ticker

Sanofi-Aventis Rebuffed; UK Home Prices Fall

Arthi Gupta
30 Aug, 2010
New York City

The European indexes gained after euro-zone confidence rose in August. UK home prices fell at the fastest pace in sixteen months in August. Inflation index in Spain rose 1.8% in August. Genzyme rebuffed Sanofi-Aventis

India Looks to Triple Port Capacity

Chandrasekhar Atreya
30 Aug, 2010
New York City

Stocks in Mumbai rallied on the gains in Asian and international markets. India plans to triple port capacity in a decade. Apparel exports falls in July for the third month in a row. India was the biggest loan recipient from World Bank in the last fiscal year.

Intel, Infineon; 3M, Cogent Deals

Arthi Gupta
30 Aug, 2010
New York City

U.S. stocks fell after personal spending rose 0.4% in July. Intel agreed to acquire Infineon''s Wireless Solutions Business for $1.4 billion. Genzyme rejected Sanofi-Aventis'' $69 a share offer. 3M agreed to buy Cogent for $943 million. HP raised 3PAR bid to $30 per share.

Baoshan Iron Net Zooms; China Stocks Rally

Chandrasekhar Atreya
30 Aug, 2010
New York City

Stocks in China gained after the U.S. Federal Reserve Chairman made positive comments and showed willingness to expand balance sheet to purchase more Treasury bonds or housing loans. Profits at industrial companies in China soar in the first seven months. Baoshan Iron & Steel net surges 11-fold.

Emergency Meeting at BoJ; Nikkei Surges

Chandrasekhar Atreya
30 Aug, 2010
New York City

Stocks in Japan rallied after Bank of Japan in an emergency meeting decided to expand its funding and offer 10 trillion yen in short term loans. The move came under pressure from the government to stem the recent gains in the yen. Domestic passenger car output in July gained 15%.

Index in Australia Soars 1.9%, Confidence Up

Chandrasekhar Atreya
30 Aug, 2010
New York City

Stocks in Australia gained after the U.S. stocks rose on positive comments from the Fed Chairman. Sales of new homes fell in July for the third month in a row. Farmers reported in a survey that business confidence is on the rise in August. Business profit surges in the quarter to June.

Bernanke Comments Drive U.S. Indexes Higher

Bikram Pandey
27 Aug, 2010
New York City

U.S. stocks picked up momentum after Fed Chairman indicated economic recovery is likely to pick up as conditions improve. U.S. revised second quarter GDP estimate downward to 1.6% from advance estimate of 2.4%. Oil, copper, lead and zinc gained more than 2%, tracking stocks.

UK GDP Revised Higher; Ireland Surplus Falls

Arthi Gupta
27 Aug, 2010
New York City

The UK indexes rose after an upwardly revised GDP growth of 1.2% in the second quarter and service sector index rose 1.4%. Irish trade surplus narrowed in June. Exports increased 1% on an annual basis to

3PAR Surges; J Crew, Tiffany Fall

Bikram Pandey
27 Aug, 2010
New York City

3PAR surged more than 30% after Hewlett Packard lifted its bid to $30 a share. J Crew Group Inc declined after it lowered its annual earnings outlook. Tiffany & Company declined after it reported sales that missed analysts expectations.

European Indexes Gain; ING Rises

Arthi Gupta
27 Aug, 2010
New York City

The European indexes gained and German import price inflation rose in July. Spanish retail sales fell in the month after VAT increase. Greek PPI slackened in July. ING Groep agreed to sell 50% stake of ING Summit to Canadian JV.

U.S. Stocks Up; GDP Revised Lower

Arthi Gupta
27 Aug, 2010
New York City

U.S. stocks advance after GDP expanded a downwardly revised 1.6% in the second quarter. 3PAR accepted Dell

Sensex Drops 1.3%; Spice, Iron Ore Exports Up

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Mumbai dropped 1.3% in a volatile trading with the index declining 2.2% in the week, largest weekly drop this quarter. Coal India begins search for anchor investors. Ranbaxy settles patent issue with Roche Eximbank sanctions loan to Reliance Power for Sasan plant.

Canada Pension to Buy Australia based Intoll

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in Australia rallied to gain modestly. Availability of residential rental property rises in Sydney to a 12-month high. Canadian Pension Board agrees to buy Intoll for A$ 3.44 billion. Newcrest Mining gets closer to acquiring Lihir Gold.

Nikkei Rebounds 1% as CPI Falls 1.1%

Chandrasekhar Atreya
27 Aug, 2010
New York City

The benchmark index in Japan dropped to a new intra-day low but managed to gain nearly 1% by close. For the week the index declined 2.1%. Core consumer price index fell for the seventeenth month in a row. Unemployment rate dropped in July. Toyota recalls extends to Corollas.

China Govt Revenues Up 26%; PetroChina Falls

Chandrasekhar Atreya
27 Aug, 2010
New York City

Stocks in China moved sideways to close marginally higher. China

Market Update