Mar 14, 2013 7:40 AM ET
Australian stocks fell sharply on the rising worries that iron prices may dip to new lows and banks are trading ahead of fundamentals. Iron ore prices declined to $139 a ton. Aurizon, freight railroad operator secured a coal transportation contract with Xstrata.
Mar 13, 2013 12:36 PM ET
European markets traded lower after factory output in the currency union fell more than expected 0.4% in January. Italy fell short of its estimated maximum target of bond sale today as yield rose the most since December.
Mar 13, 2013 12:00 PM ET
Economists lifted economic growth projections after retail sales increased at the fastest pace in five months in February and business inventories rose the most in a year and a half in January. Energy stocks were in focus in New York trading.
Mar 13, 2013 10:58 AM ET
Dole Food fourth quarter net swung to $210 million loss and Elbit Systems net swung to $57.2 million profit. Express fourth quarter net jumped 6% and Kronos Worldwide net swung to loss. Spectrum Pharmaceuticals tumbled on weak outlook for 2013.
Mar 13, 2013 10:49 AM ET
Japanese stock markets traded sideways as indexes consolidate after a rally of 43% in the last six months. Toyota and several Japanese companies announced higher bonuses as the financial year nears end. International investors are still adding net new equity positions in Japan.
Mar 13, 2013 10:13 AM ET
HSBC said 2012 net profit dropped 15% to $15.33 billion. Prudential net jumped 55% to £2.20 billion. Thomas Cook steps up restructuring programs to save £50 million. Tesco agreed to buy restaurant chain Giraffe for £48.6 million.
Mar 13, 2013 10:04 AM ET
Australian stocks rested after investors sold mining stocks and worried about the valuation of four largest banks. The dollar was firm against the U.S. dollar and Japanese yen. BHP is facing a U.S. anti-corruption inquiry for its practices at the time of Beijing Olympics.
Mar 13, 2013 9:00 AM ET
Bank of Baroda raised $170 million from the Government of India. Jet Airways sold parking slots in Brussels. L&T agreed to sell its stake in a joint venture to Komatsu. Tata Steel agreed to take 51% for $300 million in Canada based Labrador Iron Mines.
Mar 12, 2013 12:23 PM ET
Market indexes across the currency zone closed mixed with a negative bias after France said it is likely to miss its deficit and growth targets. Spain said it plans to sell bonds in unscheduled auctions this week. Italy placed 7.75 billion euros of one-year debt at yield of 1.28%.
Mar 12, 2013 11:52 AM ET
Market indexes in New York traded slightly higher as the S&P 500 index inched closer to its all-time high. U.S. Treasury is scheduled to sell $32 billion of debt today and Italy attracted more than expected demand for its bond auction but at a higher yield.