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Wall Street Shakes off Early Losses on China Worries

Nichole Harper
04 Mar, 2013
New York City

Stocks in New York rebounded after market indexes dropped as much as 0.4%. On Wall Street stocks extended world market losses after China issued tighter lending guidelines to curb rising property prices.

Nikkei Rebound in Tokyo Touch a New 4-Year High

Hiruki Nakamura
04 Mar, 2013
New York City

Stocks in Tokyo traded higher after the Bank of Japan chief nominee said he favors forceful monetary steps and he is prepared to accelerate asset purchase program as early as this year.Futures trade was suspended in the afternoon on technical problems.

U.S. Movers: Schulman, Arena, Hess, Tech Data

Mukesh Buch
04 Mar, 2013
New York City

Schulman offered to buy Ferro valued $855 million. Arena fourth quarter net loss narrowed and Boyd Gaming net loss widened. Hess plans to sell its retail and refining and processing businesses. Tech Data fourth quarter net climbed 52%.

Europe Movers: Amlin, Debenhams, HSBC, Repsol

Nigel Thomas
04 Mar, 2013
New York City

Amlin fiscal net swung to

China Slowdown Worries Drag Australian Stocks and Dollar

Marcus Jacob
04 Mar, 2013
New York City

Australian stocks declined sharply after building permits declined for the second month in a row and China said it plans to tighten lending to curb property speculation. Dollar and commodities linked companies dropped.

India Movers: Ashok Leyland, Bajaj, Bharti, Goodyear, Hero, Tata Motors

Mukesh Buch
04 Mar, 2013
New York City

Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.

U.S. Personal Income Falls 3.6%, Manufacturing Growth Picks Up

Nichole Harper
01 Mar, 2013
New York City

U.S. stocks traded sideways after personal income in January declined 3.6% and spending rose 0.2%. The payroll tax rate cut expiry and higher tax for wealthy had limited impact on the spending. U.S. manufacturing expanded at a faster rate in February.

Nikkei Rebounds, Third Monthly CPI Decline in Japan

Hiruki Nakamura
01 Mar, 2013
New York City

Nikkei index in Tokyo rebounded from the loss of 0.8% to close up 0.4%. Bank of Japan may announce more monetary steps at its first meeting in April after consumer prices declined for the third month in a row.

U.S. Movers: Best Buy, Domino

Mukesh Buch
01 Mar, 2013
New York City

Best Buy fourth quarter net loss narrowed and Domino

Australian Stocks Fall, Dollar at Yearly Low

Marcus Jacob
01 Mar, 2013
New York City

Australian stocks and dollar declined as investors worried about the global market conditions after the U.S. automatic spending cuts kick in on Friday midnight.

India Movers: Clariant, Federal-Mogul, MphasiS, M&M, Maruti, Suzlon

Mukesh Buch
01 Mar, 2013
New York City

Apax sold in two days 7.5% stake in Apollo Hospital. Clariant fourth quarter net declined 23% and MphasiS net rose 1.2%. M&M auto sales jumped 11% and Maruti Suzuki sales fell 7.9% in February. Shri Lakshmi Cotsyn net swung to loss and Value net loss widened.

Europe Movers: Lloyds Loss Narrows, William Hill Profit Surges

Nigel Thomas
01 Mar, 2013
New York City

Belgacom fiscal net declined 6% and Lloyds net loss for the year narrowed. Thales net for the year jumped 5% and William Hill profit surged 58% and agreed to pay

U.S. Economic Growth Revised to 0.1%, Consumer Spending at 2.1% Rate

Nichole Harper
28 Feb, 2013
New York City

Stocks in early trading searched for direction after economic growth was revised to 0.1% increase. Consumer spending increased as 2.1% annual rate and residential construction growth was revised to 17.5%. Weekly jobless claims declined. Lawmakers struggle to avoid $85 billion cuts in spending.

Nikkei Surges 2.7%, Industrial Production Rises 1%

Hiruki Nakamura
28 Feb, 2013
New York City

Stocks in Japan closed higher after global market worries eased. The yen held above 92 ahead of central bank chief appointment tomorrow. Industrial production increased 1% in January from December.

U.S. Movers: Groupon, J. C. Penney, Kohl

Mukesh Buch
28 Feb, 2013
New York City

Ansys fourth quarter net soared 18% and Chico

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