- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 29 Jun, 2010
- New York City
The benchmark indexes in Shanghai dropped to 14-month low after a private researcher lowered economic outlook. The news lowered indexes across Asia. ICBC posts 39% drop in new loan growth. Datang Power Changes sponsor for private placement.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 29 Jun, 2010
- New York City
The benchmark indexes in Shanghai dropped to 14-month low after a private researcher lowered economic outlook. The news lowered indexes across Asia. ICBC posts 39% drop in new loan growth. Datang Power Changes sponsor for private placement.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 29 Jun, 2010
- New York City
Stocks in Mumbai traded lower after a central bank official said interest rate may be revised higher to curb inflation. Weak sentiment in the region also contributed to the declines. Tata Motors plans to raise as much as $1 billion and Pantaloon Retail raised $100 million.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 29 Jun, 2010
- New York City
Stocks in Japan traded down after unemployment rate increased and household spending declined in May. Auto makers in Japan are boosting production as U.S. demand recovers and China demand continues to grow.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 29 Jun, 2010
- New York City
Stocks in Australia traded lower tracking losses in Shanghai, Hong Kong, Tokyo and Mumbai. Miners give two week notice to government to settle the super tax on profits. Hebei Steel and Atlas Iron Ltd talk a stake sale in Western Australia iron ore mine.
- 123jump.com Staff
- 29 Jun, 2010
- New York City
Sales rose 10% to $1.28 million and net income rose 55% to $97.5 million or 70 cents a share. Gross profit was 48.3% of sales for the quarter versus 46.6% in the prior year. Operating margin for the quarter was extremely strong 13.2% of sales. An improvement of 342 basis points over the prior year.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 28 Jun, 2010
- New York City
U.S. stocks closed higher as personal income and spending rose. World leaders agreed to cut budget deficits by half in the next six years and recapitalize banks. Tobacco stocks traded higher after the Supreme Court rejected to hear the case between the U.S. and cigarette makers.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 Jun, 2010
- New York City
The UK indexes fall despite gains by miners. UK home price edges up 0.1% in June. G20 leaders agree to balance fiscal consolidation with the need to maintain pro-growth economic policies. BP Plc estimates $2.7 billion cleanup costs for the Gulf of Mexico oil spill.
- Mayank Mehta
- 28 Jun, 2010
- New York City
Apple Inc said it sold 1.7 million iPhone 4 in the first three days of selling. Isle of Capri dropped after it filed to sell as many as 9 million shares. BP Plc gained on the speculation that its chief executive may resign as early as today.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 Jun, 2010
- New York City
European markets climb after the group of 20 leaders endorsed targets to cut deficits by at least half by 2013. Euro-zone private lending rose 0.2% in May. German consumer price inflation eases 0.1% in June.
- Arthi Gupta
- 28 Jun, 2010
- New York City
Leaders of the G20 countries agreed to cut government debt at the group''s summit in Toronto, Canada. Leaders of largest economies announced they would cut deficits in half by 2013 and stabilize their debt-to-GDP ratios by 2016.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 Jun, 2010
- New York City
U.S. stocks rise after leaders at the G20 summit agreed to push the economic recovery while targeting significant reductions in deficit spending by 2013. U.S. personal income rises 0.4% and spending increases 0.2% in May.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 28 Jun, 2010
- New York City
Stocks in Australia traded lower on global sentiments. G-20 summit decides that banks need higher capital and agreed to cut budget deficits by half by 2013. Miners urge for speed on tax talks. Valspar agrees to acquire Wattyl Ltd. for A$142 million.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 28 Jun, 2010
- New York City
Stocks fall across all sectors dragging the indexes lower. Retail sales in Japan grew at the slowest pace since January, says a government report. The yen fell against the euro after the G-20 meeting endorsed targets to reduce budget deficits.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 28 Jun, 2010
- New York City
Stocks in Shanghai declined for the fourth day in a row but in Hong Kong gained. Regulators said that local government controlled entities borrowing surged 70% that may be unsustainable. Air China signs deal with Boeing to buy 20 new planes.