123jump.com Staff
20 Apr, 2010
New York City
Reserve Bank of India lifted key rates by 25 basis points, lower than expected. Rupee and stocks closed higher. The RBI estimates inflation to decline to 5.5% by the end of fiscal year from the current rate of 9.9% and estimated fiscal year economic growth rate of 8%. TCS quarterly net soars 50%.
123jump.com Staff
20 Apr, 2010
New York City
Revenues rose 8.3% to $1.3 billion & net income up 8.7% to $349 million or 61 cents a share. During the quarter the margin has fell 100 basis points as per IFRS. The last quarter margin that is the Q3 margin was 31.1%, Q4 is 30.1%. Effective tax rate has come down in Q4 to 21.6% versus 22.6% in Q3.
Mayank Mehta
19 Apr, 2010
New York City
Stocks in Shanghai plunged sharply after China tightened further property lending and restricted access to home lending. Poly Real Estate Group plunged more than 9% and China Vanke declined 8%. Ping An 2009 net profit up more than 8-fold. China Eastern Airlines Corp returned to profit in 2009.
Mayank Mehta
19 Apr, 2010
New York City
Stocks in Tokyo trading fell sharply after banks and financial services declined on the worries that regulators my tighten scrutiny of local banks after the SEC accused Goldman Sachs for mortgage securities fraud. Airlines declined after more Asian carriers canceled flights to Europe.
123jump.com Staff
19 Apr, 2010
New York City
Stocks in Australia tracked world markets losses and closed lower. Citic, China controlled investment agency and one of the largest shareholder in Macarthur Coal supported the deal between the company and Noble Group. World air travel linked to Europe remains disrupted for the fourth day.
123jump.com Staff
19 Apr, 2010
New York City
U.S. stocks traded sideways but closed higher after Citigroup and Daimler AG swung to profit in the latest quarter. Treasuries fell. The SEC officials were split to sue Goldman Sachs. Natural gas futures declined below $4 per mBtu but copper traded near recent highs.
Mayank Mehta
19 Apr, 2010
New York City
UK stocks closed lower after airlines and airport operators and banks led the decliners. Banks declined on the worries that regulators may tighten scrutiny after the U.S. regulator accused Goldman Sachs of mortgage securities fraud.
Mayank Mehta
19 Apr, 2010
New York City
European markets closed lower after transportation stocks and banks led the decliners. Banks fell after the UK and German regulators are seeking more information from Goldman Sachs. Airline industry association raised its estimate of daily loss to $300 million.
123jump.com Staff
19 Apr, 2010
New York City
Citigroup Inc led gainers in the S&P 500 index with a rise of 4.3%. Citigroup Inc quarterly net tops $4 billion. Bank of Hawaii Corp first quarter profit tops street. M&T Bank first quarter profits more than doubles as provisions decline. Eli Lilly and Company quarterly net declined 4.6%.
Mayank Mehta
19 Apr, 2010
New York City
Stocks in Mumbai decline ahead of the interest rate decision tomorrow by the Reserve Bank of India. IndusInd Bank rose after net surged 89%. Shree Digvijay Cement Co. Ltd declined 6% after quarterly net declined 15% and sales dropped 6%.
123jump.com Staff
19 Apr, 2010
New York City
U.S. and world stocks traded lower after the regulators in the UK and Germany and may seek information after the SEC alleged mortgage fraud. Citigroup Inc rose after it swung to net income in the first quarter on lower loan losses. Commodities declined.
123jump.com Staff
19 Apr, 2010
New York City
Revenues fell 22% to $48.5 million and net loss of $22.4 million or $2.11 a share. Gross margin was 23% in the fourth quarter of 2009, compared to 24.6% in fourth quarter of 2008. For the full-year 2009, gross margin increased 5.7 percentage points to 23.9% from 23.2% in 2008.
Mayank Mehta
16 Apr, 2010
New York City
Australian stocks closed lower tracking losses in commodities. Chief executive officer of Sigma Pharmaceuticals Limited resigned and the stock fell 8%. Macarthur Coal Ltd surged 8% on the hopes that Peabody Energy will revised the bid.
123jump.com Staff
16 Apr, 2010
New York City
U.S. stocks turned lower and dragged European and South American markets after the SEC accused Goldman Sachs of fraud and said investors lost $1 billion. Goldman dropped as much 16%. Gold declined sharply. Stocks in the early trading rose after home starts and permits increased in March.
Mayank Mehta
16 Apr, 2010
New York City
Stocks in Japan declined after investors worried additional measures to curb home mortgages in China will curtail exports of machinery. Bond yields on Japan five-year and ten-year bonds fell after the auction of 2.4 trillion yen drew the most interest from investors in five years.
