- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jun, 2010
- New York City
The UK benchmark dropped after BP
- Mayank Mehta
- 01 Jun, 2010
- New York City
RadioShack Corporation led gainers in the S&P 500 index with a rise of 6.8%. AIG to adhere to original AIA transaction terms. CONSOL Energy Inc. completes acquisition of CNX Gas Corp. HP to invest $1 billion to launch new era of enterprise services.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 01 Jun, 2010
- New York City
Stocks in Mumbai traded lower snapping the four day rally. Exports rise 36.2% in April. Coffee exports rise 50% in five months to May. Unitech Ltd is planning to execute a slum rehabilitation project after canceling Mumbai joint venture. NRB Bearings on a roll after liberal bonus issue.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 01 Jun, 2010
- New York City
Indexes in China slip led by drop in property transactions and a drop in manufacturing growth. PBOC sells one-year bills at higher yields to boost returns. Sinopec plans to expand Shijiazhuang refinery''s capacity by 60%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 01 Jun, 2010
- New York City
Stock indexes in Japan fell due to political uncertainty in the country. The futures market at the Nikkei 225 faces chaos as Deutsche Bank sends erroneous sell order. Strike at China plants of Honda continues. Hitachi prepares to globalize its water treatment business.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 01 Jun, 2010
- New York City
RBA holds its benchmark interest rate at 4.5%. National Australia Bank Ltd announces extension to AXA Asia Pacific Holdings Ltd framework deed. Transurban Group announces holding interest of BlackRock Group. Rio Tinto claims government mining tax ads are misleading.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jun, 2010
- New York City
European stocks fall amidst concerns that a slowdown in China may impede global economic recovery. Euro-zone jobless rate edges up to 10.1% in April. Swiss economic growth slows in the first quarter.
- Chandrasekhar Atreya
- 02 Jun, 2010
- New York City
Medical equipment company Covidien Plc, has signed a definitive agreement with ev3 Inc to acquire all of its outstanding shares for $22.50 per share for a total of $2.6 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 01 Jun, 2010
- New York City
U.S. and world markets struggle on declining manufacturing growth in China, political turmoil in Japan and continued oil leaks in Gulf of Mexico. Investors are still worried about the elevated risks for sovereign debt default in the euro-zone. Covidien agrees to acquire Ev3 for $2.6 billion in cash.
- Chandrasekhar Atreya
- 31 May, 2010
- New York City
Essar Group has agreed to acquire the entire stake of AGC Networks listed in India for $44.5 million or Rs 206.18 crore at Rs 245 per share. The deal is subject to regulatory requirements and completion of the mandatory offer.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
The Australian dollar which had dropped on May 28 after Fitch downgraded Spain from AAA to AA+ was little changed today, as the debt downgrading contributed to market jitters.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 31 May, 2010
- New York City
European stocks traded higher despite a downgrade of Spain''s sovereign debt rating. Euro-zone economic confidence deteriorated and inflation accelerates to 1.6% in May. Polish economic growth slows in the first quarter.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
The Japanese stocks closed higher after regaining losses in the day on strong earnings growth in pharma companies, leading the Nikkei 225 Stock Average to rise. The broader Topix index increased with advancing stocks leading the declining stocks by a margin of two-to-one.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 31 May, 2010
- New York City
Stocks in Shanghai and Hong Kong declined after a rating agency downgraded Spain
- 123jump.com Staff
- 31 May, 2010
- New York City
Sales up 0.3% to $3.14 billion & net income fell 31% to $134 million or 15 cents a share. Operating profit fell 8% as anticipated & the corresponding margin fell 240 basis points to 22.3%. Underlying operating profit fell 6% & margin decreased primarily due to the flow-through on lower revenues.