- Arthi Gupta
- 11 Aug, 2011
- New York City
The UK government struggles to offer a unified response to 4-day riots in several cities as fear grips residents. The UK leading index remained flat in June and mortgage repossession declined in the first-half. Irish inflation remained steady in July.
- Arthi Gupta
- 11 Aug, 2011
- New York City
U.S. indexes rebounded after weekly jobless claims fell 7,000 to 395,000, foreclosure filings declined in July, and deficit widened in June. Cisco quarterly net slumped 36% on restructuring charges.
- Nigel Thomas
- 11 Aug, 2011
- New York City
Stocks in Tokyo declined on the euro-zone worries after French banks plunged more than 10%. The yen firmed and Japanese banks fell to their lowest level in the year with three leading banks trading down 20%. Gree, the social network operator soared on better than expected earnings.
- Arthi Gupta
- 11 Aug, 2011
- New York City
German wholesale inflation eased in July. Greek jobless rate surged 16.6% in May and import price annual inflation rose in June. Czech current account deficit narrowed in June.
- Arthi Gupta
- 11 Aug, 2011
- New York City
European indexes fell on the second day on the growing worries of the French credit rating. Societe Generale, BNP Paribas and Credit Agricole extended losses for the second day. German wholesale inflation fell in July. Daimler, Rolls Royce secure 95% of Tognum. Zurich Financial net surged 88%.
- Marcus Jacob
- 11 Aug, 2011
- New York City
Stocks in Australia seesawed all day and closed nearly unchanged after bargain hunters searched for values amid a weakening global economic backdrop. July unemployment rose to 5.1% from 4.9% in June. David Jones lowered its earnings outlook and reported weak quarterly sales.
- Bikram Pandey
- 10 Aug, 2011
- New York City
U.S. indexes plunged more than 4% erasing all the gains of one-day rally. Nervous market dragged stocks lower on the growing belief that the economy may be sliding towards recession. Banks in Europe and the U.S. declined on the worries that France may have to bailout its banks. Gold gained 3%.
- Mukesh Buch
- 10 Aug, 2011
- New York City
Capital One agreed to acquire HSBC
- Arthi Gupta
- 10 Aug, 2011
- New York City
The UK indexes slumped after the Bank of England trimmed its growth and inflation outlook. UK riots expand to three more cities on the fourth day. Ireland industrial production declined in June and new car registrations fell in July. Standard Life first-half net revenues rose 7.4% to £5.24 billion.
- Arthi Gupta
- 10 Aug, 2011
- New York City
U.S. indexes plunged 3% after the Fed guided low rates for two years and announced no new measures to lift the economic growth. U.S. mortgage applications surged to 21.7%. Capital One agreed to acquire HSBC’s domestic credit card business for $2.6 billion. Macy''s earnings soared 64%.
- Nigel Thomas
- 10 Aug, 2011
- New York City
Stocks in Japan traded higher after the U.S. Federal Reserve left its key lending rate near zero and guided low rates for another two years. Exports linked stocks were lower as the yen firmed up. Sony confirmed that rioters burned down one of its warehouses in London.
- Arthi Gupta
- 10 Aug, 2011
- New York City
European indexes rebounded after a week of chaotic trading. The IEA lowered its 2011 global oil demand growth forecast. The SNB lifted banks'' sight deposits to curb franc appreciation. E.ON planned slashing about 11,000 jobs and Nestle first-half net fell 16%.
- Arthi Gupta
- 10 Aug, 2011
- New York City
French industrial output fell and current account deficit narrowed in June. German annual inflation was at 2.4% and Portugal inflation eased to 7-month low in July. Norwegian factory price inflation was 16.1% in July.
- Marcus Jacob
- 10 Aug, 2011
- New York City
Australian stocks soared following a strong rebound in Asian markets tracking gains in overnight trading in New York. The broad rally lifted resources linked stocks, banks and retailers. China trade surplus rose to a record high in 30 months.
- Bikram Pandey
- 09 Aug, 2011
- New York City
U.S. stocks bounced between gains and losses of 2% or more after the Fed held its key lending rate and guided low rates till mid-2013 and did not announce new measures to lift economic growth. Gold traded above platinum for the first time in three years. AOL Inc plunged 30% to a record low.