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Nikkei Down on Tepco Delisting Worries; Radiation Fears at Fukushima

Nigel Thomas
29 Mar, 2011
New York City

Stocks in Tokyo opened sharply lower on lingering radiation leak worries. Tepco said higher level of toxic plutonium was found at the troubled nuclear power plant. Government denied the speculation that Tepco is likely to be nationalized but the stock of the utility dropped 18% to record low.

Rio Tinto Extends Riversdale Offer; JB Hi-Fi to Buy Back 10% Stock

Marcus Jacob
29 Mar, 2011
New York City

Fractional gains in commodities prices lifted Australian index. Rio Tinto extended its Riversdale Mining offer for the fourth time and said it acquired consent of 41.04%. The extended offer also increased the offer price to A$16.50 a share.

U.S. Movers: Cal-Maine, Eastman Kodak, GSI Commerce, Wabtec

Mukesh Buch
28 Mar, 2011
New York City

American Express released its online payment gateway. eBay agreed to acquire GSI Commerce for $2.4 billion. Rural-Metro agreed to take company private for $438 million. Wabtec Corporation soared as much as 10% after it forecast higher first quarter earnings per share.

U.S. Stocks Gain; Eastman Kodak, Rural-Metro Soar

Bikram Pandey
28 Mar, 2011
New York City

U.S. stocks traded higher after personal income increased 0.3% and disposable personal income increased 0.3% in February. Markets in Europe traded lackluster and German ruling coalition lost two regional elections. Eastman Kodak soared on a patent ruling case.

World Markets Search Direction, Modest Gains in U.S. Indexes

Bikram Pandey
28 Mar, 2011
New York City

U.S. stocks edged up after commodities fell and markets in Europe closed mixed. Asian markets traded higher on positive economic momentum and earnings expectations. eBay agreed to acquire e-commerce services provider GSI Commerce and Rural Metro agreed to go private in a leveraged buyout.

European Indexes Sideways; AXA Up, Porsche, Continental Down

Marcus Jacob
28 Mar, 2011
New York City

European indexes traded sideways after German ruling coalition lost in two key regional elections. Crude oil declined after Libyan rebels advanced with the help of military support from U.S. and European nations. Porsche declined after it plans to sell shares.

Sensex in India Advanced 0.7%; Oil Blocks Auctions Attract 74 Bids

Devan Biswas
28 Mar, 2011
New York City

Stocks in Mumbai traded higher after the crude oil eased and investors focused on earnings season. Reliance Industries announced a joint venture with U.S. based D.E. Shaw Group to expand in financial services. India attracted 74 bids for 33 oil blocks in its nine round of auction.

Nikkei Gyrates; Tepco Drops 18%, Tokyo Gas Rises 4%

Nigel Thomas
28 Mar, 2011
New York City

Stocks in Tokyo resumed their slide for the third week in a row as Tokyo Electric Power struggled to contain radiation leak. Tokyo Gas soared 4% after it lifted earnings estimate for the current year. Automakers and D-RAM makers were in focus on the supply chain worries.

Record in Australian Dollar; Sigma Narrows Loss

Marcus Jacob
28 Mar, 2011
New York City

Australian dollar gained to a new post-float high as foreign investment pours in. The Australian dollar traded as high as $1.03 before settling at $1.029. Sigma Pharmaceuticals said its full-year net loss halved.

U.S. Stocks Look Beyond Global Worries

Bikram Pandey
25 Mar, 2011
New York City

U.S. stocks extended gains for the sixth day on earnings optimism and improving economic outlook. The fourth quarter GDP was revised to 3.1% but consumer sentiment worsened on the rising energy prices. Unemployment in 27 states fell in February and California led the nation in employment increase.

UK Stocks Higher; BP Drops, African Barrick Gold Up 2%

Marcus Jacob
25 Mar, 2011
New York City

UK stocks edged higher and closed up 3.2% in the week. BP plc lost an arbitration ruling against its Russian partner in a venture TNK-BP. African Barrick Gold soared 2% after it discover more gold in Tanzania.

U.S. GDP Revised to 3.1%; Oracle, Accenture Shine

Bikram Pandey
25 Mar, 2011
New York City

U.S. stocks showed modest gains after fourth quarter GDP was revised to 3.1% and consumer sentiment index was lower than expected. Oracle reported sharply higher earnings and Wynn Resorts strikes a deal with online poker site. Accenture reported better than expected outlook.

European Markets Sideways, Russia Rates on Hold; SAP Up, TF1 Down

Bikram Pandey
25 Mar, 2011
New York City

European markets traded mixed as the EU leaders cut the startup capital for aid fund but set higher target for capital to 600 billion by June. Portugal political and economic crisis deepens and the nation faces a snap election as early as June. Russia holds key rate. SAP AG and L

German Demand Cuts EU Aid Fund, Portugal Crisis Advances

Arjun Dave
25 Mar, 2011
New York City

European leaders haggle to increase the bailout out fund size and Germany asked to limit contribution as the nation faces a regional election. Portugal slips into a deeper crisis as snap election looms as early as June.

Sensex Soars 2.3%; Infosys, TCS, Financial Tech Lead Gainers

Devan Biswas
25 Mar, 2011
New York City

The Sensex index in Mumbai trading soared 2.3% and for the week added 5.2%. The positive earnings outlook and improving sentiment in world markets emboldened investors. Software exporters led gainers after the industry sought tax relief. Financial Technologies plans to list its commodities exchange.

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