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Tokyo Trading Volume Drops; Japan to Pump Funds in Tepco

Nigel Thomas
18 Apr, 2011
New York City

Stocks in Tokyo trading declined as investors awaited earnings in the next two weeks. Trading volume dropped to the lowest in the year as G-20 meeting failed to produce concrete actions. Tepco is expected to receive multi-billion dollar infusion to pay for disaster expenses.

German Outlook Positive; Italian Current Account Deficit Widens

Arthi Gupta
18 Apr, 2011
New York City

Greece reiterated that the nation has no plans to restructure its debt. The Bundesbank forecasted positive economic growth in Germany. Finnish producer price inflation soared in March. Italian current account deficit widened to

European Indexes Turn Lower on Greece Worries; Philips Net Declines

Arthi Gupta
18 Apr, 2011
New York City

European indexes slumped on euro-zone sovereign debt concerns. Nestle acquired 60% stake in China-based Yinlu Foods. France Telecom-Orange and Deutsche Telekom agreed to form a venture to cut costs. Synthes confirmed talks with Johnson & Johnson.

Australian Land Sales Plunge; Woolworths Sales Rise 5.1%

Marcus Jacob
18 Apr, 2011
New York City

Stocks in Sydney gained and the meeting of G-20 finance ministers failed to produce any specific steps to lift the global economic growth. Retail price of petrol in Australia jumped to a 30-month high. Woolworths sales increased 5.1%. Residential land transaction dropped to the lowest in a decade.

Trinidad Attracts $70 Million in Energy Exploration Projects

Arjun Dave
16 Apr, 2011
New York City

Trinidad attracts foreign investment of $70 million in energy exploration that is expected to arrest the decline in oil and gas production in the last decade. However, the twin island nation remains dependent on the energy sector for its exports and economic growth.

U.S. Stocks Advance; House Passes $6.2 Trillion Deficit Plan

Bikram Pandey
15 Apr, 2011
New York City

U.S. stocks edged higher after commodities rebounded. The U.S. House passed budget cuts that will reduce $6.2 trillion in budget deficit over ten years but will leave the defense spending and taxes for corporate and rich people untouched.

U.S. Movers: Bank of America, Google, Genuine Parts, Knoll, Schwab, Valmont

Mukesh Buch
15 Apr, 2011
New York City

Bank of America first quarter net income fell to $2 billion. Google first quarter net income rose to $2.30 billion. Genuine Parts quarterly net income rose 26% to $126.5 million. Knoll first quarter net income soared 318.2% to $9.2 million. Charles Schwab quarterly net income surged 84% to $243 mn.

Ireland Ratings Lowered; Ladbrokes Surges 6.6%

Arthi Gupta
15 Apr, 2011
New York City

The UK indexes traded volatile after Ireland''s sovereign ratings were cut by two levels. The Bank of England policymaker Andrew Sentence forecasted inflation may exceed 5%. SSE sold its 100% interest in three UK wind farms for

U.S. Inflation Rises 0.5%, Google Drops, BofA Net Falls 36%

Arthi Gupta
15 Apr, 2011
New York City

U.S. indexes traded sideways after consumer prices rose 0.5% in March and industrial production improved. Graco agreed to acquire finishing unit of Illinois Tool for $650 million. Bank of America net declined 36% on lower provision for credit losses.

European Indexes Trade Sideways; Nestle Sales Decline 9%

Arthi Gupta
15 Apr, 2011
New York City

The European indexes traded mixed after inflation rose more than estimated in March to 2.7%. Greece is likely to announce new austerity measures. Nestle first quarter sales declined 9% impacted by a stronger domestic currency.

Euro Area Inflation at 2.7%; Trade Deficit Narrows

Arthi Gupta
15 Apr, 2011
New York City

Euro area inflation rose to 2.7% in March and trade deficit narrowed to

Sensex in India Drops 1.6%; Infosys Plunges 10% on Weak Guidance

Devan Biswas
15 Apr, 2011
New York City

Stocks in Mumbai trading dropped after Infosys guided lower than expected growth in sales and revenues in the current quarter. The outsourcing company plunged as much as 10%. The latest read on wholesale inflation showed a decline to 11.40%.

China's Economy Expands 9.7%, March Inflation Accelerates to 5.4%

Devan Biswas
15 Apr, 2011
New York City

China reported faster than expected economic expansion in the first quarter and inflation gained in March to 5.4%, a month after Lunar Year holiday. Steelmakers and banks closed higher but Angang Steel plunged 5% after it estimated earnings fall of 95% in the first quarter.

Weekly Decline of 1.8% in Nikkei in Tokyo Trading

Nigel Thomas
15 Apr, 2011
New York City

Stocks in Japan declined on the worries that China may tighten lending conditions and weak U.S. employment data and rising worries of sovereign debt stress in Europe. Minister of economy clarified that the government expects Tepco to pay for the costs related to nuclear power plant.

Australian Stocks Ease on Faster China Expansion, Inflation

Marcus Jacob
15 Apr, 2011
New York City

Australian stocks declined as commodities fell after China reported faster than expected economic expansion in the first quarter. March inflation increased at the fastest pace in nearly three years. Miners and energy stocks declined.

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