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Europe Movers: Lufthansa, Peugeot, Fiat, BAE Systems

Arthi Gupta
10 Oct, 2012
New York City

BAE Systems and EADS decided to terminate their merger discussions on political obstacles and the prospect of losing defense business in the U.S. Lufthansa passenger traffic rose in September.

German Wholesale Inflation Soars 4.2%, Italian Production Falls 5.2%

Arthi Gupta
10 Oct, 2012
New York City

German wholesale price inflation soared in September. French output rose, Italian production declined but production in Greece rebounded in August.

World Markets Slide after IMF Sounds Global Recession Risk Alarm

Barry Randall
09 Oct, 2012
New York City

Financial markets across the Atlantic turned cautious after the IMF lowered its global outlook and raised the prospect of a global recession. South African Rand drops to a 3-year low and Iran struggles to stabilize its devastated currency.

UK Output Declines, Deficit Widens

Arthi Gupta
09 Oct, 2012
New York City

The UK indexes fell after manufacturing output declined and trade deficit widened in August. SSE completed the acquisition of Endesa Ireland for

IMF Lowers Global Growth Outlook, Indexes Decline

Arthi Gupta
09 Oct, 2012
New York City

U.S. indexes declined after the IMF lowered global growth outlook. Principal Financial agreed to acquire Chile-based pension company Cuprum for $1.5 billion. Spectrum Brands agreed to acquire Stanley Black & Decker unit for $1.4 billion.

European Indexes Sideways, ESM Launched

Arthi Gupta
09 Oct, 2012
New York City

The European indexes traded sideways and the IMF raised the prospect of recession in the euro zone to 80%. German Chancellor Angela Merkel faces widespread protests in Athens. The ECB President Draghi estimated weak economic activity in the euro zone.

Europe Movers: Givaudan, Julius Baer, Rio Tinto, Barclays

Arthi Gupta
09 Oct, 2012
New York City

Givaudan third quarter sales climbed 14.4% to Sfr1.1 billion. Julius Baer plans to slash additional 1,000 jobs as it merges international arm of wealth management of Merrill Lynch. Rio Tinto turned cautious on the outlook over the next few quarters.

German Manufacturing Flat, French Deficit Widens

Arthi Gupta
09 Oct, 2012
New York City

German manufacturing turnover remained unchanged and French deficit widened in August. Greek inflation eased in September.

World Markets Shift Attention to Spain, 5-Year Anniversary in Index Records

Barry Randall
08 Oct, 2012
New York City

Financial markets in New York closed flat with a negative bias as the attention shifted to Spain and the euro zone. World Bank lowered growth estimates for developing nations in Asia. Stock market marked the five-year anniversary for the record highs in the Dow and the S&P 500.