Arthi Gupta
17 Sep, 2010
New York City
The European indexes fell after euro area current account deficit remained flat and construction output fell in July. German PPI rose 3.2% in August. Carrefour SA surged 5% after the retail giant plans to invest about
Arthi Gupta
17 Sep, 2010
New York City
U.S. stocks gained after consumer prices rose 0.3% in August. The U.S. Senate approved small business bill. J&J negotiated to buy rest of Crucell shares for
Chandrasekhar Atreya
17 Sep, 2010
New York City
The Sensex index closed higher and jumped 4% and surged more than 7% in the month. Rupee advanced. Sustained foreign investments and rising consumer confidence has lifted index at the fastest pace in last four months. State Bank of India looks to raise more than $4.5 billion.
Chandrasekhar Atreya
17 Sep, 2010
New York City
Stocks in Shanghai treaded marginally lower but the weekly drop was the steepest in more than two months. Hong Kong index gained 1% and for the week added 3.3% and surged more than 7% in the month. Four Taiwan-based banks get permission to open mainland branches.
Chandrasekhar Atreya
17 Sep, 2010
New York City
Stocks in Japan added more than 1% on Friday and gained 4% in the week and surged more than 9% in the month. The yen declined to five-week low against the dollar and the euro. Prime Minister Kan announced a new cabinet. Crude steel output rises in August, the tenth consecutive month of increase.
Chandrasekhar Atreya
17 Sep, 2010
New York City
Stocks in Australia rallied and closed higher for the third week in a row. The weekly gain of 1.7% completes the rise of more than 8% in less than three weeks. Asciano Group raised $1 billion to repay bank loans. Santos secures funds for its Gladstone LNG project.
123jump.com Staff
17 Sep, 2010
New York City
The natural, organic, and specialty foods distributor quarterly sales rose 15.8% to $988.5 million. Net quarterly income grew 14% to $17.6 million. Earnings per share rose to 40 cents versus 36 cents per share in the prior year and fiscal 2011 earnings estimated between $1.74 and $1.83 per share.
Bikram Pandey
16 Sep, 2010
New York City
U.S. stocks struggled but managed to close higher on low trading volume. Gold edged closer to record high. FedEx declined after it issued a cautious outlook for the second quarter and first quarter net doubled. European trade surplus surged and UK retail sales dropped.
Devan Biswas
16 Sep, 2010
New York City
GameStop Corp surged after it announced a plan to buy back stocks. Pier 1 Imports Inc gained more than 4% after reporting higher than expected sales and profit. FedEx Corp declined after it reported lower than expected sales.
Arthi Gupta
16 Sep, 2010
New York City
The UK indexes dropped after retail sales fell in August. Food stores fell 0.5% and non-food stores dipped 0.7% in August. The Confederation of British Industry estimated manufacturing growth in the next three months. Kesa Electricals plc four-month sales increased 8.2%.
Arthi Gupta
16 Sep, 2010
New York City
The European indexes fell after euro area trade surplus surged in July. The EU proposed stringent measures to curb short selling. Private estimate of Swiss growth in 2010 was revised higher and Swiss central bank retained its key interest.
Arthi Gupta
16 Sep, 2010
New York City
U.S. stocks declined after weekly jobless claims fell 3,000 to 450,000. Producer prices increased 0.4% and foreclosure filings fell in August. FedEx net surged 110% to $380 million. IBM agreed to buy OpenPages. OpenTable agreed to acquire UK based restaurant reservation and review company.
Chandrasekhar Atreya
16 Sep, 2010
New York City
Reserve Bank lifted rates as expected but showed its inability control rising inflation in the near future. The statement noted that inflation is likely to remain high for an extended period and recent volatile industrial production is also not desirable. Seven day rally in Sensex halted.
Chandrasekhar Atreya
16 Sep, 2010
New York City
Stocks in China region fell on loan curb concerns. U.S. asks WTO to probe into unfair trade practices by China. Anshan Iron & Steel, first Chinese company to build a steel mill in the U.S. China Mobile plans to introduce a 4G service that will increase data speed by a factor of ten.
Chandrasekhar Atreya
16 Sep, 2010
New York City
The benchmark Tokyo index closed unchanged after the decline in domestic companies overwhelmed the rise in export stocks. Bank of Japan in a coordinated action conducted the sale of $16 billion of yen to fight the strengthening yen. Marubeni plans to acquire upstream energy assets in Australia.
