- 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.
- 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.