- Marcus Jacob
- 15 Jun, 2011
- New York City
Australian stocks sold off after hawkish comments from the RBA governor Glenn Stevens. Two-speed economic developments in Australia are expected to widen more as mining investment increase and inflation accelerates in the future. Qantas plans to cut $700 million of spending.
- Arthi Gupta
- 15 Jun, 2011
- New York City
Euro-zone industrial production rose unexpectedly in April. OECD unemployment rate declined in April. The factory employment in Germany increased 2.7% annually. French consumer price annual inflation eased to 2% in May.
- Bikram Pandey
- 14 Jun, 2011
- New York City
World markets gain after China reported strong industrial production and retail sales. U.S. retail sales declined for the first time in ten months on weak auto sales. Merger news dominated for the second day this week. ECB and Germany negotiate Greek bailout terms.
- Mukesh Buch
- 14 Jun, 2011
- New York City
Agilysys fourth quarter net loss widened. Best Buy first quarter net earnings fell to $136 million. Casey''s General fourth quarter net profit increased 4.1%. Honda Motor expects fiscal year 2012 net income of 195 billion yen.
- Arthi Gupta
- 14 Jun, 2011
- New York City
The UK indexes rose after annual inflation remained unchanged at 4.5% in May. The UK home prices declined in April and leading index improved in April. Avis Budget Group agreed to acquire Avis Europe for
- Arthi Gupta
- 14 Jun, 2011
- New York City
U.S. indexes gained after producer prices rose 0.2% and retail sales dropped 0.2% in May. Graham Packaging confirmed unsolicited acquisition proposal. Avis Budget Group agreed to acquire Avis Europe for $1.0 billion. Ericsson agreed to buy Telcordia for $1.15 billion.
- Devan Biswas
- 14 Jun, 2011
- New York City
Stocks in Mumbai traded after four days of losses. The latest wholesale inflation data showed elevated inflation prompting worries of another rate hike. Ideal Cellular increased after fourth quarter net increased 13% and added net 10 million new subscribers.
- Arthi Gupta
- 14 Jun, 2011
- New York City
The European indexes advanced tracking gains in Asia and better-than-estimated industrial output from China. European finance ministers are set to meet today to discuss the next bailout package for Greece. Spain successfully auctioned
- Nigel Thomas
- 14 Jun, 2011
- New York City
The benchmark index in Tokyo increased 1.1% after Japanese government approved the scheme to compensate nuclear disaster victims and Bank of Japan unveiled a $6 billion loan program for the earthquake affected region. Separately the central bank also left the rates and asset buying program on hold.
- Arthi Gupta
- 14 Jun, 2011
- New York City
The OECD leading indicator remained unchanged in April. French current account deficit widened in April and Spanish inflation eased in May. Romanian jobless rate increased to 7.3% in 2010.
- Marcus Jacob
- 14 Jun, 2011
- New York City
Stocks in Australia closed higher after China reported strong economic data. QBE Insurance said first net profit is expected to increase as much as 60% on improved investment performance.
- Bikram Pandey
- 13 Jun, 2011
- New York City
U.S. stocks closed higher after losing for six weeks in a row and the S&P 500 index rebounded from the three-month low. European leaders haggled as Greek debt rating was cut to the lowest. Portuguese 10-year bond yield soar to a eleven year high. Oil gained and U.S. Treasuries declined a fraction.
- Mukesh Buch
- 13 Jun, 2011
- New York City
Alliance One swung to a quarterly net loss. Transatlantic signed merger agreement with Switzerland based Allied World Assurance Co. Holdings. V.F. Corp. signed merger agreement with Timberland Company for $2 billion. Wendy
- Arthi Gupta
- 13 Jun, 2011
- New York City
The UK indexes edged higher. Horizon agreed to acquire Florida-based APR Energy for $855 million. The Bank of England Chief Economist Spencer Dale noted short and medium-term inflation expectations are more mixed than significantly de-anchored.
- Arthi Gupta
- 13 Jun, 2011
- New York City
U.S. indexes gained after a string of merger news lifted sentiment. VF agreed to buy Timberland for $43 per share. Wendy''s/Arby''s agreed to sell Arby''s to Roark Capital for $430 million. Honeywell acquired EMS Technologies for $491 million.