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U.S., World Stocks Decline; Oil Touches $100, Libya Splits

Bikram Pandey
23 Feb, 2011
New York City

U.S. stocks traded lower as Libya took center stage and oil rallied to $100 a barrel before settling at $98.10. The nascent U.S. economic recovery could take a hit if crude oil remains above $90 a barrel for the next 45 days. Technology stocks declined after Hewlett Packard dropped 9.5%.

Sensex in India in 5-day Rally; Industrials, Automakers and Banks Lead

Devan Biswas
17 Feb, 2011
New York City

Stocks in Mumbai closed higher tacking gains in Asian markets and rising earnings outlook. More than 2,000 companies have released third quarter earnings with average increase of 19%. Reliance Industries plans to invest $30 billion in the next five years in business units from energy to retail.

Stocks in Shanghai, Hong Kong Rise; Steelmakers Lift Prices

Devan Biswas
17 Feb, 2011
New York City

Stocks in Shanghai closed higher on earnings expectations and hopes of global economic recovery. Property developers declined after Beijing municipal government. Steelmakers gained after companies passed on higher steel prices.

India Movers: Everonn Education, Mahindra Satyam, Steel Authority

123jump.com Staff
17 Feb, 2011
New York City

Atlanta rose 1% after it won contract to build highway in Assam. Everonn Education soared 17%. Mahindra Satyam agreed to pay $125 million to settle US shareholder litigation. Steel Authority of India is looking to set up a steel plant in Mongolia worth $3.5 billion.

Nikkei in Japan Near 10-month High; Honda, inpex, Canon Lead Gainers

Nigel Thomas
17 Feb, 2011
New York City

Stocks in Japan inched higher as foreign investors continue to increase their net exposure. More than 1,000 companies in the first section of Tokyo Stock Exchange are expected to increase earnings by 40% in the current fiscal year. Improved global sentiment lifted Nikkei index.

Earnings at Qantas, Wesfarmers, Lend Lease, Santos Rise

Marcus Jacob
17 Feb, 2011
New York City

Stocks in Australia traded higher and the Australian dollar inched up. Qantas first-half net soared four-fold on 10% increase in revenues in the first-half. Wesfarmers net rose nearly 25%. Lend Lease first-half net increased 10% on sales decline of 22%. Santos net increased 15%.

Fed Lifts Economic Estimate; Middle East Unrest Spreads to Libya, Oil Rises

Bikram Pandey
16 Feb, 2011
New York City

U.S. stocks traded higher on earnings and economic optimism. Dell net more than doubled and Societe Generale quarterly net soared four-fold. Cotton and agriculture commodities traded higher. Middle East unrest spreads to oil producing nation Libya and protest in Bahrain and Yemen continues.

U.S. Movers: Deere, Dell, Family Dollar, Fossil and ValueClick

Mukesh Buch
16 Feb, 2011
New York City

Abercrombie fourth quarter net income increased 8.1%. Deere first quarter net income rose 111% to $513.7 million. Dell fourth quarter net income nearly doubled. Fossil quarterly net income soared 38.1%.

UK Consumer Confidence Slumps; UK Jobless Rate at 7.9%

Arthi Gupta
16 Feb, 2011
New York City

The UK indexes edged higher after consumer confidence plummeted and jobless claims rose in January. The Bank of England forecasted inflation to range between 4% and 5% in the near term. BAE Systems acquired Intelligence Services Group.

Daimler Swings to Profit, Heineken Net Up; Clariant Buys S

Arthi Gupta
16 Feb, 2011
New York City

European indexes gained on earnings and two large deals. Danish banks'' ratings lowered. Sanofi agreed to acquire Genzyme for $74 a share and Clariant purchased S

Sanofi Acquires Genzyme in $20.1 Billion, Family Dollar in Play

Arthi Gupta
16 Feb, 2011
New York City

U.S. indexes rose after Dell net more than doubled. U.S. homebuilder confidence remained flat in February. Sanofi-Aventis acquired Genzyme in a $20.1 billion deal. Air Products withdrew its offer for Airgas. Borders Group filed for bankruptcy.

Sensex Extends 3-day Gains; Pharma, IT Exporters Rise

Devan Biswas
16 Feb, 2011
New York City

Stocks in Mumbai closed higher for the fourth day as investors bid up export sensitive stocks. The Sensex gained 0.1% and the rupee edged lower. India and Japan signed a free trade pact that will eliminate tariffs on 94% of trade and lift trade to $25 billion by 2015.

Japan and India Sign Free Trade Pact; Banks, Daihatsu Rise

Nigel Thomas
16 Feb, 2011
New York City

Stocks in Japan closed higher as foreign investors shift money to developed market. The yen strengthened. Daihatsu Motor will begin production of low-priced compact cars in Indonesia. Japan and India sign free trade agreement that will eliminate tariff on 94% of trade in ten years.

India Movers: BPCL, Hexaware, Jindal Steel, Tata Steel

Mukesh Buch
16 Feb, 2011
New York City

Bharat Petroleum Corporation to increase jet fuel prices by 4.12%. Jindal Steel gained 3% after environment ministry approved steel plant in Orissa. Tata Steel gained 3.9% after net profit surged 112%.

BHP Billiton Net Soars 72%; Gloucester Coal Net Jumps 36%, CSL Net Falls 19%

Marcus Jacob
16 Feb, 2011
New York City

Australian stocks closed nearly unchanged and the dollar edged lower. BHP Billiton first half net soared 71.5% to $10.5 billion on 39% increase in sales. The blood plasma maker CSL net declined 19%. Gloucester Coal net soared 36%.

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