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Australian Dollar Gains, Second Annual Home Price Decline in 2012

Marcus Jacob
02 Jan, 2013
New York City

Australian markets traded higher and stocks gained on the first day of trading. The Aussie dollar gained against the U.S. dollar and Japanese yen after iron ore prices rose to a new 8-month high.

India Movers: Aurobindo, Bajaj Auto, Gitanjali, SBI, Vadilal

Mukesh Buch
02 Jan, 2013
New York City

Bajaj Auto declined after January unit sales rose 18% to 3,13,583 units. Hero Honda plunged 5% after third quarter net profit decreased 20%. NMDC rose 0.2% on third quarter net profit soared 81.4%.

U.S. Movers: ArcelorMittal, Avis Budget, Acadia Healthcare, Middleby

Mukesh Buch
02 Jan, 2013
New York City

Avis Budget agreed to acquire Zipcar for $500 million. Acadia Healthcare completed acquisitions of Behavioral Centers and AmiCare. Middleby agreed to buy Viking valued at $380 million in cash.

U.S. Movers: Brady, Cal-Maine, Duff & Phelps, LMI Aerospace

Mukesh Buch
31 Dec, 2012
New York City

Brady Corp. agreed to purchase Precision Dynamics for $300 million. Cal-Maine second quarter net declined 39%. Duff & Phelps agreed to be acquired by a consortium of funds including Carlyle Group. LMI Aerospace completed acquisition of Valent Aerostructures for $237 million.

Australian Index in Yearly Gain of 15%, Sundance Inches Closer to Takeover

Marcus Jacob
31 Dec, 2012
New York City

Australian markets eased on the last day of trading. For the year, the benchmark index gained 14.6%, the best annual increase since 2009. Sundance Resources inched closer in completing its $1.4 billion deal with China based Hanlong Group.

Volatile Fiscal Talks Yield No Accord, Duff & Phelps to go Private

Arthi Gupta
31 Dec, 2012
New York City

The U.S. indexes extend world markets slide after weekend discussions among lawmakers failed to produce budget accord after rounds of discussions. Duff & Phelps agreed to be acquired by a consortium for $665.5 million. Clean Harbors completed its acquisition of Safety-Kleen for $1.25 billion.

Hollande Tax Plan Rejected, EC Approves Dexia Resolution Plan

Arthi Gupta
31 Dec, 2012
New York City

The European indexes traded sideways on U.S. fiscal cliff worries. French reject higher tax proposals. The UK housing equity withdrawal was

World Markets Slide as Fiscal Cliff Looms

Bikram Pandey
28 Dec, 2012
New York City

U.S. indexes extended losses for the fifth day in a row as fiscal cliff is away three days. Market indexes dropped 1% as lawmakers gather for one last time to narrow budget differences. Crude oil price gained and base metal prices inched higher.

Washington Gridlock Drags Indexes for Fifth Day

Nichole Harper
28 Dec, 2012
New York City

U.S. stocks suffer broad losses after Washington gridlock showed no sign of easing. President Barack Obama and congressional leaders are gathering in the White House to avert fiscal cliff that could cut off jobless benefits and delay filing of tax returns for millions of people.

French Economic Growth Lowered to 0.1%, Spanish Retail Sales Fall

Nigel Thomas
28 Dec, 2012
New York City

UK store visits on Boxing Day barely increased 0.6%. French economic growth in the third quarter was lowered to 0.1%. Unemployed persons in France increased in November. Italy completed

Italy Sells

Barry Randall
28 Dec, 2012
New York City

European markets traded lower on the worries that the U.S. lawmakers are likely to miss a deadline to settle budget differences. Market indexes in Paris fell 1.4% and in Frankfurt declined 0.6%. Trading volume in the region fell sharply in the session.

Europe Movers: Atari, Bankia, KBC, Vinci

Nigel Thomas
28 Dec, 2012
New York City

Atari, the struggling game maker declined after it estimated fiscal year loss. Bankia, troubled Spanish bank, plunged 22% after it was removed the Spanish benchmark IBEX 35. Belgium based KBC Groep NV agreed to sell its stake in a bank in Slovenia. Vinci SA acquired Portugal controlled ANA.

U.S. Movers: Acorda, Duke Energy, Parexel, Porsche, Berkshire Partners

Mukesh Buch
28 Dec, 2012
New York City

Acorda completed the acquisition of Neuronex Inc. Parexel Intl. agreed to acquire Liquent, Inc. and lifted 2013 outlook. Porsche SE climbed after it won a hedge fund lawsuit. Berkshire Partners invests $2 billion and merge two telecom network providers.

Nikkei Closes 23% Higher in 2012, Best Gain Since 2005

Nigel Thomas
28 Dec, 2012
New York City

The Nikkei index surged 23% in 2012 and its first gain in three years and best annual gain since 2005. The yen declined 12% against the dollar on the hopes that the recently elected government will conduct aggressive stimulus policies and demand Bank of Japan to set 2% inflation target.

Resource Stocks Drive Australian Rally in Third Day

Marcus Jacob
28 Dec, 2012
New York City

Australian stocks extended gain for the third day in a row after resource stocks rallied for the second day. Iron ore prices traded at a 8-month high as demand from China rebounds. Australian dollar drops to a 2-month low.

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