- Chandrasekhar Atreya
- 29 Oct, 2010
- New York City
Stocks in Mumbai closed higher after direct tax collection rose 17% in the first half. Reliance ADAG places $8.29 billion order to Shanghai Electric for supply of power equipments. Reserve Bank of India conducts special auction and announce measures to lower liquidity crunch. Bank of Baroda earnings rise 61%.
- Chandrasekhar Atreya
- 29 Oct, 2010
- New York City
Stocks in China region closed lower. Two of the five largest banks were the latest to report surging profits. ICBC and Bank of Communications earnings surged more than 24%. Profit growth accelerated at listed companies in the third quarter.
- Chandrasekhar Atreya
- 29 Oct, 2010
- New York City
A drop in industrial production index combined with a strong yen dragged Tokyo index lower by 1.8%. Bank of Japan trimmed economic outlook for 2010 and 2011. Nissan recalls 2.14 million vehicles worldwide. New housing starts rise 18% in September.
- Chandrasekhar Atreya
- 29 Oct, 2010
- New York City
Shares in Sydney declined today but gained for the week and month. Queensland puts Abbot Point coal terminal for sale. Sale of new homes dropped in September and demand for credit remained weak. ASX Limited failed to convince lawmakers on the merger benefits with the Singapore Stock Exchange.
- Devan Biswas
- 28 Oct, 2010
- New York City
U.S. stocks edged higher as the dollar declined. Earnings lifted trading sentiment in the U.S. and Europe. First Wind Holdings Inc canceled its public offering. Royal Dutch Shell and Exxon Mobil reported higher earnings. Futures of gold and silver rallied.
- Bikram Pandey
- 28 Oct, 2010
- New York City
PMI Group dropped 9% on larger than expected loss. Symantec Corp gained on higher sales forecast. Teradyne dropped 8% after earnings missed expectations. Visa Inc Sales surged. Las Vegas Sands Corp reported better than expected adjusted earnings.
- Arthi Gupta
- 28 Oct, 2010
- New York City
The UK indexes gained after high street sales rose and home prices fell more than expected in October. UBM priced $350 million bond offering. AstraZeneca net fell 27% as generic competition dragged performance. Shell earnings rose 7% as revenues grew on improving energy demand.
- Arthi Gupta
- 28 Oct, 2010
- New York City
The European indexes rose after strong earnings. Euro-zone economic confidence rose in October. German jobless rate fell in the month and wholesale turnover rose in the third quarter. French PPI rose in September. Daimler AG earnings surged driven by higher unit sales.
- Chandrasekhar Atreya
- 28 Oct, 2010
- New York City
Stocks in Mumbai seesawed to drop below threshold of 20,000. India signs the international convention for nuclear materials commerce. Qualcomm decides to exit BWA spectrum in India. India plans to start rare earth production in 2011 in Orissa.
- Arthi Gupta
- 28 Oct, 2010
- New York City
U.S. stocks traded higher after weekly jobless claims fell 21,000 to 434,000. Oracle acquired 10.2% stake in Mellanox. Williams Partners agreed to buy Williams Companies
- Mukesh Buch
- 28 Oct, 2010
- New York City
Stock in Mumbai fell. Bank of Baroda rose 3% on net profit. Cummins India surged 4.8% after net profit increased 91.4%. Kirloskar Brothers slumped 3.7% after net tumbled 89%. Steel Authority of India Limited declined 4.6% and profit tumbled 34.5%.
- Chandrasekhar Atreya
- 28 Oct, 2010
- New York City
Stocks fell for the fourth day in Tokyo on the weakness in resource stocks. Bank of Japan said it will consider asset purchase expansion if the economy situation warrants. Retail sale increased 1.2% in September.
- Chandrasekhar Atreya
- 28 Oct, 2010
- New York City
Stocks in Shanghai remained little changed after banks reported sharply higher prices. Bank of China earnings rose 29% and AgBank earnings gained 30%. Most airlines passed on recently revised higher fuel prices to consumers. Home buyers in Shanghai and other cities are deterred by elevated prices.
- Chandrasekhar Atreya
- 28 Oct, 2010
- New York City
Shares in Sydney rallied after ANZ Bank reported lower loan loss provisions. More lawmakers voiced their opposition to the acquisition of ASX Ltd. Senate vote clears to appointment of committee to investigate banking sector competition.
- Devan Biswas
- 27 Oct, 2010
- New York City
U.S. stocks declined and European markets fell after investors dialed back expectations on the Fed