Arthi Gupta
27 Jul, 2010
New York City
The UK indexes climb after European banks report positive earnings. BP Plc appointed Robert Dudley as its chief executive officer but posts $17 billion loss in the second quarter and plans to sell $30 billion of assets. Onex and Canada Pension Plan to buy Tomkins for $4.5 billion.
Mayank Mehta
27 Jul, 2010
New York City
Advanced Semiconductor Engineering, Inc. led gainers in the S&P 500 index with a surge of 20.7%. Arch Capital net income jumps. Fluor posts lower profit and lifts outlook. Legg Mason quarterly net income slips 4%. CIT profit up 46% and debt reduced. Office Depot second quarter loss narrows.
Arthi Gupta
27 Jul, 2010
New York City
European stocks surged after upbeat earnings from UBS and Deutsche Bank and watered down agreement at Basel Committee. German consumer confidence index gained. SAP AG reported quarterly net surged 15%. Euro-zone private sector credit growth improves and M3 money supply rises in June.
Chandrasekhar Atreya
27 Jul, 2010
New York City
Stocks in Australia gained helped by banks. Macarthur terminates venture agreement with China
Chandrasekhar Atreya
27 Jul, 2010
New York City
Stocks in Japan closed marginally lower and banks gained and yen traded at elevated level. Yahoo Japan and Google are in talks to partner for Internet search and ad business. Japan gives a $149 million loan to Kenya to build rice farms.
Arthi Gupta
27 Jul, 2010
New York City
U.S. stocks trade higher after European banks reported better-than-expected earnings. BP Plc appointed Robert Dudley as its chief executive replacing Hayward and $30 billion worth of assets sale. The Basel Committee finalized capital and liquidity reform only after watering down stringent proposals.
Chandrasekhar Atreya
27 Jul, 2010
New York City
Stocks in China fell for the first time in seven days on report that banks may suffer losses in infrastructure loans. Zijing trading remains suspended for the second day. Everbright Bank gets approval for IPO. Weekly sales of homes in Shanghai surges 44%.
Chandrasekhar Atreya
27 Jul, 2010
New York City
Reserve Bank of India lifted rates and said it will provide economic assessment every six weeks. Stocks in Mumbai traded higher. MakeMyTrip.com plans to raise $100 million through a listing in the U.S. Fortis decides to sell its minority stake in Parkway ending two month takeover battle.
123jump.com Staff
26 Jul, 2010
New York City
U.S. stocks closed higher on positive views on the economy. FedEx lifted its full year earnings view and new home sales surged 24% from the revised May sales. Banks in Europe led the gainers in the region after the release of stress test data. Asian markets closed mixed but retained positive bias.
Mayank Mehta
26 Jul, 2010
New York City
Beckman Coulter, Inc. led the decliners in the S&P 500 index with a loss of 21.1%. Clorox to sell its auto care products for $750 million. Lorillard second quarter net fall 8% on flat sales.
Arthi Gupta
26 Jul, 2010
New York City
The European markets gain after banking stocks rebounded on results of the stress tests. The CEBS accuses German banks of not furnishing full debt details. The economic index of the euro-zone rises in June. The Economy Minister of Germany estimated economy to expand at 2% in 2010.
Arthi Gupta
26 Jul, 2010
New York City
The UK indexes advance tracking gains in the U.S. indexes. The UK home prices fall 0.1% in July and the Bank of England noted that corporate debt markets deteriorated slightly. The UK Treasury awards more regulatory powers to the central bank.
Arthi Gupta
26 Jul, 2010
New York City
U.S. stocks trade lower and better than expected bank stress test results in Europe. Obama urged the U.S. Senate for an early passage of the small business bill. BP provided an update on the Gulf of Mexico oil spill and the oil giant reiterated there were no potential changes to management.
Chandrasekhar Atreya
26 Jul, 2010
New York City
Stocks in Mumbai traded lower on weaker than expected earnings from Maruti. Monsoon gains momentum. SKS Microfinance lifted its price range for public offering. EIL declined 13% after the company priced secondary offering below current market price.
Chandrasekhar Atreya
26 Jul, 2010
New York City
Stocks in China region rallied after investor sentiment gained on improving global economic outlook. Banks in China may struggle to recoup about 23% of the 7.7 trillion yaun loans for local infrastructure projects. Trading of Zijin Mining stocks have been suspended in Hong Kong and Shanghai.
