ticker

Sensex Gains 1%; Widespread Rains in India

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
06 Jul, 2010
New York City

Stocks in Mumbai rallied 1% after monsoons rains spread to the rest of India. Cairn India crosses 100,000 barrel per day production mark in Mangala oilfield. MTNL rises on demand for reimbursement of spectrum fee. Ashok Leyland lifts truck sales guidance.

India Lifts Rates; Reliance Power, RNRL Merger

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
05 Jul, 2010
New York City

Stocks in Mumbai traded lower after the central bank lifted the key interest rate on Friday. Service industry index rises to a two-year high in June. Reliance Natural Resources merges with Reliance Power. Hindustan Media Ventures IPO opens for subscription.

Sensex Slips; RCom Acquires Digicable

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
02 Jul, 2010
New York City

Stocks in Mumbai traded lower. Reliance Communication acquires Digicable in all stock deal. Reliance Power gains after the U.S. based Exim Bank approve $600 million loan. Kesoram board approves $300 million expansion of its cement plant. Indraprastha Gas soars after raising PNG price.

Tiffany & Co. Q1 Earnings Call Transcript

123jump.com Staff
13 Jul, 2010
New York City

Sales rose 22% to $633.6 million and net income rose 165% to $64.4 million or 50 cents a share. On a constant exchange rate basis, America''s sales increased 20% and comps rose 15% versus a comp decline of 32% last year. Operating margin rose to 16.6% in the quarter versus 11.5% last year.

Sensex Drops; Trade Deficit Surges

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
01 Jul, 2010
New York City

Stocks in Mumbai declined after current account deficit surged to 2.9% of GDP. India levies carbon tax on coal producers from today. Parabolic Drugs falls below IPO price. BAG Films gains on news it may sell stake and fund sports channel in Hindi.

China Extends Resource Tax

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jul, 2010
New York City

Stocks in China fell after resource tax was extended to cover mines across China. Hong Kong stocks rallied tacking gains in the U.S. Chongqing Iron & Steel said first half output surged 24.7%. Dongfeng Auto sales in the first-half soared 56%.

Hewlett-Packard Q2 2010 Earnings Call Transcript

123jump.com Staff
06 Jul, 2010
New York City

Sales rose 12.4% to $30.8 billion and net income rose 29.4% to $2.2 billion or 91 cents a share. operating margins of 11.2% were up 80 basis points over the prior year. Operating expenses increased 5% to $3.8 billion.

China Region Mixed Trading

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
07 Jul, 2010
New York City

Stocks in China gained but in Hong Kong fell. China is proposing a price-based resource tax in western provinces. Agbank completes subscription period for its public offering. Everbright Securities to establish 15 new sales offices.

China Stocks Rally; Agbank to Price IPO

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
06 Jul, 2010
New York City

Stocks in China region rallied boosting other exchanges in Asia. Chalco plans to seek bank loans as market drop delays share sale. Taiwan and China may set up omnibus clearance mechanism. China Vanke sees 27.9% rise in property sales in June. Yutong Bus sales rises 49% in first-half.

China Stocks Drop on Auto Sales, Services Data

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
05 Jul, 2010
New York City

Stocks in China and Hong Kong declined after the expansion in the services sector and auto sales growth slowed in June. Anshan Steel buys stake in Jien Nickel. BoC unveils rights issue recapitalization plan. Carlsberg reaches impasse with Chongqing Brewery Co.

UK Indexes Rally on BP Hopes

Arthi Gupta, Mayank Mehta and Sanjay Barot
13 Jul, 2010
New York City

The UK indexes rise on optimistic earnings data from the U.S. and encouraging news from BP. Inflation slips to 3.2% but retail sales rise in June. British home price growth in June records lowest level in eleven months. The BoE policy maker Andrew Sentance urges

7-Day Decline in China Indexes

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
01 Jul, 2010
New York City

Stocks in China fell for the seventh straight day after a report showed that manufacturing declined more-than-expected in June. Many provinces and cities in China raise minimum wages. Aluminum Corp of China cuts spot alumina price. BoC extended $23 billion bonds maturity.

AnnTaylor Q1 2010 Earnings Call Transcript

123jump.com Staff
08 Jul, 2010
New York City

Sales rose 11.6% to $476.2 million and net income was $22.6 million or 38 cents a share. comparable sales rose 14%. Gross margin rate for the quarter of 59.4% reflected an increase of 390 basis points above the 55.5% reported last year.Total SG&A expenses increased 2.2%.

Hang Seng Drops 1.1%; GM China Sales Rise

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
02 Jul, 2010
New York City

China stocks rallied moderately while stocks in Hong Kong declined 1%. China revises its 2009 economic growth to 9.1% from 8.7%. General Motors and its joint ventures sell more vehicles in China than U.S. in the first half of the year. Gujing Distillery forecasts first-half net profit to triple.

Jobs Data Fuel a Rally in Australia

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
08 Jul, 2010
New York City

Stocks in Australia rallied after the best quarterly job growth in June. The Australian dollar closed higher. Loading berths at two terminals closed in Hay Point port. Chalco is in talks with Rio Tinto to acquire a stake in Mongolia project.

Market Update