- 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.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 Jun, 2010
- New York City
European markets extend their gains for a ninth consecutive session after China decides to lift the peg of its currency against the dollar. Portugal producer prices rises 0.4% in May. Hungary Central Bank maintains key policy rate unchanged at 5.25%.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
Stocks gained in Australia after China eased it yuan peg. Telstra surrenders copper fixed lines to government in A$11 billion deal. Government signs ten trade pacts with China. Sigma Pharmaceuticals Ltd and shareholders are likely to settle class action lawsuits.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
Stocks in Japan end at one-month high after China permitted the float of the yuan. Honda Motor Co and Toyota Motor Corp hiked wages to end strikes in parts factories in China. Premier Naoto Kan is scheduled to unveil his plan to bring down the debt.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
China stocks gained the most in a fortnight, led by banks, airlines, and property firms after the government permitted a slow rise in the yuan.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
Stocks in Mumbai traded higher across all sectors after the government permitted life insurance companies to issue policies linked to stocks. Saudi construction firm agrees to buy stake in Maytas Infra. Bonus issue plans at Orbit Corporation and Tata Tea lifted stocks.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 Jun, 2010
- New York City
U.S. stocks traded higher after China allowed the yuan to trade more freely against the dollar. U.S.-based Corn Products agrees to buy National Starch unit for $1.3 billion and Valeant agreed to merge with Biovail.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
U.S. stocks traded sideways as global markets remain flat. BP Plc management faced penetrating questions about its safety record in the Gulf of Mexico as U.S. lawmakers increase pressure on the oil giant. Commodities traded mixed and gold raced to record high.
- Mayank Mehta
- 18 Jun, 2010
- New York City
Amylin Pharmaceuticals, Inc. led gainers in the S&P 500 index with a rise of 14.3%. Tutor Perini awarded three contracts totaling $467 million. Strike shuts Toyota part supplier in China.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 18 Jun, 2010
- New York City
The UK indexes rose on optimistic economic data. The broadest measure of money supply decreased by
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 18 Jun, 2010
- New York City
European markets continue to rise after eight sessions of straight gains. German producer prices rise 0.3% in May. Spanish bank Banco Santander