- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 17 May, 2010
- New York City
Hong Kong shares fall across the board. Goldwind receives the H-share initial public offering. Qatar Petroleum, Shell and Petrochina sign new exploration and production sharing agreement. Beiqi Foton plans to build a new unit in Shandong. Evergrande is set to extend discounts.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 17 May, 2010
- New York City
There is room for negotiation in the 40% proposed super profit mine tax. BHP says new tax makes Australia less competitive. Queensland government plans a public offering to sell part of its rail assets. Elders Ltd. profit rises to A$1.1 million in the first half.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 17 May, 2010
- New York City
Astellas Pharma makes a revised offer to buy OSI Pharmaceuticals. Japan
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 May, 2010
- New York City
European indices decline on persistent concerns over Europe''s economic woes. Euro plunges to 4-year low versus dollar. Hochtief AG first quarter order backlog surges. Wipro teams with SAP to develop deliver sustainability solutions.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 17 May, 2010
- New York City
Stocks in Mumbai fell most in three months on the ongoing eurozone worries and sharp declines in Asian markets. Monsoon is forecasted to arrive ahead of schedule. Oil stocks slide as crude declined. ABB is aiming to increase stake in Indian unit to 75%. Madhucon postpones its IPO by a year.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 May, 2010
- New York City
U.K. stocks gain but a slowdown in U.K. house price growth raises concerns about the health of the economy. The pound hits a 13-month low against the dollar. Prudential launches $21 billion rights issue. Man Group agrees to acquire GLG for $1.6 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 May, 2010
- New York City
U.S. stock futures fall as traders weigh the lingering European debt crisis and the tumble of the euro to a 4-year low. The European markets have recouped their early losses and are moderately higher. Astellas agreed to buy OSI Pharma for $4 billion. Lowe''s, GM first quarter profit rises.
- Mayank Mehta, Arthi Gupta and Darlington Musarurwa
- 14 May, 2010
- New York City
Euro-zone breakup talks gained considerable momentum after Paul Volcker and others expressed doubts on the health of the region. Euro dropped to 18-month low and gold reached a new high. Oil fell as much as 4%. Chinese debt auction drew less than expected interest for the second time in a month.
- 123jump.com Staff
- 14 May, 2010
- New York City
Visa Inc and MasterCard Inc dropped as much as 10% after Senate approved a late hour amendment to the bill that empowers the Federal Reserve Bank to limit interbank charge.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
The euro touched an 18-month low on concerns that the austerity measures in the euro-zone may slow growth. EADS NV and Banca Monte dei Paschi di Siena SpA report lower profits.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
U.K. stocks fall as investors seek refuge in safe-haven currencies. Investors are still jittery about the debt crisis in Europe and the sufficiency of the $1 trillion package to the EU region. Monthly average price of residential property rises. Wolseley plc doubles trading profit.
- Mayank Mehta
- 14 May, 2010
- New York City
Newmont Mining Corporation led gainers in the S&P 500 index with a rise of 1.8%. ITC affirms. Dillard''s net income jumps by six fold. Blockbuster swings to quarterly loss of $67.1 million. Nordstrom profit increases 43% on same-store sales gains.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 14 May, 2010
- New York City
U.S. stocks decline following losses in Europe and gold surged to a record high. U.S. economic data pointed improving conditions with retail sales rising 0.4% in April. Noranda Aluminum slashes IPO by 66%. CA Inc, Nordstrom and JC Penney report higher earnings.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 14 May, 2010
- New York City
Stocks in Shanghai dropped today and for the year declined more than 20%. China plans to encourage private investment in hospitals, community health services. Poly Real Estate''''s contracted sales rise 16.2% in the year to April. Hedge fund manager Soros took a stake in Alibaba.com.