- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 06 Jul, 2010
- New York City
The UK indexes advance after commodities and banks lifted investor sentiment. The British Chambers of Commerce reports strong economic growth in the second quarter. Ocado indicates public offering price range between 200 and 275 pence a share.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 06 Jul, 2010
- New York City
European markets rise on bargain hunting after markets in China region rallied The European Central Bank official said bank stress test transparency will restore confidence in the economy. The ECB settles covered bond purchases worth
- Mayank Mehta
- 06 Jul, 2010
- New York City
Ctrip.com International Ltd. led the decliners in the S&P 500 index with a loss of 12.8%. Brown & Brown acquires assets of Meridian Group of New York. Fidelity National affirms outlook and raises new debt. GE contracts for Salalah Independent Water & Power Project totaling nearly $300 million.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 06 Jul, 2010
- New York City
U.S. stocks trade higher on economic optimism and gains in world markets. Reserve Bank of Australia keeps cash rate flat at 4.50%. The Gulf of Mexico oil spill disaster costs BP more than $3 billion that includes settlement of more than 50% of compensation claims.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 05 Jul, 2010
- New York City
The UK indexes gyrate on concerns of sustained global economic recovery. The UK services industry index falls for the third time in four months but international reserves rise in June. Lloyds Banking Group forms joint venture with Coller Capital.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 05 Jul, 2010
- New York City
European markets trade sideways on mixed economic data. The ECB Chief stresses on austerity measures and deficit cuts. Euro-zone retail sales grow 0.2% in May and private sector activity weakens further in June. Japan''s Daiwa agrees to buy Belgium based KBC
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 02 Jul, 2010
- New York City
The UK indexes soar after Australia and miners agree on the lowered taxes. UK construction activity expands in June. Chloride accepts Emerson Electric''s 375 pence a share offer. Brit Insurance rebuffs Apollo Global takeover bid. RBS sells its commodities division to JPMorgan.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 02 Jul, 2010
- New York City
European markets slump after U.S. non-farm payroll employment fell by 125,000 jobs in June. Euro-zone wholesale inflation accelerates to 3.1% but jobless rate stabilizes at elevated rate of 10% in May. Spanish jobless claims fall by 83,834 in June.
- Mayank Mehta
- 02 Jul, 2010
- New York City
Lincare Holdings Inc. led the decliners in the S&P 500 index with a loss of 9.6%. Blockbuster Inc annual meeting did not attract enough shareholders for its reverse split proposal. Watson Pharmaceuticals received regulatory approval for its generic drug for the treatment of organ transplant.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 02 Jul, 2010
- New York City
U.S. stocks trade sideways after weaker-than-expected payroll data. U.S. employment fell by 125,000 jobs and unemployment rate drops to 9.5% in June. Resource stocks rallied after Australia scraps the super profit tax proposal. Google agrees to buy ITA Software for $700 million.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jul, 2010
- New York City
The UK indexes tumble after weaker-than-expected manufacturing data from China and ongoing concerns about Spain. ABB plans not to match Emerson Electric''s offer for Chloride Group. Tate & Lyle decides to sell EU sugar refining operations for
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jul, 2010
- New York City
European markets traded lower on weaker manufacturing outlook in the euro-zone, China and a sluggish U.S. jobs report. The ECB agrees to lend $136.7 billion to banks. Telef
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jul, 2010
- New York City
U.S. stocks decline after disappointing manufacturing data from China and the possible downgrade of Spain
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 30 Jun, 2010
- New York City
U.S. stocks closed lower after a rating agency expressed negative comments on Spain and warned a ratings downgrade. Weaker than expected private sector hiring in the U.S. also contributed to the negative sentiment. Commodities traded mixed and the dollar edged lower. 10-year bond yields drop.