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China Current Account Surplus Declined 8%

123jump.com Staff
20 Aug, 2010
New York City

Stocks in China region dropped after Shanghai city inflation increased to 3.9% and China

Soros Buys Stake in BSE; Sensex Declines

Chandrasekhar Atreya
20 Aug, 2010
New York City

Stocks in Mumbai traded lower but ended little changed. Billionaire investor George Soros controlled fund acquired 4% stake in the BSE from the Dubai sovereign fund. Cabinet approves nuclear liability bill that may haunt India as it limits the nuclear accident liability.

Nasdaq, S&P 500 Down 1.7%; Jobless Claims Rise

123jump.com Staff
19 Aug, 2010
New York City

U.S. indexes dropped more than 1.5% and the widespread sell off in tech and small cap stocks was sparked by a rise in weekly jobless claims. Indexes in Europe dropped nearly 2% and Brazil lost more than 1.2%. Crude oil edged lower.

UK Retail Sales Rise; Essar Energy Net Drops

Arthi Gupta
19 Aug, 2010
New York City

The UK indexes gained after retail sales rose in July. The UK M4 money supply increased, public sector net borrowing fell, and auto production dipped in July. The BoE noted mortgage lending still subdued. Hammerson agreed to sell 51% interest in O''Parinor to Korea-based National Pension Service.

Intel Drops; Dollar Tree, PetSmart Rise

Bikram Pandey
19 Aug, 2010
New York City

U.S. stocks fell and the Dow and S&P 500 index fell more than 1% after jobless claims rose. Intel declined more than 3% after it agreed to acquire McAfee for $7.7 billion. Dollar Tree, Inc increased 4% after quarterly net surged 37%. PetSmart, Inc surged 10% on better than expected earnings.

German GDP Estimate Raised, Stocks Up

Arthi Gupta
19 Aug, 2010
New York City

The European indexes gained after Bundesbank raised its outlook for German GDP expansion to 3% from 1.9% in 2010. German PPI rose in July and Swiss trade surplus increased in the month. Greek industrial turnover growth slackened but new orders rose in June.

Jobless Claims Rise; Intel to Buy McAfee

Arthi Gupta
19 Aug, 2010
New York City

U.S. stocks fell after weekly jobless claims rose 12,000 to 500,000. GM filed for IPO. Intel agreed to acquire McAfee for $7.68 billion. MasterCard agreed to buy DataCash for $520 million. Las Vegas Sands agreed to pay $1 billion in debt.

Sensex in India at 30-month High; Avantha IPO

Chandrasekhar Atreya
19 Aug, 2010
New York City

The Sensex index in Mumbai traded at a 30-month high. SEBI requires higher derivatives disclosures for mutual funds and limits the exposure to the fund asset size. Essar Group finalizes capital plan for 9,500 mw power projects. Avantha Power plans an IPO in October.

China Stocks 3-month High; CSD Orders 14 Ships

Chandrasekhar Atreya
19 Aug, 2010
New York City

Stocks in China rallied to a three month high led by resource companies. Revenues and profits of state-owned enterprises soar in the first seven months of the year. China allows yaun-ringgit trading as it broadens the yuan presence in Asia.

Nikkei Rises 2% in 2-Day Rally; Mazda Recall

Chandrasekhar Atreya
19 Aug, 2010
New York City

Stocks in Japan surge 1.3% and gain in a tow-day to 2% after dropping to the lows last seen in November. The benchmark index is still hovering near the two-decade low. Mazda plans to recall more than half a million cars to fix power steering flaws.

Sydney Stocks Cautious on BHP Hostile Offer

123jump.com Staff
19 Aug, 2010
New York City

Stocks in Australia closed nearly flat after rallying initially on upbeat earnings but worried that BHP may overpay for Potash Corp. Weekly earnings of full-time employees rises by at least 5% in the quarter ended May. BHP makes $39 billion hostile offer for Potash Corp.

Merger Sentiment Rules Stocks; Oil Drops

123jump.com Staff
18 Aug, 2010
New York City

U.S. stocks and indexes closed higher after merger deals and talks of hostile offer for Potash Corp lifted sentiment. European indexes declined despite the rise in construction output in July and employment rose in second quarter in Germany. Crude oil fell to one-month low and gold inches to record.

Chico's Rises; Target, Deere Fall

Bikram Pandey
18 Aug, 2010
New York City

U.S. stocks traded higher after mergers drive the trading sentiment. Most stocks in the Dow and S&P 500 index traded higher. Chico

UK Indexes Fall; Henderson Declines 5%

Arthi Gupta
18 Aug, 2010
New York City

The UK indexes declined after an unsuccessful bid for Potash Corp by BHP Billiton. The Bank of England minutes noted policy makers voted 8-1 to retain key interest rate. Semtek and RBS WorldPay entered into a multi-year deal for security services.

Euro Area Construction Rises; Stocks Down

Arthi Gupta
18 Aug, 2010
New York City

The European indexes fell after euro area construction output rose 2.7% in June. The Basel Committee noted capital and liquidity rules will have modest impact on economic growth. The OECD said GDP flat in the second quarter. German employment rose in the second quarter and retail sales fell in June.

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