- Bikram Pandey
- 09 Feb, 2011
- New York City
U.S. stock are heading lower in the early trading after the Dow rallied for the seven sessions in a row. London Stock Exchange Group agreed to merge with Canada based TMX Group. Fed Chairman Bernanke said unemployment is likely to remain high for some time.
- Devan Biswas
- 09 Feb, 2011
- New York City
European markets were on the defensive after mixed earnings in the region. PSA Peugeot Citroen said it will open a factory in India and sales rose 16% and earnings were ahead of previous estimate. LSE agreed to merge with Canada based TMX Group. Sanofi declined after it estimated lower net.
- Devan Biswas
- 09 Feb, 2011
- New York City
Stocks in Mumbai decline for the second day more than 1% and closed down 3% in two days. The inflation worries and slower economic growth has worried foreign and domestic investors. Auto sales in January soared 26% and Maruti Suzuki sales surged 14.7% in the month.
- Mukesh Buch
- 09 Feb, 2011
- New York City
Bharat Petroleum fell 2.1% after net profit plunged 50%. Everonn Education gained 4% after net profit rose 56%. Mahindra & Mahindra surged 4% and net profit soared 57%. Reliance Infrastructure slumped 19% and Reliance Communications dropped 14%.
- Nigel Thomas
- 09 Feb, 2011
- New York City
Stocks in Japan halted a three-day rally after China hiked rates and base metal prices declined. Toyota Motor Corp gained more than 5% after it lifted earnings outlook on Asia and emerging markets sales. Real estate developers fell after Tokyo office vacancy rose.
- Nigel Thomas
- 09 Feb, 2011
- New York City
Stocks in China region declined on the first of trading after a week long holiday. Resource stocks in Hong Kong and Shanghai fell tracking lower copper and gold prices. Real estate developers fell more than 2% on the worries that future rate hikes may affect asset prices.
- Marcus Jacob
- 09 Feb, 2011
- New York City
Australian stocks were lifted after Commonwealth Bank of Australia reported higher than expected earnings and declared dividend of $1.32 a share. Construction materials maker Boral soared as much as 7% after first half net rose 28%.
- Bikram Pandey
- 08 Feb, 2011
- New York City
U.S. indexes gaine and reache highs not seen in more than two years. The Dow extended gains for a seven session in a row. McDonald
- Marcus Jacob
- 08 Feb, 2011
- New York City
UK stocks edged higher and commodities traded mixed after China hiked interest rate for the third time in five months. UK retail sales rose at the fastest pace in ten months. Premier Foods agreed to sell its canned food business for
- Mukesh Buch
- 08 Feb, 2011
- New York City
Avon revenue increased 1% and net income declined 15% to $229.5 million. Entergy revenue rose to $2.53 billion and net fell to $228.3 million. Sara Lee revenue decreased 4% and net income rose to $880 million. Teva Pharmaceutical net sales rose 16% to $4.4 billion.
- Bikram Pandey
- 08 Feb, 2011
- New York City
U.S. indexes inched higher in early trading but international news dominated the sentiment. China lifted rates ahead of inflation report next week and European miners report sharply higher earnings. UBS AG reported first annual profit since 2006. The euro gained 0.5% to $1.365.
- Nigel Thomas
- 08 Feb, 2011
- New York City
ArcelorMittal traded at a six month high after the steel maker guided high profit in the current quarter and said it will increase output at its mines. Xstrata Plc, the largest coal exporter gained after it reported 86% increase in 2010 earnings but said growth will decline in the current year.
- Devan Biswas
- 08 Feb, 2011
- New York City
China increased benchmark interest rate for the third time since October as food prices increase and wage pressure build. China has increased 75 basis points in the last two years as global economies recover and inflation in Asia picks up momentum.
- Marcus Jacob
- 08 Feb, 2011
- New York City
European markets traded lower after Germany reported 1.5% decline industrial production in December and construction plunged 24%. UBS AG reported its first annual profit since 2008 and attracted net new assets. Xstrata Plc annual net soared 86%. ArcelorMittal guided higher quarterly net.
- Devan Biswas
- 08 Feb, 2011
- New York City
The benchmark index in India dropped 1.4% as investors worry another round of rate hike. Mixed earnings and selling from foreign investors also weighed on investor sentiment. Adani Power and Mundra SEZ earnings rose but Punj Lloyd reported net loss.