- Devan Biswas
- 15 Apr, 2011
- New York City
Stocks in Mumbai trading dropped after Infosys guided lower than expected growth in sales and revenues in the current quarter. The outsourcing company plunged as much as 10%. The latest read on wholesale inflation showed a decline to 11.40%.
- Devan Biswas
- 15 Apr, 2011
- New York City
China reported faster than expected economic expansion in the first quarter and inflation gained in March to 5.4%, a month after Lunar Year holiday. Steelmakers and banks closed higher but Angang Steel plunged 5% after it estimated earnings fall of 95% in the first quarter.
- Nigel Thomas
- 15 Apr, 2011
- New York City
Stocks in Japan declined on the worries that China may tighten lending conditions and weak U.S. employment data and rising worries of sovereign debt stress in Europe. Minister of economy clarified that the government expects Tepco to pay for the costs related to nuclear power plant.
- Marcus Jacob
- 15 Apr, 2011
- New York City
Australian stocks declined as commodities fell after China reported faster than expected economic expansion in the first quarter. March inflation increased at the fastest pace in nearly three years. Miners and energy stocks declined.
- Bikram Pandey
- 14 Apr, 2011
- New York City
U.S. stocks traded sideways as the lawmakers pass the budget cuts agreed with the President Obama. Zipcar soared 75% on its first day of trading as investors support seven public offerings that are expected to raise $1.9 billion. Glencore prepares for a dual-listing that may raise $11 billion.
- Mukesh Buch
- 14 Apr, 2011
- New York City
Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 mn.
- Arthi Gupta
- 14 Apr, 2011
- New York City
The UK indexes slid on concerns of inflation. UK consumer confidence improved in March. The Irish economy is forecasted to grow in 2011. WH Smith surged after first-half pre-tax profit rose 3.2%.
- Arthi Gupta
- 14 Apr, 2011
- New York City
The U.S. indexes traded lower after weekly jobless claims rose 27,000 to 412,000. U.S. producer prices climbed less than anticipated and foreclosure filings dropped in March and the first quarter. Hasbro quarterly net dropped.
- Arthi Gupta
- 14 Apr, 2011
- New York City
The European indexes declined on rising commodity prices. Glencore is expected to raise as much as $11 billion in a dual listing in London and Hong Kong. Danone quarterly sales rose 19% and Roche reported group net sales declined 9%.
- Devan Biswas
- 14 Apr, 2011
- New York City
Stocks in Hong Kong and Shanghai rested ahead of inflation data tomorrow. A surge in inflation in March is expected to surpass 5% increase, ahead of government target. Hong Kong residential prices cross the previous peak in 1997 on low interest rates.
- Nigel Thomas
- 14 Apr, 2011
- New York City
Stocks in Tokyo eased as investors face a daunting task of assessing the production losses across several industries. 123jump.com survey conducted in last two weeks suggested production loss of as much as 15%. Foreigners added $4.6 billion of net new stocks in the first week of current fiscal year.
- Darlington Musarurwa
- 14 Apr, 2011
- New York City
Hungarian industrial production accelerated in February and retail sales in the Netherlands surged. Norwegian home prices increased 5.1% in the first quarter. Greece jobless rate rose to record 15.1% in January. Swiss economic sentiment improved in April.
- Marcus Jacob
- 14 Apr, 2011
- New York City
Australian stocks declined ahead of G-20 finance meeting and China economic data. Several mining companies announced or completed fund raising totaling $250 million. NRW Holdings estimated 2011 sales to increased 15% but earnings will be at the lower end of the estimates.
- Bikram Pandey
- 13 Apr, 2011
- New York City
U.S. indexes gained and oil rebounded on economic optimism a day after the IMF lowered the world economic assessment. Industrial production accelerated in Europe. Markets in Japan and Asia gained ground.
- Mukesh Buch
- 13 Apr, 2011
- New York City
Adtran first quarter net income surged 88%. Energy Rock agreed to acquire Crow Creek Energy for $525 Million. JPMorgan first quarter net income soared 67% to $5.56 billion. Silgan Holdings agreed to acquire Graham Packaging for $4.1 billion.