Jan 29, 2010 3:38 PM ET
European markets indexes closed higher. Greek bonds rebounded. Spain estimated 2009 deficit of 11.4% and said it will be trimmed to 3% by 2013. Spain also increased retirement age to 67 from 65. Bulgari SpA fourth quarter revenue falls 5% to €297 million. Infineon Technologies swings to profit.
Jan 29, 2010 9:45 AM ET
World markets are still holding out for the prospect of global economic recovery. Asian markets indexes closed mixed with a negative bias and the indexes in Europe edged higher. Unemployment in the Euro zone increased to 10% in December.
Jan 28, 2010 4:44 PM ET
U.S. indexes closed lower with tech stocks leading the decliners. Senate reappointed Ben S. Bernanke for a second term as chairman of the Federal Reserve. European markets declined on the worries that Greece may face difficulties balancing its budget.
Jan 28, 2010 12:44 PM ET
European indexes closed lower and Nokia and H&M reported better than expected earnings. Nokia surged more than 12% and H&M soared 8%. Bouygues to price €500 million eight year bond at lower than expected rate premium.
Jan 27, 2010 4:10 PM ET
European markets declined as the prospect of early stimulus withdrawal worries investors. Greek bonds declined on its first day of trading. Portugal plan to cut the deficit to 8.3% may not be enough to meet the EU requirement. BBVA dropped after reporting earnings that misses estimates.
Jan 27, 2010 9:28 AM ET
World markets edge lower as investors confront the prospect of rising interest rates and fewer lending supports from the central banks. Federal Reserve is expected to end its $1.25 trillion mortgage bonds markets support and the ECB is preparing to trim stimulus measures.
Jan 26, 2010 4:23 PM ET
European markets closed higher after business climate index in Germany increased and UK reported its first quarterly gain in seven quarters. Siemens rallies 5% after reporting sector profit increase of 11%. Novartis net surges 49% and appointed new chief executive.
Jan 26, 2010 9:30 AM ET
World markets declined after more banks tighten lending in China. The lending in the first two weeks surged to more than $200 billion, nearly 20% of the annual quota. UK barely emerged from the recession that dragged its GDP down by 6% in the previous six quarters.
Jan 25, 2010 6:18 PM ET
European market indexes closed lower more than 1%, however Athens benchmark index surged. Greek government auction of €8 billion five-year bonds auction drew more than three times interests. Fiat SpA declined after it indicated weak auto sales in the current year. Ericsson net plunges.
Jan 22, 2010 1:21 PM ET
European markets closed lower and now in the red for 2009. Investors worried that additional bank regulations and limits on risk ventures is likely to curb future profits at banks. Bwin Interactive is in merger talks with PartyGaming.