Jan 23, 2013 9:27 AM ET
Australian stocks closed at a new 20-month high after latest inflation data was below estimate and BHP Billiton reported higher sales and held its target for iron ore production growth of 3% in 2013. Linc Energy soared after it revised its energy estimate at shale operation in South Australia.
Jan 23, 2013 8:43 AM ET
Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.
Jan 22, 2013 4:02 PM ET
Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.
Jan 22, 2013 1:30 PM ET
European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.
Jan 22, 2013 12:44 PM ET
Stocks in New York declined after existing home sales declined unexpectedly in December. Microsoft may contribute as much as $1 billion in a deal to acquire computer maker Dell. Verizon Communications reported wider loss and Johnson & Johnson net surged.
Jan 22, 2013 11:59 AM ET
Stocks in Tokyo traded volatile and shot up 1% after the Bank of Japan confirmed the inflation target revision to 2% and deferred unlimited bond purchase from January 2014. The yen traded higher.
Jan 22, 2013 10:41 AM ET
Australian market index ASX 200 surged after the Bank of Japan announcement but failed to close in positive territory. Investor confidence to invest stayed near a 15-year low on high dollar and weak business conditions. NAB declined after Santander denied reports of its interest in buying UK assets.
Jan 22, 2013 10:02 AM ET
Delta Air Lines fourth quarter net tumbled and du Pont fourth quarter net declined 70%. Johnson & Johnson profit surged to $2.57 billion. Travelers fourth quarter net profit declined 51%. Verizon fourth quarter net loss widened.
Jan 22, 2013 9:52 AM ET
Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion.
Jan 21, 2013 11:34 AM ET
European markets gained and the earnings growth expectations are low in the region ahead of the scheduled release. Producer prices rose 2.2% in third quarter in Switzerland but declined 0.3% in December in Germany. Spain is set to release jobs data this week.