- 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.
- Mukesh Buch
- 21 Dec, 2010
- New York City
AOL agreed to acquire a personal profile site. Adobe fourth quarter revenue surged 33% to a record $1 billion. Biogen agreed to acquire Neurimmune. ConAgra, second quarter net sales improved 2%. CarMax, third quarter net revenue surged 23% and Jabil Circuit, first quarter net revenue surged 32.3%.
- Arthi Gupta
- 21 Dec, 2010
- New York City
The UK index climbed after banking and mining stocks rose. The UK consumer confidence remained static in December but public sector net borrowing rose more than anticipated. BP inked five-year outsourcing services agreement with HP.
- Arthi Gupta
- 21 Dec, 2010
- New York City
The European indexes gained after China
- Arthi Gupta
- 21 Dec, 2010
- New York City
The U.S. index futures rose on optimism of economic recovery. Toronto-Dominion inched closer to acquire Chrysler Financial for $6.3 billion. Buckeye agreed to acquire 80% stake in Bahamas Oil for $1.36 billion. Martek agreed for takeover offer by Koninklijke DSM in $1.09 billion deal.
- Mukesh Buch
- 21 Dec, 2010
- New York City
Bajaj Hindusthan agreed to set up 1,980 megawatt power project at Bargarh. Mahindra Satyam plan to list the company stock in New York. NMDC third quarter advance tax payment surged 246%. Sun Pharmaceutical sued by Swiss drug maker Hoffman-La Roche in the U.S. for alleged patent infringement.
- Chandrasekhar Atreya
- 21 Dec, 2010
- New York City
Stocks in China rose as tensions in the Korean peninsula receded and property prices stayed buoyant. New homes sales in Shanghai register double digits growth in volumes and price from a week earlier. Hong Kong
- Chandrasekhar Atreya
- 21 Dec, 2010
- New York City
Tokyo stocks snapped its three-day decline with a rise of 1.5% after Bank of Japan kept key interest rate and asset purchase plan unchanged. The U.S. government imposed a fine $32 million on Toyota Motor. Japan and South Korea sign a nuclear deal.
- Chandrasekhar Atreya
- 21 Dec, 2010
- New York City
Australian stocks traded higher led by surging mining stocks after commodity prices reached a 27-month high. Policy Transition Group releases a list of recommendations on MRRT. Ramsay Healthcare revised higher full-year profit outlook.
- Chandrasekhar Atreya
- 21 Dec, 2010
- New York City
India and Russia expanded trade relations and increased defense, space and energy and power sectors cooperation. The two nations targeted $20 billion in bilateral trade in five years. Stocks in Mumbai surged tracking gains in Asia.