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Sensex in India Tumbles 2.5%; Direct Tax Collection Surges 19.5%

Chandrasekhar Atreya
07 Jan, 2011
New York City

Stocks in Mumbai tumbled 2.5% today and dropped 4% in the week. A sharp and sustained increase in food prices and the government

Merger Monday; DuPont Acquires Danisco for $6.3 Billion

Arthi Gupta
10 Jan, 2011
New York City

DuPont agreed to acquire Denmark-based Danisco for $6.3 billion. Sanofi began valuation of Genzyme drug Lemtrada. iGATE acquired stake in India-based Patni for $1.22 billion.

Australian Miners Struggle as Flood Waters Peak; New National Port Strategy

Chandrasekhar Atreya
07 Jan, 2011
New York City

Australian indexes closed lower as flood waters reach peak and miners struggle to contain flood losses. Insurers declined as policyholders file A$150 million of claims. Australian government unveils a new national ports strategy.

Japan Indexes Show Best First Week Gains in Fifteen Years

Chandrasekhar Atreya
07 Jan, 2011
New York City

The broader Topix index gained 3.1% in the week and its best first week performance in fifteen years. Panasonic plans to sell more energy saving white goods in North America. Sony Corp joins a raft of other makers in the tablet market. Overseas investors increase Japanese stocks exposure.

Weekly Gains in Shanghai, Hong Kong; Sinovel Wind Sets IPO Price

Chandrasekhar Atreya
07 Jan, 2011
New York City

Shanghai stock indexes rallied led by banks, developers and automakers. Sinovel Wind fixes the issue price of its public offering at the top end of the range to raise 9.5 billion yuan.

Queensland Flood May Cut GDP by A$2.5 Billion; Stock Index Gains

Chandrasekhar Atreya
06 Jan, 2011
New York City

[R][[6:00 PM Sydney, Australia

Shanghai Indexes Fall 0.5%; GM China Sales Exceed U.S. Sales

Chandrasekhar Atreya
06 Jan, 2011
New York City

Shanghai stock indexes fell and energy stocks led the decliners after central bank governor confirmed rising inflation pressures. World Bank issued first yuan denominated bonds. GM the first foreign automaker to sell more than 2 million vehicles in a year in China sold as many cars as in the U.S.

Nikkei at 8-month High; Steel Exports Surge 10% in November

Chandrasekhar Atreya
06 Jan, 2011
New York City

Tokyo stocks climbed higher and the Nikkei index rose to a eight-month high. Toyota Motor

Sensex in India in 3-day Decline; SAIL Prepares Offering

Chandrasekhar Atreya
06 Jan, 2011
New York City

Stocks in Mumbai closed lower for the third day in a row as food prices show and government fail to rein prices. Steel Authority of India plans a secondary offering in February in two tranches. Suzlon wins orders to build 150 mw wind farms in four states.

Retailers in Sydney Rise; Mega Projects Face Cost Overruns

Chandrasekhar Atreya
10 Jan, 2011
New York City

Stocks in Sydney traded in a narrow range to close higher on the strength in retailers. Australia starts fortnightly income assistance of A$500 for flood-affected workers. Delays in mega-projects have cost Australia more than A$8 billion in cost blowouts in 6 years.

Shanghai, Hong Kong Indexes Drop; China Trade Surplus Shrinks

Chandrasekhar Atreya
10 Jan, 2011
New York City

Shanghai stock indexes fell 1.6% and Hong Kong index fell 0.7% after trade surplus in December dropped. China reported a less-than-expected trade surplus in December 2010 at $13.1 billion. Ford Motor unit in China sold 52% more vehicles in December at 56,880 units.

Sensex in India Plunges 2.4%; December Trade Deficit Narrows to $2.6 Billion

Chandrasekhar Atreya
10 Jan, 2011
New York City

Stocks in Mumbai slipped for the fifth day in a row and lost more than 6%. Trade deficit in December narrows to $2.6 billion as exports surge and imports contracts. Gems & Jewelry exports soared 39% to $23.5 billion in the nine months to December.

Australian Coal Shipments Disrupted; Rio Divests Stake in Alcan Engineering

Chandrasekhar Atreya
05 Jan, 2011
New York City

Sydney benchmark stock index fell further on the second day after overnight drop in commodity prices. Macarthur Coal lowered its first half profit guidance. Number of new homes sold in November drops. Rio Tinto divests its stake in Alcan Engineering Products.

Tokyo Stocks Hover Near Seven Month High, Monetary Base Tops 100 Trillion Yen

Chandrasekhar Atreya
05 Jan, 2011
New York City

Tokyo stocks drop after hitting a new 7

Shanghai 5-day Rally Halts; Sinovel Wind IPO to Raise $9.5 Billion

Chandrasekhar Atreya
05 Jan, 2011
New York City

Shanghai benchmark index dropped after five-day rally as commodities weakened. Sinovel Wind Group, China

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