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China Indexes Plunge 5% on Inflation Worries; HK Expands at 6.8%

Nigel Thomas
12 Nov, 2010
New York City

Stocks in China plunged on the worries that accelerating inflation will spark another round of bank tightening. The benchmark indexes in Shanghai plunged more than 5%. Hong Kong reported third quarter economic growth at 6.8%.

Stocks in Tokyo Retreat; Mizuho Takes 2% Stake in BlackRock

Marcus Jacob
12 Nov, 2010
New York City

Stocks in Tokyo declined after rising for two days and banks declined. Sumitomo Mitsui Financial and Mizuho Financial revised annual earnings outlook. Mizuho also agreed to take 2% stake in the U.S. based asset manager BlackRock.

World Stocks Fall on Cisco Guidance, Ireland Worries; Record in Copper

Bikram Pandey
11 Nov, 2010
New York City

U.S. stocks declined after Cisco Systems guided lower revenues on weaker sales to governments in Japan, Europe and the U.S. European markets fell on the renewed worries that Ireland and other nations may struggle to repay sovereign debts. Copper closed at a record on the inflation worries in China.

UK Stocks Struggle; Ireland Bond Yields at 9%

Devan Biswas
11 Nov, 2010
New York City

UK stocks and broader indexes fell after investors feared that Ireland and other smaller nations may struggle with bonds repayment. Copper prices closed at a record high on the inflation worries in China. Irish bonds yields rose to 9%.

Insurers, Banks Decline in Europe; Ireland Bonds Losses

Marcus Jacob
11 Nov, 2010
New York City

European markets came under pressure after investors face significant losses linked to Ireland related debts and bonds. The loss worries quickly extended to other struggling nations including Spain, Portugal and Greece. Siemens AG lifted its dividend. Telefonica SA fell on weaker earnings.

U.S. Movers: Cisco, Rosetta Stone Plunge; Advance Auto Parts Rises

Nigel Thomas
11 Nov, 2010
New York City

Advance Auto Parts Inc traded higher after the auto parts retailer lifted its annual earnings outlook to between $3.80 and $3.90 a share. Prudential Financial Inc said in a statement that the company is looking to raise as much as $1 billion. Cisco Systems dropped 16%.

India Movers: Apollo Tyre, DLF, Nagarjuna, Ranbaxy, Vardhman

Mukesh Buch
11 Nov, 2010
New York City

Stock in Mumbai fell. Apollo Tyres plunged 6% after net profit fell 59%. DLF Limited slumped 4% after net profit fell 5%. Nagarjuna Construction declined 1% and net profit rose 35%. Ranbaxy Laboratories slumped 3% and net profit soared 169%. Vardhman Industries gained 4% net profit spurted 116%.

U.S. Indexes Drop on Cisco Outlook; Home Seizures Fall 9%

Devan Biswas
11 Nov, 2010
New York City

U.S. stock indexes fell sharply after Cisco guided lower than expected sales in the current quarter. The weak guidance dragged tech stock heavy Nasdaq down 1.7%. U.S. home seizures declined 9% in October. The gold gained the dollar edged up.

Fuel Prices on the Rise in China; Banks Close Up

Nigel Thomas
11 Nov, 2010
New York City

Stocks in China region closed higher on the strength in the banking and resource stocks. Rating agency Moody

Stocks in Japan Await G20 Meeting Outcome

Marcus Jacob
11 Nov, 2010
New York City

Tokyo stocks advanced for the second day in a row after banks and exporters gained. Resource stocks closed higher after commodities and crude oil advanced. APEC ministers are looking to speed up free trade in the region as they fear world economic slowdown.

Dollar at One Month Peak; Oil at 2-year High; Stocks Look to China

Bikram Pandey
10 Nov, 2010
New York City

World markets traded sideways with a negative bias as the crude oil gained and precious metals declined. Earnings were in focus and General Motors reported sharply higher earnings ahead of its public offering. In Europe banks in the peripheral region of the EU declined on weaker earnings.

U.S. Movers: A123 Systems, AgFeed, Jamba, Washington Post

Devan Biswas
10 Nov, 2010
New York City

Grand Canyon Education revenue increased 50%. Polo Ralph Lauren Corp second quarter revenue increased 11%. Tesla Motors third quarter revenue fell to $31.2 million. Washington Post declined as the company

UK Stocks Struggle; BoE Outlook Uncertain

Nigel Thomas
10 Nov, 2010
New York City

UK indexes closed lower sharply after resource stocks fell. Weak commodities prices after China tightened the bank capital reserve ratio and let the yuan strengthen. Sainsbury

European Indexes Lower; Henkel, Hannover Re Up, Holcim, Natixis Down

Devan Biswas
10 Nov, 2010
New York City

European stocks closed lower as the euro advanced. Mixed earnings kept indexes trading lower. Holcim Ltd and Natixis SA fell on weaker than expected earnings. Henkel SA and Hannover Re closed higher.

U.S Jobless Claims Fall; Trade Gap Narrows

Bikram Pandey
10 Nov, 2010
New York City

U.S. stocks traded sideways and currency traders looked for a direction as the G20 nations meet. The dollar traded volatile with a declining bias. Commodities and crude oil edged lower. U.S. Trade deficit declined to $44 billion and weekly jobless claims fell.

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