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Bank of Japan Trims GDP Outlook; Nikkei Drops1.8%

Chandrasekhar Atreya
29 Oct, 2010
New York City

A drop in industrial production index combined with a strong yen dragged Tokyo index lower by 1.8%. Bank of Japan trimmed economic outlook for 2010 and 2011. Nissan recalls 2.14 million vehicles worldwide. New housing starts rise 18% in September.

Queensland Coal Terminal Sale; Lawmakers Resist ASX Merger

Chandrasekhar Atreya
29 Oct, 2010
New York City

Shares in Sydney declined today but gained for the week and month. Queensland puts Abbot Point coal terminal for sale. Sale of new homes dropped in September and demand for credit remained weak. ASX Limited failed to convince lawmakers on the merger benefits with the Singapore Stock Exchange.

Energy Stocks Rise; Halliburton Drops; Gold, Silver Rally

Devan Biswas
28 Oct, 2010
New York City

U.S. stocks edged higher as the dollar declined. Earnings lifted trading sentiment in the U.S. and Europe. First Wind Holdings Inc canceled its public offering. Royal Dutch Shell and Exxon Mobil reported higher earnings. Futures of gold and silver rallied.

U.S. Movers: 3M, Allstate, Las Vegas Sands, Visa

Bikram Pandey
28 Oct, 2010
New York City

PMI Group dropped 9% on larger than expected loss. Symantec Corp gained on higher sales forecast. Teradyne dropped 8% after earnings missed expectations. Visa Inc Sales surged. Las Vegas Sands Corp reported better than expected adjusted earnings.

UK Home Prices Drop; AstraZeneca Profit Falls, Shell Sales Rise

Arthi Gupta
28 Oct, 2010
New York City

The UK indexes gained after high street sales rose and home prices fell more than expected in October. UBM priced $350 million bond offering. AstraZeneca net fell 27% as generic competition dragged performance. Shell earnings rose 7% as revenues grew on improving energy demand.

European Indexes Up; Banco Santander Net Falls, Daimler Profit Surges

Arthi Gupta
28 Oct, 2010
New York City

The European indexes rose after strong earnings. Euro-zone economic confidence rose in October. German jobless rate fell in the month and wholesale turnover rose in the third quarter. French PPI rose in September. Daimler AG earnings surged driven by higher unit sales.

India Signs Nuclear Convention; Sensex Drops

Chandrasekhar Atreya
28 Oct, 2010
New York City

Stocks in Mumbai seesawed to drop below threshold of 20,000. India signs the international convention for nuclear materials commerce. Qualcomm decides to exit BWA spectrum in India. India plans to start rare earth production in 2011 in Orissa.

U.S. Jobless Claims Falls to 3-Month Low; Visa Net Soars

Arthi Gupta
28 Oct, 2010
New York City

U.S. stocks traded higher after weekly jobless claims fell 21,000 to 434,000. Oracle acquired 10.2% stake in Mellanox. Williams Partners agreed to buy Williams Companies

India Movers: Bank of Baroda, Cummins, Kirloskar, SAIL

Mukesh Buch
28 Oct, 2010
New York City

Stock in Mumbai fell. Bank of Baroda rose 3% on net profit. Cummins India surged 4.8% after net profit increased 91.4%. Kirloskar Brothers slumped 3.7% after net tumbled 89%. Steel Authority of India Limited declined 4.6% and profit tumbled 34.5%.

Nikkei Drops; Japan Retail Sales Grows 1.2%

Chandrasekhar Atreya
28 Oct, 2010
New York City

Stocks fell for the fourth day in Tokyo on the weakness in resource stocks. Bank of Japan said it will consider asset purchase expansion if the economy situation warrants. Retail sale increased 1.2% in September.

Banks in China Report Higher Earnings

Chandrasekhar Atreya
28 Oct, 2010
New York City

Stocks in Shanghai remained little changed after banks reported sharply higher prices. Bank of China earnings rose 29% and AgBank earnings gained 30%. Most airlines passed on recently revised higher fuel prices to consumers. Home buyers in Shanghai and other cities are deterred by elevated prices.

Sydney Index Up 0.8%; ASX Takeover Faces More Hurdles

Chandrasekhar Atreya
28 Oct, 2010
New York City

Shares in Sydney rallied after ANZ Bank reported lower loan loss provisions. More lawmakers voiced their opposition to the acquisition of ASX Ltd. Senate vote clears to appointment of committee to investigate banking sector competition.

Fed Action Expectations, Earnings in Focus; Oil Down

Devan Biswas
27 Oct, 2010
New York City

U.S. stocks declined and European markets fell after investors dialed back expectations on the Fed

U.S. Movers: Aflac, DeVry, F5 Networks, Whirlpool

Bikram Pandey
27 Oct, 2010
New York City

Aflac Inc reported quarterly earnings nearly doubled helped by favorable exchange rate in Japan. DeVry Inc and F5 Networks Inc gained after companies reported better than expected earnings. Whirlpool Corp declined after weaker earnings in the U.S. and Europe.

GlaxoSmithKline

Arthi Gupta
27 Oct, 2010
New York City

The UK indexes edged lower after commodities stocks fell. GlaxoSmithKline finalized $750 million settlement with the U.S. Shell agreed to sell downstream businesses in Finland and Sweden. Interserve won contracts worth

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