Devan Biswas
24 Feb, 2011
New York City
Stocks in Mumbai plunged sharply after the latest data showed a stubborn inflation. International markets also declined after crude oil prices touched $100 a barrel, 30-month high. The Sensex dropped 2.8% and automakers, banks and capital goods makers led decliners.
Devan Biswas
24 Feb, 2011
New York City
Stocks in Hong Kong declined for the fourth day in a row and in Shanghai rose. Shipping and port related companies traded lower in Hong Kong and oil refiners declined after crude oil surged to 30-month high. Hong Kong dollar gained. Suning Appliance Co surged 6% on 370 store openings in the year.
Nigel Thomas
24 Feb, 2011
New York City
Japan benchmark index declined for the third day in a row and nearly wiped out half the gains of the year as crude oil reached 30-month high. Overseas investors added Japan stocks for the 16th week in a row. Tobu, railroad operator plunged after it announced a plan to raise $1.1 billion.
Marcus Jacob
24 Feb, 2011
New York City
Australian stocks closed lower tracking markets in Asia but the Australian dollar edged up after businesses investment is expected to increase 32% in the next financial year. Origin Energy declined after it lowered outlook. Pacific Brands fell 15% after it reported a loss.
Marcus Jacob
28 Feb, 2011
New York City
Australian stocks decreased and markets were halted in the last hour of trading on a computer glitch. QBE Insurance said full-year net decreased 17% and underlying profit margin declined to 15%. QR National swung to a first-half net profit of $278 million. Downer EDI plans to raise capital.
Bikram Pandey
25 Feb, 2011
New York City
U.S. indexes rebounded and European markets closed mixed after crude oil prices stayed near 30-month high. U.S. lowered fourth quarter economic growth to 2.8% from 3.2% and consumer confidence rose in February.
Mukesh Buch
23 Feb, 2011
New York City
Chesapeake Energy reported fourth quarter net income of $180 million. DIRECTV said net income in the quarter of $618 million. HP first quarter net income soared 16% to $2.6 billion. Lowe''s fourth quarter net earnings surged 39% to $285 million. Westlake Chemical quarterly net rose to five-fold.
Arthi Gupta
23 Feb, 2011
New York City
The UK indexes plunged after escalating turmoil in Libya weighed on investor sentiment. The Bank of England policy members were split on key rate hike and UK mortgage approvals rose in January. Irish trade surplus dropped in December. Centrica signed
Arthi Gupta
23 Feb, 2011
New York City
The European indexes slid after unrest in Libya continued. Euro-zone industrial orders grew in December. Merkel hinted on an extension of Greece repayment period. French inflation index stays flat in January. Spanish mortgage approvals slumped in December. Accor and Commerzbank swing to profit.
Arthi Gupta
23 Feb, 2011
New York City
World markets edged lower as protests continue in Libya and Bahrain. Gaddafi vowed to stay in power. Libya supplies 1.5 million barrels a day of oil to Europe and y one third to Italy. Forest Labs agreed to buy Clinical Data for $1.2 billion. Hewlett Packard falls on lower than expected outlook.
Devan Biswas
23 Feb, 2011
New York City
Stocks in Mumbai declined in the final hour of trading as crude oil price increase sparked fears of another bout of inflation. Goodyear India and Bata India reported sharply higher earnings. Reliance Infra soared after it commenced metro link to airport in New Delhi.
Devan Biswas
23 Feb, 2011
New York City
Stocks in China closed up but in Hong Kong fell on the weakness in property stocks. Hong Kong economy expanded at a faster than expected pace of 6.8% in 2010 and the government estimated economy to grow between 4% and 5% in 2011. Gold miners surge in Shanghai and Hong Kong property developers fell.
Nigel Thomas
23 Feb, 2011
New York City
Stocks in Japan extended losses for the second day as crude oil surges and investors worry of the growing contagion in the Middle East. The Nikkei index declined 0.8% and fell 1.8% in the last two days of trading. Automakers, exporters and banks closed lower.
Marcus Jacob
23 Feb, 2011
New York City
Stocks in Australia declined but rebounded from the lows as the dollar gained. Crude oil surged for the third day and third week in a row as furor in Libya lead to more bloodshed. Suncorp Group first half net declined 39%. Coca-Cola Amatil annual net increased 11%.
Bikram Pandey
22 Feb, 2011
New York City
The S&P dropped 2.2% and the Nasdaq index decline 2.8% as unrest in Libya threaten oil production and supply to Europe. The rising tensions are making authorities in Saudi Arabia, Iran and Syria worried. Wal-Mart declined after quarterly sales were lower than expected. Home prices fell in the U.S.
