May 03, 2013 10:15 AM ET
European markets gained more than 1% on the back of better than expected U.S. employment data. European Commission lowered its economic outlook for the euro zone and European Union economies and the region is expected to shrink economies for the second year in a row.
May 03, 2013 8:55 AM ET
Australian market indexes traded flat after the latest private survey on service industry showed a contraction at the fastest pace since December. Westpac Banking reported 10% jump in first-half earnings and declared one-time additional dividend of 10 cents a share.
May 03, 2013 8:31 AM ET
Ambuja Cements net tumbled jumped 56% and Alstom secured order from BHEL. AstraZeneca net loss narrowed. Blue Dart net climbed 43% and Bharti Airtel sell 5% stake to Qatar Foundation. Bajaj Corp net surged 44% and Honeywell net declined 8%.
May 02, 2013 12:25 PM ET
Stocks in New York traded higher after earnings were ahead of expectations and automakers reported best April sales since 2007. Ford sales surged 18% and General Motors and Chrysler sales increased 11% in April. Weekly jobless claims declined to the lowest since January 2008.
May 02, 2013 12:27 PM ET
Facebook first quarter net jumped 7% and GM net declined 14% but narrowed losses in Europe. Kellogg plunged 11% and Manulife net tumbled 56%. Murphy Oil net plunged 23% and MetLife net swung to $956 million profit. Visa second quarter net slid 2%.
May 02, 2013 10:49 AM ET
European markets pared losses but closed mixed after the European Central Bank lowered rate to 50 basis points. The widely expected rate cut is largely symbolic as companies in peripheral zone are likely to not see any benefits of the rate cut.
May 02, 2013 10:24 AM ET
British Sky Broadcasting said net income for the nine-month period increased 9% to £736 million. Inmarsat first-quarter profit plunged 38%. Sanofi first quarter net tumbled 45% to €1 billion.
May 02, 2013 9:56 AM ET
Stocks in Tokyo edged lower for the fourth day in a row, the longest decline since November, on global economic growth worries. Daiwa Securities reported largest quarterly profit in seven years. Tokyo Steel estimated higher sales in second half. Japanese automakers declined on weak U.S. sales.
May 02, 2013 9:22 AM ET
Australian markets traded lower after commodities prices eased on weak economic data from the U.S., China and euro zone. Australian building approvals plunged 5.5%, the largest monthly sales decline in eight months.
May 02, 2013 9:06 AM ET
Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.