May 08, 2013 11:29 AM ET
Stocks extended gains for the second day as earnings season reaches peak. After the close, Toshiba reported a 25% decline from its guidance in operating profit and Toyota Motor said operating net soared four-fold. NGK Spark Plug soared 7% on its outlook.
May 08, 2013 11:10 AM ET
Brenntag first quarter profit dropped 12% and Deutsche Telekom profit for the quarter jumped 4% to €564 million. ING Groep profit surged 147% to €1.80 billion. Sainsbury profit rose 3% £614 million and acquired remaining 50% in the bank stake from Lloyds.
May 08, 2013 10:45 AM ET
Australian index closed higher after China reported faster growth in imports that exports. Resource stocks led the market recovery. Rio Tinto said it is on track for its iron ore expansion plans.
May 08, 2013 10:06 AM ET
Corporation Bank net rose 1.2% and Dewan Housing net doubled. Glenmark net jumped 11% and Housing Development Finance net climbed 17%. Jubilant and KEC Intl reported quarterly loss. Ranbaxy net tumbled 90% and Shriram Transport net climbed 17%.
May 07, 2013 12:05 PM ET
European markets traded higher after German factory orders increased more than expected and earnings at Societe Generale, Commerzbank, HSBC and Allianz were ahead of expectations. German factory orders rose 2.2% in March. Portugal successfully sold long term bonds for the first-time in two years.
May 07, 2013 11:22 AM ET
U.S. market indexes extended world markets gains after German factory orders increased more than expected and indexes in Japan closed at a 5-year high and Australia unexpectedly lowered rates.
May 07, 2013 11:19 AM ET
Alleghany first quarter net and Cimarex net declined 15%. Directv net slipped 6% and Fossil first quarter net soared 24%. Perrigo net fell 3% and Rosetta Resources net climbed 140%. Towers Watson jumped 40%.
May 07, 2013 10:35 AM ET
Commerzbank said loss in the first quarter swung to €94 million. HSBC first quarter profit surged more than doubled to $6.35 billion. Hochtief agreed to sell airport division to investment board of Canada for €1.1 billion and net swung to €43.5 million profit.
May 07, 2013 10:10 AM ET
Stocks in Tokyo played a catch up and the Nikkei index soared 3.6% and closed above 14,000 for the first time since June 2008. Japan Steel Works soared 16% after Japanese company was awarded a nuclear plant order in Turkey.
May 07, 2013 9:33 AM ET
Reserve Bank of Australia unexpectedly lowered its official interest rate by 25 basis points to 2.75%. Four largest banks said they will pass the full rate cut to investors. Market indexes rebounded from the low of the day but still closed down for the day.