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Portugal Bonds Sale Meet Expectations; U.S. Import Prices Rise

Arthi Gupta
12 Jan, 2011
New York City

U.S. indexes edged higher after import and export prices rose and Portugal completed debt sale at a yield lower than expected. Cliffs Natural agreed to acquire Consolidated Thompson for C$4.9 billion. AIG sold stake in Nan Shan for $2.16 billion to Ruen Chen.

Sensex in India Rebounds 1.7%; Gujarat Summit Draws Investors

Chandrasekhar Atreya
12 Jan, 2011
New York City

Stocks in Mumbai rebound 1.7% after six days of decline led by realty and banking sectors. Fifth investment summit in Gujarat draws usual platitudes and project announcements of multi-billion dollars. Bharti Airtel and State Bank of India set us a venture to facilitate mobile phones based banking.

China Stocks Rally on Aviation Industry and Home Builders Earnings

Chandrasekhar Atreya
12 Jan, 2011
New York City

Shanghai stock indexes rally 0.5% led by developers and banks. Civil aviation industry reports a 37% profit increase in 2010. Consumer confidence in the fourth quarter dipped to a year

Yen Weakens; Current Account Surplus Drops 16%

Chandrasekhar Atreya
12 Jan, 2011
New York City

The Nikkei index inched higher to reach its eight-month peak and the euro gained against the yen. Japan

Brisbane Prepares for Peak Floods, Caltex Shuts Refinery

Chandrasekhar Atreya
12 Jan, 2011
New York City

Stocks in Sydney traded in a narrow range to close marginally higher. Third largest Australian city Brisbane comes to a halt as flood waters are expected to swell. Caltex closes its refinery in Brisbane. November home loan approvals reach the highest in 2010.

Alcoa Earnings, Sears Outlook Lift Wall Street; Greece, Italy Raise

Bikram Pandey
11 Jan, 2011
New York City

U.S. stocks edged higher after Alcoa, Sears and Lennar meet or exceed investors

U.S. Movers: AMD, Apollo Group, Lennar, Talbots and Supervalu

Mukesh Buch
11 Jan, 2011
New York City

Alcoa fourth quarter sales increased 4% to $5.65 billion. Apollo Group first quarter net revenue increased 5.4% to $1.33 billion. Lennar Corp fourth quarter total revenues declined 6% to $860.12 million. Supervalu third quarter total net revenue fell to $8.7 billion. AMD chief resigned unexpectedly.

UK Indexes Higher; Marks & Spencer Falls 2.4%

Arthi Gupta
11 Jan, 2011
New York City

The UK indexes edged higher after retail sales fell in December and tracking market gains in Europe. Japan and China expressed their willingness to participate in a euro-bond offering that will support Portugal and Ireland. Hamworthy secured Brazilian contract for

European Markets Rise on Japan, Portugal Comments; Greek CPI Soars

Arthi Gupta
11 Jan, 2011
New York City

The European indexes rose after Japan pledged buying euro-zone bonds. Portugal said it does not need bailout as the nation prepares to raise 1.25 billion euros tomorrow. French business sentiment improved in December. Greek CPI inflation soared in December.

U.S. Indexes Gain; Alcoa Net Surges 2-Year High

Arthi Gupta
11 Jan, 2011
New York City

U.S. indexes gained after Alcoa swung to profit for the last quarter and the year. Intel agreed to pay Nvidia licensing fees of $1.5 billion. Simon Property gave up takeover bid for UK based CSC. BMO Financial Group agreed to buy Hong Kong-based Lloyd George Management.

Sensex in India in 6-day Drop; Gujarat Talks of $20 Billion Port Deals

Chandrasekhar Atreya
11 Jan, 2011
New York City

Mumbai stocks declined on the sixth day, the longest streak in more than a year as investors worry the government may not be able to arrest inflation as Prime Minister Singh conveys a cabinet meeting. Gujarat in a two-day summit is expected to announce $20 billion of port developments projects.

China Region Stocks Rally; China Reserves at Record $2.84 Trillion

Chandrasekhar Atreya
11 Jan, 2011
New York City

Stock indexes in Shanghai rally 0.5% and in Hong Kong surge 1%. China

Japan Plans to Buy Euro-zone Bonds; Nikkei Slipped

Chandrasekhar Atreya
11 Jan, 2011
New York City

Stocks in Tokyo trading declined after reaching eight-month high last week. Japan plans to but euro-zone debt as the European Union prepared to float bonds to pump capital in the struggling economies. The latest survey shows a decline in adult population reaching the age of 20 years.

Brisbane Faces Evacuation, Flood Damages Mount in Australia

Chandrasekhar Atreya
11 Jan, 2011
New York City

Australian coal trade is severely disrupted and fears are rising that the damage to the economy may be larger than anticipated. Rising flood waters enter the city of Brisbane, the third largest city in Australia. Trade surplus in November narrowed to $1.925 billion.

World Markets Slide; $22 Billion of Mergers, Euro Contagion Worries

Bikram Pandey
10 Jan, 2011
New York City

Deals of $22 billion failed to lift world market indexes. Investors were cautious in Europe ahead of bond sale from Spain, Portugal and Italy. For-profit education providers fell sharply after Strayer indicated weaker than expected new registrations. Fiat increased its stake in Chrysler to 25%.

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