- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 02 Jul, 2010
- New York City
Stocks in Mumbai traded lower. Reliance Communication acquires Digicable in all stock deal. Reliance Power gains after the U.S. based Exim Bank approve $600 million loan. Kesoram board approves $300 million expansion of its cement plant. Indraprastha Gas soars after raising PNG price.
- 123jump.com Staff
- 13 Jul, 2010
- New York City
Sales rose 22% to $633.6 million and net income rose 165% to $64.4 million or 50 cents a share. On a constant exchange rate basis, America''s sales increased 20% and comps rose 15% versus a comp decline of 32% last year. Operating margin rose to 16.6% in the quarter versus 11.5% last year.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 01 Jul, 2010
- New York City
Stocks in Mumbai declined after current account deficit surged to 2.9% of GDP. India levies carbon tax on coal producers from today. Parabolic Drugs falls below IPO price. BAG Films gains on news it may sell stake and fund sports channel in Hindi.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jul, 2010
- New York City
Stocks in China fell after resource tax was extended to cover mines across China. Hong Kong stocks rallied tacking gains in the U.S. Chongqing Iron & Steel said first half output surged 24.7%. Dongfeng Auto sales in the first-half soared 56%.
- 123jump.com Staff
- 06 Jul, 2010
- New York City
Sales rose 12.4% to $30.8 billion and net income rose 29.4% to $2.2 billion or 91 cents a share. operating margins of 11.2% were up 80 basis points over the prior year. Operating expenses increased 5% to $3.8 billion.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jul, 2010
- New York City
Stocks in China gained but in Hong Kong fell. China is proposing a price-based resource tax in western provinces. Agbank completes subscription period for its public offering. Everbright Securities to establish 15 new sales offices.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 06 Jul, 2010
- New York City
Stocks in China region rallied boosting other exchanges in Asia. Chalco plans to seek bank loans as market drop delays share sale. Taiwan and China may set up omnibus clearance mechanism. China Vanke sees 27.9% rise in property sales in June. Yutong Bus sales rises 49% in first-half.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 05 Jul, 2010
- New York City
Stocks in China and Hong Kong declined after the expansion in the services sector and auto sales growth slowed in June. Anshan Steel buys stake in Jien Nickel. BoC unveils rights issue recapitalization plan. Carlsberg reaches impasse with Chongqing Brewery Co.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 Jul, 2010
- New York City
The UK indexes rise on optimistic earnings data from the U.S. and encouraging news from BP. Inflation slips to 3.2% but retail sales rise in June. British home price growth in June records lowest level in eleven months. The BoE policy maker Andrew Sentance urges
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 01 Jul, 2010
- New York City
Stocks in China fell for the seventh straight day after a report showed that manufacturing declined more-than-expected in June. Many provinces and cities in China raise minimum wages. Aluminum Corp of China cuts spot alumina price. BoC extended $23 billion bonds maturity.
- 123jump.com Staff
- 08 Jul, 2010
- New York City
Sales rose 11.6% to $476.2 million and net income was $22.6 million or 38 cents a share. comparable sales rose 14%. Gross margin rate for the quarter of 59.4% reflected an increase of 390 basis points above the 55.5% reported last year.Total SG&A expenses increased 2.2%.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 02 Jul, 2010
- New York City
China stocks rallied moderately while stocks in Hong Kong declined 1%. China revises its 2009 economic growth to 9.1% from 8.7%. General Motors and its joint ventures sell more vehicles in China than U.S. in the first half of the year. Gujing Distillery forecasts first-half net profit to triple.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jul, 2010
- New York City
Stocks in Australia rallied after the best quarterly job growth in June. The Australian dollar closed higher. Loading berths at two terminals closed in Hay Point port. Chalco is in talks with Rio Tinto to acquire a stake in Mongolia project.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 13 Jul, 2010
- New York City
The European markets rise for a sixth consecutive session boosted by strong earnings from Alcoa. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook. German inflation eases in June to 5.1% and economic sentiment falls in July. French inflation slackens in June.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jul, 2010
- New York City
Stocks in Australia traded lower after building industry growth slowed in Australia in June at the fastest pace in 10 months. Aspen makes a revised bid for Sigma Pharmaceuticals. Coal shipments from Newcastle port falls for the week.