- Arthi Gupta
- 12 Sep, 2012
- New York City
The European indexes gained after a German court ratified the European Stability Mechanism. Italy raised
- Bikram Pandey
- 11 Sep, 2012
- New York City
U.S. and European markets rallied and the euro neared four-month high on the growing expectation of another round of stimulus. U.S. trade deficit was stable after exports decreased and lower oil price cut the import bill. Morgan Stanley and Citigroup agreed on $13.5 billion value for Smith Barney.
- Nigel Thomas
- 11 Sep, 2012
- New York City
Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Electronic chip-equipment makers declined after Intel lowered its annual view.
- Marcus Jacob
- 11 Sep, 2012
- New York City
Australian stocks declined after a 3-day rally ahead of fate of the German court ruling. Mining companies closed mixed and iron ore prices rose to $95 a ton. CSL Limited won a U.S. government contract for influenza pandemic preparedness.
- Arthi Gupta
- 11 Sep, 2012
- New York City
U.S. indexes extend gains ahead of the Fed meeting. U.S. trade deficit rose slightly in July. The U.S. Treasury priced AIG stock at $32.50 per share. The OECD unemployment rate increased slightly in July.
- Arthi Gupta
- 11 Sep, 2012
- New York City
Ashmore full year pre-tax profit fell to
- Arthi Gupta
- 11 Sep, 2012
- New York City
The European indexes declined on euro area woes. German wholesale price index rose in August. The UK home prices declined in August and deficit narrowed in July. Philips plans to slash 2,200 positions and lower costs by as much as
- Arthi Gupta
- 10 Sep, 2012
- New York City
The UK indexes slid after business confidence plummeted to a 20-year low in August. Shell agreed to sell its 50% working interest in the Holstein Field to Plains Exploration for $560 million. Marks & Spencer Group gained 3% on deal speculation.
- Nigel Thomas
- 10 Sep, 2012
- New York City
Stocks in Tokyo trading were on the defensive after China reported weak economic data and U.S. employment rebound was less than expected. Japan lowered its June quarter economic growth to 0.2%. Electronic chip-equipment makers declined after Intel lowered its annual view.
- Arthi Gupta
- 10 Sep, 2012
- New York City
U.S. indexes traded lower after weaker-than-estimated Chinese economic data. BP agreed to sell its non-strategic Gulf of Mexico assets to Plains Exploration for $5.55 billion. Garda agreed to be acquired by consortium for C$1.1 billion.
- Bikram Pandey
- 10 Sep, 2012
- New York City
Investors were on the sideline after the market surge last week and ahead of the Fed meeting mid-week. Markets have built up expectations of another round of stimulus. Greece regained focus after coalition members failed to agree on spending cuts demanded by lenders.
- Mukesh Buch
- 10 Sep, 2012
- New York City
U.S. Treasury plans to cut its stake in AIG and raise $18 billion in a public offering. Infosys agreed to acquire a Zurich based Lodestone $349 million in cash. Optical Cable surged on net jumped. Plains Exploration agreed to buy US Gulf assets from BP for $5.55 billion.
- Marcus Jacob
- 10 Sep, 2012
- New York City
Australian stocks were directionless in trading after China reported monthly imports declined. Xstrata and BHP Billiton announce job cuts totaling 900 positions. Qantas made a case for its international alliance with Dubai based Emirates.
- Arthi Gupta
- 10 Sep, 2012
- New York City
Investor confidence in the euro area strengthened in September. Greek production fell in July and Italian economy contracted 0.8% in the second quarter.