurance for $300 million. Yamuna Gold agreed to acquire Extorre Gold Mines valued $395 million.
- Arthi Gupta
- 18 Jun, 2012
- New York City
The UK indexes advanced after home prices climbed in June. Irish surplus rose in April. Motorola Solutions agreed to acquire Psion for
- Arthi Gupta
- 18 Jun, 2012
- New York City
U.S. indexes traded lower as Spanish yields rose to a record high. A pro-bailout party won majority of seats but not enough to form a government in Greece. The closely watched election failed to give majority to any party and the new government is expected to demand for bailout reliefs.
- Arthi Gupta
- 18 Jun, 2012
- New York City
The European indexes rose after pro-bailout party won elections in Greece. Rising Spanish and Italian yields have dampened investor sentiment. A leading indicator of the French economy fell in April. U.S.-based Molson Coors completed its acquisition of StarBev for
- Arthi Gupta
- 15 Jun, 2012
- New York City
The UK indexes rose and deficit widened and construction output fell in April. Hong Kong Exchange parent agreed to acquire London Metal Exchange for
- Nigel Thomas
- 15 Jun, 2012
- New York City
Stocks in Japan were flat and the Nikkei index in the week closed up 1.2% and extended gains for the second week in a row. Bank of Japan held its target interest rate and asset purchase program and investors look for a coordinated action from the central banks around the world.
- Arthi Gupta
- 15 Jun, 2012
- New York City
U.S. indexes futures traded higher after central banks took preemptive steps to thwart liquidity crunch. The Bank of Japan left its key rate unchanged, the Swiss National Bank said it will act to arrest sudden surges in the franc and the Bank of England offered additional liquidity.
- Marcus Jacob
- 15 Jun, 2012
- New York City
Nervous traders stayed on sidelines as Greek election approach and G20 leaders gather next week to discuss global economy. The Australian dollar drifted back to parity for the first time in six weeks. Echo Entertainment plans to raise $454 million.
- Arthi Gupta
- 15 Jun, 2012
- New York City
The euro area trade surplus fell and Hungarian production decreased at a faster pace in April. Employment in the euro area declined in the first quarter. European new car registrations extended decline for the second month.
- Arthi Gupta
- 15 Jun, 2012
- New York City
The European indexes gained on hopes of a coordinated joint action from central banks. Ratings agency downgraded five Dutch banking groups. Carrefour agreed to sell its ownership in the Carrefour Marinopoulos joint venture.
- Bikram Pandey
- 14 Jun, 2012
- New York City
Stocks rallied and U.S. indexes advanced more than 0.7% as speculation about central bank actions mounted after the release of latest inflation data. Crude oil and gold gained. European indexes fell as trading volume dried up ahead of Greek election. Foreign investors in Japan switched to bonds.
- Mukesh Buch
- 14 Jun, 2012
- New York City
Korn/Ferry fourth quarter slumped 41% and Pier 1 Imports first quarter net grew and lifted its fiscal outlook. Kroger first quarter net gained 1.6% to $439.4 million. Quest Software received proposal to acquire for $25.50 per share of common stock in cash.
- Devan Biswas
- 14 Jun, 2012
- New York City
European markets traded lower as a growing vortex of worries and uncertainties dragged market sentiment lower. Yields on Spanish 10-year bonds crossed the unsustainable 7% and Italian bond yields rose at the latest auction. Spanish home prices fell at the fastest pace in three years.