Feb 15, 2011 5:04 AM ET
Australian stocks closed nearly unchanged and the Australian dollar rose to a 9-month high against the yen. Brambles declined after it reported lower than expected earnings. Westpac gained after quarterly net fell but interest margin rose. The RBA statement confirmed the tightening bias.
Feb 14, 2011 4:01 PM ET
U.S. stocks struggled after a sustained rise in the last six weeks. U.S. President Barack Obama proposed a $3.7 trillion budget with a deficit of $1.1 trillion. China’s January trade surplus shrank 55%. Brent Crude oil futures rose to a 2-year high as unrest spreads in the Middle East.
Feb 14, 2011 2:00 PM ET
European market indexes closed mixed with a downward bias. Banks declined after the rating agency said it will revise its guidelines and factor in government support at more than 170 banks. The move is widely considered too late and too little. Credit Suisse strengthened capital.
Feb 14, 2011 12:54 PM ET
UK shares surged on the takeover talks and higher commodities prices in London trading. General Electric Company agreed to acquire the well-support division of John Wood Group Plc for $2.8 billion. The benchmark index closed nearly flat.
Feb 14, 2011 11:15 AM ET
Atlas Air fourth quarter net income increased 47% to $41.6 million. Diebold reported fourth quarter net loss in the quarter was $120 million. MGM Resorts net loss in the fourth quarter declined to $139 million.
Feb 14, 2011 10:11 AM ET
U.S. stocks edged lower in the early trading after rising in 12 of the last fifteen trading sessions. Japan economy shrank 1.1% in the last quarter and fell to the third place after the U.S. and China. China’s trade surplus shrank 55%. Emergency Medical agreed to go private for $3.2 billion.
Feb 14, 2011 9:09 AM ET
Stocks in Mumbai surged after earnings from Tata Motors, Adani Enterprises and Gitanjali Gems Limited. The benchmark index soared 2.6%.Reliance Communication quarterly net dropped 56%. Tata Motors quarterly net soared nearly three-fold.
Feb 14, 2011 8:39 AM ET
Adani Enterprises gained 3% after net profit increased 56%. Aban Offshore increased 3% and net profit declined 31%. Hindalco rose 4% after net profit rose 8%. Reliance Capital gained 3% after net profit surged 68%. Tata Motors increased 5.6% after net profit surged nearly three fold.
Feb 14, 2011 6:11 AM ET
Stocks in Tokyo reopened after three-day weekend and surged 1.1%. Exporters and electronics companies closed higher. Fourth quarter GDP declined 1.1% and for the year 2010 rose 3.9% to $5.47 trillion.
Feb 14, 2011 5:15 AM ET
Australian stocks closed higher on mixed earnings reports. Macarthur Coal estimated full year net of at least $138 million. IAG dropped after it reported higher than expected losses from Queensland floods and in the UK.