- Chandrasekhar Atreya
- 11 Jan, 2011
- New York City
Australian coal trade is severely disrupted and fears are rising that the damage to the economy may be larger than anticipated. Rising flood waters enter the city of Brisbane, the third largest city in Australia. Trade surplus in November narrowed to $1.925 billion.
- Bikram Pandey
- 10 Jan, 2011
- New York City
Deals of $22 billion failed to lift world market indexes. Investors were cautious in Europe ahead of bond sale from Spain, Portugal and Italy. For-profit education providers fell sharply after Strayer indicated weaker than expected new registrations. Fiat increased its stake in Chrysler to 25%.
- Mukesh Buch
- 10 Jan, 2011
- New York City
Acuity Brands first quarter sales increased 8.5% to $425.0 million. iGATE agree to acquire majority stake in Patni Computer Systems. PriceSmart first quarter total revenues increased 22.3% to $386.07 million. Playboy Enterprises Inc agreed to be taken private by founder Hugh Hefner.
- Arthi Gupta
- 10 Jan, 2011
- New York City
The UK indexes slid after home prices slumped and financial services activity improved. The UK PM Cameron expressed concern over inflation. Smith & Nephew rebuffed J&J''s
- Arthi Gupta
- 10 Jan, 2011
- New York City
The European indexes declined as investors focused on the sovereign debt issues. However, euro area investor sentiment improved in January. German manufacturing sector turnover eased and French industrial production climbed in November. The Greek budget deficit decreased.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
Stocks in Mumbai tumbled 2.5% today and dropped 4% in the week. A sharp and sustained increase in food prices and the government
- Arthi Gupta
- 10 Jan, 2011
- New York City
DuPont agreed to acquire Denmark-based Danisco for $6.3 billion. Sanofi began valuation of Genzyme drug Lemtrada. iGATE acquired stake in India-based Patni for $1.22 billion.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
Australian indexes closed lower as flood waters reach peak and miners struggle to contain flood losses. Insurers declined as policyholders file A$150 million of claims. Australian government unveils a new national ports strategy.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
The broader Topix index gained 3.1% in the week and its best first week performance in fifteen years. Panasonic plans to sell more energy saving white goods in North America. Sony Corp joins a raft of other makers in the tablet market. Overseas investors increase Japanese stocks exposure.
- Chandrasekhar Atreya
- 07 Jan, 2011
- New York City
Shanghai stock indexes rallied led by banks, developers and automakers. Sinovel Wind fixes the issue price of its public offering at the top end of the range to raise 9.5 billion yuan.
- Chandrasekhar Atreya
- 06 Jan, 2011
- New York City
[R][[6:00 PM Sydney, Australia
- Chandrasekhar Atreya
- 06 Jan, 2011
- New York City
Shanghai stock indexes fell and energy stocks led the decliners after central bank governor confirmed rising inflation pressures. World Bank issued first yuan denominated bonds. GM the first foreign automaker to sell more than 2 million vehicles in a year in China sold as many cars as in the U.S.
- Chandrasekhar Atreya
- 06 Jan, 2011
- New York City
Tokyo stocks climbed higher and the Nikkei index rose to a eight-month high. Toyota Motor
- Chandrasekhar Atreya
- 06 Jan, 2011
- New York City
Stocks in Mumbai closed lower for the third day in a row as food prices show and government fail to rein prices. Steel Authority of India plans a secondary offering in February in two tranches. Suzlon wins orders to build 150 mw wind farms in four states.
- Chandrasekhar Atreya
- 10 Jan, 2011
- New York City
Stocks in Sydney traded in a narrow range to close higher on the strength in retailers. Australia starts fortnightly income assistance of A$500 for flood-affected workers. Delays in mega-projects have cost Australia more than A$8 billion in cost blowouts in 6 years.