- Mayank Mehta and Darlington
- 27 Apr, 2010
- New York City
Market indexes declined in Shanghai and Hong Kong fell on the worries that China will tighten lending and oversight of property developers. Banks declined in Shanghai. China Vanke declined after the developer said earnings dropped 53%.
- Chandrasekhar Atreya
- 27 Apr, 2010
- New York City
Inflation worries took the air from the market rally. Comments from RBI Governor Rao reignited fears that interest rates will rise faster than expected. Punjab and Sind Bank plans to list the bank in a public offering. India may sell a stake in Indian Oil Corporation.
- Darlington Musarurwa
- 27 Apr, 2010
- New York City
European indexes dropped as fears of Greek default take hold. S&P lowered Greek bond ratings by three levels to junk and Portugal debt by two notches to A-. Deutsche Bank Profits Soared 48%. Daimler AG swung to a quarterly net profit on sales rise of 13%
- Arthi Gupta
- 27 Apr, 2010
- New York City
UK stocks closed lower tracking weakness in the euro zone markets. Weak metals and commodities also dragged the sentiment. Lloyds Banking Group estimated 2010 net income. BP Plc first quarter revenues surged 55% and net more than doubled. Imperial Tobacco Group PLC lifts dividend 16%.
- Mayank Mehta
- 27 Apr, 2010
- New York City
Tellabs, Inc led gainers in the S&P 500 index with a rise of 9.6%. Valero Energy swings to first quarter loss. 3M posts higher quarterly profit. duPont boosts 2010 guidance as earnings soar. Tyco plans a spin-off of electrical products segment.
- Chandrasekhar Atreya
- 27 Apr, 2010
- New York City
Better than expected earnings contributed to positive sentiment in Tokyo trading. Sharp Corp and Mazda Motor Corp lifted annual outlooks. Nippon Yusen, Mitsui OSK and Kawasaki Kaisen estimated higher profits on improved freight rates.
- Darlington Musarurwa
- 27 Apr, 2010
- New York City
Australian dollar traded lower after investors fear debt worries of Greece may spread to Portugal, Spain and Ireland. Producer prices in three months to March increased 1% but declined 0.1% from the quarter a year ago.
- Arthi Gupta
- 27 Apr, 2010
- New York City
U.S. stocks traded lower as investors fear Portugal, Spain and Ireland may struggle to repay sovereign debts. Greek 2-year bond yields soared to 15% and Athens benchmark index plunged 5% on the rising default probabilities. Deutsche Bank, Ford, DuPont reported better than expected earnings.
- 123jump.com Staff
- 27 Apr, 2010
- New York City
Revenues rose 20% to $116 million and net income fell 8.5% to $25.1 million or 60 cents a share. Operating margins in the first quarter contracted to 23.3%. By business segment gross margins for application outsourcing was 35.7%, KPO was 70.1%, e-Business was 45.1% and TeamSourcing 55.4%.
- 123jump.com Staff
- 26 Apr, 2010
- New York City
U.S. stocks struggled to hold earlier gains at close as lawmakers bicker on financial reforms. U.S. Coast Guard officials are struggling to contain oil spill near Louisiana that now covers 1,800 square miles. Charles River Laboratories agreed to acquire China based WuXi Pharma Tech for $1.6 billion.
- 123jump.com Staff
- 26 Apr, 2010
- New York City
Stocks in Hong Kong closed higher tracking gains in international markets but indexes in Shanghai declined after regulators tightened oversight of the property developers. Charles River Labs agrees to acquire WuXi Pharma $1.6 billion. L
- Mayank Mehta
- 26 Apr, 2010
- New York City
The euro traded lower and stocks closed higher after Germany demanded credible budget deficit cut from Greece. Air Liquide first quarter revenue up 5.2%. L
- Mayank Mehta
- 26 Apr, 2010
- New York City
UK stocks closed higher after home prices increased in April and Carphone Warehouse raised its annual outlook again. Bank of Ireland to raise
- Mayank Mehta
- 26 Apr, 2010
- New York City
DeVry Inc. led the decliners in the S&P 500 index with a loss of 6.0%. Whirlpool shares surge 14% on improved outlook. Humana first quarter earnings increase and ahead of expectations. Caterpillar swings to a first quarter profit. Hertz agrees to acquire Dollar Thrifty for $1.2 billion.
- Mayank Mehta
- 26 Apr, 2010
- New York City
Stocks in Mumbai traded higher after better than expected earnings from Maruti Suzuki, Godrej Consumer Products and ICICI Bank and HDFC Bank. Reliance Industries net surged 30%, lower than expected. Coal India Limited is preparing to raise $2.7 billion by July.