China's stock market improvement could be jeopardized by a higher than expected inflation reading for January.
More than three quarters of U.S. company bosses think that the federal government did not do its part to effectively deal with the implications of the global economic crisis.
Asian shares struggled but the euro recovered on Thursday, as markets were left without a clear direction after Greek political leaders failed again to conclude a deal for a bailout package, which Athens needs to avoid a messy debt default.
The rupee fell on Thursday, weighed by dollar purchases by some state-owned banks, negative local equities and caution over prolonged Greek bailout discussions.
The BSE Sensex dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks.
Cognizant Technology Solutions has reported a net profit of $240 million for the fourth quarter ended December 2011. This is a 16.4 per cent increase over $206 million reported in the corresponding quarter of last year and 5.7 per cent increased sequentially.
China's annual inflation rate hit 4.5 percent in January, which is the highest level in three months, according to the official data released Thursday.
Cisco Systems Inc. (CISCO) has reported that its second quarter profit rose 43 percent from last year, helped by higher sales and better cost control.
Asian shares and the euro struggled Thursday, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.
Groupon Inc. reported quarterly earnings as a publicly traded company for the first time on Wednesday, posting a net loss of $42.7 million for the fourth quarter of 2011.
Japan's Nikkei average eased from a three-month high to trade below 9,000 Thursday amid uncertainty over the outcome of the Greek bailout talks.
A few months ago economists were all but certain the U.S. economy would slow sharply at the start of this year, with many warning that recession risks were growing.
Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.
Toyota Motor Corp. will add 400 jobs at its Indiana plant to produce the hybrid version of its Highlander sport-utility vehicle, shifting production of the SUV from Japan to the United States.
Several members of the production crew of Chrysler Group LLC's Halftime in America commercial starring Clint Eastwood also made art in support of President Barack Obama's 2008 presidential campaign.
Poland's economy is on a roll, averaging a 4.4 percent economic growth over the last 20 years, and investors are taking note: The nation's bonds have been easily outperforming those of Europe's traditional economic powerhouse, Germany.
Istanbul was ranked as the European city with the best prospects for 2012 by PricewaterhouseCooper and the Urban Land Institute, with German cities also on top.
The rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery.
The BSE Sensex ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services (TCS.NS) and Infosys Technologies (INFY.NS) and gains in index heavyweight Reliance Industries.
Inflation in China is expected to trend lower in January, which provides room for Beijing to stimulate the country's economy if the Euro area experiences a sharp recession. However, economists do not expect to see aggressive stimulus packages to be put in place as Beijing is looking to achieve a smooth leadership transition this year.
The top aftermarket NYSE gainers Tuesday were: Calix, Honda Motor Co, Computer Sciences, Belo Corp and HollyFrontier Corp. The top aftermarket NYSE losers: Teekay Tankers, Western Union, Lincoln National, Vishay Intertechnology and Knoll.
Indian stock markets opened on a positive note and continued to trade in the green on Wednesday supported by a bit of positive Asian cues, in spite of the uncertainty surrounding the Greek debt deal.
The top after-market NASDAQ gainers Tuesday were: Avid Technology, Buffalo Wild Wings, Guidance Software, Synchronoss Technologies, Cerner Corp, Glu Mobile, OpenTable, Oncothyreon, Smith Micro Software and Groupon, Inc.
European stocks opened on a positive note Wednesday, following gains on Wall Street overnight and in Asia on reports that Greece was close to reaching an agreement needed to qualify for a second bailout.
The BSE Sensex climbed 0.7 percent on Wednesday, led by energy conglomerate Reliance Industries and software services exporters Infosys and Tata Consultancy Services.
The continuing decline in earnings has mainly been attributed to currency fluctuations and the rising interest costs. Also, all the major mobile phone service providers in the country are engaged in a bitter tariff war.
BHP Billiton Ltd. (BHP), the world's biggest mining company, has announced that its financial first half profit fell 5.5 percent, which is the first decrease in two years for the firm that is affected by rising costs, production disruptions and falling commodity prices.
