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Infosys Q1 Profit Declines, Sensex Gains

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Stocks in Mumbai traded higher after fluctuating several times during the day. Infosys reports lower-than-estimated first quarter earnings. Salem Steel plant to produce stainless steel slabs. Parabolic Drugs gets European Union certification for three of its molecules.

Nikkei Drops; Consumer Confidence Rises in June

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Japan stocks fell after China said it will moderate steel production. Consumer confidence climbs in June. Public pension fund of Japan sold more government bond than it bought last year. Nissan will halt production in Japan for three days in July. Sumitomo to increase zinc output in Bolivia by 4%.

China Property Curbs to Stay; Stocks Decline

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Stocks in China region fell after the government confirmed it will maintain property curbs besides moderating steel production in the country. Alcoa expects China to be the biggest consumer of its aluminum in the year. Zijin closes down its copper smelter after its waste water polluted Ting River.

Business Confidence Drops Marginally in June

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
13 Jul, 2010
New York City

Stocks in Australia traded lower marginally. Business confidence fell at a slower rate in June after retail and wholesale companies reported improving sentiments. Heavy rainfall brings down output of uranium oxide for Energy Resources.Clinuvel says its drug for EPP had a successful clinical trial.

Tax Collection, Production Rises in India

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
12 Jul, 2010
New York City

Stocks in Mumbai traded higher for the third day on earnings growth. Industrial production growth expands at a slower pace in May. Indirect tax collections increase 43% in the first quarter. Adani Group is selected for developing export facility in Queensland.

UK Indexes Slump; Jobless Claims Fall

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jul, 2010
New York City

The UK indexes fall after a decline in commodities stocks. The BoE policy maker Andrew Sentance urges hike in interest rate and Haldane notes financial services productivity gains may be a mirage. The UK jobless claims fall and consumer confidence dips in June. BP postpones well integrity test.

Trade Surplus in China Widens, Stocks Rise

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
12 Jul, 2010
New York City

Stocks in China region rallied after trade surplus widened in June. Net crude oil imports increased in May. Google

Nikkei Drops; Political Turmoil in Japan

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
12 Jul, 2010
New York City

The ruling party in Japan loses hold in upper house elections. Producer prices rise for the second month in June. Nissan Motor is evaluating China

Australia Mortgage Approvals Rise

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
12 Jul, 2010
New York City

Stocks in Australia traded higher on rising home-loan approvals. BHP

Weekly Gains in HK, Shanghai

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jul, 2010
New York City

Stocks in China rally to post big weekly gains. China business climate in the second quarter improves. CITIC Securities climbs after release of June net income. Cosco Shipping predicts net profit to rise 54.4% in first-half.

Weekly Gain of 4% in Nikkei

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jul, 2010
New York City

Stocks in Japan gained on improving business climate in China and reduction in jobless claims in the U.S. Sumitomo plans to buy bank assets in the U.S. Inpex is planning a stock offering to finance its gas project in Australia. Fast Retailing reduces guidance.

Benihana Rises; Gentiva, RadioShack Drop

Mayank Mehta
14 Jul, 2010
New York City

Align Technology, Inc. led gainers in the S&P 500 index with a rise of 8.3%. Yum Brands profit slips but sales and margins grow. California Pizza shares up 5% on hiked forecast. CommVault shares lose 21% on weak earnings. Del Monte trims sales view on promotion spending.

Sydney Gains 1%; Revised IMF Outlook

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
09 Jul, 2010
New York City

Australian stocks traded higher after the IMF lifted its global economic outlook. Toll Holdings agreed to buy two freight forwarding companies in U.K. Itochu, a Japanese trading house agrees to acquire a stake in Extract Resources. BHP may buy assets in Gulf.

European Markets Fall after 6-Day Rally

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jul, 2010
New York City

The European markets pared six sessions of gains after financial stocks declined. German Chancellor Angela Merkel says credible fiscal consolidation vital for self-sustaining growth. Euro-zone inflation eases to 1.4% and industrial output rises 0.9% in May.

U.S. Retail Sales; Import Prices Fall

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jul, 2010
New York City

U.S. stocks gain after Intel reported encouraging quarterly sales. U.S. retail sales fell 0.5% and import prices dropped 1.3% in June. BP stalls well integrity test after U.S. presses for additional analysis. U.S.-based Zumiez discontinues talks to acquire Canadian-based West 49.

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