- Bikram Pandey
- 27 Dec, 2010
- New York City
U.S. indexes closed lower as snowstorm on the East Coast keep shoppers away. AIG surged after the insurer arranged $4.3 billion in credit line with banks to replace government funding. Asian markets closed lower after China lifted rates. European markets edged lower on weaker outlook for the euro.
- Arthi Gupta
- 27 Dec, 2010
- New York City
The European indexes declined tracking weak world markets. The Swiss National Bank forecasted slow growth in 2011. The UK home prices fell in December. Rating agencies lowered views on Portugal debt and reaffirmed French debt rating.
- Arthi Gupta
- 27 Dec, 2010
- New York City
U.S. stocks trade lower after Asian markets closed lower and European markets were weaker. Airlines decline after blizzard conditions prevail in several Northeastern states. China lifted rates by 25 basis points on Saturday.
- Mukesh Buch
- 27 Dec, 2010
- New York City
Dishman Pharmaceuticals is in a deal to sell pharma products of $50 million to European multinational. GMR buy 51% stake in Kakinada SEZ for undisclosed amount. KEC International secured new orders aggregating $250 million. NMDC may increase iron ore price by 3%.
- Chandrasekhar Atreya
- 27 Dec, 2010
- New York City
Stocks in Mumbai edged lower as Asian markets closed mixed and markets in China declined. Rupee edged lower. Indian government retained its borrowing target. ONGC starts building a road from Agartala in North East to Bangladesh.
- Chandrasekhar Atreya
- 27 Dec, 2010
- New York City
Stocks in Shanghai plunged nearly 2% after China lifted rates over the weekend. The second rate increase in as many months is expected to do little to ward off the rising food and property prices. Tibet registered a sharpest rise in foreign trade in first eleven months to November.
- Mukesh Buch
- 24 Dec, 2010
- New York City
Bang Overseas and Thomas Scott (India) sign a deal. BF Utilities is in negotiation with Goldman Sachs to sell up to 15% stake for 164 km expressway. Indian Hotels allotted additional shares to Tata Sons. CEAT Limited gained after rubber duties were lowered.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Mumbai stocks gained in thin trading. The government opens a discussion on direct investment from large foreign retailers as investment drops 38% in the first seven months to October. India looks to limit defense exports to $10 billion as private contractors expand in the nation.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Shanghai stock indexes dropped on liquidity concerns and China targeted economic growth of 8% and inflation at 4% for next fiscal year. Profits at government controlled companies surged 50% in the first 11 months. U.S. files WTO complaint against China
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Tokyo indexes declined today and in the week as the yen strengthened against the dollar and the euro. Japan and Turkey are expected to sign agreements to build $20 billion nuclear power plants. 91.41 trillion yen budget proposal for 2011 to be approved today.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Sydney benchmark index ended lower trading on thin volumes of declining mining stocks. Australian dollar closed above parity for the second day. New South Wales and Queensland brace for heavy rainfall in the next seven days.
- Bikram Pandey
- 23 Dec, 2010
- New York City
U.S. indexes drifted ahead of Christmas holiday as more evidence emerged that the economic recovery takes a early hold. The latest data on personal income and core durable goods orders showed a rising trend. Ireland is set to inject $5.2 billion after it seized Allied Irish Banks Plc.
- Arthi Gupta
- 23 Dec, 2010
- New York City
The UK indexes traded sideways after mortgage approvals fell but services sector index rose. Irish retail sales edged higher in November. Innovation Group agreed to acquire Germany-based Wintec.
- Mukesh Buch
- 23 Dec, 2010
- New York City
Bed Bath third quarter sales increased 11.1% and comparable sales rose 7%. Christopher & Banks third quarter net sales edged lower 8.4% to $120.9 million. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Micron Technology first quarter net sales rose 29% to $2.25 billion.