- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 13 May, 2010
- New York City
Nikkei 225 Stock Average rebounded on the weakening yen and improving profit outlook for exporters. Current account surplus surged 65% in March and bankruptcies declined 13% in April. Bank of Japan begins dollar lending operation.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 13 May, 2010
- New York City
Stocks in Mumbai closed higher on the prospect of improving economic growth and earnings. Nitesh Estates closes below its initial public offer price. Sara Lee agrees to sell its 51% stake in the Godrej Sara Lee Ltd. Thermax indicated better outlook in the current fiscal year.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 May, 2010
- New York City
U.S. stocks trade cautiously as jobless claims fell and concerns about the the euro crisis ease. U.S. dollar soars to one-week high against the euro. April import price index rises 0.9% and export prices increase 1.2%. Weekly jobless claims decrease 4,000. SAP AG buys Sybase for $5.8 billion.
- Mayank Mehta, Arthi Gupta and Darlington Musarurwa
- 12 May, 2010
- New York City
U.S. indexes accelerated gains in the late afternoon on rising optimism. Better than expected earnings at companies in U.S. and Europe and deal talks to acquire Fidelity National also supported the sentiment. Niska Gas Storage Partners LLC completed initial public offering to raise $359 million.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
Indexes in Hong Kong and Shanghai closed higher but consumer stocks fell on the worries of rising interest rates. China Railway Construction wins nearly $500 million contract. Zijin Mining agrees to buy 60% stake in Congo Mining Company.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
European indexes gained on positive earnings from Deutsche Telekom, Allianz, ING, Natixis and Aegon. Euro-area GDP increased 0.2% in the quarter to March industrial output gained 1.3% in the month. Spain announced austerity measures to trim government spending.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
U.K. stocks rise after Prime Minister David Cameron pledged to cut budget deficit as soon as possible. Unemployment rate in the first quarter to March was 8.0% and GDP increased by 0.2%. Towers Watson & Co. profit drops after merger.
- 123jump.com Staff
- 12 May, 2010
- New York City
XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4%. Fidelity National shares rise on deal talk. Walt Disney quarterly net surges 55%. Electronic Arts Inc swings to a profit in fiscal fourth quarter. Ambac drops after it delays its quarterly regulatory filings.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 12 May, 2010
- New York City
Stocks in Mumbai traded higher after industrial production increased in March. The rise in production of more than 10% for the sixth month in a row prompted worries of higher inflation. Rupee gained. Bajaj Auto fourth quarter net triples in the fourth quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
U.S. stocks traded higher after March trade deficit widens and private equity groups partner to acquire Fidelity National Information. Markets in Europe were calm after Spain pledged to cut expenses and the bonds of Spain and Greece gained.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
Stocks in Japan struggled as the yen gained and banks declined. Latest read of economic data suggested an improvement in economic conditions. Foreign reserves assets rise above $1 trillion. Toyota estimated latest years net to rise 48% and Olympus dropped after it estimated net to decline 56%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
The Australian dollar and stocks fell after the government proposed to return to a budget surplus in three years. Mortgage lending shrinks 1.4% in March. Transurban rejects A$7.2 billion offer. Commonwealth Bank fiscal first quarter earnings increase 30%.
- 123jump.com Staff
- 11 May, 2010
- New York City
U.S. indexes and world markets cooled after more doubts arise on the EU bailout plan. Greece already tapped the emergency fund by the EU to pay for the bonds next week. Stocks traded higher but sold off in the late afternoon as the dollar and gold gained. Gold surged $33.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 11 May, 2010
- New York City
U.K. stocks weaken as doubts persist over the implementation of the European Union''s bailout package. Commodity stocks decline as metal and oil prices fall. Political deadlock continues in the UK but the prospects of a Lab-Lib alliance improve. The UK output rises 2.0% in March.
- 123jump.com Staff
- 11 May, 2010
- New York City
European stocks fell amid concerns the proposed $1 trillion rescue package may not offer a long-term solution to the region''s fiscal woes. The euro fell to 4-day low. Wholesale price index for April rises 6% Germany. Deutsche Post AG profit rises 85%.