Jul 16, 2009 8:29 AM ET
Stocks in Japan closed higher after China reported a rebound in the economy and U.S. stocks jumped on Intel earnings. Industrial and commodities related stocks in Tokyo closed higher. Mitsubishi UFJ plans to raise as much as $4 billion.
Jul 15, 2009 5:13 PM ET
Tech stocks rallied after Intel reported better than expected results and offered optimistic outlook for the economy. Cisco surged nearly 6% after rating upgrade. American Express surged to nine-month high after it lowered its estimate of bad loan charges.
Jul 15, 2009 4:13 PM ET
European auto sales in June increased on the government incentives but declined 11% in the first half of this year. Germany based MAN acquired 25% stake in China based Sinotruk. The retailer Casio Guichard second quarter sales declined 1.9%.
Jul 15, 2009 2:30 PM ET
Stocks in London surged after the miners and insurance companies rallied. The sharp gain in copper and other base metals lifted the stocks in resource sectors. Insurance companies gained on takeover rumors. UK unemployment claims increase in June, record high in 12 years.
Jul 15, 2009 1:16 PM ET
Metals and shipping related stocks in Shanghai surged and banking and financial service sectors closed higher in Hong Kong. China’s foreign reserves crossed above $2 trillion for the first time and foreign direct investment declined 6.8% in June and 17.9% in the first half.
Jul 15, 2009 11:35 AM ET
YUM! Brands fell 7% after it reported earnings. The mutual funds manager Janus declined after its chief resigned and company plans to raise capital. Gannett gained after it returned to profit.
Jul 15, 2009 10:10 AM ET
Mizuho Financial set the 530 billion yen offering price at 184 yen a share. The Bank of Japan extended by three months its emergency lending program to December and lowered its economic outlook for this year and the next year.
Jul 15, 2009 4:59 PM ET
The Sensex index in Mumbai gained 6% or 852 in last two days. Metal stocks shine on rally in LME metal prices. Adani Enterprises Limited and Mundra Port & SEZ Ltd surged after Adani Power Ltd filed to raise $450 million.
Jul 14, 2009 7:50 PM ET
The largest U.S tax preparer fourth quarter revenue dipped 3% to $2.47 billion but profit surged 30% to $706.9 million on higher fees and more returns offsetting reduction in tax returns. Earnings per share were $2.09 as against $1.66 a year go.
Jul 14, 2009 5:16 PM ET
Intel sales increased 12% sequentially in the second quarter but reported a loss on a charge of $1.45 billion related to the European Union fine. Earnings without the charges were $1 billion, up from $420 million in the first quarter and down $552 million from the second quarter a year ago.