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Australian Dollar Nears Parity; Sydney Stocks Climb 1.7%

Chandrasekhar Atreya
14 Oct, 2010
New York City

Australian shares gained more than 1.7% led by banks and miners as the Australian dollar neared parity. Business demand for credit dropped in the quarter to September. HSBC

U.S. Stocks, Gold, Oil Rise; Dollar Slides

Devan Biswas
13 Oct, 2010
New York City

U.S. stocks surged after JPMorgan Chase, CSX Corp and Intel reported better than expected earnings. The dollar declined further against the euro, the yen and the pound. Gold surged to a new record high and crude oil inched to $83 a barrel.

CSX Rises; MGM Resorts Drops

Bikram Pandey
13 Oct, 2010
New York City

U.S. stocks traded sideways in a choppy trading. CSX Corp traded higher after the rail network operator reported higher than expected earnings. Intel and JPMorgan Chase edged lower after reporting earnings. MGM Resorts plunged nearly 10% after it plans to raise as much as $500 million.

UK Indexes Rise; Consumer Confidence Drops to 18-Month Low

Arthi Gupta
13 Oct, 2010
New York City

The UK indexes rose after U.S. Fed comments and a rally that lifted world markets. Resource stocks closed higher. The UK consumer confidence deteriorated in September and unemployment fell but claimant count rose. Standard Chartered planned rights issue and raise as much as

European Indexes Soar; French Inflation Accelerates

Arthi Gupta
13 Oct, 2010
New York City

The European indexes soared after euro-zone industrial production rose 1% in August and U.S. stocks climbed. French consumer prices fell unexpectedly and inflation accelerated in September. Greek import price inflation slowed in August.

U.S. Stocks Advance; Intel, JPMorgan Net Rise

Arthi Gupta
13 Oct, 2010
New York City

U.S. stocks gained after the Fed comments and upbeat earnings from Intel and JPMorgan. U.S. import prices declined 0.3% and export prices rose 0.6% in September. Intel earnings rose 59% and JPMorgan Chase earnings surged 23%.

Sensex Soars 2.4%; Coal India Offering Gains Momentum

Chandrasekhar Atreya
13 Oct, 2010
New York City

Stocks in Mumbai surged after foreign investors continued to increase stakes and the strength in the international markets. Coal India Ltd expects to raise as much as $3.8 billion in a public offering on strong demand form global investors.

China Region Indexes Gain; Exports and Trade Surplus Rise

Chandrasekhar Atreya
13 Oct, 2010
New York City

Stocks in China region rose after mainland China exports surged and foreign exchange reserves reached a record in September. China regulator vows to stop speculative money inflows. Hong Kong proposes to increase land supply for projects.

Japan Sought China, Korea Cooperation in Currency Management

Chandrasekhar Atreya
13 Oct, 2010
New York City

Japanese stocks moved in a narrow range to close little changed. The yen weakens for the first time in five days but stayed near 15-year highs. Used automobiles sales surge in September after the subsidies expired. Japan asks China and South Korea to act in concert to ensure stability of the yen.

Fitch Says Australian Banks Pass Stress Tests

Chandrasekhar Atreya
13 Oct, 2010
New York City

Stocks in Australia stayed little changed after fluctuating several times. Consumer confidence rises in October. Resource stocks are expected to rise as iron ore prices increase ahead of rebuilding of stocks in China. Australian banks have sufficient capital to withstand 40% decline in home prices.

Fed Minutes Lift Hopes for U.S. Stimulus; Oil Eases

Devan Biswas
12 Oct, 2010
New York City

U.S. stocks rebounded after the Fed minutes noted its willingness to buy more U.S. Treasuries. Banks and consumer sector stocks closed higher. The dollar struggled as the markets in Asia and Europe closed lower.

Google, King Pharma, ActivIdentity Rise; Global Payments Fall

Bikram Pandey
12 Oct, 2010
New York City

U.S. stocks traded lackluster as the dollar edged lower and commodities traded near recent highs. Google Inc increased 1% after it formed a joint venture to distribute electricity. King Pharmaceuticals soared on a takeover agreement with Pfizer.

UK Retail Sales, Home Prices Fall; Slower Economic Growth

Arthi Gupta
12 Oct, 2010
New York City

The UK indexes slid after retail sales growth slackened and home prices fell in September. The UK economy slowed in the third quarter but annual inflation remained at 3.1% in September and trade deficit narrowed in August.

German WPI Rises; French Current Account Deficit Widens

Arthi Gupta
12 Oct, 2010
New York City

The European indexes gained after German inflation and WPI rose in September. French current account deficit widened in August and Holland recorded trade surplus of

U.S. Stocks Decline; Pfizer Acquires King Pharma for $3.6 Billion

Darlington Musarurwa
12 Oct, 2010
New York City

U.S. stocks traded lower ahead of the minutes of FOMC meeting. Pfizer agreed to buy King Pharma for $3.6 billion. Chevron sold 23.44% Colonial Pipeline stake to the private equity group KKR. Dollar Tree agreed to buy Canada based Dollar Giant Store for more than $50 million.

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