Feb 13, 2013 10:20 AM ET
European markets traded higher despite the Bank of England Governor casting doubts on the recent market rally. Markets across the euro zone traded higher after factory output increase more than expected in December. The euro gained. BoE estimated above-target inflation for prolonged period.
Feb 13, 2013 9:00 AM ET
The benchmark index in Tokyo fell 1% after the yen inched higher on conflicting comments from G7 officials. The yen direction is setting the tone in stock market as investors forecast more weakness. Japan is set to release economic growth data tomorrow. Pioneer, Daikin, Gree and Mazda led decliners.
Feb 13, 2013 8:29 AM ET
Australian market indexes surged after Commonwealth Bank reported higher than expected profit and said it is on target to reach $7 billion for the year. Leighton swung to net profit and guided higher net in the current year. Stockton reported a loss.
Feb 13, 2013 7:53 AM ET
Chennai Petroleum third quarter net loss widened and Eicher Motors net declined 15%. Fortis Healthcare net climbed. HPCL net dropped 95% and Hindustan Copper net slipped 4%. IOC net surged 34% and NMDC net plunged 31%. Tata Steel net declined 26%.
Feb 12, 2013 10:23 AM ET
Avon fourth quarter net loss widened and Fossil net surged 28% as sales climbed. HCP fourth quarter net surged nearly three-fold and Level 3 net loss narrowed. Omnicom net jumped 18% and Coca-Cola net climbed 13%.
Feb 12, 2013 9:44 AM ET
Stocks in Tokyo closed higher and the yen resumed its slide as politicians and policymakers step up the drive to weaken the yen further. Automakers and electronics exporters were in focus. Isuzu and Nissan held annual outlook.
Feb 12, 2013 8:55 AM ET
Australian markets closed flat but the ASX index crossed 5,000 mark and the dollar continued its slide. The latest private survey of businesses indicated improving but soft conditions. The equipment maker Bradken reported higher than expected earnings.
Feb 12, 2013 8:22 AM ET
Britannia third quarter net climbed 11% and Jindal Steel & Power dropped 14%. Jaiprakash Associates net tumbled 64%. ONGC net dropped 18% and Oil India declined 7%. SAIL net declined 23% and Tata Power net swung to a net loss.
Feb 11, 2013 11:12 AM ET
Stocks and indexes on Wall Street traded lower after the broad S&P 500 index registered sixth weekly gain last week. President Obama is scheduled to release his legislative priorities on Tuesday. AMR and U.S. Air are likely to finalize their merger plans as early as next week.
Feb 11, 2013 10:27 AM ET
Royal Ahold agreed to sell 60% stake in the Swedish retailer ICA for $3.1 billion as the Dutch retailer shifts focus to domestic operations. Novo Nordisk plunged 12% after the U.S. drug regulator demanded more tests that could delay the insulin drug launch for years. Sanofi gained 4%.