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Sensex Rises Marginally; Gold in India Soars

Chandrasekhar Atreya
08 Sep, 2010
New York City

Stocks in Mumbai fluctuated but closed higher at the end of the day. Basmati exports expected to go up due to floods in Pakistan. Gold price in Mumbai traded above record at Rs 19,000 for ten gram. Ohio State in the U.S. bans outsourcing of IT and back-office projects.

Industrial Production to Decline in China

Chandrasekhar Atreya
08 Sep, 2010
New York City

Stocks in China region fell after renewed sovereign debt concerns escalated in Europe. Yanzhou Coal plans to take 51% stake in Inner Mongolia-based coal miner. M&A loans rose to touch 10 billion yuan by the end of June in Shanghai.

Nikkei Falls 2.2%; Yen at 15-Year High

Chandrasekhar Atreya
08 Sep, 2010
New York City

Stocks in Japan dropped as the yen continued to rise and the Bank of Japan cited modest economic recovery. Yen traded at the high last seen since May 1995. Core machinery orders and current account surplus surged in July. Toyota recalls continue and extend to Australia.

Sydney Declines; Home Approvals Rise

Chandrasekhar Atreya
08 Sep, 2010
New York City

Stocks in Australia closed fractionally lower. Prime Minister Gillard commits to regional infrastructure plan worth A$800 million. Home approvals rose more than expected in July. Toyota recalls HiLux cars in Australia.

U.S. Stocks, European Bonds Drop

Bikram Pandey
07 Sep, 2010
New York City

U.S. stocks and sovereign bonds of peripheral European nations dropped. Resurgent economic worries in the U.S. and Europe drove the trading sentiment. Gold edged higher 0.7% and oil added 0.8%. Resource stocks in Australia fell after Labor government inched closer to form a minority government.

Oracle, Casey's, ResCare Surge

Devan Biswas
07 Sep, 2010
New York City

Oracle Corp surged more than 5% after the company hired ex-CEO of Hewlett Packard. Casey

UK Indexes Down; Retail Sales Soar

Arthi Gupta
07 Sep, 2010
New York City

The UK indexes slipped after banks and mining stocks fell. Retail sales were boosted by back to school shopping in August. HSBC Chairman agreed to step down to become UK Trade Minister. Sports Direct International plc soared 3.6% after quarterly sales increased 8.8%.

Bebe Stores Q4 Earnings Call Transcript

123jump.com Staff
07 Sep, 2010
New York City

The women''s apparel and accessories maker net quarterly sales declined 2.1% to $127.42 million on comparable store sales fall of 3.4%. Net income in the quarter was $2.05 million or 2 cents per diluted share compared to a loss of $0.32 million or breakeven per share last year.

European Indexes Declined on German Orders

Arthi Gupta
07 Sep, 2010
New York City

The European indexes fell after German factory orders slid in July. Ten largest German banks may need to raise as much as

U.S. Stocks Drop; $50 Billion Stimulus

Arthi Gupta
07 Sep, 2010
New York City

U.S. stocks declined on global economic worries. Obama proposed $50 billion plan to stimulate the economy. Airgas board considering revised $65.50 per share bid of Air Products. ResCare to be acquired by Onex Partners for $13.25 per share.

Oilex of Australia Finds Gas in Gujarat

Chandrasekhar Atreya
07 Sep, 2010
New York City

Stocks in Mumbai extended gains for the second day. Oilex of Australia strikes large reserves of gas in Gujarat. Indian Oil to expand its refinery production by 25% in North India. UAE based Etisalat may invest in Idea Cellular.

Shanghai Rallies; New Home Sales Rebound

Chandrasekhar Atreya
07 Sep, 2010
New York City

Stocks in China rallied led by steel makers after the government ordered the closure of energy inefficient mills. Home buying momentum rebounds after effects of property curbs wear off. China is set to become the world

Nikkei Falls after 4-Day Rally; Reserves Rise

Chandrasekhar Atreya
07 Sep, 2010
New York City

Stocks in Japan declined after rising for four days in a row as Bank of Japan left its key lending rate at 0.1%.The rates are on hold since December 2008. Foreign exchange reserves rise in August to $1.07 trillion, third month of increase and to the second highest on record.

Gillard Leads Minority Coalition; Rates on Hold

Chandrasekhar Atreya
07 Sep, 2010
New York City

Stocks in Australia stayed little changed after the central bank extended its interest rate pause. Prime Minister Julia Gillard gets the support needed to form a minority government. Construction activity remained weak in August.

Markets in Asia, Europe Close Higher

Devan Biswas
06 Sep, 2010
New York City

Markets in Europe closed fractionally higher and in Asia surged tracking gains in New York. Commodities closed higher in London and the dollar edged higher against the euro. Gold edged lower. Euro zone investor confidence index declined. China said the dollar is 65% of its foreign reserves.

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