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Coal India IPO Soaks Liquidity in Mumbai Trading

Chandrasekhar Atreya
22 Oct, 2010
New York City

Mumbai benchmark index closed lower on Friday but gained 0.2% for the week. Coal India offering is oversubscribed fifteen times. Infosys plans to invest $100 million in China expansion.

India Movers: Ambuja Cements, Biocon, Bajaj Corp and TCS

Mukesh Buch
22 Oct, 2010
New York City

Ambuja Cements Ltd declined after quarterly net declined 52% and Binnani Cement Ltd second profit plunged 98%. Bajaj Corp Limited declined 4% after latest quarterly net declined 19%. TCS said quarterly net increased 14%.

China Retail Sales Rise 19%; Shanghai, HK Indexes Down

Chandrasekhar Atreya
22 Oct, 2010
New York City

Stocks in China dropped led by financials offsetting gains in the automotive and industrials. Retail sales grew 19% while pace of industrial growth, infrastructure spending and profits at state-owned enterprises slowed in September.

Nikkei Climbs 0.5%; JFE Holdings Swings to Profit

Chandrasekhar Atreya
22 Oct, 2010
New York City

Japanese stocks gained on better-than-expected earnings outlook and a drop in jobless claims in the U.S. Japan takes stock of local rare earth inventory and prepares to sign agreement to develop these products with Vietnam. JFE Holdings swings back to profit in the first half of the current year.

Sydney Indexes Gain; Pluto LNG Project Worries

Chandrasekhar Atreya
22 Oct, 2010
New York City

Australian shares traded sideways but gained marginally. A wind farm project in Victoria to generate 248 megawatts gets approval. BG Group and Santos win approval for the first project to extract natural gas from coal seams in Queensland.

G-20 Leaders Divide on Currency Plan; World Markets Focus on Earnings

Bikram Pandey
22 Oct, 2010
New York City

U.S. stocks held their recent advances as deal activities heat up. American Express, UPS, Amazon and Nestle, SanDisk and Schlumberger reported rising earnings. All members of the European Union reported budget deficit in 2009. The dollar slides as G-20 financial leaders conclude currency talks.

UK Indexes Drop; Betfair IPO

Arthi Gupta
22 Oct, 2010
New York City

The UK indexes fell after miners led the decline. Ireland with 14.4% registered largest budget deficit in the European Union in 2009. MasterCard completed acquisition of DataCash. Betfair priced IPO at 1,300 pence per share. State Street unit agreed to acquire Bank of Ireland Asset Management. BSkyB profit soars.

German Business Confidence Up; Ericsson Net Soars; Alfa Laval Plunges

Arthi Gupta
22 Oct, 2010
New York City

The European indexes declined after euro-zone consumer confidence remained flat in October. German building industry orders rose in August and business confidence rose unexpectedly in October. Ericsson net more than tripled and Volvo swung to profit.

AIG Raises $17.9 B in AIA IPO; American Express, Schlumberger Net Rises

Arthi Gupta
22 Oct, 2010
New York City

U.S. stocks traded higher after upbeat earnings. AIA raised $17.9 billion through a public offering in Hong Kong. HP acquired ArcSight for $43.50 per share. Caterpillar and GE acquire companies. American Express net surges 70% and Schlumberger earnings soar more than double.

U.S. Stocks Ride on Earnings; China Growth Lifts World Indexes

Bikram Pandey
21 Oct, 2010
New York City

U.S. stocks traded near the two-year highs after the latest earnings exceeded expectations. eBay, Freeport McMoran, Nokia and Pernord-Ricard, Caterpillar and Netflix earnings lifted stocks. The U.S. dollar rebounded and gold and crude oil fell. China

U.S. Movers: eBay, Netflix, Goodrich, McDonald

Bikram Pandey
21 Oct, 2010
New York City

AT&T Inc third quarter revenue rose 2.8% and net surged. Goodrich Corporation revenue increased 6%. McDonald

UK Indexes Advance; GlaxoSmithKline, Seagate Net Falls

Arthi Gupta
21 Oct, 2010
New York City

The UK indexes climbed a day after government announced sharp spending cuts and retail sales fell unexpectedly in September. Decline in Irish home prices eased in the third quarter. GlaxoSmithKline profit declined 3.7% and Seagate net fell 17% in the quarter.

German Outlook Revised; Nokia Swings to Profit

Arthi Gupta
21 Oct, 2010
New York City

The European indexes gained after Nokia swung to profit. Euro area private sector growth slumped in October and the EU disbursed

U. S. Jobless Claims Fall; Caterpillar, eBay, Netflix Earnings Rise

Arthi Gupta
21 Oct, 2010
New York City

U.S. stocks rose after Caterpillar profit soared 96% and sales rose 53%. The regional survey conducted by the Fed confirmed modest growth in 12 districts. U.S. weekly jobless claims fell 23,000 to 452,000. eBay quarterly profit increased 23% on the surge in revenues at online payment unit.

India Movers: ACC, GSFC, Indiabulls and Info Edge

Mukesh Buch
21 Oct, 2010
New York City

Stocks in Mumbai surged on the sustained interest in Coal India offering from international investors. ACC Limited second quarter net fell 79%. Gujarat State Fertilizers & Chemicals Limited quarterly net more than doubled. Indiabulls Financial Services net jumped 143%.

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