- Arthi Gupta
- 19 Aug, 2011
- New York City
The UK indexes traded lower on escalating economic worries in the U.S. and the rising tensions in the euro area. The UK budget deficit was less than estimated in July. Autonomy surged 75% on a takeover proposal of
- Nigel Thomas
- 19 Aug, 2011
- New York City
The Nikkei index in Tokyo dropped 2.5% after markets in Asia declined sharply on the renewed economic worries in the U.S. and Europe. The yen traded near its record high as speculators seek safety. The chipmakers extended losses for the second day.
- Arthi Gupta
- 19 Aug, 2011
- New York City
U.S. indexes decline for the third day in a row as global economic worries intensify. AIG reduced U.S. Treasury stake in its subsidiary by repaying $2 billion. Bank of America plans to cut 3,500 jobs this quarter. Norilsk Nickel offered to buy back 15% of its stake held by Rusal for $8.75 billion.
- Marcus Jacob
- 19 Aug, 2011
- New York City
The Australian benchmark index extended losses for the second day and declined 1.7% in the week. The index is down 13.6% in the year as commodities prices weaken as the U.S. and European economies struggle. Billabong profit declined and ANZ earnings net expectations.
- Arthi Gupta
- 19 Aug, 2011
- New York City
German producer price inflation rose in July. The monthly earnings index for Hungary increased 4.7% from a year ago in June. French leading index increased in June. Swiss current account surplus improved in 2010.
- Arthi Gupta
- 19 Aug, 2011
- New York City
European indexes extended losses tracking the Asian and U.S. markets. The indexes in France, Germany and UK dropped between 3% and 5% dragged by a steep sell-off in the banking sector.
- Bikram Pandey
- 18 Aug, 2011
- New York City
The U.S. indexes dropped sharply on the growing economic uncertainties, rising inflation and the euro-zone leaders
- Mukesh Buch
- 18 Aug, 2011
- New York City
Aeroflex reported fourth quarter net loss of $21.6 million. Dollar Tree second quarter net income rose 6% to $95 million. Limited Brands quarter net income rose to $231.2 million. Sears reported second quarter net loss of $146 million. J.M. Smucker first quarter net income rose 8% to $111.5 million.
- Nigel Thomas
- 18 Aug, 2011
- New York City
Stocks in Japan declined more than 1% on the worries that economic slowdown in Europe and the U.S. will crimp earnings for exporters. The yen closed near record high and exports in July declined 3.3% from a year ago but trade surplus rose in the month.
- Arthi Gupta
- 18 Aug, 2011
- New York City
The UK indexes slumped on weak global outlook. The UK retail sales grew less than anticipated, auto production rose, and mortgage lending dipped in July. Irish factory prices fell in July.
- Arthi Gupta
- 18 Aug, 2011
- New York City
U.S. indexes traded lower after weekly jobless claims rose 9,000 to 408,000 and consumer prices rose more than estimated in July. Coca-Cola planned to invest $4 billion in China. Asahi Group agreed to acquire New Zealand-based Independent Liquor for N$1.525 billion.
- Marcus Jacob
- 18 Aug, 2011
- New York City
Stocks in Sydney declined tracking losses in Asian markets on the growing global uncertainties. Wesfarmers reported full year profit increased 23% from a year ago despite difficult weather conditions. The Australian dollar edged lower for the second day this week.
- Arthi Gupta
- 18 Aug, 2011
- New York City
Euro-zone construction output decreased and Spanish banks'' bad loan ratio fell in June. German employment climbed in the second quarter. Portuguese producer price inflation eased to 7-month low in July. Dutch consumer confidence dipped in August.
- Arthi Gupta
- 18 Aug, 2011
- New York City
European indexes slumped on sovereign debt concerns and the weak economic outlook. Ratings agency confirmed France''s AAA rating and stable outlook. Holcim plunged 7% after quarterly sales and net declined. SBM Offshore swung to loss in the first-half.
- Bikram Pandey
- 17 Aug, 2011
- New York City
The U.S. indexes closed lower and lost gains in early trading. Earnings were in focus. Dell and Abercrombie & Fitch were among the leading decliners after the companies guided a cautious outlook. Target Corp earnings rose on cost control and Eastman Kodak soared 20%.