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French Deficit Widens; Switzerland Growth Outlook Unchanged

Arthi Gupta
14 Jun, 2011
New York City

The OECD leading indicator remained unchanged in April. French current account deficit widened in April and Spanish inflation eased in May. Romanian jobless rate increased to 7.3% in 2010.

Australian Stocks Track Higher; QBE Net to Surge 60%

Marcus Jacob
14 Jun, 2011
New York City

Stocks in Australia closed higher after China reported strong economic data. QBE Insurance said first net profit is expected to increase as much as 60% on improved investment performance.

Mergers Drive U.S. Sentiment; Bond Yields of Spain, Portugal, Greece Rise

Bikram Pandey
13 Jun, 2011
New York City

U.S. stocks closed higher after losing for six weeks in a row and the S&P 500 index rebounded from the three-month low. European leaders haggled as Greek debt rating was cut to the lowest. Portuguese 10-year bond yield soar to a eleven year high. Oil gained and U.S. Treasuries declined a fraction.

U.S. Movers: Alliance One, Gerber Scientific, Transatlantic, VF Corp

Mukesh Buch
13 Jun, 2011
New York City

Alliance One swung to a quarterly net loss. Transatlantic signed merger agreement with Switzerland based Allied World Assurance Co. Holdings. V.F. Corp. signed merger agreement with Timberland Company for $2 billion. Wendy

UK Indexes Rise; Horizon Buys APR Energy for $855 Million

Arthi Gupta
13 Jun, 2011
New York City

The UK indexes edged higher. Horizon agreed to acquire Florida-based APR Energy for $855 million. The Bank of England Chief Economist Spencer Dale noted short and medium-term inflation expectations are more mixed than significantly de-anchored.

U.S. Indexes Gain; VF Acquires Timberland for $2 Billion

Arthi Gupta
13 Jun, 2011
New York City

U.S. indexes gained after a string of merger news lifted sentiment. VF agreed to buy Timberland for $43 per share. Wendy''s/Arby''s agreed to sell Arby''s to Roark Capital for $430 million. Honeywell acquired EMS Technologies for $491 million.

European Indexes Higher; Transatlantic, Allied World Assurance Ink Deal

Arthi Gupta
13 Jun, 2011
New York City

The European indexes traded higher after Glencore planned $19.5 billion takeover of Kazakhstan miner ENRC. Prada Hong Kong IPO estimated to raise $2.61 billion. Transatlantic inked deal with Allied World Assurance.

Italian Production Improves; Turkey Deficit Narrows

Arthi Gupta
13 Jun, 2011
New York City

Finland wages and salaries rose in April. Italian industrial production improved in April. Turkey''s current account deficit narrowed, industrial new orders, and turnover increased in April. Croatian retail sales increased in April.

Sensex Erases 0.6% Loss; Reliance Buys Bharti Stake of Insurance Venture

Devan Biswas
13 Jun, 2011
New York City

The benchmark index in Mumbai dropped as much as 0.7% on the weakness in international markets. Stocks recovered to erase all the losses at close. Reliance Industries agreed to acquire majority stake in insurance venture controlled by Bharti Enterprises.

Weak Machinery Orders Drive Japan Stocks Lower, Kansai Electric Falls

Marcus Jacob
13 Jun, 2011
New York City

Stocks in Japan declined after core machinery orders declined in April surprising many investors and analysts. Utilities are expected to follow Kansai Electric announcement to cut power consumption by 15% in the summer months.

U.S. Stocks in 6 Weeks of Losses; For the Year Indexes Flat

Bikram Pandey
10 Jun, 2011
New York City

U.S. indexes closed sharply lower on the anxieties related to economic worries. The Dow and S&P 500 declined more than 1% and fell for the sixth week in a row and the Nasdaq dropped 1.5% and declined for the fifth in the last six weeks. Saudi Arabia said it is prepared to increase oil output.

U.S. Movers: Air Products, Brown-Forman, lululemon, RealD, Toyota

Mukesh Buch
10 Jun, 2011
New York City

Air Products targets total revenues of more than $15 billion in 2015. Brown-Forman fourth quarter net income surged 128% to $165.4 million. lululemon first quarter net income surged 70.3% to $33.37 million. Toyota estimates fiscal year 2012 net income to drop 31% to 280 billion yen.

UK Production Falls 1.5%; Output Price Inflation Falls to 5.3%

Arthi Gupta
10 Jun, 2011
New York City

The UK indexes declined after industrial production fell more than estimated and manufacturing output dropped in April. The UK output price inflation slowed to 5.3% annually in May. Irish manufacturing output improved in April.

U.S. Import Prices Rise 0.2%; Indexes Down

Arthi Gupta
10 Jun, 2011
New York City

The U.S. indexes traded lower after disappointing global economic data. U.S. import prices rose 0.2% in May. Avaya filed for IPO of $1 billion. Private equity firms KKR and TPG withdrew bid for Nokia Siemens. Qualcomm agreed to acquire the assets of Rapid Bridge.

Nikkei in 4-day Advance; Toyota Estimates 31% Fall in Net

Nigel Thomas
10 Jun, 2011
New York City

The benchmark index in Tokyo close higher for the fourth day in a row. Toyota estimated current fiscal year sales to declined 2% and unit sales to drop to 7.24 million and net profit to slump 31%.

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