Jun 28, 2012 9:02 AM ET
Stocks in Tokyo advanced and the benchmark Nikkei jumped 1.6% to close at a six week high. Retail sales in May increased at a slower pace than in April but were ahead of expectations. Institutional investors increased exposure to domestic stocks.
Jun 28, 2012 8:16 AM ET
Australian indexes lost most the gains of the day in late afternoon as the prospect of an outcome from the meeting of European leaders. News Corp said it will separate its news and entertainment operations. Caltex gained on higher profit estimate.
Jun 28, 2012 7:47 AM ET
The European indexes slumped ahead of the EU summit. Italy raised €5.4 billion in a bond auction. German jobless rate rose and UK home prices fell in June and the UK economy contracted in the first quarter. Veolia agreed to sell its UK regulated water unit for $1.93 billion.
Jun 27, 2012 4:00 PM ET
U.S. stocks advanced after durable goods orders rose for the first time since February and pending home sales increased. The pace of improvement though small and halted supported market enthusiasm on the rising merger activities.
Jun 27, 2012 1:54 PM ET
UK based Barclays agreed to pay fines of more than $450 million to the U.S. and UK regulatory authorities after the bank admitted to manipulating the Libor, the London interbank offered rate and Euribor.
Jun 27, 2012 11:28 AM ET
Japanese stock indexes increased for the first time after three days of losses on a rebound in consumer focused stocks and home builders. Construction companies gained on the hopes of advance purchases ahead of sales tax increase in 2014.
Jun 27, 2012 10:40 AM ET
Australian stocks rebounded after losses of four days and stocks in the resource, media and banking sector led the gainers. News Corp gained on the hopes that the controversial media group may separate its maligned news division from its popular and larger entertainment unit.
Jun 27, 2012 10:38 AM ET
General Mills fourth quarter net was ahead of expectations but issues a weak 2013 outlook. Lennar soared after quarterly profit surged to $452.7 million. Monsanto third quarter net increased 1.6% to $937 million.
Jun 27, 2012 9:48 AM ET
U.S. indexes climbed after durable goods orders rose in May. Merger activity heat up for the second day and Loral agreed to sell Space Systems for $1 billion. Liberty Global and Searchlight agreed to buy OneLink for $585 million. SS&C Technologies acquired GlobeOp for £572 million.
Jun 27, 2012 8:49 AM ET
Pressure on European leaders intensified as Spain slides closer to a bailout as the recession deepens and government faces unsustainable cost of debt refinancing. Italy sold €9 billion of 6-month bills at higher yields. French jobless rate forecasted to deteriorate this year.