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U.S. Stocks Rise; Geely, Ford Deal

Arthi Gupta
02 Aug, 2010
New York City

U.S. stocks gain after better-than-estimated earnings. BP establishes $100 million fund and prepares to permanently seal leaking oil well. Geely completes the purchase of Volvo Car Corp. for $1.8 billion. The UAE joins Bahrain and India and may suspend BlackBerry messaging services from October.

Sensex Gains; ICICI Q1 Net Rises 17%

Chandrasekhar Atreya
02 Aug, 2010
New York City

Stocks in Mumbai gained the most in a month and a half led by the positive results of ICICI Bank. SEBI allows currency options on dollar-rupee exchange rate direction. Consumer Price Index for industrial workers rises in June. Berger Paints expands to double capacity.

China Surpasses Japan; Auto Sales Up 15%

Chandrasekhar Atreya
02 Aug, 2010
New York City

Stocks in China region rose extending the best monthly gain in one year on policy outlook. China overtakes Japan as the world

Nikkei Gains; July Vehicle Sales Up 15%

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

Stocks in Japan gained on earnings outlook. Former central bank deputy governor said targeting inflation is not the correct way to end deflation. Monthly wages rises in June. Sales of cars, trucks and buses rise 15% in July from a year earlier led by Toyota Motor and Honda Motor Co.

Sydney Gains; 7-Month Rise in PMI

Chandrasekhar Atreya
02 Aug, 2010
New York City

Stocks in Australia traded higher on strong earnings outlook. Housing boom slows in June. Manufacturing activity picks momentum in July. Most exporters do not use hedging as a tool as they expect the Aussie dollar to trade high.

World Stocks Falter on Slower U.S. GDP

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

U.S. economy in the second quarter expanded at a slower pace of 2.4%. Corporate earnings have been ahead of expectations but the economy has lost more than 8 million since 2007. Consumer sentiment index declined in July. Yields on 10-year bonds declined to 2.91%.

UK Consumer Confidence Drops

Arthi Gupta
30 Jul, 2010
New York City

The UK stocks decline after disappointing U.S. GDP data and a drop in consumer confidence, fifth monthly decline in a row in July. The financial regulator is ready to expand its authority that covers board remuneration. France based EDF agreed to sell its UK electricity network for $9 billion.

MetLife, Expedia Rise; First Solar, Merck Fall

Mayank Mehta
30 Jul, 2010
New York City

Thoratec Corporation led the decliners in the S&P 500 index with a loss of 16.5%. First Solar posts lower profit and lifts outlook. Amgen reports largely flat earnings. Expedia Inc. second quarter profit soars. Chevron net income triples to $5.4 billion.

European Markets Slide; CPI Up 1.7%

Arthi Gupta
30 Jul, 2010
New York City

The European markets decline amidst concerns of slow economic growth in the U.S. Euro-zone unemployment rate flat at 10% in June and CPI rises 1.7% in July. Moody''s lowers Iceland government bond ratings to negative from stable.

Slower GDP Growth Drags U.S. Stocks

Darlington Musarurwa
30 Jul, 2010
New York City

U.S. stocks decline after GDP expanded at a slower pace 2.4% in the second quarter from the revised 3.7% rate in the first quarter. Bullard warns U.S. at risk for Japanese-style deflation. The IMF says massive policy response aids U.S economic recovery. Disney agrees to sell Miramax Films.

Jamaica Sells Sugar Refineries to Complant

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

Jamaica finalizes the sale of final three sugar refineries to China based Complant International for US$9 million. The deal may pave for the build out of 200,000 tons ethanol refinery that may alleviate the imports of crude oil in Jamaica.

Sensex Declines; Mumbai Land Auction

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Mumbai fluctuated and closed lower. Textile ministry begins land auction to raise $1.1 billion. UltraTech plans Capex of Rs 12,000 crore in the next five years. Ashok Leyland plans to pick 26% stake in U.K.-based Optare.

China Region Stocks Drop; Zijin VP Detained

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in China retreated led by financials and steelmakers. China clears the takeover of Volvo Car Corp by Geely Holding. Charles River withdraws takeover offer of WuXi on the investors

Nikkei Dips; Toyota Recalls Expand

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Japan fell sharply with as many as 204 stocks retreating in the Nikkei 225 Stock Average on an increase in unemployment and a drop in core consumer price index. Toyota problems mount as recalls continue. Strikes in China affected 32 Japanese firms, a report by Asahi shows.

Sydney Slips; GrainCorp, AWB Deal Final

Chandrasekhar Atreya
30 Jul, 2010
New York City

Stocks in Australia retreated on cautious outlook at Macquarie Group. GainCorp agrees to buy AWB and form Australia

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