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Property Worries Hover China Sentiment

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

Baoshan Iron & Steel Co, China

India Deregulates Natural Gas Market

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

The Reserve Bank of India needs to consider the credit crunch created after payment of license fees for 3G phone services drained cash from the system, said Kaushik Basu, Chief Economic Advisor in the finance ministry.

Iron Ore Prices to Rise; Australia Trade Surplus

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
03 Jun, 2010
New York City

Australia

Resource Stocks in Australia Decline

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

Australian dollar fell after rising for two days as metal prices weakened. It traded at 84.60 U.S. cents at the end of the day in Sydney.

Japan Elects Naoto Kan as New Premier

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
04 Jun, 2010
New York City

Japan elected fifth prime minister in four years. The political turmoil gripped the administration of Prime Minister Yukio Hatomaya after he failed to deliver on several campaign promises and lost support of his party and coalition partners.

FTSE Gains; UK Net Reserves Rise

Arthi Gupta, Mayank Mehta and Sanjay Barot
03 Jun, 2010
New York City

UK indexes gain on positive economic data and earnings momentum. UK house price index rises 0.5% month-on-month and service sector expands for a thirteenth consecutive month in May.

BP Faces Penalties; UK Money Supply Flat

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jun, 2010
New York City

UK stocks fall after U.S. threatens civil and criminal probes against BP Plc. UK construction sees strong growth during May. UK mortgage approvals increase in April but M4 money supply remains flat. Jupiter Investment Management prices IPO.

AutoNation, Exide Gain; Hovnanian Falls

Mayank Mehta
03 Jun, 2010
New York City

AutoNation, Inc. led gainers in the S&P 500 index with a rise of 4.9%. AutoNation''s May retail new vehicle unit sales up 22%. BJ''s same-store sales rise 3.5%, excluding gas. Ross Stores May same-store sales jump 5%. American Eagle Outfitters same-store sales dip 3%.

Best Buy, CA Decline; Amgen, Apple Rise

Mayank Mehta
02 Jun, 2010
New York City

Best Buy Co., Inc. led the decliners in the S&P 500 index with a loss of 3.6%. Energy stocks rise. JoS A Bank profit up 38%. Lionsgate fiscal 2010 loss narrows to $19.5 million.

European Markets Surge; Euro Area PMI Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
03 Jun, 2010
New York City

European markets advance after positive U.S and euro area economic data. The euro area services purchasing managers'' index rises to 56.2 in May. Ahold N.V. quarterly profit rises 46%.

Infrastructure Projects Awards in India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

Rupee loses further after shedding 80 paisa yesterday. Stocks in Mumbai traded higher on infrastructure awards. Tata opens Sanand plant for Nano. Emirates Telecom is in talks for Reliance stake. Reliance Infra wins Delhi-Agra NHAI project.

Euro Area PPI Surges; BP Investigation

Arthi Gupta, Mayank Mehta and Sanjay Barot
02 Jun, 2010
New York City

European markets close lower on the growing threat of civil and criminal penalties against BP Plc. Banking stocks led the decline. Euro area producer price inflation surges 0.9% in April. Portugal Telecom announces a revised proposal from Telef

China Stocks Gain; HK Index Declines

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

China stocks rise for first time in four days as developers and brokerages gain. Hong Kong stocks fall after Bank of China started its 40 billion yuan convertible bond sale. Fujian Cement plans to buy rights issue of Industrial Bank. Galaxy Entertainment Group first quarter EBITDA rises 79%.

Prime Minister Hatoyama Resigns

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

Stocks in Japan fell after Prime Minister Yukio Hatoyama said he will resign after his popularity plunged on wavering stance on campaign pledges and backtracking on the removal of U.S military base in Okinawa.

Australian GDP Expands 0.5% in the First Quarter

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
02 Jun, 2010
New York City

The Australian dollar and stocks fell even as the Bureau of Statistics declared GDP expanded in the first quarter. Tenet Healthcare eyes Healthscope to tap private care market in Australia. Insurance Australia shares slump after cut in margin outlook. Metcash

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