- Arthi Gupta
- 01 Jun, 2011
- New York City
The UK mortgage approvals fell, gross lending improved and M4 money supply declined in April. Manufacturing index fell more than estimated in May. Kennedy Wilson Holdings surged 4.1% after acquisition of Bank of Ireland Real Estate Investment Management.
- Devan Biswas
- 01 Jun, 2011
- New York City
Stocks in Mumbai trading closed higher after the release of auto sales. The sales at Tata Motors, Maruti Suzuki and TVS Motor increased less than expected. April exports increased 34% and imports rose 14% and deficit in the month declined 18%.
- Arthi Gupta
- 01 Jun, 2011
- New York City
U.S. indexes traded lower after private sector added 38,000 jobs in May, less than estimated. U.S. manufacturing expansion decelerated at the fastest pace in 27 years and construction spending highlighted the ongoing drag on the economy. Sealed Air agreed to buy Diversey Holdings for $4.3 billion.
- Nigel Thomas
- 01 Jun, 2011
- New York City
Stocks extended gains for the second day in a row but the gains were muted. Resources linked stocks closed higher on a rise in commodities and metals prices. Automakers led the gainers. Solar energy linked stocks gained on the prospect of higher government commitment.
- Marcus Jacob
- 01 Jun, 2011
- New York City
Devastating weather dragged the economy in the first quarter. The GDP shrank 1.2%, first decline since the fourth quarter of 2008 and exports plunged 8.7%, the largest fall in 37 years. The dollar gained. Fortescue Metals chief executive Andrew Forrest resigned.
- Arthi Gupta
- 01 Jun, 2011
- New York City
European indexes slid after manufacturing growth in China slowed. Greece remained in focus. France-based Schneider Electric agreed to acquire Telvent for $2 billion. Intact Financial offered C$2.6 billion for AXA Canada. Lenovo agreed to buy Germany''s Medion for
- Arthi Gupta
- 01 Jun, 2011
- New York City
Manufacturing sector growth declined in the euro area with the growth in Germany slumping to a seven-month low in May. Swiss retail turnover growth accelerated in April. French unemployment fell in the first quarter.
- Bikram Pandey
- 31 May, 2011
- New York City
U.S. stocks closed higher on positive sentiment in Europe. Latest economic data suggest weak housing market and uneven economic recovery. Europe and Greece make a progress in finalizing bailout terms. Nokia plunged on earnings and sales warnings. Manufacturing outlook improves in Japan.
- Arthi Gupta
- 31 May, 2011
- New York City
The UK indexes rose on optimism of a resolution to Greece
- Mukesh Buch
- 31 May, 2011
- New York City
Ashland agreed to acquire privately owned International Specialty Products for $3.2 billion in cash. Nokia lowered its second quarter and full year 2011 outlook. Bank of Nova Scotia second quarter net income surged to $1.46 billion. Wal-Mart win merger proposal of Massmart.
- Bikram Pandey
- 31 May, 2011
- New York City
U.S. stocks traded higher after metropolitan cities home price index declined in March. Chicago area manufacturing decelerated at the fastest pace in nearly thirty months and U.S. consumer confidence index declined. Nokia plunged 16% after it estimate weak quarterly results.
- Arjun Dave
- 31 May, 2011
- New York City
European markets traded higher after investors turned positive on Greek developments. The IMF and the EU regulators are expected to reach a deal with Greek government to push through austerity measures and privatization plan. Banks in Germany and France advanced.
- Nigel Thomas
- 31 May, 2011
- New York City
Stock in Japan surged after a survey of manufacturers indicated production to increase to pre-quake level in June. The news lifted the benchmark index 2% and industrial companies led the advance. Euro-zone linked stocks also rose after Greek debt worries eased.
- Marcus Jacob
- 31 May, 2011
- New York City
Australian benchmark index added 0.9% and current account deficit in the fourth quarter increased to $10.4 billion and home construction approval in April declined 1.3%. SunRice Group shareholders rejected merger proposal with Spain based Ebro Foods.
- Arjun Dave
- 30 May, 2011
- New York City
European markets overlooked the ongoing Greek debt worries and focused on valuations and earnings. Italy completed the sale of 8.3 billion euros and Spain is set sell bonds on June 2. Greece confirmed its plan to complete austerity measures despite the opposition from other ruling parties.