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Japanese Railcar Makers Get $4.8 Billion U.S. Orders

Chandrasekhar Atreya
17 Dec, 2010
New York City

Tokyo stocks stayed flat amid softer yen and debt worries from Europe. Nippon Sharyo and Sumitomo get railcar orders worth $4.8 billion from the United States. Smartphone sales expected to surge 190% this year. Japan expects to hike taxes on fossil fuel from next October.

Sydney Drops; Santos Sells Stake in Gladstone

Chandrasekhar Atreya
17 Dec, 2010
New York City

Australian stocks edged down led by banks and lower mining stocks. Santos sells 15% stake in Gladstone LNG for A$665 million to fund the project. Western Australia revises its full year budget surplus upwards. Reserve Bank of Australia plans a liquidity facility to help banks conform to Basel norms.

U.S. Housing Data Lift Sentiment; Visa, MasterCard Plunge

Bikram Pandey
17 Dec, 2010
New York City

U.S. stocks turned positive after housing starts rose 3.9% and initial jobless claims declined. Spain paid a premium rate of 5.45% to sell $3.2 billion 15-year bonds. Visa Inc and MasterCard Inc plunged as much as 12% after Fed proposed to limit interbank debit card charges.

U.S. Movers: Winnebago, Nordson, Scholastic

Mukesh Buch
16 Dec, 2010
New York City

FedEx second quarter revenue surged 12% to $9.63 billion. General Mills, second quarter net sales increased 0.8% to $4.07 billion. Herman Miller, second quarter net sales grew 19.9% to $412.2 million. Rite Aid third quarter revenues fell 2.4% to $6.2 billion.

UK Retails Sales Rise; Ireland GDP Expands

Arthi Gupta
16 Dec, 2010
New York City

The UK indexes closed lower and retail sales rose in November. Irish GDP expanded 0.5% in the third quarter and factory gate prices remained stable in November. Rolls-Royce secured $89 million contract for U.S. Navy T-45 trainer engine support.

Spanish Bond Sale Successful as Yields Shoot Up 20%

Arthi Gupta
16 Dec, 2010
New York City

The European indexes fell ahead of the EU leaders meeting in Brussels. Spain sold

U.S. Foreclosure Filings Fall 21%; Jobless Claims Decline 3,000

Arthi Gupta
16 Dec, 2010
New York City

U.S. stocks traded sideways after weekly jobless claims fell and housing starts rose more than anticipated. Spain completed

India Movers: Ispat Industries, TCS, Powersoft, ONGC

Mukesh Buch
16 Dec, 2010
New York City

Camlin Fine Chemicals entered into a pact to acquire Italy based Borregaard. Ispat Industries may be acquired by Steel Authority of India. Suzlon Energy concluded contract for the delivery of 25 wind turbines.

India Holds Key Rates, First Pause in Nine Months

Chandrasekhar Atreya
16 Dec, 2010
New York City

Mumbai stocks gained in late trade after Reserve Bank of India left interest rates unchanged and eased liquidity and bond yields fell. The RBI left cash reserve ratio unchanged at 6%. Indirect tax collections reach 66% of the target in the fiscal year to November.

U.S. Movers: First Solar, Joy Global, General Electric

Mukesh Buch
15 Dec, 2010
New York City

Cubist Pharmaceuticals, estimates net revenue between $634 million to $640 million. General Electric sees earnings growth and higher demand for its industrial products. Joy Global fourth quarter net sales grew 9% to $1.05 billion.

China

Chandrasekhar Atreya
16 Dec, 2010
New York City

China region key stock indexes drop on inflation concerns. China

Bank of Japan Buys Stocks to Lift Asset Prices

Chandrasekhar Atreya
16 Dec, 2010
New York City

Tokyo stocks stayed flat amid softer yen and debt worries from Europe. United States pledged to work closely with Japan and Europe for new sources of rare earth supplies. Bank of Japan started its new asset purchase program with 14 trillion yen exchange traded fund purchase.

Rio Tinto Sells U.S. Coal Assets for $2 B; Sydney Stocks Gain

Chandrasekhar Atreya
16 Dec, 2010
New York City

Australian stocks edged higher as commodities rise in Asia. Rio Tinto sells major portion of its U.S coal assets for $2 billion. Australian lawmakers are still not convinced that the merger between Singapore Exchange and ASX Ltd is in the best interest of the country.

Yields Rise in U.S., Europe; U.S. Senate Passes Tax Deal

Bikram Pandey
16 Dec, 2010
New York City

U.S. stocks fell after mortgage activities and refinancing declined but inflation rose as the yields on bonds increased. Visa Inc and MasterCard Inc fell more than 2% after Canada

U.S. GDP Expands 2.6%; U.S. Revises Internet Access Rules

Arthi Gupta
22 Dec, 2010
New York City

U.S. stock futures declined after third quarter GDP expanded at 2.6% but mortgage refinancing activity fell. TD Bank acquired Chrysler Financial for $6.3 billion. Jacobs Engineering agreed to buy Aker Solutions'' business unit for $675 million. Teradata agreed to acquire Aprimo for $525 million.

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