- Marcus Jacob
- 01 Feb, 2011
- New York City
Stocks in Mumbai continued to correct as inflation worries and rising crude oil prices lead foreign investors to sell. The latest private survey of manufacturing indicated that manufacturing expanded for the twenty second month in a row but at a slower pace in January. December exports rose 36.4%.
- Chandrasekhar Atreya
- 27 Jan, 2011
- New York City
Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche
- Chandrasekhar Atreya
- 27 Jan, 2011
- New York City
Japanese stocks closed higher ahead of earning outlook and U.S. economy. Trade surplus surges 153.4% to 6.77 trillion yen in 2010. Canon Inc full year net surges 87% to 246.6 billion yen. Toyota recalls 245,000 Lexus cars in the U.S.
- Chandrasekhar Atreya
- 27 Jan, 2011
- New York City
Shanghai stocks gained by nearly 1.5% while the key stock index in Hong Kong dropped on Wall Street concerns. China increased the upfront payment for second home buyers from 50% to 60% to cool prices. NRDC fines retail giants Carrefour and Wal-Mart for overpricing at check-out point.
- Chandrasekhar Atreya
- 27 Jan, 2011
- New York City
Stocks in Mumbai tumbled 1.5% after the release of the latest weekly wholesale data. India and Indonesia set a bilateral trade target of $25 billion by 2015. SpiceJet said third quarter net declined 13% to $21 million from a year ago.
- Mukesh Buch
- 27 Jan, 2011
- New York City
AT&T fourth quarter revenues rose 2.1% to $31.36 billion. Colgate-Palmolive fourth quarter sales rose 15% to $3.6 billion. Lockheed Martin fourth quarter sales rose to $12.8 billion. Starbucks first quarter total net revenue rose 8% to $3.0 billion. P&G second quarter net ales grew 1.5%to $21.35 bn.
- Devan Biswas
- 01 Feb, 2011
- New York City
Stocks in Japan rallied after Honda, Orix, Toto and Sumitomo Heavy lifted earnings outlook. The benchmark index Nikkei 225 Stock Average edged up 0.4% but closed near the low for the month.
- Arthi Gupta
- 27 Jan, 2011
- New York City
The UK indexes edged higher after home prices fell for the seventh straight month and retail sales growth slowed in January. Ireland retail sales dropped in December. WPP acquired majority stake in Ogilvy South Africa. BSkyB profit soared and AstraZeneca net rose.
- Mukesh Buch
- 26 Jan, 2011
- New York City
Abbott fourth quarter net sales increased 13.4% to $9.97 billion. General Dynamics fourth quarter revenue rose 8.9% to $8.6 billion. The Boeing fourth quarter revenue rose 8% to $16.55 billion. Valero fourth quarter revenue rose to $22.16 billion. Yahoo fourth quarter revenue fell 12% to $1.53 bn.
- Arthi Gupta
- 27 Jan, 2011
- New York City
The European indexes climbed after euro-zone economic sentiment index fell and German inflation rose in January. French unemployment rose in December and consumer confidence dipped in January. Spanish retail sales declined in December. Nokia net falls.
- Arthi Gupta
- 27 Jan, 2011
- New York City
The U.S. indexes gained after the Fed maintained bond purchase plan and left key rates near zero. ProLogis confirmed merger discussions with AMB. PepsiCo got Russian regulatory approval for Wimm-Bill-Dann acquisition. Procter & Gamble net declines.
- Arthi Gupta
- 26 Jan, 2011
- New York City
The UK indexes rose after the Bank of England policy makers split on rates. The UK home purchase loan approvals declined in December. Irish trade surplus increased in November. WPP increased stake in Mindshare South Africa.
- Arthi Gupta
- 26 Jan, 2011
- New York City
The European indexes gained after successful first bond issue by the European Financial Stability Facility. German import price inflation rose in December. Sweden trade surplus increased in December. Italian retail sales declined in November. Norges Bank held key rate.
- Arthi Gupta
- 26 Jan, 2011
- New York City
U.S. indexes traded higher tracking gains in Europe and Asia. U.S. mortgage applications slid after refinancing activity slumped. Concur completed acquisition of TripIt. Yahoo! quarterly profit doubled but WellPoint net plunged.
- Bikram Pandey
- 01 Feb, 2011
- New York City
Australian stocks closed mixed and the Reserve Bank of Australia left its rate on hold at 4.75%. RBA also noted that underlying inflation is expected to remain within its target range of 2% to 3% in the year. Cyclone Yasi is forcing another round of mine closure and coal shipment suspension.