- Bikram Pandey
- 06 Apr, 2011
- New York City
U.S. stocks seesawed as gold and silver traded at 31-year highs. European markets rebounded after banks announced $18 billion of capital raising and on strong industrial orders in Germany. Mining stocks around the world rallied for the third day in a row as Japan struggles with Production delays.
- Marcus Jacob
- 06 Apr, 2011
- New York City
UK stocks advanced as commodities rose and mining sector stocks gained. UK industrial production increased 1.2% in February but manufacturing was flat on a monthly basis. Marks & Spencer rose after it reported lower than expected same store sales decline.
- Mukesh Buch
- 06 Apr, 2011
- New York City
Cephalon rejects unsolicited offer from Valeant Pharmaceuticals. DISH Network won auction for Blockbuster, Inc. valued $320 million. Genpact agreed to acquire Headstrong Corp for cash of $550 million. Monsanto second quarter net income surged 25% to $1.0 billion.
- Bikram Pandey
- 06 Apr, 2011
- New York City
U.S. stocks traded higher on economic optimism and robust merger activities. Resources linked stocks led the gainers after precious metals and crude oil advanced and the dollar weakened.
- Marcus Jacob
- 06 Apr, 2011
- New York City
European markets traded higher on the eve of rate decision tomorrow. Portugal completed the sale of 1 billion euros bonds at a yield of 5.9%. Switzerland inflation accelerated and German factory orders increased at a faster pace in February.
- Devan Biswas
- 06 Apr, 2011
- New York City
Trading sentiment in Mumbai turned sour after stocks gained nine of last twelve trading sessions. Inflation worries stoked the speculation of another rate hike on a rate decision meeting on May 3. Talwalkars plans to open 100 health clubs at a cost of $20 million. NTPC fourth quarter net soared 24%.
- Nigel Thomas
- 06 Apr, 2011
- New York City
Stocks in Tokyo declined for the second day this week as investors focused on the mounting production losses. Manufacturers are not able to take advantage of the lower yen. Automakers and trading companies were among the most actively traded stocks.
- Marcus Jacob
- 06 Apr, 2011
- New York City
Australian stocks edged higher as resource stocks gained. Xstrata confirmed the thermal coal contract with a Japanese utility at 8% higher price. Bras N Things, the lingerie retailer postponed its public offering. Record price in gold and silver lifted miners of precious metals.
- Bikram Pandey
- 05 Apr, 2011
- New York City
U.S. stocks struggle as the U.S. lawmakers and President Obama haggle over 2011 budget cuts as the government shutdown looms. Fed officials appear divided in its latest meeting about the bond purchase program and noted underlying inflation remained subdued.
- Mukesh Buch
- 05 Apr, 2011
- New York City
Diamond Foods agreed to acquire Pringles unit of P&G for $2.35 billion. KB Home first quarter revenues declined 25% and net loss widened to $114.5 million. Texas Instruments agreed to acquire National Semiconductor for $25 a share. Walgreen same store sales rose 3% in March.
- Marcus Jacob
- 05 Apr, 2011
- New York City
UK stocks edged lower as investors focused on rising debt stress in Europe. Amlin Plc estimated claims linked to Japan, Australia and New Zealand of
- Bikram Pandey
- 05 Apr, 2011
- New York City
U.S. stocks edge lower after China hiked bank reserve rate and investors in Europe sold bank stocks. National Semiconductor agreed to be acquired by Texas Instruments for $6.5 billion. Service industry expansion slows in March. Procter & Gamble agreed to sell its Pringles unit for $2.35 billion.
- Arjun Dave
- 05 Apr, 2011
- New York City
European markets traded lower after Portugal debt drifted closer to external bailout. A rating agency downgraded Portugal debt. European retail sales eased 0.1% in February. Banks in Portugal, Spain and Germany declined.
- Devan Biswas
- 05 Apr, 2011
- New York City
Stocks in Mumbai recovered from the losses of near 1% and closed down a fraction. The cross currents of higher crude oil prices and the expectations of higher earnings played out in the market. Sesa Goa soared after the Supreme Court lifted exports ban.
- Nigel Thomas
- 05 Apr, 2011
- New York City
Stocks in Japan declined as fresh worries arose concerning nuclear power plant. Fishery related stocks declined after Tepco dumped water with low radioactive contamination in Pacific Ocean. Automakers declined after Toyota joins Honda and Nissan in curtailing auto production.