- Mukesh Buch
- 30 Nov, 2010
- New York City
Stock in Mumbai rose. Dewan Housing Finance is expected to acquire Deutsche Postbank Home Finance for $240 million. Ispat Industries gained 2.2% on a speculation that ArcelorMittal may acquire a stake in the trading company.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Mumbai responded to faster than anticipated economic growth in the quarter to September. Finance Minister Mukherjee revised fiscal year economic growth outlook to 8.75%. India threatens to cancel telecom licenses of 85 companies that were either ineligible or are still not in operation.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Shanghai and Hong Kong faced heavy selling pressure ahead of widely anticipated tighter liquidity measures next week. Bank lending is ahead of national target and policy makers are worried of rising inflation. Banks and property developers led the decliners.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Stocks in Tokyo fell sharply tracking the losses in the European markets and a rise in the dollar. Housing starts rose in October and unemployment rose for the first time in four months. Regional assessment led to the downgrade of 9 of the 11 regions.
- Chandrasekhar Atreya
- 30 Nov, 2010
- New York City
Australian stocks closed lower tracking losses in resource stocks as the U.S. dollar advanced against all major currencies. Current account deficit widened in the third quarter to A$7.83 billion. Retailers closed lower after Metcash issued profit warning and net in the first half edged up 0.9%.
- Bikram Pandey
- 29 Nov, 2010
- New York City
U.S. stocks rebounded from the loss of more than 1% on better than expected retail sales. Euro declined as investors fear widening debt contagion in Europe after Ireland bailout. Commodities closed higher and crude oil, copper and gold edged up.
- Marcus Jacob
- 29 Nov, 2010
- New York City
UK indexes declined after investors worried that Ireland bailout may not prevent future bailouts in the euro-zone. UK Treasury watchdog lowered 2011 and 2012 economic growth outlooks.
- Mukesh Buch
- 29 Nov, 2010
- New York City
Retailers traded mixed after stronger than expected Thanksgiving holiday sales. Amazon.com, Abercrombie & Fitch and Blue Nile gained but Limited and Tiffany declined. Quiksilver estimated fourth quarter net revenues between $492 million and $497 million.
- Nigel Thomas
- 29 Nov, 2010
- New York City
European indexes fell sharply after Ireland agreed to terms of bailout and investors worried that the debt contagion may not be prevented from reaching to Spain. European confidence index increased in October. Banks and insurance companies declined.
- Bikram Pandey
- 29 Nov, 2010
- New York City
Market indexes in New York dropped more than 1% tracking losses in Europe. The European nations agreed to lend
- Devan Biswas
- 29 Nov, 2010
- New York City
European leaders and Ireland hammered out bailout conditions on late Sunday to stem the widening debt contagion in the euro-zone. Ireland agreed to tougher loan conditions and cut 15 billion in costs and interest rate of 5.8%.
- Mukesh Buch
- 29 Nov, 2010
- New York City
Stock in Mumbai gained. BGR Energy surged 21% after management clarified its position on bank loan scam investigation. The Shipping Corporation of India set the price range for its secondary offering. GMR agreed to sell U.S. based InterGen for $1.23 billion.
- Chandrasekhar Atreya
- 29 Nov, 2010
- New York City
Stocks in Shanghai declined on the worries of accelerating inflation and in Hong Kong rose tracking optimism related to the U.S. holiday sales. China Huaneng Group Corp and Chongqing Rural Commercial Bank plan HK initial public offerings totaling $3.73 billion.
- Chandrasekhar Atreya
- 29 Nov, 2010
- New York City
Stocks in Japan closed higher and the yen weakened after a rally in Asian markets. October retail sale declined and domestic passenger car production declined in the month. The Government Pension Investment Funds gained int eh September quarter after falling for two quarters in a row.
- Chandrasekhar Atreya
- 29 Nov, 2010
- New York City
Stocks in Australia closed higher as commodities advanced. Australia passes legislation that will separate the retail and wholesale businesses of Telstra. AMP approves acquisition of AXA Asia Pacific. Corporate profits in Australia declined in the September quarter and homes sales in October.