- Chandrasekhar Atreya
- 11 May, 2010
- New York City
Qatar Holdings has agreed to buy the world famous London Department stores Harrods from Al-Fayed in a deal of 1.5 billion pounds, including Harrods Estate and a charter aircraft service.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 20 May, 2010
- New York City
U.S. stocks plunged as investors worry that financial crisis in Europe is developing into a fiscal crisis in the region. U.S. stocks dropped for the sixth day in a row on a weakness in industrial stocks with international sales. Tech heavy Nasdaq dropped nearly 4%.
- Mayank Mehta
- 20 May, 2010
- New York City
GameStop Corp led gainers in the S&P 500 index with a rise of 6.2%. Dr Pepper Snapple Group raises quarterly dividend 67% and Tiffany by 25%. MF Global net loss narrows and plans as much as 15% staff. GameStop quarterly profit rose to $75.2 million. Dollar Tree net income increases 5%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 20 May, 2010
- New York City
European markets accelerated declines in the late afternoon as the tensions rise in the region and the euro traded weak. Markets in the region and UK dropped between 2.2% and 3%. Valeo SA buys 100% of Electrical Systems venture in India. Air France-KLM Group net loss surged to
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 20 May, 2010
- New York City
UK indexes dropped more than 2% after European markets declined between 2% and 3%. The pound declines amid U.K. retail trade report. National Grid rights issue is estimated to raise
- Mayank Mehta, Arthi Gupta and Darlington Musarurwa
- 20 May, 2010
- New York City
U.S. stock and world markets declined for the sixth day in a row as the euro zone worries stay in the focus of investors. Initial jobless claims increased 25,000. Accretive Health prices its offering below the initial range. Symantec acquires the security business of VeriSign for $1.28 billion.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 20 May, 2010
- New York City
Stocks in Hong Kong and Shanghai dropped on the weak global market sentiments and worries of more property market curbs. Bank of Beijing receives approval to issue 10 billion yuan of subordinated bonds. Industrial Bank plans to raise $2.6 billion through a rights issue.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 20 May, 2010
- New York City
Stocks in Mumbai closed higher after 3G license auction drew nearly twice the revenue that estimated. ONGC and Oil India surged after the government increased the natural gas price terms. Inflation surged in the latest read.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 20 May, 2010
- New York City
The Australian dollar dops to an eight-month low against the US dollar. Western Australia expects to post A$290 million surplus. Healthscope receives a revised bid from a private equity consortium. Super-profit tax continues to be controversial in Australia.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 20 May, 2010
- New York City
The gross domestic product of Japan expanded at 4.9% rate in the first quarter. Resona Holdings plans to buy back the government stake. Large firms to increase bonuses for the first time in two years.
- Mayank Mehta, Arthi Gupta and Darlington Musarurwa
- 19 May, 2010
- New York City
U.S. stocks wobbled as European markets and commodities gyrated on weakness in the euro region. U.S. home mortgages rose to a record high to 4.63%. U.S. Fed lifted its economic growth outlook.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 19 May, 2010
- New York City
Markets in Europe fell and derivatives markets turned volatile after Germany extended ban on derivatives exposure without the collateral. The euro hit a four-year low against the dollar. EU construction rises 7.6% in March. China
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 19 May, 2010
- New York City
U.K. stocks decline on concerns tighter regulation as Germany banned short-selling of some bonds. Bank of England was unanimous to keep rates at record low on May 10. Pearson plc buys Melorio. RBS announces sale of RBS Factor S.A. Land Securities, Experian PLC profits rise.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 19 May, 2010
- New York City
Stocks decline led by property developers. CSCEC plans to build Shenzhen''s third tallest building. Nanjing Iron & Steel to acquire coal mining assets in Anhui. CNOOC confirms oilfield development deal in Iraq.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 19 May, 2010
- New York City
Australia