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Nikkei in Tokyo Advances on Central Bank Hopes

Nigel Thomas
27 Aug, 2012
New York City

Stocks in Tokyo rebounded on the hopes that the central banks in Europe and the U.S. will provide substantial new stimulus measures after political leaders in Europe failed to offer concrete steps in the near term. China focused companies declined after the latest profit estimate.

BHP Sells Uranium Project to Cameco, Australian Stocks Flat

Marcus Jacob
27 Aug, 2012
New York City

Stocks in Sydney traded in a tight range and closed lower as investors focused on international events. Spot gold price increased to a 4-month high. BHP agreed to sell the largest undeveloped uranium mine in Western Australia to Cameco for $430 million.

U.S. Movers: Apple, AOL, Donaldson, Hertz, IAC, Supervalu, Tiffany

Mukesh Buch
27 Aug, 2012
New York City

AOL Inc declared a special cash dividend and $600 million buyback plan. Hertz agreed to buy Dollar Thrifty for $2.3 billion. IAC acquired About.com valued $300 million from New York Times Company. Supervalu is looking for a buyer. Tiffany lowered fiscal outlook.

Hertz to Buy Dollar Thrifty, Apple Wins Round One Against Samsung

Arthi Gupta
27 Aug, 2012
New York City

U.S. indexes traded higher ahead of Fed Chairman Bernanke speech. A California jury awarded $1 billion to Apple Inc in a patent lawsuit against Samsung that may be trimmed on the appeal. Hertz agreed to acquire Dollar Thrifty for $2.3 billion and Deltek agreed to go private for $1.1 billion.

German Sentiment Declines, Samsung Acquires 3% Stake in ASML

Arthi Gupta
27 Aug, 2012
New York City

The European indexes gained on central bank optimism. UK home prices fell and German business confidence weakened in August. Euro zone economic activity remained unchanged in July. Samsung agreed to invest

Wall Street Halts Six-Week Rally as Questions Loom on Global Economy

Bikram Pandey
24 Aug, 2012
New York City

World markets completed a tumultuous week of trading on a higher note but for the week indexes on Wall Street declined. Markets halted a six-week long rally as every day economic indicators in the U.S., Europe, China and Australia pointed weakening backdrop.

Nikkei Halts 2-Week Rally on Export Worries

Nigel Thomas
24 Aug, 2012
New York City

Stocks in Tokyo traded lower and halted a two-week rally in market indexes as more signals emerge of the global slowdown. Investors took profit in thin trading as the prospects of immediate stimulus in Europe and the U.S. looked remote.

Raging Debate on Australian Mining Boom, First Decline in Woolworths Net

Marcus Jacob
24 Aug, 2012
New York City

Australian indexes halted a 5-week long rally after the debate about the durability of the mining boom intensified. RBA governor Stevens said mining companies have enough capital and it is too soon to declare the end of the boom. Iron ore prices fell below $100 level for the first time since 2009.

U.S. Movers: Aruba, Autodesk, Salesforce.com, Madison Square

Mukesh Buch
24 Aug, 2012
New York City

The communications network gear maker Aruba jumped 17% as sales advanced. Autodesk plunged after the software developer lowered outlook. Micros fourth quarter net surged 16%. Salesforce.com loss widened and offered weak guidance. Madison Square climbed.

Mixed Signals in U.S. Durable Orders, Euro Pauses

Arthi Gupta
24 Aug, 2012
New York City

U.S. market indexes are set to halt a six week long rally that lifted indexes to multi-year highs. The latest durable goods orders offered mixed picture of the U.S. economy with business spending waning. The euro zone tensions rose after leaders held firm and demanded Greece to meet its obligations.

Europe Movers: Agennix, Anglo American, Derby, Lonmin

Arthi Gupta
24 Aug, 2012
New York City

Agennix plans to cut its workforce by 55%. Aer Lingus urged shareholders to reject Ryanair''s offer. Anglo American forged a new partnership for Anglo American Sur.

Tensions Mount in Euro Zone, UK Economy Shrinks 0.5%

Arthi Gupta
24 Aug, 2012
New York City

The European indexes fell ahead of meeting of leaders of Germany and Greece. Spanish producer price inflation rose in July and the UK economy contracted 0.5% and business investment fell. Aer Lingus urged shareholders to reject the offer from Ryanair.

Worldwide Slowdown Grip Tightens, Global Markets Falter

Bikram Pandey
23 Aug, 2012
New York City

Wall Street joined the European markets and lowered the growth expectations and began wavering on the outcome of the latest round of talks in the euro zone after a string of weak economic data. Australian mining companies began to scale back megaprojects expansion plans on weakening commodities.

Volatile Nikkei in Thin Trading, Yen Gains

Nigel Thomas
23 Aug, 2012
New York City

Stocks in Tokyo recovered from the early loss in indexes of as much as 0.8% on the growing evidence of global economic slowdown after Chinese manufacturing contracted and the U.S. Fed weighed more stimulus. The yen strengthened.

Mining Boom Struggles in Australia, Qantas Reports First Loss in 17 Years

Marcus Jacob
23 Aug, 2012
New York City

Australian stocks were caught between weak international market sentiments and a growing consensus that the twelve year mining boom may have run out its course. Fortescue reported rising profit and held its earlier guidance for the iron ore industry. Qantas reported its first loss in 17 years.

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