Asian Markets Fall Amid Greek Political Concerns
Asian markets fell Monday as concerns surrounding Greece exiting the euro zone and German Chancellor Angela Merkel's party losing the state election dampened sentiments.
India April Inflation Rises To 7.23%
India's inflation rose unexpectedly in April compared to last year denting prospects further loosening the monetary policy to regain the economic growth momentum.
Weekly Roundup: Asian Stocks Slide On Greece Concerns, Weak China Data
Asian markets fell at week's end as Greece's inability to form a government, uninspiring Chinese industrial output growth and JPMorgan's trading losses affected investor sentiment.
Hong Kong Q1 GDP Growth Slows As Exports Decline
Hong Kong's economy slowed down in the first quarter compared to the last quarter of the previous year as exports dipped with soft global demand.
Pre-Market Movers (Pluristem, Mechel, Zynga, JPMorgan Chase, Citigroup, Morgan Stanley, Apartment Investment and Management)
The companies whose shares are moving in pre-market trading on Friday are: Pluristem Therapeutics Inc, Mechel OAO, Zynga Inc, JPMorgan Chase & Co, Citigroup Inc, Morgan Stanley and Apartment Investment and Management Co.
Asian Markets Fall Amid JP Morgan Loss, Weak China Data And Euro Zone Concerns
Asian markets fell on Friday as concerns surrounding Greece, weak industrial output growth in China and JP Morgan's trading loss dampened sentiments.
China Inflation Rate Slows To 3.4% In April
China's inflation rate slowed in April from the previous month, showing signs that the price pressure is gradually diminishing to make room for monetary easing.
Pre-Market Movers (AEG, STD, ANR, CSCO, CGV, ARNA, UL)
The companies whose shares are moving in pre-market trade Thursday are: Aegon N.V., Banco Santander, Alpha Natural Resources, Cisco Systems, CGG Veritas, Arena Pharmaceuticals Inc and Unilever plc.
Sony Reports Record Loss, But Forecasts A Return To Profit
Consumer electronics and entertainment giant Sony Corp reported Thursday a record net loss for the fiscal year ended March but pinned hopes on a restructuring strategy to return to profit this year.
Asian Markets Fall On Weak Chinese Data, Europe Concerns
Asian markets fell Thursday as weak exports data from China and concerns surrounding Greece and Spain dampened sentiments.
China?s April Trade Surplus Widens On Weak Imports
China reported Thursday a rise in trade surplus to $18.4 billion in April from $5.35 billion in March amid continued weakness in exports caused by economic crises in overseas markets.
Pre-market Movers (DMD, ARNA, FOSL, STD, XCO, F, NEM)
The companies whose shares are moving in pre-market trade Wednesday are Demand Media Inc, Arena Pharmaceuticals Inc, Fossil Inc, Banco Santander, EXCO Resources Inc, Ford Motor Company and Newmont Mining.
Toyota Profit Climbs Amid Improving US Market
Japanese automaker Toyota Motor Corp said Wednesday that its net profit for the three months ending March 31 surged five times compared to a year earlier as the car market picked up in the US.
Asian Markets Fall On Continuing Uncertainty In Greece
Asian markets fell Wednesday as concerns over the future of Greece in the Eurozone and the looming debt crisis rose.
Toshiba Q4 Net Profit Down 63%; Recovery Expected This Year
Japanese technology conglomerate Toshiba Corp said Tuesday that its net profit for the three months ending March 31 declined 63 percent from a year earlier on a strong yen and weak global sales of digital products.
Myanmar?s Economy Set For Growth But Needs Reforms, Says IMF
Myanmar can post six percent economic growth next year if the right reform steps are taken by the government, the International Monetary Fund (IMF) has said.
Cognizant Cuts Forecast, India?s IT Outsourcing Industry Under Pressure
Cognizant Technology Solutions Corp has lowered its full-year forecast due to a slowdown in demand for IT outsourcing.
Asian Markets Slump On Europe Election Results
Asian stock markets declined Monday after election results from Greece and France fueled concerns about Europe reviving the debt crisis.
Indonesia?s Q1 GDP Growth Slows To 6.3%
Indonesia's economic growth slowed down in the first quarter compared to the last quarter as exports and investment remained weak due to soft global demand.
Oil Prices Fall After French, Greek Elections
Oil prices fell Monday to add to the sharp decline in the previous session as French and Greek election results raised doubts about those countries' commitment to the austerity measures to sort out Eurozone debt crisis.
Pre-Market Movers (DGI, LNKD, VE, DB, DOW, NRF, SDRL, AIG)
The companies whose shares are moving in pre-market trade Friday are: DigitalGlobe Inc, Linkedin Corporation, Veolia Environnement, Deutsche Bank, The Dow Chemical Company, Northstar Realty Finance Corp and Seadrill Ltd American International Group Inc.
Asian Shares Fall On Negative ECB Outlook, Weak ISM Report
Asian markets were down Friday as more negative outlook by European Central Bank president Mario Draghi and weaker-than-expected US Institute for Supply Management non-manufacturing report weighed on investor sentiments.
Property Tycoon Arrested In Hong Kong Bribery Probe
Hong Kong's Sun Hung Kai Properties Ltd (0016.HK) said Friday that its former chairman Walter Kwok was arrested Thursday night by the Independent Commission Against Corruption in connection with corruption charges.
BNP Paribas Q1 Profit Rises 9.6%
French bank BNP Paribas SA (BNP.FR) reported Friday 9.6 percent rise in profits in the first quarter from a year ago, boosted by the sale of more than half of its stake in real estate firm Klepierre.
Temasek Sells $2.48 billion Stake In Bank Of China And China Construction Bank
Temasek Holdings, the Singapore state-owned investment group sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corporation as profit growth in banks is decreasing with tighter controls on lending in the country.
BMW Q1 Earnings Rise 19% On Surging China Sales
BMW, the world?s largest maker of luxury vehicles, reported Thursday 19 percent rise in earnings in first quarter compared to the same period last year.
In Beijing, Geithner Repeats Call For Stronger Yuan
US Treasury Secretary Timothy Geithner said Thursday that China should allow its currency to increase in value against the dollar to support the reforms in the country's financial system.
India?s Manufacturing Activity Improved In April: HSBC PMI
India's manufacturing activity improved in April compared to previous month, according to the HSBC flash Purchasing Managers Index (PMI) released Wednesday.
UBS Q1 Profit Declines 54% On Debt Charges
Swiss banking giant UBS reported on Wednesday that its profit for the first quarter declined 54 percent from the same period last year after being affected by charges on its debt.
China Manufacturing Activity Grows In April But Contraction Persists: HSBC PMI
China?s manufacturing activity improved in April compared to March but continued to contract for the sixth straight month, according to the final HSBC flash Purchasing Managers Index (PMI) released Wednesday.