- Arthi Gupta
- 30 Jun, 2011
- New York City
The UK indexes rose after home prices remained flat and consumer confidence dropped in June. Lloyds surged 9% after it proposed to cut 15,000 jobs to deliver
- Arthi Gupta
- 30 Jun, 2011
- New York City
U.S. indexes traded higher after weekly jobless claims fell 1,000 and pending home sales increased in May. News Corp sold Myspace for $35 million to Specific Media. CA Inc agreed to acquire Interactive TKO for $330 million.
- Arthi Gupta
- 30 Jun, 2011
- New York City
Euro area inflation remained flat at 2.7% in June. German jobless rate declined in June. French producer prices rose less than estimated in May. Hungary surplus improved and Denmark GDP contracted in the first quarter.
- Arthi Gupta
- 30 Jun, 2011
- New York City
The European indexes extended gains after the Greek parliament approved the austerity measures. AkzoNobel planned to acquire Schramm Holding for
- Nigel Thomas
- 30 Jun, 2011
- New York City
Stocks in Japan gained for the third day in a row on the expectation of faster improvement in supply chain and manufacturing output. Utilities gained on the talks of restarting at least one nuclear power plant. The Nikkei declined 0.4% in the first half.
- Marcus Jacob
- 30 Jun, 2011
- New York City
The Australian stocks scaled higher after Greece approved deeply unpopular austerity measures. The benchmark index soared 7% in the first half of the year as mining companies led gainers. Insurance Australia Group estimated margins between 8% and 10% in the current year.
- Bikram Pandey
- 29 Jun, 2011
- New York City
U.S. indexes extended gains for the third day in a row as investors looked beyond Greek austerity vote. The euro gained and crude oil and metals advanced. Visa and MasterCard surged after the latest Fed proposal showed higher fees that retailers pay for debit card transactions.
- Arjun Dave
- 29 Jun, 2011
- New York City
Bank of America agreed to pay between $8.5 billion and $9.1 billion for losses linked to mortgage securities that were sold between 2004 and 2008. The bank also guided second quarter net income between $3.2 billion and $3.7 billion.
- Arthi Gupta
- 29 Jun, 2011
- New York City
The UK indexes extended gains after the Greek parliament approved austerity measures. UK services index edged up in April. Mortgage approvals in the UK rose but M4 money supply declined in May. Irish unemployment increased to 14.2% in June.
- Arthi Gupta
- 29 Jun, 2011
- New York City
U.S. indexes rose after the Greek parliament voted in favor of austerity measures. Bank of America agreed to pay $8.5 billion to settle claims on mortgage-backed securities. BJ''''s Wholesale agreed to a leveraged buyout for $2.8 billion.
- Nigel Thomas
- 29 Jun, 2011
- New York City
The Nikkei index soared 1.5% and extended gains for the second day on the sharp recovering in domestic manufacturing and improving sentiment in the euro-zone. Retailers advanced for the third day in a row on improved retail outlook. Autos and electronics makers led the gainers.
- Arthi Gupta
- 29 Jun, 2011
- New York City
Euro area retail sales and sentiment fell in June. French GDP growth revised down in the first quarter. Spanish retail sales declined in May. Hungarian jobless rate declined in the three month period to May. Romania''s central bank held key rate at 6.25%.
- Arthi Gupta
- 29 Jun, 2011
- New York City
The European indexes traded higher ahead of austerity vote in the Greece. The EU officials stepped up media campaign in the support of austerity measures. Euro-zone economic sentiment index fell to 105.1 in June. Philips agreed to acquire Indal. Japan-based Kyocera agreed to buy Unimerco.
- Marcus Jacob
- 29 Jun, 2011
- New York City
Australian stocks rebounded ahead of Greek austerity vote. Resource stocks gained on the back of higher oil and metals. Transpacific Industries revised lower its annual outlook.