Jan 14, 2013 12:03 PM ET
TNT Express plunged after UPS abandoned its offer for the parcel delivery company. Swatch Group gained 4% after it agreed to acquire luxury watch unit of Harry Winston. Saint Gobain gained after it received an offer for its glass division in North America.
Jan 11, 2013 4:42 PM ET
U.S. and world markets hovered near 22-month high and U.S. trade deficit in November widened on global economic recovery. Banks were in focus ahead of earnings next week. The euro traded at a 2-month high. Japan embarked on the largest stimulus since 2008 and inflation in China gained momentum.
Jan 11, 2013 12:41 PM ET
Nokia extended gains for the second day on the hopes that the new smartphone will lift last quarterly results. Resource sector stocks eased after China reported higher than expected inflation. SAP AG released new business software to automate processes.
Jan 11, 2013 12:36 PM ET
European markets closed mixed and Italy completed the sale of €3.5 billion bonds of 3-year maturity at a lower average yield of 1.85%. European authorities recommended changes in how Euribor rates are submitted and calculated.
Jan 09, 2013 1:08 PM ET
Stocks in New York extended European market gains on the corporate earnings optimism. Italy led the gains in European markets advance and reported record unemployment for the second month in a row. German industrial production barely budged. Nikkei in Japan rose on stimulus hopes.
Jan 09, 2013 11:08 AM ET
ArcelorMittal plans to raise $3.5 billion in stock and convertible bond offering to cut $17 billion debt load. Telecom stocks in the region fell on the speculation that companies may be permitted to share infrastructure. J Sainsbury declined on weak same store sales growth.
Jan 09, 2013 11:05 AM ET
European markets advanced across the region and Germany reported weaker than expected increase in industrial output. Italian unemployment held steady at record in November. ArcelorMittal plan to raise $3.5 billion through stock and convertible bond offering.
Jan 07, 2013 11:24 AM ET
Banks led the gainers in European trading after Basel Committee capitulated to banking industry lobby in revised capital standards implementation. Rolls Royce fell 1.6% after the UK regulator hold bribery inquiry. Faurecia gained 7% on hopes that controlling shareholder Peugeot may sell its stake.
Jan 07, 2013 11:17 AM ET
European markets traded lower but banks led the gainers after Basel Committee capitulated to pressure from large global banks and eased implementation of new capital and liquidity rules.
Jan 03, 2013 1:56 PM ET
Germany reported unemployment held steady at 6.9%, lowest in two decades. Spain said registered unemployed people fell by 59,000 in December as employers in service sector added jobs. Lending to households and companies fell in November in the euro zone.