- Chandrasekhar Atreya
- 18 Jan, 2011
- New York City
Shanghai stocks stayed little changed after dipping to a 15-week low on Monday. M&A activities surge 27% to more than $200 billion and FDI soars 17.4% to $105.74 billion in 2010. Profits at state-run enterprises soars 37.9% to 1.99 trillion yuan.
- Chandrasekhar Atreya
- 18 Jan, 2011
- New York City
Japanese stocks rallied to push the Topix index up for the first time in three days. Toyota Motor resumes production at 11 plants after heavy snowfall on Monday. Russia based OAO Gazprom appoints Japan to construct a LNG plant near Vladivostok.
- Chandrasekhar Atreya
- 18 Jan, 2011
- New York City
Stocks in Sydney rebounded with a rise in financials, material and energy stocks. Australia appoints a business task force to help Queensland recover from flood ravages. Brisbane returns to normal slowly, Victoria starts evacuations. Prices of thermal coal rises 5% as mines struggle to restart.
- Arthi Gupta
- 17 Jan, 2011
- New York City
The UK indexes fell after home prices rose in January. Rolls-Royce agreed to supply gas turbines and waterjets to the U.S. Navy. BP formed alliance with Russia-based Rosneft and also won four Australian deepwater licenses.
- Arthi Gupta
- 17 Jan, 2011
- New York City
The European indexes traded sideways ahead of the European finance ministers meeting in Brussels. Fitch lowered Greece ratings to junk. OPEC lifted global oil demand growth forecast for 2011. VimpelCom Board approved deal with Wind Telecom.
- Bikram Pandey
- 14 Jan, 2011
- New York City
U.S. stocks closed higher for the seventh week in a row and two popular benchmarks the Dow and the S&P are near 30-month high. Financials rallied on the back of earnings from JPMorgan and AIG repaid $21 billion to the Fed. Gold declined after China lifted bank reserve requirements.
- Mukesh Buch
- 14 Jan, 2011
- New York City
AT&T estimates pre-tax charged $2.7 billion in the fourth quarter. American Capital priced public offering at $28 per share. Intel Corp. fourth quarter revenue rose 8% to $11.46 billion. JPMorgan fourth quarter total revenue rose 13% to $26.1 billion.
- Arthi Gupta
- 14 Jan, 2011
- New York City
The UK indexes dropped as inflation increase and a private estimate suggested economic growth of 1.6% in 2010. Output price inflation increased and home prices declined in December. BAE Systems agreed to acquire Norkom for
- Arthi Gupta
- 14 Jan, 2011
- New York City
The European indexes slid after euro-zone inflation crossed ECB threshold in December. Many European nations including German reported a rise in inflation. Hungarian industrial output soared in November.
- Arthi Gupta
- 14 Jan, 2011
- New York City
U.S. stocks fell after China lifted reserve requirement ratio again. U.S. retail sales and consumer prices rose in December but less than expected. Intel expressed confidence about the outlook and JPMorgan earnings soared. The SEC to probe sovereign wealth funds transaction.
- Chandrasekhar Atreya
- 14 Jan, 2011
- New York City
Stocks in Mumbai fell 1.8% on Friday and 4.34% for the week. A sustained elevated inflation may force central bank to lift rates. Steel Authority of India net dropped 34% in third quarter. The Food Security Bill is termed as unworkable by the expert committee.
- Chandrasekhar Atreya
- 14 Jan, 2011
- New York City
Shanghai stocks drop to their lowest level in ten days led by commodities and banks. Shougang Group shuts its steel plant in Beijing to cut air pollution levels. CNPC says its net profit for 2010 surged by 30%. China overtakes U.S with the largest installed wind power capacity.
- Chandrasekhar Atreya
- 14 Jan, 2011
- New York City
Japanese stocks fell after rallying for five days and closed 2.64% higher for the week. Machine tools orders in December rose for the thirteenth month in a row. Prime Minister Naoto Kan reshuffles his cabinet. The total market cap China bourses exceeds those of Japan by 60% in 2010.
- Chandrasekhar Atreya
- 14 Jan, 2011
- New York City
Stocks in Sydney rose to end at their highest in more than eight months. Residents of Tasmania and Victoria are evacuated while donations to flood relief fund pours in. Port of Gladstone expects coal exports to begin on Saturday.
- Bikram Pandey
- 13 Jan, 2011
- New York City
U.S. stocks declined after an unexpected rise in weekly jobless claims and a rise in wholesale prices. Foreclosures increased only 2% in 2010 but are expected surge in the year as banks streamline the process and meet legal requirements. California led the nation in filings with 14% share.