Feb 08, 2013 9:03 AM ET
Stocks in Tokyo halted a 12-week rally and closed down on Friday. Nikkei declined 0.3% in the week after the yen pause its recent slide. Sony plunged 10% after investors take profit after the stock ran up 42% in January.
Feb 08, 2013 8:28 AM ET
Australian stocks closed at a 22-month high after investors reacted to positive international trade data from China. Reserve Bank of Australia lowered its economic growth rate for 2013 and estimated inflation to be within its target range.
Feb 08, 2013 7:49 AM ET
ACC third quarter net declined 18.6% and Balaji Telefilms net soared more than three-fold. Cadila Health net plunged 31% and M&M net jumped 30%. MRF net surged 60% and McNally won order of Rs 171.84 crore. Sun Pharm net tumbled 80%.
Feb 07, 2013 4:16 PM ET
U.S. market indexes declined after cautious comments from European policymakers and weak earnings. Oil traded near elevated prices and market indexes recovered half the 1% decline. Retailers reported higher same store sales in January.
Feb 07, 2013 11:29 AM ET
Gross Domestic Product is expected to slow down to 5% in the year ending in March as food prices drive inflation to a record high among emerging nations. The government is facing election in next 14 months and is expected to face an uphill battle to lower spending and fiscal deficit.
Feb 07, 2013 11:22 AM ET
Stocks in New York traded lower after market sentiment veered towards consolidation and latest earnings failed to spark interest. The dollar edged up and gold gained after central banks in Europe and U.K. held rates. Weekly unemployment claims fell in the last week.
Feb 07, 2013 10:35 AM ET
Cognizant fourth quarter net climbed 16%. Cigna net surged 49% and lifted outlook. Noble Energy net swung to $251 million profit. Sprint loss widened. Teradata net jumped 15% and New York Times net surged more than three-fold.
Feb 07, 2013 10:18 AM ET
European markets were generally steady after the central banks in Europe and U.K. left key rates unchanged. Spain completed its bond offering at higher yields but yields fell at French bond auction. Vodafone reiterated its earnings outlook.
Feb 07, 2013 9:49 AM ET
Banks rebounded after the European Central Bank left its reference rate unchanged at 0.75%. Burberry Group replaced chief operating and finance officers. Alcatel reported another loss and chief executive stepped down. Compass Group reported higher than expected increase in sales.
Feb 07, 2013 8:57 AM ET
The Nikkei index retreated from a 4-year high and the yen pared back some of the recent weaknesses as investors fear overextended rally may be vulnerable to more yen swings. Sony reported eight quarterly loss and Mazda soared on heavy volume on higher net estimate.