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Japan Lowers View on Economy; Firm Yen

Chandrasekhar Atreya
19 Oct, 2010
New York City

Japanese stocks rebounded Tuesday on earnings outlook and a pause in yen

Australian Reduces U.S. Treasury Holdings; Dollar Hovers Near Parity

Chandrasekhar Atreya
19 Oct, 2010
New York City

Australian shares pared its weak start to this week but stayed little changed and the Australian dollar hovered near the parity with the U.S. dollar. Construction industry survey highlighted worker shortage. Australia reduces U.S. Treasury holdings in August by 25%.

U.S. Stocks, Bonds Advance; Dollar Eases

Bikram Pandey
18 Oct, 2010
New York City

U.S. stocks and bonds closed higher and industrial output in September declined unexpectedly. The dollar declined against the yen and the euro and gold and silver closed higher. Banks in the U.S. and Europe closed higher after Citigroup reported better than expected earnings. UK proposed military budget cuts for the next three years.

Citigroup, Hasbro Rise; Haliburton, Knoll Fall

Bikram Pandey
18 Oct, 2010
New York City

Citigroup added more than 3% after it reported better than expected earnings. Haliburton Company dropped more than 4% after the quarterly earnings surged 108%. New Oriental Education & Technology Group Inc rose as much as 4% after revenues increased 29%.

UK Home Prices Surge; RBC to Acquire BlueBay

123jump.com Staff
18 Oct, 2010
New York City

The UK indexes gained after home prices surged 3.1% in October. The CEBR forecasted the BoE will expand bond buying program by

German GDP Growth to Top 3%; Philips Slumps 4.8%

Arthi Gupta
18 Oct, 2010
New York City

The European indexes advanced after Citigroup reported better than expected earnings and Bundesbank forecasted German GDP growth to exceed 3% in 2010. Trichet rejected calls to scrap ECB bond buying. Italy current account deficit rose in August.

U.S. Stocks Higher; Industrial Production Declines

Arthi Gupta
18 Oct, 2010
New York City

U.S. stocks traded lower after Citigroup quarterly sales and net rose. St. Jude Medical agreed to buy AGA Medical for $1.3 billion including debt. Northeast Utilities agreed to acquire NSTAR in all stock $9.5 billion deal.

India Movers: L&T, Godrej Properties, HDFC Bank, ONGC

Mukesh Buch
18 Oct, 2010
New York City

Larsen & Toubro increased more than 1% after its second quarter net from operations increased 19.6%. Godrej Properties declined 3.6% after quarterly net fell 26.4%. HDFC Bank second quarter net surged 21.6%.

Sensex Rebounds from 1% Loss on Coal India Offering Strength

123jump.com Staff
18 Oct, 2010
New York City

Stocks in Mumbai recovered from the early fall as the Coal India offering received more than thirty percent of subscription. World

China Invests More Abroad; Hang Seng Index Falls 1.2%

Chandrasekhar Atreya
18 Oct, 2010
New York City

In the absence of global events and local economic news stocks declined in Shanghai and Hong Kong. China

Red Hat Q2 Earnings Call Transcript

123jump.com Staff
18 Oct, 2010
New York City

The open source solutions provider quarterly revenue rose 20% to $219.8 million. Net income in the quarter declined 18% to $23.7 million, which included a one-time tax benefit of $7.3 million. Earnings per share fell to 12 cents from 15 cents per share in the year-ago quarter.

Japan Department Stores Sales Decline Again; Stocks Flat

Chandrasekhar Atreya
18 Oct, 2010
New York City

Stocks in Japan closed nearly unchanged and the yen traded at elevated level. Department store sales fell in September for the 31st month in a row. Japanese oil firm Inpex drops its Iran project in order to pursue energy development plans in Australia and other regions.

BHP Billiton, Rio Tinto Cancel Iron Ore Venture, Dollar Eases

Chandrasekhar Atreya
18 Oct, 2010
New York City

Australian shares declined today and the dollar eased from its record high on Friday. BHP Billiton and Rio Tinto formally cancel the Pilbara iron ore venture as it faced regulatory hurdles from Australia, Korea, Japan and EU. Heavy rains in Queensland delays iron ore exports.

U.S. Tech Stocks Rally; Elevated World Resources Stocks

Devan Biswas
15 Oct, 2010
New York City

U.S. stocks edged lower but tech stocks surged nearly 2.7% in the week. Investors stayed on the side lines after the release of mixed U.S. economic data and lower than expected revenues from GE. Banks may face more scrutiny as foreclosure process grinds to a halt. Inflation in Europe rose.

Euro Area Inflation Rises to 22-Month High

Arthi Gupta
15 Oct, 2010
New York City

The European indexes traded mixed after euro-zone annual inflation surged in September and trade balance widened in August. The ECB member Juergen Stark reiterated that monetary policy is appropriate. European car registrations fell in September.

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