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Australian Stocks Fall; Super Tax Debate

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
31 May, 2010
New York City

The Australian dollar which had dropped on May 28 after Fitch downgraded Spain from AAA to AA+ was little changed today, as the debt downgrading contributed to market jitters.

European Markets Higher; Spain Debt Downgrade

Arthi Gupta, Mayank Mehta and Sanjay Barot
31 May, 2010
New York City

European stocks traded higher despite a downgrade of Spain''s sovereign debt rating. Euro-zone economic confidence deteriorated and inflation accelerates to 1.6% in May. Polish economic growth slows in the first quarter.

Political Turmoil Weaken Yen

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
31 May, 2010
New York City

The Japanese stocks closed higher after regaining losses in the day on strong earnings growth in pharma companies, leading the Nikkei 225 Stock Average to rise. The broader Topix index increased with advancing stocks leading the declining stocks by a margin of two-to-one.

China Stocks Decline, Property Bond Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
31 May, 2010
New York City

Stocks in Shanghai and Hong Kong declined after a rating agency downgraded Spain

Thomson Reuters Q1 Earnings Call Transcript

123jump.com Staff
31 May, 2010
New York City

Sales up 0.3% to $3.14 billion & net income fell 31% to $134 million or 15 cents a share. Operating profit fell 8% as anticipated & the corresponding margin fell 240 basis points to 22.3%. Underlying operating profit fell 6% & margin decreased primarily due to the flow-through on lower revenues.

India

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
31 May, 2010
New York City

The benchmark index in Mumbai trading rose marginally after fluctuating between gains and losses four times in the morning. The index gained a little after the Central Statistics Organization reported today that the GDP expanded 8.6% in the quarter ending March from a year earlier.

Shell Acquires East Resources

Chandrasekhar Atreya
29 May, 2010
New York City

Shell is expanding its portfolio in North American tight gas positions with new acquisitions in high-potential US shale gas acreage in Marcellus Shale and Eagle Ford plays.

Travis Perkins Bid; Consumer Confidence Wanes

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 May, 2010
New York City

UK stocks rebound led by positive gains from retailers but consumer confidence wanes. Shell acquires East Resources Inc. for $4.7 billion. Travis Perkins discusses

Baker Hughes Declines; Novell, Kroger Rise

Mayank Mehta
28 May, 2010
New York City

Baker Hughes Incorporated led the decliners in the S&P 500 index with a loss of 6.6%. Ener1 agrees to joint venture with Wanxiang. Guess profit up 55%. J. Crew posts higher profit. Novell reports 28% profit gain.

ToysRUs Public Offering

Arthi Gupta
28 May, 2010
New York City

Toys ""R"" Us, Inc. announced that it has filed a preliminary registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of up to $800 million of its common stock.

European Stocks Fall; Swedish GDP Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 May, 2010
New York City

European stocks decline amidst concerns on U.S. economic data. Spanish Parliament approves public sector spending cuts. Swedish economic growth accelerates in the first quarter. Greece producer price inflation rises 9.8% in April.

US Indices Settle, Personal Income Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 May, 2010
New York City

U.S. and world stocks advanced on optimism about global economic recovery. Most Asian and European markets soared after China calmed market nerves. U.S. personal income rises 0.4% in April. Prudential seeks lower terms for AIG

Australian Stocks Rise, Santos Wins Approval

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Stocks in Sydney continued their advance for the second day in a row on the global optimism and positive comments from China. Virgin Blue lowered its profit outlook but Qantas kept its estimate but cited weaker performance in international segment.

Japan Stocks Up; CPI Falls, Jobless Rate Rises

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

The indexes in Japan gained led by commodities, after shares surged in Europe and US after China rejected media speculation that it may lower its foreign reserve holdings in the euro-zone debt. The yen weakened.

Sensex, Rupee Rally; Tata Motor Net Doubles

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
28 May, 2010
New York City

Indian rupee strengthened on a global rally led by Asian stocks and improved investor risk appetite in emerging markets. The benchmark index also gained after closing at a three-month low on May 25.

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