- Arthi Gupta
- 25 Oct, 2010
- New York City
U.S. stocks traded higher after the G20 finance chiefs pledged to avert currency wars. Singapore Exchange agreed to acquire the operator of Australian Stocks Exchange for A$8.4 billion. CommScope confirmed talks with the Carlyle Group. BP agreed to sell interests in four Gulf of Mexico fields.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Mumbai stocks continued the advance on earnings outlook. Growth in imports exceeded the exports and lifted the trade deficit in the first half to $63 billion. Prime Minister Manmohan Singh in a two-day visit to Japan plan to discuss investment in infrastructure and nuclear power projects.
- Mukesh Buch
- 25 Oct, 2010
- New York City
Stocks in Mumbai traded higher tracking gains in Asian markets. Bajaj Auto Ltd rose after the company was added to the benchmark index Sensex 30 index. D B Corp second quarter net gained 25.1%. Finolex Cables Ltd declined after quarterly net plunged 34%.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Stocks in China soared to a six month high on earning and profit outlook as well as commodity prices. Hong Kong stocks push the benchmark higher despite SGX offer to acquire ASX. AIA, the Asian insurance arm of AIG completed the public offering to raise $17.9 billion in Hong Kong.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Japanese stocks were nearly flat with the yen trading at 15-year high and ahead of earnings this week. Trade surplus for September soars but growth of export slows. Prime Ministers of India and Japan look for joint developments of infrastructure, nuclear power and rare earth exploration projects.
- Chandrasekhar Atreya
- 25 Oct, 2010
- New York City
Australian shares surged on takeover activity and resurgent markets in Asia. Singapore Stock Exchange offers $8.4 billion for the Australian Stock Exchange. Australian dollar hovers just under parity
- 123jump.com Staff
- 24 Oct, 2010
- New York City
The semiconductor company reported revenue rose 16% to $1.62 billion in the quarter. Net quarterly loss narrowed 8% to $118 million as revenue increased and gross margins improved. The company lost 17 cents a share compared to a loss of 18 cents a share in the year-ago quarter.
- 123jump.com Staff
- 23 Oct, 2010
- New York City
The Internet search engine stated quarterly revenues rose 23% to $7.29 billion. Net income in the quarter soared 32% to $2.17 billion helped by improved economic conditions and increase in advertising budgets. Earnings grew to $6.72 per share, versus $5.13 per share in the prior-year quarter.
- Bikram Pandey
- 22 Oct, 2010
- New York City
American Express traded lower and reported quarterly net soared 71%. Amazon.com quarterly sales rose 39%. China based search engine said quarterly net more than doubled. United Parcel Service, Inc quarterly net soared 81%.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Mumbai benchmark index closed lower on Friday but gained 0.2% for the week. Coal India offering is oversubscribed fifteen times. Infosys plans to invest $100 million in China expansion.
- Mukesh Buch
- 22 Oct, 2010
- New York City
Ambuja Cements Ltd declined after quarterly net declined 52% and Binnani Cement Ltd second profit plunged 98%. Bajaj Corp Limited declined 4% after latest quarterly net declined 19%. TCS said quarterly net increased 14%.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Stocks in China dropped led by financials offsetting gains in the automotive and industrials. Retail sales grew 19% while pace of industrial growth, infrastructure spending and profits at state-owned enterprises slowed in September.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Japanese stocks gained on better-than-expected earnings outlook and a drop in jobless claims in the U.S. Japan takes stock of local rare earth inventory and prepares to sign agreement to develop these products with Vietnam. JFE Holdings swings back to profit in the first half of the current year.
- Chandrasekhar Atreya
- 22 Oct, 2010
- New York City
Australian shares traded sideways but gained marginally. A wind farm project in Victoria to generate 248 megawatts gets approval. BG Group and Santos win approval for the first project to extract natural gas from coal seams in Queensland.
- Bikram Pandey
- 22 Oct, 2010
- New York City
U.S. stocks held their recent advances as deal activities heat up. American Express, UPS, Amazon and Nestle, SanDisk and Schlumberger reported rising earnings. All members of the European Union reported budget deficit in 2009. The dollar slides as G-20 financial leaders conclude currency talks.