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Trinidad Attracts $70 Million in Energy Exploration Projects

Arjun Dave
16 Apr, 2011
New York City

Trinidad attracts foreign investment of $70 million in energy exploration that is expected to arrest the decline in oil and gas production in the last decade. However, the twin island nation remains dependent on the energy sector for its exports and economic growth.

U.S. Stocks Advance; House Passes $6.2 Trillion Deficit Plan

Bikram Pandey
15 Apr, 2011
New York City

U.S. stocks edged higher after commodities rebounded. The U.S. House passed budget cuts that will reduce $6.2 trillion in budget deficit over ten years but will leave the defense spending and taxes for corporate and rich people untouched.

U.S. Movers: Bank of America, Google, Genuine Parts, Knoll, Schwab, Valmont

Mukesh Buch
15 Apr, 2011
New York City

Bank of America first quarter net income fell to $2 billion. Google first quarter net income rose to $2.30 billion. Genuine Parts quarterly net income rose 26% to $126.5 million. Knoll first quarter net income soared 318.2% to $9.2 million. Charles Schwab quarterly net income surged 84% to $243 mn.

Ireland Ratings Lowered; Ladbrokes Surges 6.6%

Arthi Gupta
15 Apr, 2011
New York City

The UK indexes traded volatile after Ireland''s sovereign ratings were cut by two levels. The Bank of England policymaker Andrew Sentence forecasted inflation may exceed 5%. SSE sold its 100% interest in three UK wind farms for

U.S. Inflation Rises 0.5%, Google Drops, BofA Net Falls 36%

Arthi Gupta
15 Apr, 2011
New York City

U.S. indexes traded sideways after consumer prices rose 0.5% in March and industrial production improved. Graco agreed to acquire finishing unit of Illinois Tool for $650 million. Bank of America net declined 36% on lower provision for credit losses.

European Indexes Trade Sideways; Nestle Sales Decline 9%

Arthi Gupta
15 Apr, 2011
New York City

The European indexes traded mixed after inflation rose more than estimated in March to 2.7%. Greece is likely to announce new austerity measures. Nestle first quarter sales declined 9% impacted by a stronger domestic currency.

Euro Area Inflation at 2.7%; Trade Deficit Narrows

Arthi Gupta
15 Apr, 2011
New York City

Euro area inflation rose to 2.7% in March and trade deficit narrowed to

Sensex in India Drops 1.6%; Infosys Plunges 10% on Weak Guidance

Devan Biswas
15 Apr, 2011
New York City

Stocks in Mumbai trading dropped after Infosys guided lower than expected growth in sales and revenues in the current quarter. The outsourcing company plunged as much as 10%. The latest read on wholesale inflation showed a decline to 11.40%.

China's Economy Expands 9.7%, March Inflation Accelerates to 5.4%

Devan Biswas
15 Apr, 2011
New York City

China reported faster than expected economic expansion in the first quarter and inflation gained in March to 5.4%, a month after Lunar Year holiday. Steelmakers and banks closed higher but Angang Steel plunged 5% after it estimated earnings fall of 95% in the first quarter.

Weekly Decline of 1.8% in Nikkei in Tokyo Trading

Nigel Thomas
15 Apr, 2011
New York City

Stocks in Japan declined on the worries that China may tighten lending conditions and weak U.S. employment data and rising worries of sovereign debt stress in Europe. Minister of economy clarified that the government expects Tepco to pay for the costs related to nuclear power plant.

Australian Stocks Ease on Faster China Expansion, Inflation

Marcus Jacob
15 Apr, 2011
New York City

Australian stocks declined as commodities fell after China reported faster than expected economic expansion in the first quarter. March inflation increased at the fastest pace in nearly three years. Miners and energy stocks declined.

U.S. Stocks Rest, Zipcar Soars 75%; Lawmakers Pass Budget Cuts

Bikram Pandey
14 Apr, 2011
New York City

U.S. stocks traded sideways as the lawmakers pass the budget cuts agreed with the President Obama. Zipcar soared 75% on its first day of trading as investors support seven public offerings that are expected to raise $1.9 billion. Glencore prepares for a dual-listing that may raise $11 billion.

U.S. Movers: Buckeye Partners, Check Point, Fairchild, Hasbro, Supervalu

Mukesh Buch
14 Apr, 2011
New York City

Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 mn.

UK Confidence Improves; Reckitt Benckiser Plunges 7%

Arthi Gupta
14 Apr, 2011
New York City

The UK indexes slid on concerns of inflation. UK consumer confidence improved in March. The Irish economy is forecasted to grow in 2011. WH Smith surged after first-half pre-tax profit rose 3.2%.

U.S. Jobless Claims Rise 27,000; Foreclosure Filings Decline

Arthi Gupta
14 Apr, 2011
New York City

The U.S. indexes traded lower after weekly jobless claims rose 27,000 to 412,000. U.S. producer prices climbed less than anticipated and foreclosure filings dropped in March and the first quarter. Hasbro quarterly net dropped.

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