- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 23 Jun, 2010
- New York City
U.S. stocks rise on optimism that the Federal Reserve will hold a key interest rate at a record low. White House said appeals block on drilling ban. AT&T acquires rural wireless assets from Verizon Wireless. Adobe Systems Inc. said second quarter net rises 18%.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 22 Jun, 2010
- New York City
U.S. stocks traded sideways after existing home sales indicated a fragile state of housing market. Oil drilling rigs providers traded volatile after a judge lifted a ban on drilling in the Gulf of Mexico. Obama administration said it will appeal the decision.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 22 Jun, 2010
- New York City
The UK indexes traded lower after the interim budget that proposed higher VAT and eliminated nearly one million tax payers with low income and lowered the corporate tax to 24% . The government also cuts growth outlook and public sector pay freeze for two years.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 22 Jun, 2010
- New York City
According to the revised estimates, exports are likely to increase 23% to A$202.5 billion in the 12-month period ending June 2011, according to the Australian Bureau of Agricultural and Resource Economics today.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 22 Jun, 2010
- New York City
Stocks in Japan decline on the euro-zone worries. Japan releases its fiscal 10-year plan to reduce debt, fight deflation and cap government spending. Japanese parts plants in China resort to mechanization to fight labor problems.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 22 Jun, 2010
- New York City
Stocks in Mumbai traded lower on the worries related to the euro-zone. Rabobank Nederland plans to sell stake in Yes Bank Ltd. Reliance, MTNL are in 3G franchise talks. Cox and Kings India is looking to raise $430 million. Orbit Corp issues a 1-to-1 bonus.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 22 Jun, 2010
- New York City
Shanghai, the city targeted by China to be becoming its global financial center by 2020, is preparing to allow foreign companies to list their shares and sell bonds in the city
- Mayank Mehta
- 22 Jun, 2010
- New York City
American Italian Pasta Company led gainers in the S&P 500 index with a rise of 6.7%. Lockheed wins again $5 billion U.S. contract. Jefferies profit up 37%. Commercial Metals narrows quarterly loss. Toyota suffers another supplier labor strike.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 22 Jun, 2010
- New York City
European markets fell after Fitch downgrades BNP Paribas
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 22 Jun, 2010
- New York City
U.S. stocks trade lower after May home sales declined. Existing home sales in the month fell 2.2% to 5.66 million and increased 19.2% from a year ago month. Fitch downgrades its debt rating on BNP Paribas SA. Walgreen third quarter profit declines.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
U.S. stocks closed lower after rallying on the back of global markets. China permitted wider trading band for the yuan after pegging the currency to the dollar for nearly two years. Stronger yuan raised expectations of higher exports to China but also raised fears that retailers will pay more.
- Arthi Gupta
- 21 Jun, 2010
- New York City
Valeant and Biovail Corp. have unanimously approved a merger agreement under which the companies would combine to generate enhanced value for stockholders.
- Darlington Musarurwa
- 21 Jun, 2010
- New York City
Corn Products agrees to acquire National Starch from AkzoNobel for $1.3 billion in cash. The transaction is projected to generate cost synergies of at least $50 million.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 Jun, 2010
- New York City
The UK indexes soar after China
- Mayank Mehta
- 21 Jun, 2010
- New York City
Global Payments Inc. led the decliners in the S&P 500 index with a loss of 6.7%. Ralcorp Holdings to acquire American Italian Pasta Company. Adidas sees soccer sales of at least $1.9 billion. BP Gulf spill handoff plan on track.