- 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.
- Chandrasekhar Atreya
- 21 Oct, 2010
- New York City
Japanese stocks fluctuated and dropped for a second day to close little changed after the yen hovered near its 15-year highs. Toyota recalls 1.53 million vehicles. Toshiba Corp swung to profit in the first half. Same store sales at convenience stores rose 12.9% in September and third monthly increase in a row.
- Chandrasekhar Atreya
- 21 Oct, 2010
- New York City
Australian shares after trading higher in the morning boosted by resource stocks but lost most of the gains at close. Gold output at Newcrest Mining rises 79% in September quarter. Coles reported 5% increase in revenues in the quarter to September
- Bikram Pandey
- 20 Oct, 2010
- New York City
Stocks rebounded after better than expected earnings from banks and industrial companies. Crude oil and metals rebounded. Federal Reserve regional survey indicated that U.S. economy is recovering at modest pace. UK government announced sharp budget cuts.
- Darlington Musarurwa
- 20 Oct, 2010
- New York City
The UK indexes traded sideways after Chancellor Osborne unveiled significant budget cuts that will also see a reduction in nearly half a million public sector jobs. The BoE policy makers were divided on quantitative easing in the latest meeting.
- Mukesh Buch
- 20 Oct, 2010
- New York City
Altera declined 2% after sales soared 84% and net soared nearly three-fold. Domino
- 123jump.com Staff
- 20 Oct, 2010
- New York City
The European indexes gained after German PPI surged in September. Dutch consumer confidence unexpectedly improved in October. BASF SE lifted its 2010 sales outlook. PSA Peugeot Citro
- Arthi Gupta
- 20 Oct, 2010
- New York City
U.S. stocks traded higher and mortgage applications and refinancing activities declined. U.S. Treasury announced plans to sell rest of its stake in Citigroup. Morgan Stanley revenues declined 20% and net slumped 67%. Boeing Company swung to quarterly profit. Yahoo third quarter revenues flat.
- Mukesh Buch
- 20 Oct, 2010
- New York City
Bharat Petroleum increased 1% after government plans to pay subsidies of $2.2 billion for the six months in the current fiscal year. Bajaj Holdings & Investment Ltd second quarter net doubled. CEAT Limited quarterly net plunged 75%.
- Chandrasekhar Atreya
- 20 Oct, 2010
- New York City
Stocks in China rallied from the earlier lows after the surprised rates increase but Hong Kong stocks declined. China contradicted the U.S media reports and said exports of rate earth minerals will continue and may gain momentum. Morgan Stanley gets approval to sell China International Capital.
- Chandrasekhar Atreya
- 20 Oct, 2010
- New York City
Stocks in Mumbai closed lower tracking weak sentiment in the international markets after China raised rates. Coal India IPO received 1.71 times subscription on the second day and State Bank of India bond offerings attracted 17 times. Direct tax collections for the six months of the fiscal year soared 19%.
- Chandrasekhar Atreya
- 20 Oct, 2010
- New York City
Japanese stocks fell sharply after China increased interest rates in a surprise move overnight. Chinese Premier plans to meet leaders of Japan and South Korea in Vietnam. Japan steps up monitoring of funds managed by securities industry.
- Chandrasekhar Atreya
- 20 Oct, 2010
- New York City
Australian shares fell after China increased interest rates and the Australian dollar edged lower. Vacancies for skilled jobs fall 10% in October. September merchandise imports into Australia rises 5%.
- Bikram Pandey
- 19 Oct, 2010
- New York City
Stocks fell sharply on Wall Street after earnings jitters and mortgage bonds worries. Banks may be forced to pay for failed or depressed mortgages and bond holders demand higher accountability. Apple fell on earnings outlook and IBM fell after services revenues fell in the quarter.