- Arthi Gupta
- 23 Dec, 2010
- New York City
The European indexes declined after Fitch lowered Hungary''s credit rating. French industrial producer price index rose in November. Hungary''s trade surplus fell in October. Spanish PPI climbed in November. Maersk Oil agreed to buy Brazilian assets for $2.4 billion.
- Arthi Gupta
- 23 Dec, 2010
- New York City
U.S. indexes fell after jobless claims edged lower and durable goods declined more than expected and personal income rose. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Zimmer agreed to acquire Geneva-based Sodem Diffusion.
- Chandrasekhar Atreya
- 23 Dec, 2010
- New York City
Mumbai stocks dropped in choppy trade after persistent high food price inflation. Handicrafts exports surge 19% in the first eight months to$1.2 billion. India lifted its infrastructure investment target to $1 trillion and private sector participation to 50%.
- Mukesh Buch
- 23 Dec, 2010
- New York City
A2Z Maintenance dropped 16% from its IPO price on the first day of trading. Pipavav Shipyard signed an agreement with Sweden-based SAAB Dynamics AB. Suven Life Sciences secured four patents. SAIL upcoming secondary offering may be priced as 12% discount.
- Chandrasekhar Atreya
- 23 Dec, 2010
- New York City
Shanghai stocks dropped for a second day on year end liquidity worries. China agrees to buy Portuguese bonds in 2011. CNPC confirms the second phase of Kazakh-China gas pipeline construction. Foreign direct investment in China is expected to reach $100 billion this year.
- Chandrasekhar Atreya
- 23 Dec, 2010
- New York City
Stocks in Australia closed higher as resource stocks led the gainers. Copper closed at a record high and crude oil reached a two-year peak. Australian dollar closed traded above parity reflecting a growing sentiment for high commodities prices in 2011.
- Bikram Pandey
- 22 Dec, 2010
- New York City
U.S. indexes closed at a 2-year high as regional banks and resource stocks led the gainers. Crude oil topped $90 a barrel and copper closed to a record high and soared 28% in the year as a single trader holds 90% of stockpile. Walgreen rises and Nike falls.
- Arthi Gupta
- 22 Dec, 2010
- New York City
The UK indexes gained and third quarter GDP growth was lowered and current account deficit widened. The Bank of England policy makers were split at the last meeting. Irish trade surplus widened in October.
- Mukesh Buch
- 22 Dec, 2010
- New York City
Carnival fourth quarter revenues rose 7% to $3.50 billion. Humana completed acquisition of Concentra Inc. in $790 million. Nike, second quarter revenue increased 10% to $4.84 billion. Red Hat, third quarter total revenue increased 21%. Walgreen first quarter net sales increased 6% to $17.34 billion.
- Arthi Gupta
- 22 Dec, 2010
- New York City
The European indexes traded mixed after Greece received downgrade warning as lawmakers haggle to approve austerity measures. German import prices climbed in November and Italian retail sales rose in October. Denmark economy expanded in the third quarter. The Czech central bank held interest rates.
- Chandrasekhar Atreya
- 22 Dec, 2010
- New York City
Mumbai stocks dropped in choppy trade. Gartner latest report noted that India continues to be the favorite destination for outsourcing. World Bank awards India a loan of $1.5 billion for development of rural roads and infrastructure.
- Mukesh Buch
- 22 Dec, 2010
- New York City
Abbott India fourth quarter net profit rose 7.9%. Mafatlal Industries reported a net loss in second quarter. NHPC agreed to set up 2,100 megawatt of hydro-electricity. State Bank of India plans to acquire second bank in Indonesia.
- Chandrasekhar Atreya
- 22 Dec, 2010
- New York City
Tokyo stocks edged lower after hitting a fresh 7-month high intra day as investors booked profits for the weekend. Bank of Japan confirmed 25 trillion yen bonds and assets purchase. Exports surge 9% in November.
- Chandrasekhar Atreya
- 22 Dec, 2010
- New York City
Australian indexes edged up and BHP Billiton led gainers. Australia
- Bikram Pandey
- 21 Dec, 2010
- New York City
U.S. stocks rallied and crossed the highs last seen two years ago in September 2008. The S&P index has surged 85% since the lows of March 2009. Retailers rose after holiday sales appear to accelerate in the final days ahead of Christmas holiday. Markets in Asia and Europe gained.