- Mukesh Buch
- 29 Dec, 2010
- New York City
Resources linked companies edged lower but metals prices held their grounds. Pulse Electronics Corp soared 18% after Bel Fuse Inc expressed an interest in combining two companies. BJ
- Arthi Gupta
- 29 Dec, 2010
- New York City
The UK indexes fell and housing equity injections increased in the third quarter. Anglo American plc agreed to invest as much as $700 million in an iron ore project in Brazil. Smith & Nephew declined 2% after U.S. regulatory inquiry.
- Arthi Gupta
- 29 Dec, 2010
- New York City
The European indexes rose to two-year highs after euro-zone money supply improved in November. German consumer price index climbed 1.7% in December. Spanish retail sales fell and Swedish trade surplus improved in November. Skanska agreed to sell its 50% share in PPP Highway Autopista Central.
- Arthi Gupta
- 29 Dec, 2010
- New York City
U.S. stock index traded higher as markets in Europe trade near two-year high and Asian markets retained momentum. China cuts rare earth minerals export quota by 35%. Air travel disruption continued on the third day after East Coast snowstorm.
- Chandrasekhar Atreya
- 29 Dec, 2010
- New York City
Stocks in Mumbai surged more than 1% on higher traded volumes ahead of the derivatives contracts expiry on Thursday. Punjab and Sind Bank fixed its public offering price. Record grain harvesting is expected in the current fiscal year surpassig the previous record in 2009.
- Chandrasekhar Atreya
- 29 Dec, 2010
- New York City
Australian stock index closed flat as miners fell despite a rise in precious metals prices. Tower Australia recommended $1.76 billion takeover offer from Dai-ichi Life. Rains bring down coal production in Australia and Darlymple Bay Coal terminal suspends operations.
- Chandrasekhar Atreya
- 29 Dec, 2010
- New York City
Stocks in Tokyo gained on earnings outlook. Holdings of Japanese government bonds by overseas investors surged 6% to 57.5 trillion yen in the September quarter. Purchase of television sets surges 255% in November ahead of expiry of government incentives.
- Chandrasekhar Atreya
- 29 Dec, 2010
- New York City
Hong Kong
- Bikram Pandey
- 28 Dec, 2010
- New York City
U.S. eked out fraction gains as Treasuries fell after weaker than expected demand at the latest $35 billion five-year auction. Holiday retail sales were ahead of expectations. Gold surged and silver closed at a record after consumer confidence dropped and home price index fell.
- Arthi Gupta
- 28 Dec, 2010
- New York City
The European indexes climbed after French GDP rose 0.3% in the third quarter. German industry group lifted industrial sector growth forecast for 2011. Swiss UBS consumption fell and Swedish retail sales slackened in November. Alcatel-Lucent agreed to pay $137 million to settle U.S. bribery cases.
- Arthi Gupta
- 28 Dec, 2010
- New York City
U.S. indexes traded flat after holiday retail sales rose more than expected. Apparel and jewelry sales drove the holiday purchases and higher discounts attracted more shoppers online. Consumer confidence index declined in December and metropolitan home price index fell 1% in October.
- Mukesh Buch
- 28 Dec, 2010
- New York City
Cipla received notice from national pharmaceutical pricing authority demanding $10 million. Kingfisher launched five new flights on its domestic network. Zee Entertainment launched four TV channels in Australia.
- Chandrasekhar Atreya
- 28 Dec, 2010
- New York City
Mumbai stocks fluctuated in thin volume trading. Uttar Pradesh signed several agreements with major companies to make the state a power-surplus state. India sought to decide the fate of 82 coal mining licenses that are dormant for last three years.
- Chandrasekhar Atreya
- 28 Dec, 2010
- New York City
Tokyo benchmark index declined following weakness in the Chinese stock markets and a stronger yen. Industrial production rises in November for the first time in six months, while unemployment rate stays unchanged. Consumer price index dropped for the 21st month in a row in November.
- Chandrasekhar Atreya
- 28 Dec, 2010
- New York City
Shanghai key indexes dropped 1.7% after losing nearly 2% yesterday. Profits at industrial companies moderated in the first eleven months to November. Guizhou Province signs 47 contracts with state-run firms for 300 billion yuan.