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Nikkei Falls As Germany Restricts Shorts

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

Markets in Japan and Asia closed lower on the ongoing worries related to euro-zone. Six biggest banks in Japan total net profits soar to 1.13 trillion yen in 2009. Toyota recalls six Lexus models.

Sensex Drops 1.3%; Exports Rise 36%

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

Stocks in Mumbai traded lower on euro-zone worries. Exports in April increased 36% to $16.9 billion. Mandhana Industries makes a lackluster debut. Bank of Rajasthan agreed to sell to ICICI Bank. Sanofi-Aventis and Pfizer are in talks to buy Piramal.

U.S. Inflation Contained; Euro Slides

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

U.S. stock futures and world markets plunged sharply on fears about the impact the naked short selling ban imposed by Germany will have on the global markets. U.S. consumer price index falls 0.1% in April. Hewlett-Packard, Analog Devices, Deere net rises.

U.S. Stocks Decline, Weak Euro, Oil

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

U.S. stocks fell as the euro zone austerity measures weaken the euro to a four-year low. Germany is likely to take more measures to curb speculation in financial markets. Visa Inc, MasterCard, American Express and Capital One declined on tighter fees regulations.

European Markets Gain; Carrefour To Buy Ipek

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

European markets edge higher after debt woes ease and euro-zone finance ministers vow to fix the region''s finances. Greece receives first tranche of EU bail-out loan. Euro-zone trade surplus increases to

Agilent, Kirkland

Mayank Mehta
18 May, 2010
New York City

Forest Laboratories, Inc. led gainers in the S&P 500 index with a rise of 4.7%. TJX Companies profit climbs 58%. Abercrombie & Fitch narrows quarterly loss. Home Depot net rises stronger-than-expected 41%. Agilent swings to second quarter profit.

UK Inflation Soars; Vodafone Net Surges

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

UK stocks rise as commodity prices rebound and inflation hits 17-month high. AstraZeneca enters into an agreement with Teva Pharmaceuticals USA, Inc. SSL International drives fiscal year profit. Vodafone Group net profit surges 179%.

Sensex Recovers; L&T Net Jumps 26%

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

The Sensex index rallies after L&T reported 26% increase in earnings. Tarapur Transformers makes a muted debut. Aksh Optifibre gains on capital raising plan. Bharti Airtel recovers as Fitch removes it from negative watch. TCS declined on the talks of UK government may review outsourcing deals.

HK, Shanghai Stocks Rebound

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

Sale of new homes fall in Shanghai. China Petroleum and Chemical Corp received regulatory clearance for 20 billion yuan bond sale. China Railway Group signs contracts worth 69.22 billion yuan.

Stocks Rally on PPI and Housing Data

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

US stocks gain as strong housing starts data and tame inflation data boosted sentiment. Housing starts rise by 5.8% and PPI decreases 0.1% in April. Fidelity National to pursue leveraged recapitalization after buyout bid fades.

Australia Supports Higher Resource Taxes

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

Australian government said its proposal to impose 40% tax on resource companies is an effort to make structural changes in how it incentivizes investments. The dollar fell after The RBA releases minutes of latest meeting. Macarthur Coal rejected takeover proposal by Peabody Energy.

Consumer Confidence Rises in Japan

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

Stocks in Tokyo rose after consumer confidence increase in April. Bank of Japan resumes supply of US dollars. Department store sales decline 3.7% in April and sales in the Tokyo area contracted 4.9%.

Astellas Agrees to buy OSI for $4 Billion

Chandrasekhar Atreya
18 May, 2010
New York City

Japanese drug maker Astellas Phrama agrees to buy US firm, OSI Pharmaceuticals, maker of cancer drug Tarceva, in a share-cash bid, to stem dropping sales, gain control of experimental treatments for cancer, and also a geographical presence in the US market.

China Stocks Fall; FDI Climbs

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

Hong Kong shares fall across the board. Goldwind receives the H-share initial public offering. Qatar Petroleum, Shell and Petrochina sign new exploration and production sharing agreement. Beiqi Foton plans to build a new unit in Shandong. Evergrande is set to extend discounts.

Australian Stocks Slip, Queensland Rail IPO

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

There is room for negotiation in the 40% proposed super profit mine tax. BHP says new tax makes Australia less competitive. Queensland government plans a public offering to sell part of its rail assets. Elders Ltd. profit rises to A$1.1 million in the first half.

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