- Nigel Thomas
- 09 May, 2012
- New York City
Stocks in Tokyo traded lower and the Nikkei index fell 1.5% to a new 3-monthl low. In the last ten week the index has dropped 12%. Toyota guided sharply higher operating profit after the close and NTT Data reported lower than expected annual operating income.
- Marcus Jacob
- 09 May, 2012
- New York City
Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes.
- Bikram Pandey
- 08 May, 2012
- New York City
World markets accelerated the decline after Greek political wrangling reignited fears in the euro zone and the euro edged lower for the seventh day in a row. Indexes in New York and in Europe fell and the Greek benchmark dropped to two decade low.
- Marcus Jacob
- 08 May, 2012
- New York City
Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.
- Nigel Thomas
- 08 May, 2012
- New York City
Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.
- Nigel Thomas
- 16 May, 2012
- New York City
Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.
- Marcus Jacob
- 16 May, 2012
- New York City
Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion.
- Arthi Gupta
- 16 May, 2012
- New York City
The European indexes edged lower. Fresh elections will be held in Greece in June. Euro area annual inflation eased and jobless claims in the UK fell unexpectedly in April. EADS lifted full year earnings outlook.
- Bikram Pandey
- 07 May, 2012
- New York City
U.S. indexes recovered in the afternoon after market sentiment rebounded and bank stocks closed higher. U.S. consumer borrowing increased at the fastest pace in March as car loans and student loans drove the increase in loans. AIG bought back $2 billion of the $5 billion offering from the Treasury.
- Mukesh Buch
- 07 May, 2012
- New York City
Cognizant Technology first quarter net rose 17% to $243.7 million but lowered current quarter outlook. Carl Icahn controlled fund agreed to acquire CVR Energy in cash for $2.6 billion. DISH Network first quarter net declined 34% to $360 mn. Sysco said third quarter net was nearly flat to $259.6 mn.
- Nigel Thomas
- 07 May, 2012
- New York City
Stocks in Tokyo plunged after election results in Greece and France prompted more worries in the euro zone. Resources linked companies fell after crude oil eased to a 4-month low and fell below $100 a barrel for the first time in the period.
- Arthi Gupta
- 07 May, 2012
- New York City
U.S. indexes declined after election results in France and Greece. The U.S. Treasury priced $5 billion of offering of AIG stake to reduce its stake in the insurer.
- Marcus Jacob
- 07 May, 2012
- New York City
Australian indexes declined more than 2% on the global slowdown worries after the election results in Europe. Australian retail sales were ahead of expectations in March but new jobs ads declined in April according to a private survey.
- Arthi Gupta
- 07 May, 2012
- New York City
German factory orders increased 2.2% but Spanish output plunged 10.4% in March. Swiss consumer prices declined for the seventh straight month but jobless rate rose in April. The UK jobless rate forecasted to rise over the next five years.
- Arthi Gupta
- 07 May, 2012
- New York City
The European indexes edged lower after France elected its first Socialist president in 17 years and Greece is heading for coalition government talks that may drag on for ninety more days. QSC plunged after quarterly net plummeted 65%.