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China Estimates FDI to Increase 11% to $100 Billion

Chandrasekhar Atreya
23 Dec, 2010
New York City

Shanghai stocks dropped for a second day on year end liquidity worries. China agrees to buy Portuguese bonds in 2011. CNPC confirms the second phase of Kazakh-China gas pipeline construction. Foreign direct investment in China is expected to reach $100 billion this year.

Australian Dollar Above Parity; Riversdale Approve Merger

Chandrasekhar Atreya
23 Dec, 2010
New York City

Stocks in Australia closed higher as resource stocks led the gainers. Copper closed at a record high and crude oil reached a two-year peak. Australian dollar closed traded above parity reflecting a growing sentiment for high commodities prices in 2011.

Rise and Rise of U.S. Stocks; Record in Copper, Oil at 2-year High

Bikram Pandey
22 Dec, 2010
New York City

U.S. indexes closed at a 2-year high as regional banks and resource stocks led the gainers. Crude oil topped $90 a barrel and copper closed to a record high and soared 28% in the year as a single trader holds 90% of stockpile. Walgreen rises and Nike falls.

UK GDP Growth Lowered; Current Account Deficit Widens

Arthi Gupta
22 Dec, 2010
New York City

The UK indexes gained and third quarter GDP growth was lowered and current account deficit widened. The Bank of England policy makers were split at the last meeting. Irish trade surplus widened in October.

U.S. Movers: Carnival, Red Hat, Walgreen, Nike

Mukesh Buch
22 Dec, 2010
New York City

Carnival fourth quarter revenues rose 7% to $3.50 billion. Humana completed acquisition of Concentra Inc. in $790 million. Nike, second quarter revenue increased 10% to $4.84 billion. Red Hat, third quarter total revenue increased 21%. Walgreen first quarter net sales increased 6% to $17.34 billion.

Greek Parliament to Approve Austerity Measures; German Import Prices Rise

Arthi Gupta
22 Dec, 2010
New York City

The European indexes traded mixed after Greece received downgrade warning as lawmakers haggle to approve austerity measures. German import prices climbed in November and Italian retail sales rose in October. Denmark economy expanded in the third quarter. The Czech central bank held interest rates.

Fitch Lifts India Growth Estimate to 8.7%; Coal Mines Stakes in Africa

Chandrasekhar Atreya
22 Dec, 2010
New York City

Mumbai stocks dropped in choppy trade. Gartner latest report noted that India continues to be the favorite destination for outsourcing. World Bank awards India a loan of $1.5 billion for development of rural roads and infrastructure.

India Movers: Abbott India, Amar Remedies and Patel Engineering

Mukesh Buch
22 Dec, 2010
New York City

Abbott India fourth quarter net profit rose 7.9%. Mafatlal Industries reported a net loss in second quarter. NHPC agreed to set up 2,100 megawatt of hydro-electricity. State Bank of India plans to acquire second bank in Indonesia.

Japan Exports Rise 9.1%; Bank of Japan Purchases 250 Trillion Yen Bonds

Chandrasekhar Atreya
22 Dec, 2010
New York City

Tokyo stocks edged lower after hitting a fresh 7-month high intra day as investors booked profits for the weekend. Bank of Japan confirmed 25 trillion yen bonds and assets purchase. Exports surge 9% in November.

Australian Regulator Sues Three Banks; Lynas in a Rare Earth Malawi Deal

Chandrasekhar Atreya
22 Dec, 2010
New York City

Australian indexes edged up and BHP Billiton led gainers. Australia

2-Year Rally in U.S. Indexes Cross Pre-Lehman Crisis High

Bikram Pandey
21 Dec, 2010
New York City

U.S. stocks rallied and crossed the highs last seen two years ago in September 2008. The S&P index has surged 85% since the lows of March 2009. Retailers rose after holiday sales appear to accelerate in the final days ahead of Christmas holiday. Markets in Asia and Europe gained.

U.S. Movers: AOL, Adobe, CarMax, CPI, Darden Restaurants

Mukesh Buch
21 Dec, 2010
New York City

AOL agreed to acquire a personal profile site. Adobe fourth quarter revenue surged 33% to a record $1 billion. Biogen agreed to acquire Neurimmune. ConAgra, second quarter net sales improved 2%. CarMax, third quarter net revenue surged 23% and Jabil Circuit, first quarter net revenue surged 32.3%.

UK Indexes Gain; Government Borrowing At Record Highs

Arthi Gupta
21 Dec, 2010
New York City

The UK index climbed after banking and mining stocks rose. The UK consumer confidence remained static in December but public sector net borrowing rose more than anticipated. BP inked five-year outsourcing services agreement with HP.

European Indexes Gain on China Comments; DSM Acquires Martek Biosciences

Arthi Gupta
21 Dec, 2010
New York City

The European indexes gained after China

U.S. Index Futures Rise; Adobe Swings to Profit

Arthi Gupta
21 Dec, 2010
New York City

The U.S. index futures rose on optimism of economic recovery. Toronto-Dominion inched closer to acquire Chrysler Financial for $6.3 billion. Buckeye agreed to acquire 80% stake in Bahamas Oil for $1.36 billion. Martek agreed for takeover offer by Koninklijke DSM in $1.09 billion deal.

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