- 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%.
- Marcus Jacob
- 10 Nov, 2010
- New York City
Stocks in Japan traded higher on the rise in banks, exporters and resource companies. World leaders are increasingly at odds in how to solve the growing financial flows imbalance and are not expected find common ground at G20 meeting.
- Devan Biswas
- 09 Nov, 2010
- New York City
U.S. indexes declined at close and commodities advanced. Indexes in Europe closed higher and Asian markets closed mixed. European Union regulators fined nearly 800 million euros eleven airlines for coordinating security and fuel fees after 2001 terrorist attacks.
- Bikram Pandey
- 09 Nov, 2010
- New York City
U.S. stocks traded mixed. Akamai Technologies plunged 4% after Netflix Inc dropped the company as its service provider. Atlas Energy Inc soared 35% after Chevron offered $3.2 billion for the company. Priceline.com and McDermott International surged after posting better than expected earnings.
- Marcus Jacob
- 09 Nov, 2010
- New York City
UK total production output increased 3.8% in September. Trade deficit decreased in the month to
- Bikram Pandey
- 09 Nov, 2010
- New York City
Market indexes in Europe closed higher as the dollar declined and earnings lifted the sentiment. Munich Re lifted its earnings estimate and Hermes SCA and Deutsche Post reported better than expected earnings.
- Bikram Pandey
- 09 Nov, 2010
- New York City
U.S. stocks traded mixed as the dollar declined and commodities prices gained. Chevron Corp agreed to acquire Pennsylvania based Atlas Energy Inc for $3.2 billion and assume $1.7 billion in long term debt. Priceline.com and McDermott International gained on better than expected earnings.
- Nigel Thomas
- 09 Nov, 2010
- New York City
Poland government successfully sold 64% stake in the Warsaw Stock Exchange and raised $420 million. The Warsaw Stock Exchange rose as much as 23% on the first day in trading.