Feb 08, 2012 8:46 AM ET
BHP Billiton, the largest Australian company reported earnings declined 6% in the six month period on the fall in iron ore prices and rising operating costs. Separately, Rio Tinto announced expansion of $3.4 billion in Western Australia. In trading, Australian stocks advanced.
Feb 08, 2012 8:27 AM ET
European markets gained as Greek economy deteriorates and Germany sold €3.293 billion of 5-year notes at 0.91% yield. Nokia plans to cut 4,000 manufacturing jobs in Europe and Mexico. BMW vehicle sales rose 6.6% in January.
Feb 07, 2012 5:08 PM ET
U.S. stocks traded higher as investors focused on the earnings from global corporations Yum Brands, Becton Dixon, Coca-Cola and Arcelor Mittal. The merger agreement between Glencore and Xstrata received lukewarm reception from minority shareholders.
Feb 07, 2012 11:31 AM ET
The UK indexes slid and crude oil was in focus as the European markets turned cautious as Greek negotiations dragged on. Retail sales in the United Kingdom eased in January. BP quarterly net soared 38% and GlaxoSmithKline swung to profit.
Feb 07, 2012 10:49 AM ET
AGCO fourth quarter net surged to $285.2 million and Anadarko fourth quarter net loss swung to $358 million. Emerson Electric first quarter net slumped 23% to $371 million. Coca-Cola fourth quarter net declined 71% to $1.65 billion.
Feb 07, 2012 10:33 AM ET
The U.S. indexes fell on the ongoing euro zone debt crisis and protracted Greek negotiations. Tensions rose in the Middle East as Western nations accelerate spy activities in Syria and the U.S. freeze Iranian sanctions. Coca-Cola quarterly earnings slumped 71% and Toyota lifted its annual view.
Feb 07, 2012 10:16 AM ET
Stocks in Japan traded sideways after Japan Tobacco lifted its annual outlook and Dainippon Screen Manufacturing indicated weak orders in the current quarter. After the close, Toyota Motor reported better than expected unit sales and rising revenues.
Feb 07, 2012 9:26 AM ET
European markets edged lower after Greece sold €812.5 million of 6-month bills at lower yields. Glencore and Xstrata reached an agreement to create a $90 billion natural resources group. ArcelorMittal quarterly loss widened.
Feb 07, 2012 9:25 AM ET
German production declined, Norwegian manufacturing production rose and French trade deficit increased in December. Swiss foreign exchange reserves drop and Swedish deficit was higher than expected in January.
Feb 07, 2012 7:58 AM ET
Reserve Bank of Australia left its key lending rate on hold as the mining sector revs up spending and inflation remains within the target range. The Australian dollar rose to a record high against the euro and 27-year high against the UK pound. Cochlear jumped on lower than expected annual loss.