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Sensex in India Drops 1%; Diesel Prices on Hold

Chandrasekhar Atreya
05 Jan, 2011
New York City

Stocks in Mumbai fluctuated and closed lower. India decides to hold diesel retail prices. Larsen & Toubro after a restructuring will operate under nine independent companies.

Australia Struggles to Resume Coal Exports

Chandrasekhar Atreya
04 Jan, 2011
New York City

The benchmark index in Australia closed flat on the first day of trading. Losses mount and coal supplies remain disrupted as floods wash rail lines in Queensland. The new Australian Consumer Law is expected to streamline disclosures. Manufacturing activity softened in December.

Nikkei Climbs 1.7%; Population Decline Accelerated in Japan

Chandrasekhar Atreya
04 Jan, 2011
New York City

Tokyo stocks hit a fresh 7

Shanghai, Hong Kong Rally; Resource Stocks Lead

Chandrasekhar Atreya
04 Jan, 2011
New York City

Stocks in Hong closed higher as the index gained in a longest rally in two months. Shanghai index gained on the first day of trading with copper and coal miners leading. December index for non-manufacturing sector gained after declining for two months.

Posco Steel Plant Wins Environmental Approval, India

Chandrasekhar Atreya
04 Jan, 2011
New York City

Stocks in Mumbai fluctuated and closed lower. South Korea based Posco

India Seeks Coal Mines in Africa; Current Account Deficit Surges

Chandrasekhar Atreya
03 Jan, 2011
New York City

Sensex index in Mumbai closed higher. November exports rose 26.5% to $19 billion but current account deficit surged. India

UK Indexes Slide; JD Sports Fashion Sales Up 2.5%

Arthi Gupta
07 Jan, 2011
New York City

The UK indexes slid after weaker job markets in Europe and the U.S. CSC revised terms for Trafford Centre acquisition. British Land sold superstore to Aviva Investors for

Europe Unemployment Rate 10.1%, German Industrial Production Declines

Arthi Gupta
07 Jan, 2011
New York City

The European indexes declined after euro-zone jobless rate was flat in November and GDP growth slowed in the third quarter. German trade surplus and retail sales declined in November. Estonia annual inflation rose in Dec.

U.S. Non-Farm Payroll Rises; Unemployment Rate Falls To 9.4%

Arthi Gupta
07 Jan, 2011
New York City

The U.S. indexes traded sideways after non-farm payrolls rose less than estimated. U.S. Defense Secretary Robert Gates pledged defense budget cuts. AIG agreed to issue 75 million warrants as dividend. Hologic acquired Interlace Medical for $125 million.

UK Service Sector Contracts; National Commission Blames BP, Contractors

Arthi Gupta
06 Jan, 2011
New York City

The UK indexes climbed after service sector contracted in December. The Bank of England estimated decline in mortgage demand in the first quarter. Rolls-Royce completed contract with British Airways worth $5 billion. British Land agreed to acquire Drake Circus for

German Factory Orders Soar; European Economic Sentiment Improves

Arthi Gupta
06 Jan, 2011
New York City

The European indexes gained after German factory orders surged in November. China expressed willingness to buy

U.S. Jobless Claims Rise; Retailers Same Store Sales Surge

Arthi Gupta
06 Jan, 2011
New York City

U.S. indexes dropped after weekly jobless claims rose 18,000 and retailers reported sharpest same store sales increase in several years. U.S. home prices are estimated to fall further in 2011. Limited Brands, Walgreen and Costco and Pier-1 Imports reported higher sales.

UK Construction Sector Contracts; HMV Group Plunges 22%

Arthi Gupta
05 Jan, 2011
New York City

The UK indexes slid after mining and banks stocks fell. Construction sector contracted in December. Retailers reeled under the impact of value-added tax. Irish home prices fell in the fourth quarter and services PMI dropped in December. HMV plunges on decline of sales.

European Indexes Climb; BMW U.S. Sales Rise 17%

Arthi Gupta
05 Jan, 2011
New York City

The European indexes climbed after euro-zone Services PMI and PPI rose. French service sector activity improved in December. Spanish industrial production grew and Hungarian PPI soared in November. Romanian central bank retained key rate at 6.25%.

U.S. Private Sector Employment Expands; Qualcomm Acquires Atheros

Arthi Gupta
05 Jan, 2011
New York City

U.S. indexes gained after private sector employment rose more than anticipated in December. The U.S. Fed noted stimulus to continue until economy recovery and improvement in jobs situation. Qualcomm agreed to buy Atheros Communications that values the company at $3.1 billion.

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