- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 04 Jun, 2010
- New York City
U.S. stocks fall after employment increases by 431,000 and unemployment rate declined to 9.7% in May on census jobs. The euro declined after comments from Hungarian officials. Finance ministers of G-20 nations meet in Korea to determine new capital requirements for banks.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Baoshan Iron & Steel Co, China
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
The Reserve Bank of India needs to consider the credit crunch created after payment of license fees for 3G phone services drained cash from the system, said Kaushik Basu, Chief Economic Advisor in the finance ministry.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 03 Jun, 2010
- New York City
Australia
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Australian dollar fell after rising for two days as metal prices weakened. It traded at 84.60 U.S. cents at the end of the day in Sydney.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 04 Jun, 2010
- New York City
Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 03 Jun, 2010
- New York City
UK indexes gain on positive economic data and earnings momentum. UK house price index rises 0.5% month-on-month and service sector expands for a thirteenth consecutive month in May.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 02 Jun, 2010
- New York City
UK stocks fall after U.S. threatens civil and criminal probes against BP Plc. UK construction sees strong growth during May. UK mortgage approvals increase in April but M4 money supply remains flat. Jupiter Investment Management prices IPO.
- Mayank Mehta
- 03 Jun, 2010
- New York City
AutoNation, Inc. led gainers in the S&P 500 index with a rise of 4.9%. AutoNation''s May retail new vehicle unit sales up 22%. BJ''s same-store sales rise 3.5%, excluding gas. Ross Stores May same-store sales jump 5%. American Eagle Outfitters same-store sales dip 3%.
- Mayank Mehta
- 02 Jun, 2010
- New York City
Best Buy Co., Inc. led the decliners in the S&P 500 index with a loss of 3.6%. Energy stocks rise. JoS A Bank profit up 38%. Lionsgate fiscal 2010 loss narrows to $19.5 million.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 03 Jun, 2010
- New York City
European markets advance after positive U.S and euro area economic data. The euro area services purchasing managers'' index rises to 56.2 in May. Ahold N.V. quarterly profit rises 46%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 02 Jun, 2010
- New York City
Rupee loses further after shedding 80 paisa yesterday. Stocks in Mumbai traded higher on infrastructure awards. Tata opens Sanand plant for Nano. Emirates Telecom is in talks for Reliance stake. Reliance Infra wins Delhi-Agra NHAI project.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 02 Jun, 2010
- New York City
European markets close lower on the growing threat of civil and criminal penalties against BP Plc. Banking stocks led the decline. Euro area producer price inflation surges 0.9% in April. Portugal Telecom announces a revised proposal from Telef
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 02 Jun, 2010
- New York City
China stocks rise for first time in four days as developers and brokerages gain. Hong Kong stocks fall after Bank of China started its 40 billion yuan convertible bond sale. Fujian Cement plans to buy rights issue of Industrial Bank. Galaxy Entertainment Group first quarter EBITDA rises 79%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 02 Jun, 2010
- New York City
Stocks in Japan fell after Prime Minister Yukio Hatoyama said he will resign after his popularity plunged on wavering stance on campaign pledges and backtracking on the removal of U.S military base in Okinawa.