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Sensex in India Crosses 20,000; India Discusses Foreign Retailers Entry

Chandrasekhar Atreya
24 Dec, 2010
New York City

Mumbai stocks gained in thin trading. The government opens a discussion on direct investment from large foreign retailers as investment drops 38% in the first seven months to October. India looks to limit defense exports to $10 billion as private contractors expand in the nation.

China Targets Lower Growth; U.S. Files WTO Case for Wind Energy

Chandrasekhar Atreya
24 Dec, 2010
New York City

Shanghai stock indexes dropped on liquidity concerns and China targeted economic growth of 8% and inflation at 4% for next fiscal year. Profits at government controlled companies surged 50% in the first 11 months. U.S. files WTO complaint against China

Nikkei Dips on Stronger Yen; Japan, Turkey in $20 Billion Nuclear Plants Deal

Chandrasekhar Atreya
24 Dec, 2010
New York City

Tokyo indexes declined today and in the week as the yen strengthened against the dollar and the euro. Japan and Turkey are expected to sign agreements to build $20 billion nuclear power plants. 91.41 trillion yen budget proposal for 2011 to be approved today.

Australian Dollar Firms on Economic Optimism, Rising Commodities Prices

Chandrasekhar Atreya
24 Dec, 2010
New York City

Sydney benchmark index ended lower trading on thin volumes of declining mining stocks. Australian dollar closed above parity for the second day. New South Wales and Queensland brace for heavy rainfall in the next seven days.

U.S. Economy Gathers Momentum; Oil Tops $91

Bikram Pandey
23 Dec, 2010
New York City

U.S. indexes drifted ahead of Christmas holiday as more evidence emerged that the economic recovery takes a early hold. The latest data on personal income and core durable goods orders showed a rising trend. Ireland is set to inject $5.2 billion after it seized Allied Irish Banks Plc.

UK Mortgage Approvals Fall; Innovation Group Acquires Wintec

Arthi Gupta
23 Dec, 2010
New York City

The UK indexes traded sideways after mortgage approvals fell but services sector index rose. Irish retail sales edged higher in November. Innovation Group agreed to acquire Germany-based Wintec.

U.S. Movers: Bed Bath & Beyond, Christopher & Banks, Jo-Ann Stores

Mukesh Buch
23 Dec, 2010
New York City

Bed Bath third quarter sales increased 11.1% and comparable sales rose 7%. Christopher & Banks third quarter net sales edged lower 8.4% to $120.9 million. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Micron Technology first quarter net sales rose 29% to $2.25 billion.

Hungary

Arthi Gupta
23 Dec, 2010
New York City

The European indexes declined after Fitch lowered Hungary''s credit rating. French industrial producer price index rose in November. Hungary''s trade surplus fell in October. Spanish PPI climbed in November. Maersk Oil agreed to buy Brazilian assets for $2.4 billion.

U.S. Personal Income, Durable Orders Rise; Jo-Ann Stores in $1.6 Billion Deal

Arthi Gupta
23 Dec, 2010
New York City

U.S. indexes fell after jobless claims edged lower and durable goods declined more than expected and personal income rose. Jo-Ann Stores agreed to be acquired by Leonard Green for $1.6 billion. Zimmer agreed to acquire Geneva-based Sodem Diffusion.

India Struggles to Contain Resurgent Food Price Inflation

Chandrasekhar Atreya
23 Dec, 2010
New York City

Mumbai stocks dropped in choppy trade after persistent high food price inflation. Handicrafts exports surge 19% in the first eight months to$1.2 billion. India lifted its infrastructure investment target to $1 trillion and private sector participation to 50%.

India Movers: A2Z, Pipavav, Sun Pharma, Steel Authority

Mukesh Buch
23 Dec, 2010
New York City

A2Z Maintenance dropped 16% from its IPO price on the first day of trading. Pipavav Shipyard signed an agreement with Sweden-based SAAB Dynamics AB. Suven Life Sciences secured four patents. SAIL upcoming secondary offering may be priced as 12% discount.

China Estimates FDI to Increase 11% to $100 Billion

Chandrasekhar Atreya
23 Dec, 2010
New York City

Shanghai stocks dropped for a second day on year end liquidity worries. China agrees to buy Portuguese bonds in 2011. CNPC confirms the second phase of Kazakh-China gas pipeline construction. Foreign direct investment in China is expected to reach $100 billion this year.

Australian Dollar Above Parity; Riversdale Approve Merger

Chandrasekhar Atreya
23 Dec, 2010
New York City

Stocks in Australia closed higher as resource stocks led the gainers. Copper closed at a record high and crude oil reached a two-year peak. Australian dollar closed traded above parity reflecting a growing sentiment for high commodities prices in 2011.

Rise and Rise of U.S. Stocks; Record in Copper, Oil at 2-year High

Bikram Pandey
22 Dec, 2010
New York City

U.S. indexes closed at a 2-year high as regional banks and resource stocks led the gainers. Crude oil topped $90 a barrel and copper closed to a record high and soared 28% in the year as a single trader holds 90% of stockpile. Walgreen rises and Nike falls.

UK GDP Growth Lowered; Current Account Deficit Widens

Arthi Gupta
22 Dec, 2010
New York City

The UK indexes gained and third quarter GDP growth was lowered and current account deficit widened. The Bank of England policy makers were split at the last meeting. Irish trade surplus widened in October.

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