- Devan Biswas
- 01 Apr, 2011
- New York City
Mumbai stocks edged lower after rallying for eight days. Exports soared 50% in February and imports gained 21% and trade deficit hovered near $99 billion. Sharp upswing in exports was driven by higher sales of gems and jewelry and petroleum products.
- Nigel Thomas
- 01 Apr, 2011
- New York City
Stocks in Japan struggled to hold early gains and confidence index dropped in a quarterly survey. Toto Ltd declined after it lowered full-year earnings outlook. Tokyo Electric Power dropped 3.7% in a volatile trading.
- Marcus Jacob
- 01 Apr, 2011
- New York City
Australian stocks closed higher tracking gains in the commodities prices. Xstrata signed an annual contract to sell coal to Japanese utility at 13% higher price of $129.80 a ton. Biota won a five-year contract to supply flu drug to the U.S. for $231 million.
- Bikram Pandey
- 31 Mar, 2011
- New York City
U.S. indexes traded sideways after weekly jobless claims declined. For the quarter the Dow added 6.6%, S&P 500 index increased 5.6% and the Nasdaq gained 4.7%. Oil soared 17% and gold gained 1.3%. In Europe, French budget deficit was lower than expected but debt to GDP ratio hovered near Spain
- Mukesh Buch
- 31 Mar, 2011
- New York City
Acuity Brands second quarter net income surged to $19.9 million. CarMax fourth quarter net earnings rose 19% to $89.5 million. Cybex reported fourth quarter net loss of $57.1 million. PepsiCo estimates fiscal year 2011 earnings per share growth of 7% to 8% to $4.13 billion in 2010.
- Arthi Gupta
- 31 Mar, 2011
- New York City
The UK indexes gained after home prices rose in March. Ireland trade surplus fell in January. Taylor Wimpey agreed to sell North American business for $955 million. Vodafone paid $5 billion to buy Essar Stake in JV.
- Arthi Gupta
- 31 Mar, 2011
- New York City
U.S. indexes traded sideways after weekly jobless claims fell 6,000 to 388,000. SunTrust completed repurchase of $3.50 billion of preferred stock under TARP. CarMax quarterly earnings rose boosted by used vehicle unit sales.
- Arthi Gupta
- 31 Mar, 2011
- New York City
The European indexes declined after inflation rose to 2.6% in March. Infineon planned to invest $160 million in Malaysian expansion. Inmarsat agreed to acquire Norway-based Ship Equip International A.S. for $159.5 million.
- Arthi Gupta
- 31 Mar, 2011
- New York City
Euro-zone annual inflation rose in March. French and Italian producer price inflation climbed in February. German unemployment declined more than estimated in March and retail sales fell in February. Danish jobless rate dropped in February.
- Devan Biswas
- 31 Mar, 2011
- New York City
Stocks in Mumbai gained for the eight day in a row after foreign investors ratchet up deals. NTT DoCoMo Inc agreed to invest $180 million, Vodafone Group paid $5 billion to Essar Group to increase its stake in Vodafone India and International Paper acquired 54% stake in Andhra Pradesh Paper Mills.
- Marcus Jacob
- 31 Mar, 2011
- New York City
Australian stocks closed higher after retail sales in February increased 2.3% from a year ago on a rise in department stores sales and food sales. However, home construction approvals declined 7.4% in February. Total credit to private sector increased 0.5% in February from banks.
- Bikram Pandey
- 30 Mar, 2011
- New York City
U.S. stocks advanced for the sixth day in last seven days of trading and crude oil eased. The Dow and the S&P 500 indexes are hovering near the highs last seen in mid-2008 and the tech heavy Nasdaq rose to the high last seen in November 207. China based Qihoo 360 doubled on the first day of trading.
- Mukesh Buch
- 30 Mar, 2011
- New York City
Cephalon received proposal from Valeant Pharmaceuticals valued approximately $5.7 billion. Family Dollar second quarter net income grew 9.8% to $123.18 million. Apollo Global Management declined on the first day of trading. Qihoo 360 Technology more than doubled on its debut.
- Arthi Gupta
- 30 Mar, 2011
- New York City
The UK indexes edged higher after retail sales rose in March and services index climbed in January. Tullow sold one-third interest in Uganda oil field for $2.9 billion. Dixons plunged after lowering its earnings estimate for fiscal 2011.