- Nigel Thomas
- 25 May, 2011
- New York City
Stocks in Japan declined for the second day this week following the weakness in Asian markets. Semiconductor equipment makers closed lower after Applied Materials reported weaker than expected earnings. Real estate developers declined on negative comments from a broker.
- Marcus Jacob
- 25 May, 2011
- New York City
The Australian benchmark indexes declined for the second day this week. Mining and banks led the losers. Lend Lease increased after it guided current year return on equity of 15%. Telstra reaffirmed earnings outlook.
- Bikram Pandey
- 24 May, 2011
- New York City
The U.S. indexes opened higher but struggled to advance and crude oil and metals prices rose. New home sales increased in April but inventory of unsold homes increased. Russia based search engine Yandex NV soared 55% after it raised $1.3 billion.
- Mukesh Buch
- 24 May, 2011
- New York City
AutoZone third quarter net income increased 12% to $227.4 million. DSW first quarter net income rose to $38.4 million. Medtronic fourth quarter net earnings declined to $776 million. Sanderson Farms reported second quarter net loss of $16.3 million.
- Devan Biswas
- 24 May, 2011
- New York City
UK stocks inched higher after oil and energy prices advanced and base and precious metals closed higher. Miners and resource linked stocks led the gainers in London. Marks & Spencer
- Bikram Pandey
- 24 May, 2011
- New York City
U.S. indexes advanced on the rise in energy and commodities prices. U.S. new home sales increased 7.3% in April but plunged 23.1% from a year ago. Markets in Europe rebounded and in Asia closed mixed.
- Arjun Dave
- 24 May, 2011
- New York City
European markets traded higher after Spain completed the treasury auction to raise 2.3 billion euros. German left its first quarter economic expansion at 1.5% and a private measure of business confidence index was flat in May. European regulators canceled 200 scheduled flights.
- Nigel Thomas
- 24 May, 2011
- New York City
The benchmark index in Tokyo closed higher after trading near five-month low. Sony traded higher after estimating third annual loss in a row. Construction machinery stocks rebounded. Shipping lines closed higher after freight rate index gained. Toshiba proposed aggressive capital expansion plan.
- Marcus Jacob
- 24 May, 2011
- New York City
Australian stocks edged lower on global economic worries. China and U.S. economic data suggest a slower economic growth and commodities turned lower in Asian trading. Banks led the decliners in Sydney trading. China based Cofco increased its offer for Tully Sugar.
- Bikram Pandey
- 23 May, 2011
- New York City
U.S. indexes declined following world markets losses. Markets in Asia fell after manufacturing in China declined for the second month in a row. European markets dropped after sovereign debt worries resurfaced. The dollar gained and oil fell.
- Nigel Thomas
- 23 May, 2011
- New York City
UK market indexes declined after a weakness in the European markets. The benchmark index dropped nearly 2%. Mining and energy linked companies declined after commodities and crude oil prices declined. Stobart Group Ltd sales increased but net declined. MITIE Group full-year net advanced.
- Mukesh Buch
- 23 May, 2011
- New York City
Campbell Soup third quarter earnings increased to $187 million. Krispy Kreme first quarter net income grew to $9.2 million. Tech Data first quarter net income increased to $48.7 million. Sony forecast revenue loss of 3% and expects net loss of �260 million.
- Bikram Pandey
- 23 May, 2011
- New York City
U.S. stocks declined on global economic worries. Rating agencies downgrade of Greek and Italian debt only added to the market jitters. The dollar rose as the euro declined. Crude oil fell 2% and silver eased 1%. The Dow, S&P 500 index and the Nasdaq dropped more than 1%.
- Nigel Thomas
- 23 May, 2011
- New York City
European markets accelerated sell-off after China manufacturing slow down added to market jitters. Ratings agencies downgraded debts of Italy and Greece and regional elections losses in Spain also unnerved investors.
- Nigel Thomas
- 23 May, 2011
- New York City
Stocks in Tokyo fell on the worries that exports to China may suffer. The latest read on manufacturing index in China prompted a broker to lower its view on the makers of steel and construction machinery. The Nikkei index declined 1.5% as indexes in Asia dropped between 1% and 2%.