- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
Indexes in Hong Kong and Shanghai closed higher but consumer stocks fell on the worries of rising interest rates. China Railway Construction wins nearly $500 million contract. Zijin Mining agrees to buy 60% stake in Congo Mining Company.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
European indexes gained on positive earnings from Deutsche Telekom, Allianz, ING, Natixis and Aegon. Euro-area GDP increased 0.2% in the quarter to March industrial output gained 1.3% in the month. Spain announced austerity measures to trim government spending.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
U.K. stocks rise after Prime Minister David Cameron pledged to cut budget deficit as soon as possible. Unemployment rate in the first quarter to March was 8.0% and GDP increased by 0.2%. Towers Watson & Co. profit drops after merger.
- 123jump.com Staff
- 12 May, 2010
- New York City
XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4%. Fidelity National shares rise on deal talk. Walt Disney quarterly net surges 55%. Electronic Arts Inc swings to a profit in fiscal fourth quarter. Ambac drops after it delays its quarterly regulatory filings.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 12 May, 2010
- New York City
Stocks in Mumbai traded higher after industrial production increased in March. The rise in production of more than 10% for the sixth month in a row prompted worries of higher inflation. Rupee gained. Bajaj Auto fourth quarter net triples in the fourth quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 12 May, 2010
- New York City
U.S. stocks traded higher after March trade deficit widens and private equity groups partner to acquire Fidelity National Information. Markets in Europe were calm after Spain pledged to cut expenses and the bonds of Spain and Greece gained.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
Stocks in Japan struggled as the yen gained and banks declined. Latest read of economic data suggested an improvement in economic conditions. Foreign reserves assets rise above $1 trillion. Toyota estimated latest years net to rise 48% and Olympus dropped after it estimated net to decline 56%.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 12 May, 2010
- New York City
The Australian dollar and stocks fell after the government proposed to return to a budget surplus in three years. Mortgage lending shrinks 1.4% in March. Transurban rejects A$7.2 billion offer. Commonwealth Bank fiscal first quarter earnings increase 30%.
- 123jump.com Staff
- 11 May, 2010
- New York City
U.S. indexes and world markets cooled after more doubts arise on the EU bailout plan. Greece already tapped the emergency fund by the EU to pay for the bonds next week. Stocks traded higher but sold off in the late afternoon as the dollar and gold gained. Gold surged $33.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 11 May, 2010
- New York City
U.K. stocks weaken as doubts persist over the implementation of the European Union''s bailout package. Commodity stocks decline as metal and oil prices fall. Political deadlock continues in the UK but the prospects of a Lab-Lib alliance improve. The UK output rises 2.0% in March.
- 123jump.com Staff
- 11 May, 2010
- New York City
European stocks fell amid concerns the proposed $1 trillion rescue package may not offer a long-term solution to the region''s fiscal woes. The euro fell to 4-day low. Wholesale price index for April rises 6% Germany. Deutsche Post AG profit rises 85%.
- Mayank Mehta
- 11 May, 2010
- New York City
GameStop Corp led the decliners in the S&P 500 index with a loss of 13.8%. McDermott profit and sales declined. LDK Solar swings to profit . Fluor profit dips on lower oil and gas business. MBIA swings to net loss in first quarter.
- Arthi Gupta, Mayank Mehta and Sanjay Barot
- 11 May, 2010
- New York City
Global and U.S. stocks decline amid doubts whether the plan proposed by the EU and the IMF will be sufficient to revive the European markets. The dollar gained against all major currencies and crude oil prices dipped below $76 a barrel. priceline.com quarterly profit surges.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in Mumbai traded lower after a surge tracking global markets rebound. The ongoing 3G spectrum auction prices reach a record $1.4 billion. Exports in March soared 54%, fifth monthly increase in a row but declined 4.7% in the fiscal year ending in the month.
- Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
- 11 May, 2010
- New York City
Stocks in China region declined after inflation accelerated in April. Producer prices and consumer prices gained and new lending remained elevated. Property prices in the month soar 12.8% in the month. Hong Kong land auction was completed at 33% discount to the assessed value.