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Shanghai Index Drops; Gold Import Soars Five-fold

Chandrasekhar Atreya
03 Dec, 2010
New York City

Shanghai stocks traded lower and closed nearly unchanged and lost 1% in the week. Gold imports in the first ten months soared five-fold. China plans a shift in monetary policy stance in 2011 to contain inflation. GM, the first global automaker, sold 2 million cars in a year in China.

Fifth Weekly Rise in Nikkei Index

Chandrasekhar Atreya
03 Dec, 2010
New York City

Stocks in Japan closed higher after U.S. retail chain stores sales surged in November and home sales index increased. European Central Bank also stepped up buying of bonds of weak economies. Finance minister propose to revise taxes on dividend and capital gains from 2012.

Sydney Stocks Edge Up; Rio Tinto, Chinalco in Venture Deal

Chandrasekhar Atreya
03 Dec, 2010
New York City

Australian shares closed marginally up. Rio Tinto and Chinalco agreed to form a joint venture to explore new deposits in China. November auto sales rise 1.8% in Australia. Western Australia approves a bill allowing BHP and Rio Tinto for further expansions in the state with a one-time payment of A$350 million.

U.S. Retailers Power Market Rally; Oil, Copper Close Up

Bikram Pandey
02 Dec, 2010
New York City

U.S. stocks closed higher after same store sales rose more than expected in November. European markets closed higher after the ECB stepped up bonds buying and Spain completed the sale of

U.S. Movers: Aeropostale, Gildan, Kroger, Vimpel

Mukesh Buch
02 Dec, 2010
New York City

Costco said November comparable sales rose 9%. General Motors vehicle sales increased 11.4%. Kroger third quarter total sales soared 5.9% to $18.7 billion. Toll Brothers fourth quarter revenues declined 17.2% to $402.6 million.

UK Indexes Surge; TUI Travel Loss Widens

Arthi Gupta
02 Dec, 2010
New York City

The UK indexes rose after construction activity slowed in November. GlaxoSmithKline inched closer to acquire China-based Nanjing MeiRui Pharma. TUI Travel annual loss widened 65% as sales declined 3.2%.

Rates in Europe on Hold; Spain Bond Auction Yields 3.7%

Arthi Gupta
02 Dec, 2010
New York City

The European indexes traded sideways after the European Central Bank retained liquidity measures and held key rate at 1%. Spain successfully raised nearly

Sydney Index Surges 2%; Retail Sales Drop 1%

Chandrasekhar Atreya
02 Dec, 2010
New York City

Sydney stocks surged nearly 2% on positive economic data from China and the U.S. Retail sales drops for the first time in eight months. Trade surplus in October was $2.625 billion.

U.S. Jobless Claims Soar; PepsiCo, Wimm-Bill-Dann $3.8 B Deal

Arthi Gupta
02 Dec, 2010
New York City

U.S. stocks traded higher after Spain successfully raised nearly

Nikkei Gains; Quarterly Business Investments Rises 5%

Chandrasekhar Atreya
02 Dec, 2010
New York City

Tokyo stocks surged the most in two weeks on positive U.S. economic data. Business investment in September quarter rises 5%, breaking a three-year losing streak. Tobacco Tax revenue surges 120% in October from a year earlier. Year-end bookings by tourists to China drop 50%.

Shanghai Index Gains; Gold Production Surges

Chandrasekhar Atreya
02 Dec, 2010
New York City

Stocks in Shanghai and Hong Kong closed higher after U.S. private employers expanded employment in November and manufacturing expanded. Expectations ran higher that the United States may offer more capital to IMF to help ease European debt crisis. PetroChina plans to expand oil and gas network.

India Movers: Apollo, Hero Honda, ONGC, UltraTech

Mukesh Buch
02 Dec, 2010
New York City

Apollo Hospitals plans to sell 49% stake in its pharmacy chain. Hero Honda Group agreed to increase royalty payments to the parent company in Japan. Union Cabinet has approved ONGC stock split. UltraTech Cement November sales fell.

Sensex in India 3-Day Rally; Auto Sales Surge

Chandrasekhar Atreya
02 Dec, 2010
New York City

Stocks in Mumbai closed higher for the third day in a row tracking the gains in Asia and international markets. Whole price index showed a decline and food price inflation dropped to 18-month low. Azim Premji, the founder of Wipro Ltd set up a philanthropic trust with his personal assets of $1.9 billion.

U.S., World Markets Indexes Up 2%; Fed Discloses Crisis Data

Bikram Pandey
01 Dec, 2010
New York City

U.S. and European markets closed up more than 2% after U.S. private sector hiring expanded and manufacturing continued to rebound. The euro and European markets gained after the European Central Bank stepped up its Irish and Portuguese bonds buying.

U.S. Movers: Corinthian, Copart, Google, Motorola

Mukesh Buch
01 Dec, 2010
New York City

Copart Inc declined after the junk yard operator said sales declined. Microchip Technology rose after it tightened the outlook. OminVision Technologies soared. Corinthian Colleges Inc said chief executive resigned. Google plans to open an online electronic book store. Motorola Inc separates business

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