Jul 16, 2013 10:55 AM ET
Chinese police lists charges against local unit of Glaxo. Rio Tinto second quarter production climbed and reaffirmed its full-year guidance. Swedbank net income slumped to 1.59 billion kronor. Telecom Italia delayed its plan to spin-off its fixed-line.
Jul 16, 2013 10:38 AM ET
Stocks in Tokyo gained after the yen declined and exporters led the advance. Investors shifted focus to quarterly profit and looked for profit improvement linked to weaker yen. Best Denki soared 14% on four-fold increase in earnings.
Jul 16, 2013 9:33 AM ET
Australian indexes closed flat after cautious statement from the central bank held out optimism for a rate cut in the future. Rio Tinto said second quarter iron ore production increased 7% and it is on track to cut exploration spending by $750 million.
Jul 16, 2013 7:20 AM ET
Ashok Leyland net swung to loss as sales plunged 22%. Advanta net swung to a profit as sales surged. CMC first quarter net declined 13%. Reliance Infra profit grew 2.4%. TTK Prestige net declined 16%.
Jul 15, 2013 11:29 AM ET
Market indexes in Europe extended gains of last week but trimmed early advance. Resource and commodities linked companies gained after China’s economic expansion met the growth target set by the government. Polish inflation slowed. Hungarian construction soared and Danish wholesale prices rose.
Jul 15, 2013 11:00 AM ET
Economic growth in the second quarter to June slowed to 7.5% after government cracked down on construction activities and also exports slowed. Industrial production slowed to 8.9%, slowest since 2009.
Jul 15, 2013 10:55 AM ET
U.S. stocks drifted lower after retail sales were lower than expected and China reported economic expansion of 7.5%. Industrial production in China increased 8.9%, slowest since 2009. Metal prices rose and energy prices traded higher.
Jul 15, 2013 9:35 AM ET
Australian stocks closed higher and auto sales in June rose to a record high and China met economic growth expectations laid out by the government. RHG Limited accepted a revised offer from Resimac. Precious and base metals prices rose.
Jul 12, 2013 12:36 PM ET
Stocks in New York traded sideways after JPMorgan Chase reported higher than expected earnings and Wells Fargo earnings soared 19%. Consumer confidence index declined unexpectedly in July. Gold and oil advanced.
Jul 12, 2013 12:09 PM ET
Bank of the Ozarks second quarter net jumped 7% and Independent Bank net grew 4%. JPMorgan net soared and credit card sales climbed. United Parcel drooped on weak earnings outlook. Wells Fargo net surged 19% to $5.3 billion and deposits reached to $1 trillion.