- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 21 Jun, 2010
- New York City
Stocks in Mumbai traded higher across all sectors after the government permitted life insurance companies to issue policies linked to stocks. Saudi construction firm agrees to buy stake in Maytas Infra. Bonus issue plans at Orbit Corporation and Tata Tea lifted stocks.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 21 Jun, 2010
- New York City
U.S. stocks traded higher after China allowed the yuan to trade more freely against the dollar. U.S.-based Corn Products agrees to buy National Starch unit for $1.3 billion and Valeant agreed to merge with Biovail.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
U.S. stocks traded sideways as global markets remain flat. BP Plc management faced penetrating questions about its safety record in the Gulf of Mexico as U.S. lawmakers increase pressure on the oil giant. Commodities traded mixed and gold raced to record high.
- Mayank Mehta
- 18 Jun, 2010
- New York City
Amylin Pharmaceuticals, Inc. led gainers in the S&P 500 index with a rise of 14.3%. Tutor Perini awarded three contracts totaling $467 million. Strike shuts Toyota part supplier in China.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 18 Jun, 2010
- New York City
The UK indexes rose on optimistic economic data. The broadest measure of money supply decreased by
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 18 Jun, 2010
- New York City
European markets continue to rise after eight sessions of straight gains. German producer prices rise 0.3% in May. Spanish bank Banco Santander
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 18 Jun, 2010
- New York City
U.S. stocks trade sideways as global markets retain positive bias. Private equity fund controlled by KKR agrees to buy Japanese recruitment firm Intelligence for $356 million.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
Stocks in Australia rallied after a bond sale by Spain eased concerns about Europe
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
Stocks in Japan fell after stricter loan rules came into effect from today. The ruling party of Japan releases its election manifesto. Minutes of the meeting held by Bank of Japan on May 20 noted European markets instability.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
Hong Kong stocks continued its rally to the eighth day after a Spanish bond sale ease concerns about Euro-zone debt crisis. World Bank releases its quarterly report on China. Strike extends to a parts plant of Toyota in China. China Vanke says no change in development plans.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 18 Jun, 2010
- New York City
Stocks in Mumbai fluctuated and traded marginally lower. Cognizant acquires Galileo Performance. Ahluwalia Contracts India receives 11 new projects worth $110 million. Brigade Enterprises surges on fund raising plan.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
U.S. stocks and commodities closed lower after unemployment data and regional manufacturing index read. Copper and oil traded lower but gold surged to near record high. Spain completed bond offering that eased market jitters in Europe. BP Plc rallied nearly 7%.
- Mayank Mehta
- 17 Jun, 2010
- New York City
Bed Bath & Beyond Inc. led the decliners in the S&P 500 index with a loss of 5.6%. Kroger net income dips 14%. J.M. Smucker Co. net income rises 28%.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 17 Jun, 2010
- New York City
The UK indexes traded sideways on disappointing U.S. economic data. BP Plc announces the suspension of its 2010 dividend and set up a $20 billion compensation fund for liabilities attributed to the Gulf oil spill. The company faces additional liabilities from criminal charges and repairs.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 17 Jun, 2010
- New York City
Stocks in Hong Kong closed higher for the seventh day in a row and closed lower in Shanghai. Henderson Land Development in Hong Kong booked a loss after 20 apartment sales were cancelled. Sino Biopharmaceutical plans to raise $79 million.