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European Banks, Stocks Lower on Portgual Worries

Arjun Dave
05 Apr, 2011
New York City

European markets traded lower after Portugal debt drifted closer to external bailout. A rating agency downgraded Portugal debt. European retail sales eased 0.1% in February. Banks in Portugal, Spain and Germany declined.

Mumbai Stocks on Hold; Sesa Goa, Bharti Airtel Up

Devan Biswas
05 Apr, 2011
New York City

Stocks in Mumbai recovered from the losses of near 1% and closed down a fraction. The cross currents of higher crude oil prices and the expectations of higher earnings played out in the market. Sesa Goa soared after the Supreme Court lifted exports ban.

Nikkei in Tokyo Drops 1.1%; Supply Chain and Fukushima Worries

Nigel Thomas
05 Apr, 2011
New York City

Stocks in Japan declined as fresh worries arose concerning nuclear power plant. Fishery related stocks declined after Tepco dumped water with low radioactive contamination in Pacific Ocean. Automakers declined after Toyota joins Honda and Nissan in curtailing auto production.

Australia Rate on Hold, February Trade Deficit on Delayed Coal Shipments

Marcus Jacob
05 Apr, 2011
New York City

Australian stocks edged higher after the Reserve Bank of Australia left rates on hold for the fifth month in a row. Australia recorded trade deficit of $205 million in February as coal and iron ore shipments were delayed. The Australian dollar closed at $1.03.

U.S. Stocks Turn Negative, Silver Shines; Monday Global Deals of $25 Billion

Bikram Pandey
04 Apr, 2011
New York City

U.S. stocks struggled to arrest early morning gains after crude oil and commodities were in focus. Deals of $25 billion were announced on Monday. Silver surges to a 3-decade high. Markets in Asia gained and stocks in Japan struggled on supply chain worries.

Resources Heavy UK Indexes Rise; Vodafone Sells SFR Stake for

Nigel Thomas
04 Apr, 2011
New York City

UK stocks edged higher in a quiet trading as crude oil prices overshadowed the deal making. Crude oil in London jumped more than 1% to a 30-month high. Vodafone Group sold its stake in France based SFR for nearly

U.S. Movers: Ambassadors, Epicor Software, Pfizer, Southwest Airlines

Mukesh Buch
04 Apr, 2011
New York City

The cruise operator Ambassadors filed for a bankruptcy protection. Epicor Software agreed to be acquired by private equity funds managed by Apax Partners. Pfizer sold its Capusgel business to KKR for $2.38 billion in cash. Southwest Airlines cancels more than 70 flights.

Pfizer Sells Capsugel for $2.4 Billion to KKR, Oil in Focus

Bikram Pandey
04 Apr, 2011
New York City

U.S. stocks struggle as crude oil prices gain and commodities edge higher. Vodafone agreed to sell its stake in the second largest French mobile telecom operator for $11.3 billion and Pfizer agreed to sell its capsules maker unit for $2.4 billion.

Solvay Offers

Arjun Dave
04 Apr, 2011
New York City

European markets in a quiet trading focused on banks in Ireland, Italy and Portugal. Italian banks are expected to raise as much as 10 billion euros in the next two months ahead of banks stress tests. Vodafone agreed to sell its 44% stake in SFR to Vivendi and Solvay launched an offer for Rhodia.

Sensex Extends Gains to 9%; Silver Up, Reliance Denies 2G Scam Charges

Devan Biswas
04 Apr, 2011
New York City

Stocks in Mumbai closed higher after foreign funds flows picked up. The positive momentum in trading carried the Sensex index up 1.5% and extended gains in last ten days to above 9%. Reliance Communications and others deny government charges in telecom licenses scam.

Tokyo Stocks Struggle, Yen Declines; IHI, Iwatani Up

Nigel Thomas
04 Apr, 2011
New York City

Stocks in Japan struggled to advance after the government said it may take a month before the radiation leak is contained. Supply chain and earnings worries dampened market sentiment. Weaker yen lifted exporters. Automakers and electronics makers closed mixed.

Minmetals Bids C$6.3 Billion for Equinox; Cellestis Agrees to Quiagen Deal

Marcus Jacob
04 Apr, 2011
New York City

Australian stocks traded higher ahead of the Reserve Bank of Australia rate decision tomorrow. China controlled Minmetals Resources launched $6.3 billion offer for Equinox Minerals. Cellestis, the diagnostic technology company agreed to a takeover of $341 million from the Frankfurt listed Qiagen.

Jobs Report Extend U.S. Stock Rally in 2nd Week; Portugal, Ireland in Focus

Bikram Pandey
01 Apr, 2011
New York City

U.S. stocks gained for the second week in a row after the release of employment report. The three popular indexes gained between 1.3% and 1.7% in the week. Ford domestic sales surpassed GM sales in March and Toyota sales declined. Crude oil rebounded after fight for oil cities in Libya intensifies.

U.S. Movers: Cascade, Global Payments, Kid Brands, Office Depot, Nasdaq

Mukesh Buch
01 Apr, 2011
New York City

Nasdaq OMX made a joint proposal to acquire NYSE Euronext. Global Payments third quarter net income fell to $47.8 million. Kid Brands fourth quarter net income surged 72.6% to $22.8 million. Office Depot restates tax benefits of $80 million and change net earnings from $33 mn to net loss of $46 mn.

UK Manufacturing Activity Eases; 3i Down 5%

Arthi Gupta
01 Apr, 2011
New York City

The UK indexes surged after successful completion of stress tests in Ireland and a rating agency lowered Irish debt view. The UK manufacturing sector growth eased in March. Shell agreed to sell Chilean downstream business to Quinenco for $614 million.

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