Jul 17, 2012 9:15 AM ET
The European indexes traded higher and Spanish bond yields fell at the latest debt auction. Rating agency downgraded 13 Italian banks with negative outlook. The IMF approved €1.48 billion aid to Portugal. German confidence fell to 6-month low in July.
Jul 17, 2012 8:30 AM ET
Tokyo financial markets closed higher after a 3-day weekend and the yen strengthened prompting another round of tough talks from the finance minister. The IMF lifted its outlook for Japan to 2.4% but cut global economic views.
Jul 17, 2012 8:00 AM ET
Australian indexes closed higher for the third day after the RBA highlighted the economic strength in its latest assessment. The dollar closed higher and investors shifted attention to the next meeting of the central bank on August 7. Rio Tinto said first half iron production increased 4%.
Jul 16, 2012 4:11 PM ET
U.S. indexes traded sideways as trading volume inched lower and the IMF lowered its global growth outlook. The global lender warned the U.S. to lift its debt limit sooner than later and urged European leaders to accelerate fiscal and banking integration.
Jul 16, 2012 11:44 AM ET
Citigroup second quarter net declined 12% to $2.9 billion and Gannett net plunged 21%. Glaxo offered $3.6 billion for Human Genome. Thermo Fisher agreed to buy One Lambda for $925 million in cash. Visa and MasterCard settle class action lawsuits.
Jul 16, 2012 10:51 AM ET
The UK indexes dipped after home prices fell in July. The International Monetary Fund cut UK growth outlook. GlaxoSmithKline agreed to acquire Human Genome for $14.25 per share. G4S failed to fulfil Olympic contract.
Jul 16, 2012 10:55 AM ET
U.S. indexes edged lower after retail sales fell unexpectedly in June. Par Pharmaceutical inked a merger agreement to be acquired by TPG for $1.9 billion. Thermo Fisher agreed to acquire One Lambda for $925 million in cash.
Jul 16, 2012 8:36 AM ET
Australian indexes closed higher for the second day in a row as investors bid up resources stocks. Whitehaven Coal surged 17% after it received a takeover bid. Seven West Media was halted after it planned to finish its $440 million offering at 20% discount.
Jul 16, 2012 8:22 AM ET
The European indexes traded lower ahead of the German court ruling on Spanish bank bailout plan. Italy planned to cut public debt by 20% in five years. Accor agreed to acquire hotel portfolio of Mexico-based Grupo Posadas.
Jul 16, 2012 8:01 AM ET
German factory employment rose and Italian exports improved in May. Annual inflation in the euro area was stable but Norwegian trade surplus and Austrian inflation rose in June. Swiss industrial production eased in the first quarter.