- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 24 Jun, 2010
- New York City
Stocks in China and Hong Kong China closed lower in a volatile trading. Wuhan Iron signs a deal with Riversdale of Australia to develop a coking coal mine in Mozambique. China Merchants Bank prepared for 30% drop in home prices. Total SA and PetroChina may jointly develop Sulige Gasfield.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 24 Jun, 2010
- New York City
Julia Gillard takes oath as the first woman Prime Minister of Australia after Kevin Rudd lost his party
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 24 Jun, 2010
- New York City
Stock indexes in Japan were nearly flat in a choppy trading. Export growth slows for the third month in May to 32%. Nissan Motor has faces another strike at its China parts unit.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 24 Jun, 2010
- New York City
Stocks in Mumbai traded lower. Wholesale price index rises by 0.6% for the week. Vishal Retail rose after entering into a deal with TPG. NTPC disqualifies L&T tender bid. National Stock Exchange begins futures trading for copper and zinc.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 24 Jun, 2010
- New York City
U.S. stocks oscillate after weekly jobless claims fall by 19,000 and durable goods orders decline 1.1% in May. Total SA and Amyris partner to develop biomass-based fuels and chemicals. Pioneer signs $1.15 billion joint venture deal with India based Reliance Industries.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 23 Jun, 2010
- New York City
U.S. stocks traded sideways after existing home sales indicated a fragile state of housing market and the Fed left its key lending rate unchanged. GM is preparing for a public offering that may lower U.S. stake by 20%. Australian Prime Minister Kevin Rudd
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 23 Jun, 2010
- New York City
Stocks declined in Japan after a report showed sale of existing homes dropped in May. Toyota and Honda halt production after strike extends to other parts facilities in China. Google takes over as favorite job destination for Japanese job seekers. Toyota stays put on price cut.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 23 Jun, 2010
- New York City
Prime Minister Kevin Rudd defended his super profit tax plan. Citadel plans to increase its stake in Saudi copper project to 70% from the current 50%. Woodside plans to approach Fair Work for withdrawal of strike by crane and forklift operators at its Pluto project.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 23 Jun, 2010
- New York City
The UK indexes fall for the second consecutive day after weaker-than-expected U.S. new home sales data. Pound trades higher after the release of Bank of England minutes but the BoE policy makers differ over interest rate. UK banks approve more mortgages for home purchase in May.
- Arthi Gupta
- 23 Jun, 2010
- New York City
BASF announces an agreement with Cognis Holding Luxembourg S.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 23 Jun, 2010
- New York City
China stocks declined led by energy and material stocks while stocks in Hong Kong gained marginally. China will cancel export tax rebates in more than 400 items from July 15. Bank of Communications stocks rise after 17 billion yuan rights issue.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 23 Jun, 2010
- New York City
Stocks in Mumbai traded marginally higher. India starts a legal process for advice on stake sale totaling $10 billion. Airlines rise on the speculation that foreign airlines maybe permitted to acquire stakes.
- Mayank Mehta
- 23 Jun, 2010
- New York City
CarMax, Inc. led gainers in the S&P 500 index with a rise of 7.3%. Red Hat said its first-quarter net income rose 30%. Adobe reported second quarter net increased 18%. CarMax said its quarterly net more than tripled. Rite Aid narrows quarterly loss.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 23 Jun, 2010
- New York City
European stocks stumble after new home sales in the U.S. slumped 33% in May. Euro-zone composite PMI falls to three-month low in June. BASF agrees to buy Cognis in $3.8 billion deal.