- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 29 Apr, 2010
- New York City
European stocks rebounded as Siemens profit surged 54%. Banco Santander SA net increase 6% in the quarter and Bayer posts 63% rise in first quarter net. ArcelorMittal returns to profit in the first quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 29 Apr, 2010
- New York City
In nervous trading U.K. stocks closed higher as positive earnings lifted select stocks. Unilever Plc, BSkyB and AstraZeneca gained on higher earnings. Mortgage approvals increased 4.6% in March and home prices in April increased as higher demand.
- Mayank Mehta
- 29 Apr, 2010
- New York City
Akamai Technologies, Inc led gainers in the S&P 500 index with a rise of 16%. Exxon Mobil net climbs 38%. Kellogg announces $2.5 billion buyback. ConocoPhillips net income more than doubles. Waste Management net income climbs 17%. Fortune Brands quarterly profit jumps to $72 million.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 29 Apr, 2010
- New York City
Stocks in Australia rebounded after world markets and commodities prices gained. Home price increase growth in March quarter declined to 3.1% from 5.3% in the previous quarter as the recent rate hike takes hold. First half profit at ANZ increased 36%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 29 Apr, 2010
- New York City
The benchmark Sensex index rebounded from the largest one day drop in three months on better than expected earnings, recovering global markets and inflation data. Food price declined in the period. The government launched disinvestment with the proposed 10% stake sale in SJVN Ltd.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 29 Apr, 2010
- New York City
U.S. stocks traded higher after weekly jobless claims declined. Hewlett Packard agreed to acquire Palm Inc for $1.2 billion. Visa Inc second quarter net surged 33%. Aetna Inc quarterly net increased 29%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 28 Apr, 2010
- New York City
Fed left its interest rate target near zero and noted that though the economic activities are picking up, labor markets remain weak and substantial resource slack continue to restrain cost pressure and rates are likely to remain low for an extended period of time.
- Mayank Mehta
- 28 Apr, 2010
- New York City
Property developers led the decliners in Hong Kong and Shanghai trading. China postponed a residential land auction to next month after bids exceeded the upper limit set by the government. Beijing will issue new directive for second and third homes in the city.
- Mayank Mehta
- 28 Apr, 2010
- New York City
Robert Half International Inc led the decliners in the S&P 500 index with a loss of 11%. Wyndham profit rises. General Dynamics net income up 1.2%. Hess Corp swings to profit on revenue increase of 34%. AOL earnings drop 58% in first quarter. Sprint Nextel loss widens.
- Mayank Mehta
- 28 Apr, 2010
- New York City
UK stocks closed lower despite positive earnings. The situation in euro zone took another negative turn after the rating agency S&P lowered Spain debt rating a day after Greece and Portugal debts were downgraded. Investors are worried that without a speedy political solution Greece may default.
- Mayank Mehta, Arthi Gupta and Darlington Musarurwa
- 28 Apr, 2010
- New York City
European stocks declined as Greek bond yields surge to record level and bonds of Portugal and Spain decline sharply. The euro dropped to one-year low against the dollar. Merck KGaA and Puma decline. Continental AG sees 2010 sales up as much as 10%. Rhodia SA swung to a quarterly profit.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 Apr, 2010
- New York City
Stocks in Japan dropped sharply after world markets declined. Rating downgrade of Greek and Portugal debt raised fears of wider contagion in the euro region. Japan Airlines accelerated route cuts and estimated loss in the year. March retail sales surged at the fastest pace in thirteen years.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 Apr, 2010
- New York City
The benchmark index in Australia declined 1.2% after world markets dropped. A downgrade of Greek and Portugal debt lifted bond yields to record high and the euro fell nearly 1%. Macarthur Coal third quarter sales surge 50%. In Sydney trading banks declined.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 Apr, 2010
- New York City
World market declines overshadowed positive earnings dragging market indexes and rupee lower. Bharti Airtel Ltd fourth quarter profit declined 8% on severe price competition. Canara Bank quarterly net profit gained declined 30%. LIC Housing Finance Limited quarterly net rose 36%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 Apr, 2010
- New York City
U.S. stocks at the opening braved fast spreading contagion worries in Europe. Positive earnings lifted stock indexes in New York however market indexes in Europe and Asia declined. Talks of Greek bond defaults are increasingly viewed with greater certainty as 2-year Greek bonds surge to 23%.