- Devan Biswas
- 11 Nov, 2010
- New York City
UK stocks and broader indexes fell after investors feared that Ireland and other smaller nations may struggle with bonds repayment. Copper prices closed at a record high on the inflation worries in China. Irish bonds yields rose to 9%.
- Marcus Jacob
- 11 Nov, 2010
- New York City
European markets came under pressure after investors face significant losses linked to Ireland related debts and bonds. The loss worries quickly extended to other struggling nations including Spain, Portugal and Greece. Siemens AG lifted its dividend. Telefonica SA fell on weaker earnings.
- Nigel Thomas
- 11 Nov, 2010
- New York City
Advance Auto Parts Inc traded higher after the auto parts retailer lifted its annual earnings outlook to between $3.80 and $3.90 a share. Prudential Financial Inc said in a statement that the company is looking to raise as much as $1 billion. Cisco Systems dropped 16%.
- Mukesh Buch
- 11 Nov, 2010
- New York City
Stock in Mumbai fell. Apollo Tyres plunged 6% after net profit fell 59%. DLF Limited slumped 4% after net profit fell 5%. Nagarjuna Construction declined 1% and net profit rose 35%. Ranbaxy Laboratories slumped 3% and net profit soared 169%. Vardhman Industries gained 4% net profit spurted 116%.
- Devan Biswas
- 11 Nov, 2010
- New York City
U.S. stock indexes fell sharply after Cisco guided lower than expected sales in the current quarter. The weak guidance dragged tech stock heavy Nasdaq down 1.7%. U.S. home seizures declined 9% in October. The gold gained the dollar edged up.
- Nigel Thomas
- 11 Nov, 2010
- New York City
Stocks in China region closed higher on the strength in the banking and resource stocks. Rating agency Moody
- Marcus Jacob
- 11 Nov, 2010
- New York City
Tokyo stocks advanced for the second day in a row after banks and exporters gained. Resource stocks closed higher after commodities and crude oil advanced. APEC ministers are looking to speed up free trade in the region as they fear world economic slowdown.
- Bikram Pandey
- 10 Nov, 2010
- New York City
World markets traded sideways with a negative bias as the crude oil gained and precious metals declined. Earnings were in focus and General Motors reported sharply higher earnings ahead of its public offering. In Europe banks in the peripheral region of the EU declined on weaker earnings.
- Devan Biswas
- 10 Nov, 2010
- New York City
Grand Canyon Education revenue increased 50%. Polo Ralph Lauren Corp second quarter revenue increased 11%. Tesla Motors third quarter revenue fell to $31.2 million. Washington Post declined as the company
- Nigel Thomas
- 10 Nov, 2010
- New York City
UK indexes closed lower sharply after resource stocks fell. Weak commodities prices after China tightened the bank capital reserve ratio and let the yuan strengthen. Sainsbury
- Devan Biswas
- 10 Nov, 2010
- New York City
European stocks closed lower as the euro advanced. Mixed earnings kept indexes trading lower. Holcim Ltd and Natixis SA fell on weaker than expected earnings. Henkel SA and Hannover Re closed higher.
- Bikram Pandey
- 10 Nov, 2010
- New York City
U.S. stocks traded sideways and currency traders looked for a direction as the G20 nations meet. The dollar traded volatile with a declining bias. Commodities and crude oil edged lower. U.S. Trade deficit declined to $44 billion and weekly jobless claims fell.
- Mukesh Buch
- 10 Nov, 2010
- New York City
Stock in Mumbai fell. Bharti Airtel Ltd. plunged 1.7% after net profit fell 27%. Empee Sugars and Chemicals gained 2.4% after net profit surged fourfold. Greenply Industries slumped 1.9% after net profit declined 86%. Tata Motors Limited gained 2.4% after net profit surged tenfold.
- Bikram Pandey
- 10 Nov, 2010
- New York City
Stocks in China region declined ahead of inflation data. Home prices in China increased in October at a slower pace but continue to attract speculative capital. October trade surplus increased 23% as exports rose faster than imports. China let the yuan appreciate 0.5% against the dollar.
- Nigel Thomas
- 10 Nov, 2010
- New York City
China trade surplus in October rose 22.9% from a year ago as exports surged more than imports. The second largest monthly surplus in October trailed July surplus of $28.7 billion. For the ten months to October, surplus declined 6.7%.