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European Indexes Lower; France Telecom Net Drops 20%

Arthi Gupta
22 Feb, 2012
New York City

European markets edged lower after private sector contracted unexpectedly in February. Shell offered to acquire Cove Energy for $1.6 billion. Wells Fargo agreed to buy energy lending business of BNP Paribas.

Greek Bailout Lifts Gold, Silver; Oil Surges to 9-month High

Bikram Pandey
21 Feb, 2012
New York City

After another round of marathons talks, European leaders approved the second tranche of Greek bailout but with stricter conditions and supervisions. Indexes in New York traded sideways and oil jumped to a nine-month high and the Dow, once widely followed, crossed the high last seen in 2008.

UK Government Borrowing Rises; Croda Net Rises 26%

Arthi Gupta
21 Feb, 2012
New York City

The UK indexes dropped from the seven-month high as investors digest the details of Greek agreement with troika. The UK public sector net borrowing needs declined in January. Croda International fiscal 2011 sales rose 6.6%.

U.S. Indexes Advance; Wal-Mart Net Falls 15%

Arthi Gupta
21 Feb, 2012
New York City

The U.S. indexes gained after European leaders approved the second bailout package for Greece. Canada-based Fortis agreed to acquire CH Energy for $1.5 billion. URS agreed to purchase Flint Energy Services for C$1.25 billion.

Nikkei Falls From 6-month High; Mazda Plunges 10%, DeNA Rises 8%

Nigel Thomas
21 Feb, 2012
New York City

Stocks in Japan rested after rising for seven sessions in a row. Mazda Corp plunged 10% after the company is looking to raise capital from stock and debt sale. DeNA Corp gained after it struck an agreement to expand in Korea.

Spain Raises

Arthi Gupta
21 Feb, 2012
New York City

Spain auctioned

Greece Wins Full Second Bailout at Lower Rates

Arthi Gupta
21 Feb, 2012
New York City

European leaders, the IMF and the ECB approved the second large bailout to Greece that will increase the losses to private bond holders, force Greece to cut more spending and offer loans at lower rates. European markets edged lower from the seven-month high.

UK Home Prices Rise; Bank of Ireland Swings to Profit

Arthi Gupta
20 Feb, 2012
New York City

The UK indexes advanced after China eased bank reserves and trading sentiment was positive on the prospect of Greek bailout agreement today. The UK home prices rose in February and mortgage lending gained in January. The Bank of Ireland swung to profit in fiscal year 2011.

Nikkei in Tokyo Rises 1.1% After China Easing

Nigel Thomas
20 Feb, 2012
New York City

Japanese stocks gained on the improved sentiment ahead of the euro zone ministers meeting in Brussels today. Trading sentiment was stronger in the morning after China lowered its bank reserve ratio to stimulate more lending.

German Economic Outlook Improved; French Sentiment Stable

Arthi Gupta
20 Feb, 2012
New York City

The Bundesbank lifted German economic outlook. French business confidence remained unchanged in February. Italian and Greek industrial orders fell in December and Inflation in Finland rose in January.

Australian Index Rebounds 1.4%; Amcor, Billabong, BlueScope in Focus

Marcus Jacob
20 Feb, 2012
New York City

Australian stocks gained after commodities gained and earnings release from several companies. Amcor said its first half core earnings increased 13.9%. BlueScope reported ten-fold increase in first half to December. Billabong jumped 8% after a leveraged buyout group made a highly conditional offer.

Australian Stocks in 3-day Rally; Borat, Downer, Monadelphous Rise

Marcus Jacob
21 Feb, 2012
New York City

Australian stocks closed higher for the third day in a row as resource stocks led the gainers. Strong earnings from Downer EDI, Monadelphous Group, iiNet Limited and Borat Longyear lifted the confidence.

European Indexes Higher Ahead of Greek Decision; TNT Rejects UPS Bid

Arthi Gupta
20 Feb, 2012
New York City

European indexes gained on optimism that euro area leaders will sanction the entire

Emerging Markets Lead World Rally

Bikram Pandey
17 Feb, 2012
New York City

World markets continued their weekly advance after markets in Europe joined the rising markets in Americas and in Asia. For the year so far, emerging markets have attracted $19 billion in new capital. For the year the S&P index is up 8% and markets in Asia advance double digits.

U.S. Markets Hold Firm; Greek Negotiations in View

Nichole Harper
17 Feb, 2012
New York City

U.S. stocks struggled and investors focused on the progress on the Greek bailout negotiations. Consumer price index increased 0.2% in January matching the gain in December. H.J. Heinz and Campbell Soup gained on better than expected quarterly results.

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