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Stocks in Australia Fall Ahead of Election

Chandrasekhar Atreya
20 Aug, 2010
New York City

Stocks in Australia declined more than 1% on the election jitters. National polls are suggesting a virtual tie for tomorrow

European Indexes Decline for Second Day

Arthi Gupta
20 Aug, 2010
New York City

The European indexes declined more than 1% for the second day in a row as the U.S. struggles with jobs market recovery and Europe faces slower economic rebound. The EU Commission noted Greece met the conditions for second loan installment of

Stocks in Japan Erase 2-Day Gains

Chandrasekhar Atreya
20 Aug, 2010
New York City

The benchmark index in Japan erased two days of gains after the yen resurged on the rise in weekly jobless claims. Panasonic shifts some more manufacturing to China to boost output. Crude steel output increases 20%, ninth straight monthly increase in July.

U.S. Stocks Lower; Agrium to Buy AWB

Arthi Gupta
20 Aug, 2010
New York City

The U.S. stocks traded lower and markets in Asia closed sharply down. Agrium agreed to acquire AWB Ltd for $1.1 billion. McDonald''s offered yuan denominated bonds in Hong Kong. Colfax agreed to buy Baric Group. Nokia agreed to acquire privately held Motally.

China Current Account Surplus Declined 8%

123jump.com Staff
20 Aug, 2010
New York City

Stocks in China region dropped after Shanghai city inflation increased to 3.9% and China

Soros Buys Stake in BSE; Sensex Declines

Chandrasekhar Atreya
20 Aug, 2010
New York City

Stocks in Mumbai traded lower but ended little changed. Billionaire investor George Soros controlled fund acquired 4% stake in the BSE from the Dubai sovereign fund. Cabinet approves nuclear liability bill that may haunt India as it limits the nuclear accident liability.

Nasdaq, S&P 500 Down 1.7%; Jobless Claims Rise

123jump.com Staff
19 Aug, 2010
New York City

U.S. indexes dropped more than 1.5% and the widespread sell off in tech and small cap stocks was sparked by a rise in weekly jobless claims. Indexes in Europe dropped nearly 2% and Brazil lost more than 1.2%. Crude oil edged lower.

UK Retail Sales Rise; Essar Energy Net Drops

Arthi Gupta
19 Aug, 2010
New York City

The UK indexes gained after retail sales rose in July. The UK M4 money supply increased, public sector net borrowing fell, and auto production dipped in July. The BoE noted mortgage lending still subdued. Hammerson agreed to sell 51% interest in O''Parinor to Korea-based National Pension Service.

Intel Drops; Dollar Tree, PetSmart Rise

Bikram Pandey
19 Aug, 2010
New York City

U.S. stocks fell and the Dow and S&P 500 index fell more than 1% after jobless claims rose. Intel declined more than 3% after it agreed to acquire McAfee for $7.7 billion. Dollar Tree, Inc increased 4% after quarterly net surged 37%. PetSmart, Inc surged 10% on better than expected earnings.

German GDP Estimate Raised, Stocks Up

Arthi Gupta
19 Aug, 2010
New York City

The European indexes gained after Bundesbank raised its outlook for German GDP expansion to 3% from 1.9% in 2010. German PPI rose in July and Swiss trade surplus increased in the month. Greek industrial turnover growth slackened but new orders rose in June.

Jobless Claims Rise; Intel to Buy McAfee

Arthi Gupta
19 Aug, 2010
New York City

U.S. stocks fell after weekly jobless claims rose 12,000 to 500,000. GM filed for IPO. Intel agreed to acquire McAfee for $7.68 billion. MasterCard agreed to buy DataCash for $520 million. Las Vegas Sands agreed to pay $1 billion in debt.

Sensex in India at 30-month High; Avantha IPO

Chandrasekhar Atreya
19 Aug, 2010
New York City

The Sensex index in Mumbai traded at a 30-month high. SEBI requires higher derivatives disclosures for mutual funds and limits the exposure to the fund asset size. Essar Group finalizes capital plan for 9,500 mw power projects. Avantha Power plans an IPO in October.

China Stocks 3-month High; CSD Orders 14 Ships

Chandrasekhar Atreya
19 Aug, 2010
New York City

Stocks in China rallied to a three month high led by resource companies. Revenues and profits of state-owned enterprises soar in the first seven months of the year. China allows yaun-ringgit trading as it broadens the yuan presence in Asia.

Nikkei Rises 2% in 2-Day Rally; Mazda Recall

Chandrasekhar Atreya
19 Aug, 2010
New York City

Stocks in Japan surge 1.3% and gain in a tow-day to 2% after dropping to the lows last seen in November. The benchmark index is still hovering near the two-decade low. Mazda plans to recall more than half a million cars to fix power steering flaws.

Sydney Stocks Cautious on BHP Hostile Offer

123jump.com Staff
19 Aug, 2010
New York City

Stocks in Australia closed nearly flat after rallying initially on upbeat earnings but worried that BHP may overpay for Potash Corp. Weekly earnings of full-time employees rises by at least 5% in the quarter ended May. BHP makes $39 billion hostile offer for Potash Corp.

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