- Arthi Gupta
- 31 Dec, 2010
- New York City
U.S. stock futures traded sideways on the last trading session of year 2010. Indexes in Indonesia, Philippines, India and South Korea led world markets. The U.S. Treasury raised its stake in Ally. Dynegy Board accepted $665 million buyout offer from Ichan controlled company.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Stocks in Mumbai continued to rise for the third day in a row. The Sensex index gained 17.3% in 2010 as economy rebounded and international fund flows continued. Sahara Group acquired London based Grosvenor House for $726 million.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Shanghai key benchmark index gains more than 2% for the day but lost 14.31% in 2010. Hang Seng index rose 5.3% in the year. China steps up scrutiny of recently sold but undeveloped land and seized at least two land parcels from developers. Non-ferrous metals international trade surged 46.5%.
- Chandrasekhar Atreya
- 31 Dec, 2010
- New York City
Australian benchmark stock index ends the day 1% down and for the year 2010 declined 2.57%. Rain havoc continues in Queensland forcing miners to invoke the emergency clauses for coal supplies. Dalrymple Bay expects to resume export of coal on the New Year day.
- 123jump.com Staff
- 31 Dec, 2010
- New York City
The membership warehouse club operator net sales increased 11% to $18.82 billion in the quarter. Net income for the quarter rose 17.3% to $312 million. Earnings grew to 71 cents per diluted share, compared to 60 cents per diluted share in the year-ago quarter.
- Bikram Pandey
- 30 Dec, 2010
- New York City
U.S. stocks traded lower as weekly jobless claims declined below 400,000 and the index of pending home resale increased 3.5% in November. Venezuela devalued bolivars against the dollar by 40%, the second devaluation in the year. Crude oil closed lower.
- Mukesh Buch
- 30 Dec, 2010
- New York City
MBIA Inc soared after two banks withdrew lawsuits. East West Bancorp surged after the bank repaid TARP funds. General Moly, China restricts rare-earth exports. Lockheed Martin won order of $437 million from US Navy. Qwest redeemed outstanding 3.5% convertible notes of approximately $1.1 billion.
- Arthi Gupta
- 30 Dec, 2010
- New York City
The UK indexes slid after home prices fell for a third straight month in November. WPP Digital agreed to acquire Blue State Digital. Balfour Beatty won infrastructure contracts in Hong Kong worth
- Arthi Gupta
- 30 Dec, 2010
- New York City
The European indexes declined after EuroCoin Indicator climbed in December. Swiss current account surplus improved in the third quarter. Spain current account deficit narrowed in October. Italian manufacturing sentiment rose in December.
- Arthi Gupta
- 30 Dec, 2010
- New York City
U.S. weekly jobless claims declined 34,000. PAA Natural Gas agreed to buy SG Resources Mississippi for $750 million. Boston Properties completed the acquisition of John Hancock Tower for $930 million. A private survey of consumers indicates a sharp rebound in consumer spending in upper middle class.
- Chandrasekhar Atreya
- 30 Dec, 2010
- New York City
Stocks in Mumbai rallied tracking gains in Asia. Investors are looking for a sustained economic expansion in 2011 as commodities hover near highs for the year. Sensex in the year is up 15%. Food and fuel prices surge in the latest read on inflation.
- Chandrasekhar Atreya
- 30 Dec, 2010
- New York City
Hong Kong
- Chandrasekhar Atreya
- 30 Dec, 2010
- New York City
Stocks in Tokyo lost more than 1% after the yen strengthened to a seven-week high. For the year the benchmark index declined 3%. Trading volumes on the Tokyo Stock Exchange is likely to drop for the third year in a row and to six year low.
- Chandrasekhar Atreya
- 30 Dec, 2010
- New York City
The benchmark index in Australia closed fell 1.65% in the year. A surge in commodities and energy prices lifted the dollar for the eighth day in a row and touched high last seen in 1982. Several mines in Queensland are forced to close production as rains and flooding hamper activities and life
- Bikram Pandey
- 29 Dec, 2010
- New York City
U.S. indexes closed higher after the dollar edged lower. Crude oil price declined by hovered near 28-month high. Gold and silver traded at 3-decade high. Copper touched intra-day high. Treasury auction of 7-year bonds attracted a strong interest.