- Chandrasekhar Atreya
- 27 Dec, 2010
- New York City
Stocks in Shanghai plunged nearly 2% after China lifted rates over the weekend. The second rate increase in as many months is expected to do little to ward off the rising food and property prices. Tibet registered a sharpest rise in foreign trade in first eleven months to November.
- Mukesh Buch
- 24 Dec, 2010
- New York City
Bang Overseas and Thomas Scott (India) sign a deal. BF Utilities is in negotiation with Goldman Sachs to sell up to 15% stake for 164 km expressway. Indian Hotels allotted additional shares to Tata Sons. CEAT Limited gained after rubber duties were lowered.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Mumbai stocks gained in thin trading. The government opens a discussion on direct investment from large foreign retailers as investment drops 38% in the first seven months to October. India looks to limit defense exports to $10 billion as private contractors expand in the nation.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Shanghai stock indexes dropped on liquidity concerns and China targeted economic growth of 8% and inflation at 4% for next fiscal year. Profits at government controlled companies surged 50% in the first 11 months. U.S. files WTO complaint against China
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Tokyo indexes declined today and in the week as the yen strengthened against the dollar and the euro. Japan and Turkey are expected to sign agreements to build $20 billion nuclear power plants. 91.41 trillion yen budget proposal for 2011 to be approved today.
- Chandrasekhar Atreya
- 24 Dec, 2010
- New York City
Sydney benchmark index ended lower trading on thin volumes of declining mining stocks. Australian dollar closed above parity for the second day. New South Wales and Queensland brace for heavy rainfall in the next seven days.
- Bikram Pandey
- 23 Dec, 2010
- New York City
U.S. indexes drifted ahead of Christmas holiday as more evidence emerged that the economic recovery takes a early hold. The latest data on personal income and core durable goods orders showed a rising trend. Ireland is set to inject $5.2 billion after it seized Allied Irish Banks Plc.
- Arthi Gupta
- 23 Dec, 2010
- New York City
The UK indexes traded sideways after mortgage approvals fell but services sector index rose. Irish retail sales edged higher in November. Innovation Group agreed to acquire Germany-based Wintec.
- Mukesh Buch
- 23 Dec, 2010
- New York City
Bed Bath third quarter sales increased 11.1% and comparable sales rose 7%. Christopher & Banks third quarter net sales edged lower 8.4% to $120.9 million. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Micron Technology first quarter net sales rose 29% to $2.25 billion.
- Arthi Gupta
- 23 Dec, 2010
- New York City
The European indexes declined after Fitch lowered Hungary''s credit rating. French industrial producer price index rose in November. Hungary''s trade surplus fell in October. Spanish PPI climbed in November. Maersk Oil agreed to buy Brazilian assets for $2.4 billion.
- Arthi Gupta
- 23 Dec, 2010
- New York City
U.S. indexes fell after jobless claims edged lower and durable goods declined more than expected and personal income rose. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Zimmer agreed to acquire Geneva-based Sodem Diffusion.
- Chandrasekhar Atreya
- 23 Dec, 2010
- New York City
Mumbai stocks dropped in choppy trade after persistent high food price inflation. Handicrafts exports surge 19% in the first eight months to$1.2 billion. India lifted its infrastructure investment target to $1 trillion and private sector participation to 50%.
- Mukesh Buch
- 23 Dec, 2010
- New York City
A2Z Maintenance dropped 16% from its IPO price on the first day of trading. Pipavav Shipyard signed an agreement with Sweden-based SAAB Dynamics AB. Suven Life Sciences secured four patents. SAIL upcoming secondary offering may be priced as 12% discount.
- Chandrasekhar Atreya
- 23 Dec, 2010
- New York City
Shanghai stocks dropped for a second day on year end liquidity worries. China agrees to buy Portuguese bonds in 2011. CNPC confirms the second phase of Kazakh-China gas pipeline construction. Foreign direct investment in China is expected to reach $100 billion this year.