- Bikram Pandey
- 16 Dec, 2011
- New York City
U.S. stocks traded sideways as investors weighed positive economic news with the debt rating downgrades of banks. A ratings agency placed France and six other euro zone nations on a negative outlook. The U.S. House passed a $1 trillion spending bill to avert a U.S. government shutdown.
- Devan Biswas
- 16 Dec, 2011
- New York City
Zynga, the online game developer was flat after it priced its public offering and raised $1 billion and 75% of the offered shares changed hands. Research in Motion declined after it announced product delays. Accenture fell after it cut its annual earnings outlook. Adobe gained on positive outlook.
- Nichole Harper
- 16 Dec, 2011
- New York City
U.S. stocks advanced after latest read on the inflation was lower than expected. Bank stocks were in focus after another rating downgrade cut the debt rating of banks Goldman Sachs, Bank of America and Credit Suisse. Zynga, the social game developer raised $1 billion in a public offering.
- Devan Biswas
- 16 Dec, 2011
- New York City
European markets closed mixed and bonds yields of Italy and Spain were on the decline. Italy
- Marcus Jacob
- 16 Dec, 2011
- New York City
Stocks in Japan closed higher tracking rising markets in New York and in Europe. Commodities linked companies gained and banks closed mixed. Nexon, the online gaming company declined for the third day in a row after it completed the largest public offering in Japan and raised $1.2 billion.
- Marcus Jacob
- 16 Dec, 2011
- New York City
Australian stocks rebounded after extending losses for three days in a row. ANZ said at the annual general meeting that it has enough capital to withstand the euro zone. Insurance Australia Group agreed to buy New Zealand based general insurance from AMI for NZ$380 million.
- Bikram Pandey
- 15 Dec, 2011
- New York City
Global markets edged higher after U.S. economic news lifted sentiment. Michael Kors Holdings Ltd public offering surged 21% on the first day of trading and raised $944 million. IMF managing director said crisis in the euro zone will need help from nations outside the region.
- Arthi Gupta
- 15 Dec, 2011
- New York City
The UK indexes advanced after retail sales volume declined and Ireland''s manufacturing price inflation eased in November. UK inflation expectations for the year ahead eased in November.
- Arthi Gupta
- 15 Dec, 2011
- New York City
The U.S. indexes gained after weekly jobless claims fell to 366,000, producer price index rose 0.3% and foreclosure filings declined 14% in November. Lam Research agreed to acquire Novellus for $3.3 billion and Fujifilm agreed to buy SonoSite for $995 million.
- Nigel Thomas
- 15 Dec, 2011
- New York City
Stocks in Tokyo extended losses after the latest quarterly survey of big businesses showed a fall in confidence. Large businesses also plan to cut capital expenditure in the quarter ahead. Ocean freight companies dropped to the lows of the year after rates fell on the Asia-Europe route.
- Arthi Gupta
- 15 Dec, 2011
- New York City
Employment in the euro area fell in the third quarter. German private sector improved but French private sector output stagnated in December. Swedish unemployment rate dropped in November to 6.7% and Dutch jobless rate held at 5.8%.
- Marcus Jacob
- 15 Dec, 2011
- New York City
Australian stocks extended losses for the third day in a row as commodities plunged in Asian markets. Silver tumbled 8%, copper fell more than 6% and gold declined 5%. Australian banks reiterate their lack of willingness to pass on future rate hikes as profits soar to record high.
- Arthi Gupta
- 15 Dec, 2011
- New York City
European indexes gained after Spain raised
- Bikram Pandey
- 14 Dec, 2011
- New York City
Market indexes in New York traded lower for the third day in a row as bond market yields rose in Europe and the euro declined. The S&P 500 index dropped nearly 4% in the week as the euro retreated more than 3%. Oil plunged 5%, silver tumbled 8% and gold dropped $93 an ounce.
- Nigel Thomas
- 14 Dec, 2011
- New York City
Nikkei index Japan eased as markets in Asia fell and commodities eased. Revised financial statements from Olympus showed that the company was solvent in each of the last five year period, avoiding worst fears of investors. Nexon, the online gaming company raised $1.2 billion in a public offering.