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Germany Raises

Arthi Gupta
07 Mar, 2012
New York City

European indexes edged higher after Germany sold

German Orders Drop 2.7%; Swiss Jobless Rate Flat

Arthi Gupta
07 Mar, 2012
New York City

German orders declined and industrial production was mixed in the euro area in January. Swiss jobless rate remained flat and Sweden recorded a budget surplus in February. The National Bank of Poland held key lending rate.

Sharp Drop in World Markets; S&P Falls 1.6%

Bikram Pandey
06 Mar, 2012
New York City

Global markets fell sharply and copper and crude oil declined after weak global economic data. European indexes drop more than 2.7% and the S&P 500 index dropped the most in three months. Anxieties were high in Europe as the deadline looms for the Greek private sector bond swap.

U.S. Movers: Dick

Mukesh Buch
06 Mar, 2012
New York City

Dick

UK Indexes Drop 1.4%; Home Prices, Retail Sales Fall

Arthi Gupta
06 Mar, 2012
New York City

The UK indexes dropped after retail sales, home prices and new car registrations fell in February. Michael Page plunged 6% after pre-tax profit fell in fiscal 2011.

Global Slowdown, Greece Weigh on U.S. Indexes; VeriFone Swings to Loss

Arthi Gupta
06 Mar, 2012
New York City

The U.S. indexes declined on the worries that a disorderly default on Greek bonds will do more harm if private investors fail to agree to debt swap terms. AmerisourceBergen agreed to buy World Courier Group for $520 million.

Nikkei Extends Losses; Miyaji, Japan Bridge Soar

Nigel Thomas
06 Mar, 2012
New York City

The benchmark Nikkei 225 index declined for the second day in a row. The makers of steel and machinery and shipping companies declined after China shifted its focus on consumption from domestic investment. Bridge makers soared.

Euro Area Economy Shrinks 0.3%; German Construction Slumps

Arthi Gupta
06 Mar, 2012
New York City

The OECD area inflation eased to a 10-month low in January. The euro area economy contracted in the fourth quarter. EU private sector productivity rose in February. Norwegian consumer sentiment improved in the first quarter.

Australian Rates on Hold; Index Falls 1.4%

Marcus Jacob
06 Mar, 2012
New York City

Australian stocks declined after the Reserve Bank of Australia left its key lending rate unchanged at 4.25% for the second month in a row. Resources linked stocks and banks led the decliners. Current account deficit increased in the fourth quarter.

European Indexes Lower, RWE Annual Net Falls

Arthi Gupta
06 Mar, 2012
New York City

European indexes declined after the euro zone economy contracted 0.3% in the fourth quarter. Daimler and Volkswagen reported record auto sales in February. Merck quarterly profit tripled.

World Markets Edge Lower, AIG to Trim AIA Stake

Bikram Pandey
05 Mar, 2012
New York City

Financial markets around the world and commodities declined after China lowered its economic growth outlook in the current year. BP Plc agreed to pay $7.8 billion to settle more than 100,000 claims related to Gulf of Mexico oil spill.

Nikkei in Tokyo Falls on Domestic Selling, Sanyo Housing Drops 6%

Nigel Thomas
05 Mar, 2012
New York City

Stocks in Tokyo traded lower after elevated oil prices dragged resource stocks and domestic investors sell stocks. However, China set the lowest economic growth target in eight years and increased defense spending by 11.2%. Sanyo Housing Dropped 6% on a public offering announcement.

Australian Stocks Fall on Weak Commodities, China Lowered Outlook

Marcus Jacob
05 Mar, 2012
New York City

Australian stocks eased and the private measures of inflation declined in February. Resource stocks and commodities prices were lower after China cut its economic outlook but estimated inflation at elevated level. Centro investors filed $200 million class action lawsuit.

U.S. Movers: Advanced Micro Devices, AIG, Superior Industries

Mukesh Buch
05 Mar, 2012
New York City

Advanced Micro Devices sells equity stake in GlobalFoundries Inc. AIG will sale of AIA Group Limited shares for $6 billion. Superior Industries fourth quarter net increased to $40.2 million.

UK Service Sector Activity Slows; Tesco to Create 20,000 Jobs

Arthi Gupta
05 Mar, 2012
New York City

The UK indexes declined after the government net reserves rose and service sector activity slowed in February. British industry group lowered the growth outlook for the current year. Tesco plans to add 20,000 new jobs in the UK over the next two years.

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