- Mukesh Buch
- 14 Dec, 2010
- New York City
Allahabad Bank hiked base and prime lending rate. Honda Motors partner in Hero Honda Group are expected to acquire 26% stake in the joint venture for about $1 billion. Punjab National Bank bought 63.6% stake in Kazakhstan based JSC Dana Bank in $24 million.
- Chandrasekhar Atreya
- 14 Dec, 2010
- New York City
Mumbai stocks traded sideways after the latest read on wholesale inflation showed a decline to 11-month low. India selects 37 companies to build solar power projects to reach its target of 20GW by 2022. Reserve Bank of India injects liquidity for the third time in as many months.
- Chandrasekhar Atreya
- 14 Dec, 2010
- New York City
Stocks in China region edged higher but resource stocks fell. Banks also edged lower after China lifted bank reserve ratios of six select banks by 50 basis points to 19%. Premier Wen Jiabao is scheduled to reach India on Wednesday with the largest ever trade delegation.
- Chandrasekhar Atreya
- 14 Dec, 2010
- New York City
Australian banks traded lower as the Senate inquiry focuses on the competition in the sector and the viability of small banks. The benchmark index edged higher. Spanish food giant EBRO makes a hostile bid for SunRice. Housing starts drops substantially in the September quarter.
- Chandrasekhar Atreya
- 14 Dec, 2010
- New York City
Tokyo stocks rose for the second day led by brokerages and financial companies. Japan proposes to cut corporate tax rates for the next fiscal year by 5%. Marubeni Corp plans to double its global water assets in two years. Toyota recalls 94,000 Sienna minivans in the U.S.
- Bikram Pandey
- 13 Dec, 2010
- New York City
U.S. stocks climbed higher as investors appear sanguine about the passage of tax deal and Fed is expected to hold rates this week. China reported higher than expected industrial growth, retail sales and inflation and left interest rate unchanged but lifted bank reserves.
- Mukesh Buch
- 13 Dec, 2010
- New York City
Biglari Holdings fourth quarter revenues increased to $164.4 million. Dell Inc. to acquire Compellent Technologies, and will pay $27.75 per share. Thermo Fisher Scientific will acquire all of the outstanding shares of Dionex Corp. for $118.50 per share in cash, total purchase price $2.1 billion approximately.
- Arthi Gupta
- 13 Dec, 2010
- New York City
The UK indexes climbed after home prices declined in December. The IMF delayed consideration of Irish bailout package. Reckitt Benckiser agreed to acquire India-based Paras Pharmaceuticals for $726 million and GlaxoSmithKline agreed to buy Maxinutrition for
- 123jump.com Staff
- 13 Dec, 2010
- New York City
The financial services company reported total operating income increased 15% to Sfr6.658 billion from last year''s Sfr5.766 billion. The company generated net profit of Sfr1.664 billion or Sfr0.43 per share compared to a loss of Sfr564 million or Sfr0.15 per share in the year-ago period.
- Arthi Gupta
- 13 Dec, 2010
- New York City
The European indexes gained after China held its interest rates. The Bundesbank forecasted slowdown in German economic growth. French current account deficit narrowed in October. Spanish home sales plummeted in October. Swiss producer and import prices climbed in November.
- Arthi Gupta
- 13 Dec, 2010
- New York City
U.S. stocks climbed after a flurry of merger activities around the world lifted trading sentiment. China also held its interest rates and reported a rising inflation. GE proposed to buy UK-based Wellstream for $1.3 billion and Sanofi-Aventis extended Genzyme tender offer.
- Chandrasekhar Atreya
- 13 Dec, 2010
- New York City
Stocks in Mumbai closed higher tracking the increase in Asia and Europe. Russia and India are expected to sign pacts for defense, trade and energy next week. China
- Mukesh Buch
- 13 Dec, 2010
- New York City
Goa Carbon and Hong Kong based Sinoway International to set up manufacturing plant in China. Punj Lloyd won two oil and gas orders worth $350 million. Reliance Infrastructure soars on a plan to attract new investors in the company.
- Chandrasekhar Atreya
- 13 Dec, 2010
- New York City
The key stock indexes in China rallied the most in two months after China
- Chandrasekhar Atreya
- 13 Dec, 2010
- New York City
The benchmark index hovered near 7-month high after china tightened credit and higher flows to stocks. Net inflows into Japanese stock investment trusts rise to 305.2 billion yen in November.