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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.

U.S. Movers: Big Lots, Guess, Hewlett-Packard, Synopsys

Mukesh Buch
23 Aug, 2012
New York City

Big Lots plunged 21% on a profit decline and the deep discount retailer lowered the outlook. Guess tumbled 19% as quarterly net dropped 45%. Hewlett-Packard declined on 7% after it reported the largest quarterly loss. Synopsys third quarter net jumped 45%.

U.S. Jobless Claims Rise, Global Slowdown Worries Persist

Arthi Gupta
23 Aug, 2012
New York City

U.S. indexes edged lower after jobless claims rose 4,000 to 372,000. Sony Mobile plans to slash 1,000 jobs and move headquarters from Sweden to Tokyo. Rockwood Holdings agreed to acquire Talison for C$724 million. Hewlett-Packard swung to quarterly loss.

Europe Movers: Ahold, Diaego, Fielmann, Kazakhmys

Arthi Gupta
23 Aug, 2012
New York City

Ahold second quarter net sales climbed 12%. Kazakhmys net plunged but Premier Oil earnings soared in the first-half. Diageo full-year net sales grew 8%.

Euro Zone Private Activity Drops, UK Mortgage Approvals Rise

Arthi Gupta
23 Aug, 2012
New York City

The European indexes turned lower after a downturn in euro zone economy extended into the seventh month in August. The German economy expanded in the second quarter. The UK mortgage approvals rose more than estimated in July.

Fed Members Show Urgency in Stimulus Measures, Home Sales Revive

Bikram Pandey
22 Aug, 2012
New York City

U.S. indexes hovered near the recent multi-year highs and investors digested the prospects of another round of Fed stimulus and improving existing home sales report. Many members of the rate setting committee prefer to act soon with additional stimulus unless the economy improves considerably.

Fuel Imports Drive Japan Trade Deficit Higher, Exports to EU Plunges

Marcus Jacob
22 Aug, 2012
New York City

Stocks in Tokyo traded lower for the second day and trade gap in July was the twelfth in the last nineteen months as Japan imports natural gas to power electricity generating plants. Exports to Western Europe plunged 28% and slowed to the U.S.

U.S. Movers: American Eagle, Chico

Mukesh Buch
22 Aug, 2012
New York City

American Eagle gained after the teen retailer offer higher third quarter guidance and Analog Devices profit declined 23%. Chico

BHP Net Drops 35% on Global Slowdown

Marcus Jacob
22 Aug, 2012
New York City

Australian stocks closed lower after the mining giant reported earnings that met expectations. BHP earnings in the fiscal year ending in June declined 35% on nearly flat revenues as the fall in base metal prices and iron ore trimmed record profits from a year ago. Woodside Petroleum net declined.

Wall Street Focuses on Japanese Deficit, Euro Weakens

Arthi Gupta
22 Aug, 2012
New York City

U.S. indexes edged lower after Japan reported larger-than-expected trade deficit. Health Care REIT agreed to acquire Sunrise Senior Living for $1.9 billion. Dell earnings fell 18% in the quarter.

Europe Movers: Addex, Delhaize, Heineken, Vestas

Arthi Gupta
22 Aug, 2012
New York City

BHP Billiton full year profit slumped 35% on weakness in commodity markets and industry wide cost pressure. Hochschild first-half net revenue fell 29%. Vestas swung to loss in the second quarter.

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