May 16, 2012 9:26 AM ET
U.S. indexes edged higher after housing starts rose in April. GE agreed to acquire Australia-based Industrea in a deal valued at approximately A$700 million and Fairchild International in support of the global expansion of its mining business.
May 08, 2012 9:19 AM ET
U.S. indexes edged lower as Greece struggles to form the next government and avoid a default before next bailout disbursement. Electronic Arts net income soared and Direct TV quarterly net gained 9%. However, OfficeMax net was cut by more than half.
May 08, 2012 9:14 AM ET
Hungarian output rebounded, Danish surplus declined and Norwegian manufacturing production fell in March. Swedish central government payments surplus in April jumped more than twofold.
May 08, 2012 9:08 AM ET
The European indexes slumped as the Greek political deadlock continued. Greece sold €1.3 billion of 6-month T-bills at higher yields. Adecco and Deutsche Post gained after better than expected earnings. Mexico based American Movil agreed to lift its stake in the Dutch telecom network operator KPN.
May 09, 2012 9:02 AM ET
Stocks in Tokyo traded lower and the Nikkei index fell 1.5% to a new 3-monthl low. In the last ten week the index has dropped 12%. Toyota guided sharply higher operating profit after the close and NTT Data reported lower than expected annual operating income.
May 09, 2012 9:01 AM ET
Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes.
May 08, 2012 8:58 AM ET
World markets accelerated the decline after Greek political wrangling reignited fears in the euro zone and the euro edged lower for the seventh day in a row. Indexes in New York and in Europe fell and the Greek benchmark dropped to two decade low.
May 08, 2012 8:55 AM ET
Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit.
May 08, 2012 8:53 AM ET
Stocks in Tokyo rebounded on bargain hunting and commodities closed higher. Trading houses led the gainers after Mitsubishi Corp reiterated its full year earnings and lifted earnings outlook. Fuji Heavy Industries gained after it estimated 22% increase in sales in the current year.
May 16, 2012 8:50 AM ET
Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.