Mar 29, 2013 10:28 AM ET
The Nikkei index closed higher second quarter in a row propelling six-month gains to the best since 1972. Industrial output declined 0.1% in February and core consumer prices declined 0.3%, tenth monthly fall in a row.
Mar 28, 2013 2:25 PM ET
Cyprus banks reopened nearly after two weeks with stringent capital controls that are likely to be in place for months to come. There was no evidence of panic or bank run on the first day. Central bank estimated 18% deposit withdrawal so far from the euro zone savers.
Mar 28, 2013 1:54 PM ET
The S&P 500 index traded above its all-time closing high and the government revised the estimate of fourth quarter economic growth to 0.4% annual rate. Jobless claims in the last week rose. Banks in Cyprus opened with stringent capital controls in place.
Mar 28, 2013 11:11 AM ET
Accenture second quarter net surged 67% and GameStop fourth quarter net surged 50%. Five Below net jumped 55% and Paychex third quarter net rose 7% to $144.5 million. Steelcase net swung to loss and Mosaic net soared 26% to $344.6 million.
Mar 28, 2013 10:44 AM ET
Market indexes in Tokyo closed lower in sympathy with the decline in Asian markets after a sharp fall in Shanghai index. Domestically, investors looked ahead at the first central bank meeting next week under a new leadership. GS Yuasa Corp plunged 11% after more battery problems.
Mar 28, 2013 10:11 AM ET
D.E Master Blenders said Benckiser offered €12.75 per share and reported second quarter net surged 31%. Tele2 agreed to sell its Russian business to VTB Group for $2.4 billion and said net profit for the year declined 31% to 3.26 billion. Liberty Global buy 12.65% stake in Ziggo.
Mar 28, 2013 9:52 AM ET
Australian resource stocks led the market decline after a sharp fall in Shanghai trading. Market index in Shanghai dropped 2.4% after the largest bank by asset reported a decline in profit growth. Nufarm plunged on weak results. Leighton sold stake in telecom companies worth $620 million.
Mar 28, 2013 9:17 AM ET
GMR divests its two coal mining assets in South Africa. HCL Tech won five years contract of $100 million from Ford Motor Company. IL&FS received a road project contract worth $280 million. Novartis AG will reduce its stake in Novartis India.
Mar 27, 2013 11:46 AM ET
Market indexes on Wall Street opened lower and slowly recovered near flat line. Italian politicians struggled to form a new governing coalition and European sentiment index showed a weakness. Bank of England said U.K. banks need to raise $38 billion.
Mar 27, 2013 11:04 AM ET
Landec third quarter net edged up and Lindsay second quarter net surged 52%. Mattress Firm fourth quarter net plunged 56% and PFSweb net declined 14.2%. Saic net income swung to $182 million profit.