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Market Update

Yields of Spain and Italy Rebound, UK Mortgage Approvals Rise

Arthi Gupta
25 Sep, 2012
New York City

The European indexes extended losses for the second day. Italy and Spain completed bond auctions today. UK mortgage approvals rose in August. Cairn Energy sold 8% stake in Cairn India for $910 million.

World Markets Consolidate Gains on Lingering Euro Zone Worries

Bikram Pandey
24 Sep, 2012
New York City

U.S. indexes were firm as attention in Europe shifts to a broader economic decline as France and Spain struggle to release budgets that meet the European Union guidelines and contain the widening unemployment. Yields on the U.S. Treasuries and prices of gold, copper and crude oil fell.

Toyota Resumes China Production, Demonstration Worries Japan

Nigel Thomas
24 Sep, 2012
New York City

The Nikkei index in Tokyo edged lower after international trading offered weak outlook and gathering storms on relationship with China. Toyota resumes production at all nine factories in China today. All Nippon Airways plans to order 11 Dreamiliners from Boeing at list price of $3.3 billion.

U.S. Movers: Black Diamond, Covidien, Kellogg, Lennar, TiVo

Mukesh Buch
24 Sep, 2012
New York City

Black Diamond agreed to acquire PIEPS Holding GmbH. Covidien to buy CNS Therapeutics for $100 million. Lennar net climbed on sales. TiVo settled its pending patent litigation with Verizon.

UK Household Finance Index Drops, RBS Plans More Staff Cuts

Arthi Gupta
24 Sep, 2012
New York City

The UK indexes slid after the household finance index dropped in September. Royal Bank of Scotland plans to slash 300 more jobs at its investment banking unit. A.G. Barr first half turnover rose 4.9% to

Wall Street Lower on German Data, Apple Sells 5 Million iPhone Devices

Arthi Gupta
24 Sep, 2012
New York City

U.S. indexes opened lower as the attention in the euro zone crisis shifted to Spain and France and German business confidence declined. Tomkins agreed to sell its air distribution division for $1.1 billion. Home builders Lennar and KB Home gained on quarterly results.

Australian Fiscal Deficit Below Estimates, Weak Resource Stocks

Marcus Jacob
24 Sep, 2012
New York City

Australian markets and dollar were on the defensive and the government reported smaller than expected final fiscal year budget deficit in the previous year. Resource stocks were on the decline after commodities prices fell in local trading.

Budgets from Spain and France in Focus as Sentiment Sours

Arthi Gupta
24 Sep, 2012
New York City

The European indexes edged lower ahead of draft budgets from Spain and France. Germany sold

German Confidence Declines, Dutch Economy Expands 0.2%

Arthi Gupta
24 Sep, 2012
New York City

German business sentiment declined for the fifth month in a row in September. Hungarian retail sales declined in July. The Dutch economy expanded in the second quarter. Italian non-EU deficit narrowed in August.

Europe Movers: Aryzta, Julius Baer, Syngenta, TNT Express

Arthi Gupta
24 Sep, 2012
New York City

Julius Baer plans to cut up to 880 jobs at overseas wealth management business of Merrill Lynch. Aryzta full year group revenue rose 8.5% to

World Markets Consolidate, Spain and Euro Zone in Focus

Bikram Pandey
21 Sep, 2012
New York City

World markets consolidate after solid advances in the last two weeks powered by moves from central banks. The S&P 500 index closed down for the first time in three weeks. Gold and oil rebounded. Glencore delays Xstrata merger plan. Japan Airlines sinks below its offer price.

Nikkei Rebounds, Japanese Companies Consider Leaving China

Nigel Thomas
21 Sep, 2012
New York City

Stocks rebounded in Tokyo after falling the most in three weeks as investors turned focus to domestic companies and defensive sectors. Sharp Corp surged 5% on reports that the company is in talks with Intel Corp. Japan Tobacco gained 3%.

New Record in UK Budget Deficit, Home Price Sentiment Rises

Arthi Gupta
21 Sep, 2012
New York City

The UK indexes dropped after the home price sentiment index rose in September and budget deficit surged to a new record in August. The Bank of England Governor Mervyn King forecasted slow recovery in the UK.

U.S. Movers: Cintas, Darden Restaurants, KB Home, Oracle, Tibco

Mukesh Buch
21 Sep, 2012
New York City

Cintas net jumped 12% and reiterated fiscal outlook. Darden Restaurants quarterly net was ahead of expectations. KB Home net swung to profit as sales jump. Oracle first quarter net climbed 11% to $2.03 billion. Rockwell updated fiscal 2013 views.

Origin Energy Estimates Gas Demand To Triple in Australia

Marcus Jacob
21 Sep, 2012
New York City

Australian stocks consolidated gains in the second week as commodities prices regain upward momentum. Premier Investments soared after fiscal 2012 net jumped 69%. Origin Energy forecasted natural gas demand to triple in the next five years.