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Inflation Worries Halt India Rally; NTPC Net Up 24%

Devan Biswas
06 Apr, 2011
New York City

Trading sentiment in Mumbai turned sour after stocks gained nine of last twelve trading sessions. Inflation worries stoked the speculation of another rate hike on a rate decision meeting on May 3. Talwalkars plans to open 100 health clubs at a cost of $20 million. NTPC fourth quarter net soared 24%.

Tokyo Stocks Weak; Production Losses Worries

Nigel Thomas
06 Apr, 2011
New York City

Stocks in Tokyo declined for the second day this week as investors focused on the mounting production losses. Manufacturers are not able to take advantage of the lower yen. Automakers and trading companies were among the most actively traded stocks.

Resource Sector Drive Australian Gains; Brans N Things Postpones IPO

Marcus Jacob
06 Apr, 2011
New York City

Australian stocks edged higher as resource stocks gained. Xstrata confirmed the thermal coal contract with a Japanese utility at 8% higher price. Bras N Things, the lingerie retailer postponed its public offering. Record price in gold and silver lifted miners of precious metals.

U.S. Stocks Struggle as Government Shutdown Looms, World Markets Diverge

Bikram Pandey
05 Apr, 2011
New York City

U.S. stocks struggle as the U.S. lawmakers and President Obama haggle over 2011 budget cuts as the government shutdown looms. Fed officials appear divided in its latest meeting about the bond purchase program and noted underlying inflation remained subdued.

U.S. Movers: Apple, Expedia, International Speedway, KB Home, Team, Walgreen

Mukesh Buch
05 Apr, 2011
New York City

Diamond Foods agreed to acquire Pringles unit of P&G for $2.35 billion. KB Home first quarter revenues declined 25% and net loss widened to $114.5 million. Texas Instruments agreed to acquire National Semiconductor for $25 a share. Walgreen same store sales rose 3% in March.

UK Stocks Down; Amlin Estimates

Marcus Jacob
05 Apr, 2011
New York City

UK stocks edged lower as investors focused on rising debt stress in Europe. Amlin Plc estimated claims linked to Japan, Australia and New Zealand of

U.S. Markets Slide; Texas Instruments Offers $6.5 Billion for National Semi

Bikram Pandey
05 Apr, 2011
New York City

U.S. stocks edge lower after China hiked bank reserve rate and investors in Europe sold bank stocks. National Semiconductor agreed to be acquired by Texas Instruments for $6.5 billion. Service industry expansion slows in March. Procter & Gamble agreed to sell its Pringles unit for $2.35 billion.

European Banks, Stocks Lower on Portgual Worries

Arjun Dave
05 Apr, 2011
New York City

European markets traded lower after Portugal debt drifted closer to external bailout. A rating agency downgraded Portugal debt. European retail sales eased 0.1% in February. Banks in Portugal, Spain and Germany declined.

Mumbai Stocks on Hold; Sesa Goa, Bharti Airtel Up

Devan Biswas
05 Apr, 2011
New York City

Stocks in Mumbai recovered from the losses of near 1% and closed down a fraction. The cross currents of higher crude oil prices and the expectations of higher earnings played out in the market. Sesa Goa soared after the Supreme Court lifted exports ban.

Nikkei in Tokyo Drops 1.1%; Supply Chain and Fukushima Worries

Nigel Thomas
05 Apr, 2011
New York City

Stocks in Japan declined as fresh worries arose concerning nuclear power plant. Fishery related stocks declined after Tepco dumped water with low radioactive contamination in Pacific Ocean. Automakers declined after Toyota joins Honda and Nissan in curtailing auto production.

Australia Rate on Hold, February Trade Deficit on Delayed Coal Shipments

Marcus Jacob
05 Apr, 2011
New York City

Australian stocks edged higher after the Reserve Bank of Australia left rates on hold for the fifth month in a row. Australia recorded trade deficit of $205 million in February as coal and iron ore shipments were delayed. The Australian dollar closed at $1.03.

U.S. Stocks Turn Negative, Silver Shines; Monday Global Deals of $25 Billion

Bikram Pandey
04 Apr, 2011
New York City

U.S. stocks struggled to arrest early morning gains after crude oil and commodities were in focus. Deals of $25 billion were announced on Monday. Silver surges to a 3-decade high. Markets in Asia gained and stocks in Japan struggled on supply chain worries.

Resources Heavy UK Indexes Rise; Vodafone Sells SFR Stake for

Nigel Thomas
04 Apr, 2011
New York City

UK stocks edged higher in a quiet trading as crude oil prices overshadowed the deal making. Crude oil in London jumped more than 1% to a 30-month high. Vodafone Group sold its stake in France based SFR for nearly

U.S. Movers: Ambassadors, Epicor Software, Pfizer, Southwest Airlines

Mukesh Buch
04 Apr, 2011
New York City

The cruise operator Ambassadors filed for a bankruptcy protection. Epicor Software agreed to be acquired by private equity funds managed by Apax Partners. Pfizer sold its Capusgel business to KKR for $2.38 billion in cash. Southwest Airlines cancels more than 70 flights.

Pfizer Sells Capsugel for $2.4 Billion to KKR, Oil in Focus

Bikram Pandey
04 Apr, 2011
New York City

U.S. stocks struggle as crude oil prices gain and commodities edge higher. Vodafone agreed to sell its stake in the second largest French mobile telecom operator for $11.3 billion and Pfizer agreed to sell its capsules maker unit for $2.4 billion.

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