- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jul, 2010
- New York City
Stocks in Australia rallied after the best quarterly job growth in June. The Australian dollar closed higher. Loading berths at two terminals closed in Hay Point port. Chalco is in talks with Rio Tinto to acquire a stake in Mongolia project.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 Jul, 2010
- New York City
The European markets rise for a sixth consecutive session boosted by strong earnings from Alcoa. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook. German inflation eases in June to 5.1% and economic sentiment falls in July. French inflation slackens in June.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jul, 2010
- New York City
Stocks in Australia traded lower after building industry growth slowed in Australia in June at the fastest pace in 10 months. Aspen makes a revised bid for Sigma Pharmaceuticals. Coal shipments from Newcastle port falls for the week.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 06 Jul, 2010
- New York City
Reserve Bank of Australia left the key interest rate unchanged. Trade surplus widened in May. Aspen''s Sigma bid faces uncertain future. QBE Insurance Group acquires NAU Country Insurance. Australian dollar climbs on optimistic economic view from the Reserve Bank.
- Mayank Mehta
- 13 Jul, 2010
- New York City
CommVault Systems, Inc. led the decliners in the S&P 500 index with a loss of 26.5%. Plains All American boosts payout by 4%. Dr Pepper Snapple plans to buy back $1 billion in stock. Fastenal posts higher second-quarter profit.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 05 Jul, 2010
- New York City
Stocks traded lower in Australia. Thai Banpu agreed to pay A$2 billion for Centennial Coal Co. Singapore-based Temasek may take a stake in Jupiter Mines
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 Jul, 2010
- New York City
U.S. stocks trade higher on better-than-estimated earnings from Alcoa. U.S. trade deficit widens to $42.3 billion in May. Federal Reserve Chairman Ben Bernanke noted in a speech that bank lending to small businesses declined. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 Jul, 2010
- New York City
The UK indexes gained after GDP expanded and BP reported positive developments. The UK Q1 GDP expanded at 0.3% and borrowing increased in May. BP is negotiating sale of assets and clean-up costs rises to $3.5 billion. Standard Chartered agrees to buy Singapore-based commercial financing unit of GE.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 02 Jul, 2010
- New York City
Resource stocks rallied after Australia and miners agree to revised lowered additional taxes for top 320 companies. Rio Tinto, BHP Billiton and Fortescue Metals make strong gains. Xstrata resumed work on its Queensland copper mine project.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 14 Jul, 2010
- New York City
Stocks in Japan gained on Intel
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 14 Jul, 2010
- New York City
Stocks in Australia traded higher on rising consumer confidence and the economic update by the government. Australia delays approval for Santos project by three months. Coal shipments reach record levels in June from Hay Point port.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 Jul, 2010
- New York City
The European markets soar amidst hopes that BP Plc is making significant progress to contain the oil spill. Fitch affirms Denmark IDRs at ''AAA'' and stable outlook. Greek import prices growth slow in May. Portugal CPI edges higher in June.
- Mayank Mehta
- 12 Jul, 2010
- New York City
Hewitt Associates, Inc. led gainers in the S&P 500 index with a rise of 32.9%. Alliance Data stock worth less than $30. Paychex CEO resigns to pursue other interests. The Shaw Group net income rises sharply.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 Jul, 2010
- New York City
U.S. stocks fall ahead of the earnings season. Hewitt Associates to merge with Aon Corp. MRC Technology enters into an exclusive license agreement with Genentech. BP Plc oil spill containment costs rise to $3.5 billion.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 09 Jul, 2010
- New York City
The UK indexes climb on better-than-expected U.S. jobless claims. UK wholesale inflation increased 5.1% in June and trade deficit widened in May. U.S. government urges BP Plc for oil spill containment plans. Sembcorp completed tender offer for Cascal shares. Vallar raised $1.07 billion in offering.