Jun 10, 2009 9:47 AM ET
Stocks in Australia surge after consumer confidence soars. The government stimulus and first quarter GDP expansion contributed to the confidence boost. The home loans increased in April and loans to first time home buyers were 28% of all loans. Karoon Gas raised A$150 million.
Jun 09, 2009 5:32 PM ET
U.S. stocks closed mixed but tech stocks closed higher on revised outlook from Texas Instruments. Crude oil reached intra-day high of $70 a barrel since October last year. Copper and other base metal prices increased.
Jun 09, 2009 4:09 PM ET
European markets closed mixed after German exports fell more than expected in April and industrial production declined. Business confidence in France in May increased. Arcandor filed for insolvency and bankers will sell its majority stake in Thomas Cook. Air France-KLM traffic declined.
Jun 09, 2009 2:43 PM ET
U.K. house prices rise 1.1% in April. BlackRock values investment management unit of Barclays at $13 billion. Thomas Cook majority stake is likely to be auctioned after Arcandor files for insolvency. Greene King acquires 30 pubs at £30.4 million from Punch Taverns.
Jun 09, 2009 1:26 PM ET
Stocks in Mumbai trading rebounded after Prime Minister said economy is likely to grow at 7% in the current fiscal year. Satyam Computer Services surged after it reported net income in the third quarter. Tech Mahindra surged 25%. Infosys along with EDS and IBM were selected for A$450 million deal.
Jun 09, 2009 12:07 PM ET
The Men''s Wearhouse surged after it reported better than expected earnings. Harley Davidson and Hartford Financial declined after negative comments from brokers. FuelCell Energy surged after it reported smaller than expected loss. Pep Boys-Manny, Moe & Jack increased 7% on steady sales.
Jun 09, 2009 10:59 AM ET
Financial stocks in Tokyo led the decliners after the proposed merger between two insurance companies faced resistance. Executives at Nipponkoa expressed dissatisfaction with Sompo Japan merger. Investors have turned cautious after recent sharp gains in the commodities and benchmark indexes.
Jun 09, 2009 10:06 AM ET
Australian business confidence increases in May as the government commits A$22 billion to infrastructure spending. JB Hi-Fi Limited lifted its earnings outlook. Origin Energy lowered its annual earnings outlook for the second time this year. Attacks on Indian students in Australia continue.
Jun 09, 2009 9:28 AM ET
China auto and commercial vehicles sales surge in May and for the year after the government offered tax rebates. China also boosted tax incentives to exporters of electronics and other products. Financials rallied on media speculation of a merger between Ping An and Shenzhen Development Bank.
Jun 08, 2009 10:31 PM ET
The office supply chain first quarter sales grew 19% to $5.82 billion and earnings fell by 33% to $143 million due to one time costs and higher operating expenses. Earnings per share were 20 cents as against 30 cents a year ago.