- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Stocks in China dropped led by financials offsetting gains in the automotive and industrials. Retail sales grew 19% while pace of industrial growth, infrastructure spending and profits at state-owned enterprises slowed in September.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Japanese stocks gained on better-than-expected earnings outlook and a drop in jobless claims in the U.S. Japan takes stock of local rare earth inventory and prepares to sign agreement to develop these products with Vietnam. JFE Holdings swings back to profit in the first half of the current year.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Australian shares traded sideways but gained marginally. A wind farm project in Victoria to generate 248 megawatts gets approval. BG Group and Santos win approval for the first project to extract natural gas from coal seams in Queensland.
- Bikram Pandey
- 22 Oct, 2010
- New York City
U.S. stocks held their recent advances as deal activities heat up. American Express, UPS, Amazon and Nestle, SanDisk and Schlumberger reported rising earnings. All members of the European Union reported budget deficit in 2009. The dollar slides as G-20 financial leaders conclude currency talks.
- Arthi Gupta
- 22 Oct, 2010
- New York City
The UK indexes fell after miners led the decline. Ireland with 14.4% registered largest budget deficit in the European Union in 2009. MasterCard completed acquisition of DataCash. Betfair priced IPO at 1,300 pence per share. State Street unit agreed to acquire Bank of Ireland Asset Management. BSkyB profit soars.
- Arthi Gupta
- 22 Oct, 2010
- New York City
The European indexes declined after euro-zone consumer confidence remained flat in October. German building industry orders rose in August and business confidence rose unexpectedly in October. Ericsson net more than tripled and Volvo swung to profit.
- Arthi Gupta
- 22 Oct, 2010
- New York City
U.S. stocks traded higher after upbeat earnings. AIA raised $17.9 billion through a public offering in Hong Kong. HP acquired ArcSight for $43.50 per share. Caterpillar and GE acquire companies. American Express net surges 70% and Schlumberger earnings soar more than double.
- Bikram Pandey
- 21 Oct, 2010
- New York City
U.S. stocks traded near the two-year highs after the latest earnings exceeded expectations. eBay, Freeport McMoran, Nokia and Pernord-Ricard, Caterpillar and Netflix earnings lifted stocks. The U.S. dollar rebounded and gold and crude oil fell. China
- Bikram Pandey
- 21 Oct, 2010
- New York City
AT&T Inc third quarter revenue rose 2.8% and net surged. Goodrich Corporation revenue increased 6%. McDonald
- Arthi Gupta
- 21 Oct, 2010
- New York City
The UK indexes climbed a day after government announced sharp spending cuts and retail sales fell unexpectedly in September. Decline in Irish home prices eased in the third quarter. GlaxoSmithKline profit declined 3.7% and Seagate net fell 17% in the quarter.
- Arthi Gupta
- 21 Oct, 2010
- New York City
The European indexes gained after Nokia swung to profit. Euro area private sector growth slumped in October and the EU disbursed
- Arthi Gupta
- 21 Oct, 2010
- New York City
U.S. stocks rose after Caterpillar profit soared 96% and sales rose 53%. The regional survey conducted by the Fed confirmed modest growth in 12 districts. U.S. weekly jobless claims fell 23,000 to 452,000. eBay quarterly profit increased 23% on the surge in revenues at online payment unit.
- Mukesh Buch
- 21 Oct, 2010
- New York City
Stocks in Mumbai surged on the sustained interest in Coal India offering from international investors. ACC Limited second quarter net fell 79%. Gujarat State Fertilizers & Chemicals Limited quarterly net more than doubled. Indiabulls Financial Services net jumped 143%.
- Chandrasekhar Atreya
- 21 Oct, 2010
- New York City
Stocks in Mumbai surged tracking gains in the international markets, steady foreign fund flows and strong interest in Coal India IPO. Environmental ministry rejects Vedanta
- Chandrasekhar Atreya
- 21 Oct, 2010
- New York City
China reported a robust economic expansion in the third quarter. However, 9.6% growth was the third decline in a row but still kept regulators worried on the resurgent inflation. The two inflation measures, CPI and PPI rose in September. China Mobile quarterly earnings rose only 3.5% as competition eats into margins.