- Arthi Gupta
- 08 Oct, 2010
- New York City
The European indexes rose after German manufacturing turnover improved but trade surplus and exports declined in August. French budget deficit widened in August but industrial confidence gained in September.
- Bikram Pandey
- 15 Sep, 2010
- New York City
AK Steel plunged more than 5% after the company revised third quarter operating loss. Beazer Homes declined after it lowered home sales and lot improvement spending outlook. Cisco plans to initiate dividend. Genpact Ltd surged on the buyout rumors.
- Arthi Gupta
- 15 Sep, 2010
- New York City
The UK indexes weakened after jobless claims rose in August. The BoE Governor Mervyn King reiterated that government
- Arthi Gupta
- 15 Sep, 2010
- New York City
The European indexes declined after euro-zone inflation slowed in August and employment remained static in the second quarter. The OECD urged Turkey for withdrawal of monetary stimulus. The IMF noted Greek fiscal consolidation program on track.
- Arthi Gupta
- 15 Sep, 2010
- New York City
U.S. stocks traded lower after import prices rose 0.6% in August and mortgages applications fell for a second consecutive week. ACE agreed to acquire Rain and Hail for $1.1 billion. HealthSouth reaffirmed its annual earnings outlook.
- Chandrasekhar Atreya
- 15 Sep, 2010
- New York City
Stocks in India continued to rally for the seventh day in a row. Cairn India seeks approval from shareholders for Vedanta deal in its AGM. Indirect tax collections surge 45% in the first five months of this fiscal.
- Chandrasekhar Atreya
- 15 Sep, 2010
- New York City
Stocks in China fell but in Hong Kong gained marginally. Foreign direct investment in China surged 18% to $66 billion. Exchange of new car for old program lifted auto sales in the first eight months.
- Chandrasekhar Atreya
- 15 Sep, 2010
- New York City
Stocks in Japan surged more than 2% after the government intervened in the foreign exchange market. Prime Minister Kan plans to reshuffle the cabinet and change the DPJ executives later this week. Convenience store operator Lawson plans to open 130 stores in China.
- Chandrasekhar Atreya
- 15 Sep, 2010
- New York City
Stocks in Australia rallied to a four-month high following Japanese intervention to stem the surging yen. Consumer confidence index declined in September. June quarter saw the largest jump of new dwellings in more than six years. Queensland plans to link to hydroelectric energy from Papua New Guinea.
- Bikram Pandey
- 14 Sep, 2010
- New York City
U.S. stocks traded sideways after a moderate increase in retail sales and budget deficit narrowed in August. The U.S. dollar dropped and the yen reached a new 15-year high. Gold surged 2.2%. Cliff Natural Resources Inc, the largest iron ore producer in North America dropped 5%.
- Arthi Gupta
- 14 Sep, 2010
- New York City
The UK indexes declined after inflation remained at 3.1% but consumer confidence rebounded in August and home prices rose in July. The BoE policy maker Weale noted the British economy is recovering but employment may lag increase in private sector output.
- Devan Biswas
- 14 Sep, 2010
- New York City
Stocks in New York traded higher. BestBuy Company surged 6% after net soared 61%. The Kroger Co increased 2% after revenues gained 6%. Schiff Nutrition International gained more than 8%.
- Arthi Gupta
- 14 Sep, 2010
- New York City
The European indexes fell after German investor confidence plunged in September. Euro-zone industrial production static in July and labor cost growth slackened in the second quarter. French inflation eased in August.
- Arthi Gupta
- 14 Sep, 2010
- New York City
U.S. stocks gained after retail sales rose 0.4% and budget deficit narrowed to $90.5 billion in August. MedAssets agreed to buy Broadlane Group for $850 million. Churchill Downs agreed to acquire Harlow''s Casino Resort & Hotel for $138 million.
- Chandrasekhar Atreya
- 14 Sep, 2010
- New York City
Stocks in Mumbai gained for a sixth trading day and the index is up 21% in the last four months. India starts reporting inflation series from August. Rupee strengthens for a fourth day in a row. Wind power maker, Suzlon plans expansion in China.