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Alcoa Lifts U.S. Stocks; Trade Deficit Widens

Arthi Gupta, Mayank Mehta and Sanjay Barot
13 Jul, 2010
New York City

U.S. stocks trade higher on better-than-estimated earnings from Alcoa. U.S. trade deficit widens to $42.3 billion in May. Federal Reserve Chairman Ben Bernanke noted in a speech that bank lending to small businesses declined. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook.

UK GDP Expands 0.3%

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 Jul, 2010
New York City

The UK indexes gained after GDP expanded and BP reported positive developments. The UK Q1 GDP expanded at 0.3% and borrowing increased in May. BP is negotiating sale of assets and clean-up costs rises to $3.5 billion. Standard Chartered agrees to buy Singapore-based commercial financing unit of GE.

Australia, Miners Agree on Revised Taxes

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
02 Jul, 2010
New York City

Resource stocks rallied after Australia and miners agree to revised lowered additional taxes for top 320 companies. Rio Tinto, BHP Billiton and Fortescue Metals make strong gains. Xstrata resumed work on its Queensland copper mine project.

Nikkei Rallies 2.7%; Komatsu Gains

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jul, 2010
New York City

Stocks in Japan gained on Intel

Sydney Rallies 1.9%; Consumer Confidence Rises

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jul, 2010
New York City

Stocks in Australia traded higher on rising consumer confidence and the economic update by the government. Australia delays approval for Santos project by three months. Coal shipments reach record levels in June from Hay Point port.

European Markets Climb on BP Hopes

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 Jul, 2010
New York City

The European markets soar amidst hopes that BP Plc is making significant progress to contain the oil spill. Fitch affirms Denmark IDRs at ''AAA'' and stable outlook. Greek import prices growth slow in May. Portugal CPI edges higher in June.

Hewitt, BP Gain; Aon, Suntech Drop

Mayank Mehta
12 Jul, 2010
New York City

Hewitt Associates, Inc. led gainers in the S&P 500 index with a rise of 32.9%. Alliance Data stock worth less than $30. Paychex CEO resigns to pursue other interests. The Shaw Group net income rises sharply.

U.S. Stocks Slide; BP Containment Costs Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
12 Jul, 2010
New York City

U.S. stocks fall ahead of the earnings season. Hewitt Associates to merge with Aon Corp. MRC Technology enters into an exclusive license agreement with Genentech. BP Plc oil spill containment costs rise to $3.5 billion.

Vallar, Sembcorp Offerings Lift UK Sentiment

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jul, 2010
New York City

The UK indexes climb on better-than-expected U.S. jobless claims. UK wholesale inflation increased 5.1% in June and trade deficit widened in May. U.S. government urges BP Plc for oil spill containment plans. Sembcorp completed tender offer for Cascal shares. Vallar raised $1.07 billion in offering.

Three-Day Rally in European Markets

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jul, 2010
New York City

The European markets extend gains on positive U.S. economic data. The ECB President Trichet approves bank stress tests. The OECD composite leading index rises in May. French industrial production rebounds in May. German CPI inflation confirmed at 0.9% in June.

ACE, Google Gain; Best Buy Declines

Mayank Mehta
09 Jul, 2010
New York City

Discovery Communications Inc. led the decliners in the S&P 500 index with a loss of 9.4%. Big 5 Sporting Goods cuts view and shares fall 8%.

U.S. Stocks Struggle; Google License Renewed

Arthi Gupta, Mayank Mehta and Sanjay Barot
09 Jul, 2010
New York City

U.S. stocks trade sideways on speculation of the earnings season next week. The IMF highlighted U.S. economic recovery is well established. The federal appeals court rejected government bid to reinstate drilling ban. Air Products raised Airgas offer to $63.50 a share. China renews license of Google.

UK Leaves Rates Unchanged

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

The IMF lifts global growth outlook for 2010 to 4.6%. The Bank of England retains key interest rate of 0.5% and

European Markets Surge on IMF Outlook

Arthi Gupta, Mayank Mehta and Sanjay Barot
08 Jul, 2010
New York City

The European markets extend gains after the International Monetary Fund lifts global growth forecast for 2010. The European Central Bank and Bank of England keep interest rates flat at 1% and 0.5% respectively. French business sentiment declines in June. German industrial production surges in May.

Apple, TJX Gain; H&R Block Falls

Mayank Mehta
08 Jul, 2010
New York City

H&R Block, Inc. led the decliners in the S&P 500 index. Limited Brands June same-store sales rise 6%. Apple Inc. opens launches retail chain in Shanghai. Sun Bancorp announces $100 million equity investment. Retailer TJX ups forecast as June same-store sales rise.

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