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Sensex in India Drops; Gujarat Plans $11 Billion of Dam Investment

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in Mumbai dropped in a choppy session tracking losses in Asia. Coal India IPO price was set at Rs 245 a share, at the upper end of its filing range and raise $3.5 billion for India. Gujarat government plans the world

Shanghai, HK Stocks Drop; China Raises Fuel Prices by 3%

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in China region dropped after China raised fuel prices at midnight by 3%. Average new home price in Shanghai stays above 20,000 yuan per square meter for the fifth week in a row, as unit sales decline.

India, Japan Sign Free Trade Agreement, Explore Rare Earth Minerals

Chandrasekhar Atreya
26 Oct, 2010
New York City

Tokyo stocks closed lower as the yen hovered near recent highs and the dollar resumed its slide. Stocks of utilities gained but brokers and financials edged lower. Japan approves 4.42 trillion yen of supplementary budget allocation. India and Japan agree to cut tariff on most items.

Sydney Drops; Greens Plan to Block ASX Ltd Takeover

Chandrasekhar Atreya
26 Oct, 2010
New York City

Stocks in Sydney closed lower as financials and banks declined. The Greens intend to block the takeover of the ASX Ltd citing human rights record of Singapore. Competition commision approved the $1.8 billion takeover offer of CSR Sugr by Singapore based Wilmar International.

Dollar in Focus; U.S. and World Stocks Close Higher

Devan Biswas
25 Oct, 2010
New York City

U.S. and world stocks traded higher and the dollar retained the negative bias after the conclusion of G-20 meeting. Currency traders are expecting the dollar to continue its slide. The U.S. Treasury sold inflation protected securities for the first time at a negative yield of 0.55%.

U.S. Movers: CommScope, RadioShack, Sykes, Value Line

Bikram Pandey
25 Oct, 2010
New York City

Sykes Enterprises Inc surged after it reported higher than expected earnings. Value Line Inc soared 18% after it declared a special dividend. Sohu.com Inc advanced more than 10% after quarterly net exceeded expectations. CommScope Inc soared more than 30% on the company plans to go private.

UK Mortgage Approvals Fall to 18-Month Low; BP, Marubeni Deal

Arthi Gupta
25 Oct, 2010
New York City

The UK indexes gained after G20 finance chiefs vowed to reduce global fiscal imbalances. The BoE noted Asset Purchase Facility usage declined in the third quarter. The UK mortgage approvals fell in September.

CSX Q3 Earnings Call Transcript

123jump.com Staff
25 Oct, 2010
New York City

The railroad operator quarterly revenue rose 16% to nearly $2.7 billion on a 10% overall increase in volume. Net earnings in the quarter surged 43% to $414 million reflecting strong volume as well as revenue growth. Earnings per share grew to $1.08 from 73 cents per share in the prior-year quarter.

Euro Area Industrial Orders Surge; Hungary Retains Key Rate

Arthi Gupta
25 Oct, 2010
New York City

The European indexes advanced after finance ministers of the G-20 nations agreed to ease currency tensions. Euro-zone industrial orders surged in August. French economy losses estimated up to

U.S. Stocks Rise; Merger Monday

Arthi Gupta
25 Oct, 2010
New York City

U.S. stocks traded higher after the G20 finance chiefs pledged to avert currency wars. Singapore Exchange agreed to acquire the operator of Australian Stocks Exchange for A$8.4 billion. CommScope confirmed talks with the Carlyle Group. BP agreed to sell interests in four Gulf of Mexico fields.

Sensex Gains; India

Chandrasekhar Atreya
25 Oct, 2010
New York City

Mumbai stocks continued the advance on earnings outlook. Growth in imports exceeded the exports and lifted the trade deficit in the first half to $63 billion. Prime Minister Manmohan Singh in a two-day visit to Japan plan to discuss investment in infrastructure and nuclear power projects.

India Movers: Bajaj Auto, D B Corp, Finolex, Hindustan Unilever

Mukesh Buch
25 Oct, 2010
New York City

Stocks in Mumbai traded higher tracking gains in Asian markets. Bajaj Auto Ltd rose after the company was added to the benchmark index Sensex 30 index. D B Corp second quarter net gained 25.1%. Finolex Cables Ltd declined after quarterly net plunged 34%.

Shanghai Stocks Soar to 6-month High

Chandrasekhar Atreya
25 Oct, 2010
New York City

Stocks in China soared to a six month high on earning and profit outlook as well as commodity prices. Hong Kong stocks push the benchmark higher despite SGX offer to acquire ASX. AIA, the Asian insurance arm of AIG completed the public offering to raise $17.9 billion in Hong Kong.

Nikkei Drops on Yen

Chandrasekhar Atreya
25 Oct, 2010
New York City

Japanese stocks were nearly flat with the yen trading at 15-year high and ahead of earnings this week. Trade surplus for September soars but growth of export slows. Prime Ministers of India and Japan look for joint developments of infrastructure, nuclear power and rare earth exploration projects.

Australian Stocks Surge; Singapore Exchange Offers $8.4 B for ASX

Chandrasekhar Atreya
25 Oct, 2010
New York City

Australian shares surged on takeover activity and resurgent markets in Asia. Singapore Stock Exchange offers $8.4 billion for the Australian Stock Exchange. Australian dollar hovers just under parity

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