- Darlington Musarurwa
- 12 Oct, 2010
- New York City
U.S. stocks traded lower ahead of the minutes of FOMC meeting. Pfizer agreed to buy King Pharma for $3.6 billion. Chevron sold 23.44% Colonial Pipeline stake to the private equity group KKR. Dollar Tree agreed to buy Canada based Dollar Giant Store for more than $50 million.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Stocks in Mumbai fell after the industrial output increased sharply lower. Rupee closed lower. Industrial production index increased 5.6% in August and in the first five months the index was up 10.6% compared to a year ago. Coal India is expected to raise as much as $35 billion.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Stocks in Shanghai continued their rally to reach a five-month high aided by commodity stocks. Banks closed lower after China temporarily increases the reserve ratio of some large banks to curb liquidity. China Vanke sales nine-month sales soared more than 50%.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
The yen resumed its ascent and closed at 15-year high against the dollar and record high against the euro. The benchmark index Nikkei dropped 2.1%. Household sentiment drops in September. Japan is likely to surpass China and as the largest holder of U.S. Treasuries. The two nations hold $1.66 trillion of U.S. debt.
- Chandrasekhar Atreya
- 12 Oct, 2010
- New York City
Australian shares closed lower in a broad sell-off after business confidence fell in September even though business conditions index rose. Karoon Gas proposes to list its South American asset in a public offering in Brazil. Conquest Mining is looking to raise as much as $100 million.
- Devan Biswas
- 11 Oct, 2010
- New York City
U.S. stocks turned volatile in the final hour. Gold closed at a record high and the yields on U.S. Treasuries hovered near recent low. The U.S. dollar traded mostly lower against major currencies. Copper closed at a 2-year high, silver at 30-year high and gold closed at a new record.
- Bikram Pandey
- 11 Oct, 2010
- New York City
Gymboree surged after the company agreed to go private. Warned Chilcott soared more than 7% after the company received regulatory approval for its drug to treat osteoporosis. LDK Solar surged more than 10% after it lifted revenues outlook.
- Arthi Gupta
- 11 Oct, 2010
- New York City
The UK indexes and the pound gained after the world leaders meeting failed to settle the rising tensions in the currency markets. Irish manufacturing output declined in August. KNOC received acceptances of 89% Dana Petroleum shares. Weir Group confirmed completion of BDK acquisition.
- Arthi Gupta
- 11 Oct, 2010
- New York City
The European indexes rose on expectations that the U.S. Fed will increase asset purchases. French industry growth remained flat in August and Italian industrial production surged. Talisman and Statoil announced joint venture worth $1.3 billion in Eagle Ford Shale property.
- Arthi Gupta
- 11 Oct, 2010
- New York City
U.S. stocks traded higher amidst hopes of fresh monetary easing from the U.S. Federal Reserve. Chesapeake agreed to sell stake in Eagle Ford project to CNOOC for $1.08 billion. Pension fund controlled by Ontario, Canada contemplates rival bid for Potash. Cognizant inked deal with 3M.
- Chandrasekhar Atreya
- 11 Oct, 2010
- New York City
Stocks in Mumbai traded and the rupee closed lower after world leaders failed to build a consensus around the dollar. Rupee and other currencies advanced against the dollar. Engineering exports rise 16% in August on demand mainly from the U.S.
- Chandrasekhar Atreya
- 11 Oct, 2010
- New York City
Stocks in Shanghai rallied the most in four months led by resource and energy stocks. CNOOC agrees to buy 2.6 million tons of natural gas from a French company and a large stake in shale gas assets in the U.S. controlled by Chesapeake.
- Chandrasekhar Atreya
- 11 Oct, 2010
- New York City
Stocks in Japan fell after global financial leaders failed to resolve exchange rate spat. China releases the detained employee of Japanese company. Government controlled pension fund plans to expand investment in emerging markets.
- Chandrasekhar Atreya
- 11 Oct, 2010
- New York City
Australian shares closed higher to touch a new five-month high and the dollar firmed after the IMF meeting in Washington failed to produce a consensus. Home loan approvals rise in August. QR National IPO will be the largest offering after Telstra.
- Bikram Pandey
- 08 Oct, 2010
- New York City
U.S. stocks closed higher today and for the week closed up. The S&P 500 index increased 1.7% and the Nasdaq gained 1.3%. Gold surged 2% and the dollar declined against the most currencies ahead the world financial leaders talks this weekend.