- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 May, 2010
- New York City
Indian rupee strengthened on a global rally led by Asian stocks and improved investor risk appetite in emerging markets. The benchmark index also gained after closing at a three-month low on May 25.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 28 May, 2010
- New York City
Hong Kong stocks advanced while Shanghai Composite Index trimmed gains and fluctuated as property stocks and banks dropped while drug-makers traded higher on the prospect of increased government spending.
- Arthi Gupta
- 28 May, 2010
- New York City
British insurer Prudential Plc confirmed today that it is renegotiating with American International Group Inc. regarding purchase terms of AIG''s Asian insurance unit, American International Assurance Co. Ltd. or AIA.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 27 May, 2010
- New York City
Stocks in New York and Europe soared on positive news on earnings and economic austerity measures. Spain won parliament approval to cut spending and Italy prepares to eliminate $30 billion in spending. China rejected media speculation that may divest or shift away from euro-zone debt.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 27 May, 2010
- New York City
European indices rose 2% as China denied media speculation on its foreign debt holdings. Inflation in Germany increased 1.2% in May and French consumer confidence continued its downward trend in the month. Italian hourly wages increased 0.3% in April.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 27 May, 2010
- New York City
UK stocks surged tracking gains in Europe and the U.S. after China denied media speculation that it may cut its holdings of European government bonds. U.K. retailers expect sales to fall in June. Weir Group, Mitsubishi Heavy Industries sign cooperation agreement.
- Mayank Mehta
- 27 May, 2010
- New York City
NetApp, Inc. led gainers in the S&P 500 index with a rise of 13.0%. Heinz fourth quarter net up 10% and sales up 8.3%. Big Lots quarterly profits rise. Costco third quarter net up 46% and comp sales up 10%. Jo-Ann Stores doubles profit.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 27 May, 2010
- New York City
China refuted media speculation that it is looking to shift away from the exposure to euro-zone debt. The statement from the People
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 27 May, 2010
- New York City
U.S. stocks tracked gains in Asia and Europe on positive earnings momentum and after China refuted media speculation that it is likely to stay away from the euro-zone sovereign debt. The first quarter estimate of the U.S. GDP was lowered to 3% increase and weekly jobless claims declined 14,000.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 27 May, 2010
- New York City
The Sensex 30 index gained after markets in Asia closed higher and European markets rebounded after China refuted media speculation that it may shy away from the euro-zone sovereign debt.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 27 May, 2010
- New York City
The benchmark index in Australia rose 1.7% leveraged by commodity stocks as the government announced that it is prepared to lift the threshold definition of a super-profits tax from 6% to 11% or 12%, is the same as the petroleum resources rent tax.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 27 May, 2010
- New York City
The stock indexes in Tokyo trading gained more that 1% as investors discounted media speculation on China
- 123jump.com Staff
- 27 May, 2010
- New York City
Revenues rose 8% to $536.5 million and net loss was $47.8 million or 2 cents a share. Total operating expense declined from the prior quarter by $23 million to $295 million. Operating expense declined 4% compared with the first quarter of 2009. Customer margin receivables in the U.S. grew by 5%.
- Chandrasekhar Atreya
- 27 May, 2010
- New York City
India based consumer goods major Marico Ltd acquires Singapore-based skin care firm Derma Rx for an undisclosed sum to expand its reach further in Middle East and Southeast Asia.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 26 May, 2010
- New York City
U.S. stocks rebounded in the morning trading on better than expected durable goods orders sales and new home sales in April. Stocks struggled in the afternoon and closed lower. Apple Inc closed as the most valuable technology company and the second most valued U.S. company, only behind ExxonMobil.