Chandrasekhar Atreya
15 Sep, 2010
New York City
Stocks in China fell but in Hong Kong gained marginally. Foreign direct investment in China surged 18% to $66 billion. Exchange of new car for old program lifted auto sales in the first eight months.
Chandrasekhar Atreya
15 Sep, 2010
New York City
Stocks in Japan surged more than 2% after the government intervened in the foreign exchange market. Prime Minister Kan plans to reshuffle the cabinet and change the DPJ executives later this week. Convenience store operator Lawson plans to open 130 stores in China.
Chandrasekhar Atreya
15 Sep, 2010
New York City
Stocks in Australia rallied to a four-month high following Japanese intervention to stem the surging yen. Consumer confidence index declined in September. June quarter saw the largest jump of new dwellings in more than six years. Queensland plans to link to hydroelectric energy from Papua New Guinea.
Bikram Pandey
14 Sep, 2010
New York City
U.S. stocks traded sideways after a moderate increase in retail sales and budget deficit narrowed in August. The U.S. dollar dropped and the yen reached a new 15-year high. Gold surged 2.2%. Cliff Natural Resources Inc, the largest iron ore producer in North America dropped 5%.
Arthi Gupta
14 Sep, 2010
New York City
The UK indexes declined after inflation remained at 3.1% but consumer confidence rebounded in August and home prices rose in July. The BoE policy maker Weale noted the British economy is recovering but employment may lag increase in private sector output.
Devan Biswas
14 Sep, 2010
New York City
Stocks in New York traded higher. BestBuy Company surged 6% after net soared 61%. The Kroger Co increased 2% after revenues gained 6%. Schiff Nutrition International gained more than 8%.
Arthi Gupta
14 Sep, 2010
New York City
The European indexes fell after German investor confidence plunged in September. Euro-zone industrial production static in July and labor cost growth slackened in the second quarter. French inflation eased in August.
Arthi Gupta
14 Sep, 2010
New York City
U.S. stocks gained after retail sales rose 0.4% and budget deficit narrowed to $90.5 billion in August. MedAssets agreed to buy Broadlane Group for $850 million. Churchill Downs agreed to acquire Harlow''s Casino Resort & Hotel for $138 million.
Chandrasekhar Atreya
14 Sep, 2010
New York City
Stocks in Mumbai gained for a sixth trading day and the index is up 21% in the last four months. India starts reporting inflation series from August. Rupee strengthens for a fourth day in a row. Wind power maker, Suzlon plans expansion in China.
Chandrasekhar Atreya
14 Sep, 2010
New York City
Stocks in China region traded marginally higher after in a volatile trading searching for a direction. Sales of new homes in Shanghai rose for the third week in a row and home loans dropped for the first time in August. First half investment in seven strategic industries surges 67%.
Chandrasekhar Atreya
14 Sep, 2010
New York City
Stocks in Japan dropped marginally after yen hovered near the 15-year record high. The ruling party elected Naoto Kan ending the two month of uncertainties. New condo sales in Tokyo surged 18.5% in August and increased in western Japan.
Chandrasekhar Atreya
14 Sep, 2010
New York City
Stocks in Australia gained moderately led by mining stocks. Business confidence index surged to a 4-month high in August but still below the record in July a year ago. Wheat output and exports are estimated to surge on good rains. Gillard takes oath as Prime Minister.
Devan Biswas
13 Sep, 2010
New York City
U.S. stocks closed higher on better than expected economic data from China. Crude oil gained more than 0.8% and the dollar edged lower against most currencies. Banks in Europe are preparing to raise more capital. The yield on 10-year U.S. bonds may decline below 1.8%.
Devan Biswas
13 Sep, 2010
New York City
Banks traded higher after watered down Basel III will take longer than expected to implement stricter capital guidelines. ArcSight Inc soared nearly 25% after it agreed to be acquired by Hewlett Packard. Tower Watson & Co declined on an offering.
Arthi Gupta
13 Sep, 2010
New York City
The UK indexes gained after mortgage lending rose modestly in July. BAE Systems contemplated sale of platform solutions business. BP acquired interest in South China Sea. PZ Cussons plc advanced 1.8% after it reaffirmed annual outlook.
