Arthi Gupta
19 Nov, 2010
New York City
European indexes declined after China raised the reserve ratio by 50 basis points. Ireland edged closer to accepting bailout package. German PPI rose in October. Greek current account deficit narrowed and Italy industrial orders fell in September.
Arthi Gupta
19 Nov, 2010
New York City
U.S. stocks traded lower after China raised commercial banks'' reserve requirement ratio. Ireland inched closer to bailout. Chevron agreed to sell its aviation fuel marketing business in Caribbean to France-based Rubis. Dell net surged amid strong corporate demand. Cisco expands stock buyback plan.
Mukesh Buch
19 Nov, 2010
New York City
Stock in Mumbai tumbled. Bharti Airtel rose 0.6% after the government panel highlighted irregularities in 2G spectrum allocation. Coal India rose 0.6%. Hindustan Construction decreased 3.1% and received an observation letter for its unit Lavasa Corp
Chandrasekhar Atreya
19 Nov, 2010
New York City
Stocks in China gained for the day but dropped more than 3% in the week. China is considering tightening rules to avoid insider trading. SAIC Motor Co buys nearly 1% stake in General Motor. Strong demand from China and India is expected to boost gold sale in 2010 according to the World Gold Council.
Chandrasekhar Atreya
19 Nov, 2010
New York City
Nikkei benchmark index posted a 3% gain for the week. Mongolian President invites Japan to develop rare earth market. A survey shows that China may have eased supplies of rare earth minerals to Japan. Crude steel output rises for the 12th consecutive month in October.
Chandrasekhar Atreya
19 Nov, 2010
New York City
Australian shares closed marginally lower and fell 1.4% for the week. BHP decides to open its rail line in Pilbara region to smaller mining companies. Fortescue plans to double its iron ore capacity in its Pilbara hubs.
Arthi Gupta
18 Nov, 2010
New York City
The UK indexes traded higher after Ireland is negotiating a bailout package with the EU, the ECB and the IMF. The UK public borrowing surpassed expectations, retail sales rose, and gross mortgage lending fell in October. SABMiller net rose on price increases as well as growth in emerging markets.
Arthi Gupta
18 Nov, 2010
New York City
The European indexes rose on optimism of a successful bailout plan for Ireland. Euro area current account deficit rose in September. German employment climbed in the third quarter. Dutch unemployment rate fell in October but consumer confidence improved in November. Portugal PPI rose in October.
Arthi Gupta
18 Nov, 2010
New York City
U.S. stocks gained on expectations for a resolution to the Irish debt crisis and weekly jobless claims rose 2,000 to 439,000. GM priced its public offering at $33 per share. OECD cut 2011 global growth forecast. Western Coal received C$3.3 billion merger proposal from Walter Energy.
Mukesh Buch
18 Nov, 2010
New York City
Stock in Mumbai rose. AXIS Bank fell 2.7% after it agreed to acquire Enam Securities for nearly $400 million. JSW Steel soared 3.5% on $60 million expansion plan. Reliance Communications tumbled 4.8% as government panel highlighted irregularities in 2G spectrum.
Bikram Pandey
18 Nov, 2010
New York City
U.S. stocks traded sideways and European markets closed higher. Commodities and crude oil declined for the fourth day in a row. Gold and silver fell from the recent highs. The dollar declined against the yen and the euro. Europe and UK express readiness to extend financial support to Ireland.
Chandrasekhar Atreya
18 Nov, 2010
New York City
China region stocks gained after falling for four days in a row. Hong Kong index surged 1.4% after U.S. retail sales rose and tighter restriction on mainland were perceived administrative and not restrictive. Consumer confidence drops in the third quarter for the first time in six quarters in China.
Chandrasekhar Atreya
18 Nov, 2010
New York City
Tokyo stocks gained more than 2% as the yen weakened, exporters rallied and insurance companies gained ahead of earnings. U.S. State Department removes sanctions on Inpex over nuclear supplies to Iran. Mitsubishi and Xstrata plan to double thermal coal output at their plant in Australia.
Chandrasekhar Atreya
18 Nov, 2010
New York City
Australian shares edged higher as miners gained and financials fell. Shareholders filed a lawsuit seeking compensation for damages from National Australia Bank. QR National offering attracts $2.6 billion in bids from overseas investors. Competition authorities blocks Franklin Supermarket sale.
Mukesh Buch
16 Nov, 2010
New York City
Stock in Mumbai Slumped. Ansal Housing gained 2.3% and net profit increased 107%. ABG Shipyard fell 0.4% after net profit rose 22.7%. Gravita India steeps 87.5% premium over the initial public offer price of Rs 125. Mahindra Satyam tumbled 11.8% after net profit dropped 76%.
