- Arthi Gupta
- 04 Sep, 2012
- New York City
The UK indexes slid after retail sales fell and construction contracted in August at the second fastest pace since snow storm in March 2010. Bottomline agreed to acquire Albany Software.
- Arthi Gupta
- 04 Sep, 2012
- New York City
U.S. indexes accelerated the decline after disappointing manufacturing and construction spending data. European Central Bank hinted at short term bond buying. Valeant agreed to acquire Medicis for $2.6 billion and Onex is in a deal with SGS International for $813 million.
- Arthi Gupta
- 03 Sep, 2012
- New York City
The UK indexes gained on a rally in resource sector on the hopes of another round of measures from central banks in Europe and in Asia. The UK manufacturing sector downturn eased sharply and Irish manufacturing improved at a slower pace in August.
- Arthi Gupta
- 04 Sep, 2012
- New York City
Spanish unemployment rose in August by 0.8% to 4.6 million as the nation struggles with a cut in government jobs. The Swiss economy contracted in the second quarter. Industrial producer prices gained in the euro area and Romanian retail sales rose in July.
- Arthi Gupta
- 04 Sep, 2012
- New York City
The European indexes edged lower after Moody''s lowered the European Union
- Nigel Thomas
- 04 Sep, 2012
- New York City
The Nikkei index in Tokyo traded lower for the fourth day in a row and tested a 4-week low. Japan Tobacco declined 4% after Russian ministry proposed a ban on smoking in public places. Toyota eased after sales in China declined 15%.
- Marcus Jacob
- 04 Sep, 2012
- New York City
Australian markets were under pressure and closed down 0.5%. Reserve Bank of Australia left its key lending rate unchanged at 3.5% for the third month in a row. Fortescue Metals joined other mining companies and deferred its capital spending plan as the iron ore prices fall to a 3-year low.
- Nigel Thomas
- 03 Sep, 2012
- New York City
Stocks in Tokyo fell for the third day in a row and closed at a 4-week low. The disappointing Chinese manufacturing read also added to market jitters and the non-mini auto sales in August growth declined. Capital spending increased 6.6% in the quarter to June.
- Arthi Gupta
- 03 Sep, 2012
- New York City
Fresenius decided to not make an offer to acquire Rhon-Klinikum AG. Holcim Ltd targeted higher return on invested capital and improve operating profit. Three former executives at UBS AG were convicted in municipal financing fraud contract.
- Marcus Jacob
- 03 Sep, 2012
- New York City
Resource stocks were on the decline in Sydney after latest data on capital spending showed a first decline in several years. Australian retail sales declined 0.8% in July and Chinese manufacturing growth declined to a nine-month low.
- Arthi Gupta
- 03 Sep, 2012
- New York City
The European indexes inched higher ahead of the ECB meeting on Thursday. The euro zone manufacturing sector contracted for the thirteenth month in a row in August. Fresenius decides not to submit a new takeover offer for Rh
- Arthi Gupta
- 03 Sep, 2012
- New York City
Downturn in euro zone manufacturing continued in August on weaker inflows of new orders from domestic markets and a broader softening of global economic growth. Production continued to drop sharply in Germany, France, Italy, Sweden and Spain.
- Bikram Pandey
- 31 Aug, 2012
- New York City
U.S. indexes traded higher after Fed Chairman Bernanke laid out a case for additional stimulus but did not offer specific steps. He also highlighted that elevated unemployment is likely to persist. Broader market averages in New York gained for the third month in a row.
- Devan Biswas
- 31 Aug, 2012
- New York City
Fed Chairman offered a forceful case for additional measures to support economic growth and improve labor markets but fell short of specifics and a clear timetable. Markets are anticipating news measures to kick in at the next meeting on September 12.
- Nigel Thomas
- 31 Aug, 2012
- New York City
Market indexes in Tokyo traded lower and the benchmark index fell to a one-month low after industrial production declined in July. The consumer price index barely increased stoking fears of deflation. Machinery makers fell for the second week on the worries of falling orders from mining companies.