- Nigel Thomas
- 03 Jul, 2012
- New York City
Stocks in Tokyo extended gains for the second day and the Nikkei index closed above 9,000 for the second time in a row and at an 8-week high. All Nippon Airways Co Ltd plunged 14% and said it plans to raise $2.5 billion. Kawasaki Kisen Kaisha dropped 15% and said it plans to sell 200 million shares.
- Marcus Jacob
- 03 Jul, 2012
- New York City
Australian markets closed lower after a choppy day of trading. Energy companies traded lower after a renewed weakness in crude oil and natural gas prices but metals and mining companies gained.
- Bikram Pandey
- 02 Jul, 2012
- New York City
U.S. stocks drifted lower as the latest economic data reinforced weakening global scenario. Manufacturing weakened in the U.S., Europe and China and jobless rate surged to a record high in the euro zone. More than $12 billion of deals were announced on Monday.
- Mukesh Buch
- 02 Jul, 2012
- New York City
Bristol-Myers agreed to acquire Amylin for $5.3 billion. Dell to buy Quest Software deal $2.4 billion in cash. Ingram agreed to acquire BrightPoint valued $840 million. Medical equipment maker Lincare signed a deal with Linde Group in a cash of $4.6 billion.
- Arthi Gupta
- 02 Jul, 2012
- New York City
U.S. indexes traded sideways after weak global economic data. Bristol-Myers agreed to acquire Amylin for $5.3 billion, Micron Technology agreed to buy Japanese chipmaker Elpida for $2.5 billion and Ingram Micro agreed to purchase Brightpoint for $840 million.
- Nigel Thomas
- 02 Jul, 2012
- New York City
The strength in the yen in the last one hour of trading evaporated most of the gains of 1% in the benchmark Nikkei. Exporters and electronics makers turned lower. Nippon Yusen guided higher revenues on forwarding and warehousing business.
- Marcus Jacob
- 02 Jul, 2012
- New York City
Australian stocks and dollar extended gains for the second day in a row. Resource stocks were in focus as speculation grew that BHP may write-down recently acquired natural gas assets in the U.S. David Jones Dropped after the takeover offer lacked credibility.
- Arthi Gupta
- 02 Jul, 2012
- New York City
The European indexes gained for the second day and jobless rate rose in May and UK home prices stagnated in June. Linde agreed to acquire U.S.-based Lincare for $4.6 billion and Essar Energy agreed to sell stake in Vietnam gas block to ENI.
- Bikram Pandey
- 29 Jun, 2012
- New York City
Stocks on Wall Street surged after European leaders offered emergency steps to support direct bank lending and passed stimulus measures. Commodities led the surge and crude oil soared 9% and gold gained 3%. For the week, the S&P 500 index gained 1.6%.
- Arthi Gupta
- 29 Jun, 2012
- New York City
U.S. indexes extended global rally after European leaders agreed to emergency steps and extend direct lending to Spanish banks and pass stimulus measures. Research in Motion planned to slash 5,000 jobs after it reported sales decline, losses and worsening cash position.
- Mukesh Buch
- 29 Jun, 2012
- New York City
Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.
- Marcus Jacob
- 29 Jun, 2012
- New York City
Australian benchmark index gained 1.2% as rally across Asia lift markets after European leaders agreed to offer direct lending to banks and approved stimulus program. David Jones soared 15% after a hostile takeover offer of $1.5 billion.
- Nigel Thomas
- 29 Jun, 2012
- New York City
Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011.
- Arthi Gupta
- 29 Jun, 2012
- New York City
European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved
- Bikram Pandey
- 28 Jun, 2012
- New York City
Stocks on Wall Street closed lower on the weakness. U.S. Supreme Court