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India to Lift Interest Rates; Reliance, ICICI Net Surge

Chandrasekhar Atreya
24 Jan, 2011
New York City

Stocks in Mumbai traded higher. ICICI Bank third quarter profit rose 30.5%. Insurance industry regulator confirmed that public offering guideline for life insurance companies will be ready in this fiscal year. New power plant addition target may be revised lower.

China Region Stocks Drop; China Property Curbs Expanded

Chandrasekhar Atreya
24 Jan, 2011
New York City

Shanghai and Hong Kong indexes lose on liquidity concerns ahead of Lunar New Year day. China

Nikkei Rises 0.7%; Japan Debt Estimated at 1,000 Trillion Yen by 2015

Chandrasekhar Atreya
24 Jan, 2011
New York City

Japanese stocks gain for the first time in three days led by automakers. The Japanese Diet starts its 177th session today. Cabinet Office predicts the government debt is likely to touch 1,000 trillion yen by 2015. Toyota Motor sold 7.53 million vehicles in 2010.

Australian Flood Claims Surge to $1.2 Billion; Woolworths Cuts Outlook

Chandrasekhar Atreya
24 Jan, 2011
New York City

Stocks in Sydney gain led by banks. Retailers closed lower. The PPI growth in December quarter was weaker-than-expected at 0.1%. Insurance claims from Queensland flood touch $1.2 billion. Rio Tinto expressed optimism for its $3.9 billion offer for Riversdale Mining.

World Markets Trade Higher on GE, Google Earnings and German Confidence

Bikram Pandey
21 Jan, 2011
New York City

U.S. stocks rallied in the early trade but struggled in the afternoon. Better than expected earnings from GE and Google lifted indexes and improved confidence in Germany also contributed to positive sentiment in Europe. Copper, coffee and cotton gained in commodities trading. Euro gained 0.8%.

U.S. Movers: AMD, Google, GE, Bank of America, Polycom

Mukesh Buch
21 Jan, 2011
New York City

Air Products and Chemicals first quarter revenues were increased 10% to $2.39 billion. Bank of America net of interest expense fell 11% to $22.6 billion. Google Inc. fourth quarter revenues increased 26% to $8.44 billion. General Electric fourth quarter revenues increased 1% to $41.38 billion.

UK Retail Sales Drop; Mortgage Lending Falls 6%

Arthi Gupta
21 Jan, 2011
New York City

The UK indexes edged higher tracking the gains in U.S. and Asia. UK retail sales fell more-than-estimated impacted by heavy snowfall and higher prices. Ireland planned to levy tax on bankers'' bonuses. Mouchel rejected Costain''s revised offer and said significantly undervalues the business.

European Indexes Higher; French Manufacturing Confidence Surges

Arthi Gupta
21 Jan, 2011
New York City

The European indexes gained after German business confidence improved in January. Euro-zone consumer sentiment declined in January and current account deficit narrowed in the third quarter. French manufacturing confidence soared and Portugal PPI rose in December.

GE Net Rebounds, BofA Loss Widens; Google Appoints Co-founder as CEO

Arthi Gupta
21 Jan, 2011
New York City

U.S. indexes rose after General Electric reported better-than-estimated earnings but Bank of America loss widened. St. Jude Medical reached a settlement with U.S. regulators. Google Inc quarterly revenues rose 26% and net soared 29% and also appointed co-founder as its chief executive.

Sensex, Rupee in India Decline; BHEL Net Surges 31%

Chandrasekhar Atreya
21 Jan, 2011
New York City

Stocks in Mumbai moved in a narrow range to close lower for the day and gained 0.8% in the week. Jindal Steel & Power plans to export a million tons of iron ore concentrate from its Bolivian mine. BHEL net surges 31% in the third quarter.

Shanghai Indexes Gain; China

Chandrasekhar Atreya
21 Jan, 2011
New York City

Shanghai Indexes gain for the day but dropped more than 2.7% in the week. China

Tokyo Indexes Drop More Than 1.5%; Toshiba Wins U.S Metro Railcar Order

Chandrasekhar Atreya
21 Jan, 2011
New York City

Resource linked stocks in Tokyo led the indexes lower 1.5% today and 2.4% for the week. Transport Ministry plans to allot more slots to Chinese airlines at western Japan airports. Toshiba wins a 30 billion yen order to supply railcar parts to Washington D.C and Chicago metro.

Australia Stocks Fall 1%; Woodside Petroleum Revenue Up 20%

Chandrasekhar Atreya
21 Jan, 2011
New York City

Stocks in Sydney dropped 1% in the week dragged down by weak resource stocks. Shipments at Hay Point terminal drop 22% in December and QR National trims its profit target for the year by 21%. Woodside Petroleum revenues rise 20% on record production at its North West Shelf LNG project.

World Stocks, Commodities Decline on China Growth Worries

Bikram Pandey
20 Jan, 2011
New York City

U.S. indexes fell on China worries and tech stocks led the market decline after cloud computing related companies fell. China

U.S. Movers: eBay, F5 Networks, Seagate, Union Pacific, UnitedHealth

Mukesh Buch
20 Jan, 2011
New York City

eBay fourth quarter net revenue increased 5% to $2.5 billion. Johnson Controls first quarter net sales climbed 13% to $9.5 billion. Morgan Stanley fourth quarter net earnings surged 60% to $600 million. UnitedHealth fourth quarter total revenues grew 10.3% to $24.03 billion.

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