- 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%.
- Arthi Gupta
- 17 Aug, 2011
- New York City
The UK indexes edged lower after jobless claims rose in July and unemployment rate soared to 7.9% in the three months to June. The BoE minutes showed consensus among members on maintaining interest rate at a historic low of 0.5%. Balfour Beatty plunged 4.9% on weak first-half revenue.
- Arthi Gupta
- 17 Aug, 2011
- New York City
U.S. indexes gained after mortgage applications rose 4.1% and producer price index climbed 0.2% in July. General Dynamics agreed to acquire Vangent for approximately $960 million. Abercrombie & Fitch net surged 64% in the quarter.
- Mukesh Buch
- 16 Aug, 2011
- New York City
Agilent third quarter net income soared 61% to $330 million. Saks second quarter net loss narrowed 1.2% to $8.4 million. Home Depot second quarter net earnings increased 14.3% to $1.4 billion. Wal-Mart second quarter net income increased 5.7% to $3.80 billion.
- Arthi Gupta
- 17 Aug, 2011
- New York City
Euro area inflation eased to 2.5%, Swedish home prices rose, and Austria annual inflation climbed in July. Euro-zone and Italy current account deficit widened in June. Iceland hiked rates by 25 basis points to 4.50%.
- Arthi Gupta
- 17 Aug, 2011
- New York City
European indexes traded sideways after a disappointing meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel. SNB intensified measures against rising Swiss franc. Hochtief net plunged 74% impacted by issues at its Australian subsidiary Leighton.
- Marcus Jacob
- 16 Aug, 2011
- New York City
Australian stocks were on the defensive after companies announced job cuts and Commonwealth Bank reported weaker than expected earnings. Resources linked companies closed lower after. OneSteel net declined 11%.
- Arthi Gupta
- 16 Aug, 2011
- New York City
The UK indexes declined on weaker-than-estimated global economic data. The UK inflation rose 4.4% in July and home prices declined in June. Resolution first-half revenues rose and CRH net soared.
- Arthi Gupta
- 16 Aug, 2011
- New York City
U.S. indexes traded sideways after housing starts fell and import prices recovered in July. The World Bank warned that depleting food stocks and high inflation are cause for concern. Cargill planned to acquire Provimi for
- Arthi Gupta
- 16 Aug, 2011
- New York City
The euro area economic growth eased more than estimated in the second quarter. Euro-zone trade surplus widened, Dutch retail sales remained unchanged and Spanish industrial new orders growth slackened in June. Swedish jobless rate increased in July.