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Sydney Stocks Rise on Stronger Commodities Prices

Chandrasekhar Atreya
21 Dec, 2010
New York City

Australian stocks traded higher led by surging mining stocks after commodity prices reached a 27-month high. Policy Transition Group releases a list of recommendations on MRRT. Ramsay Healthcare revised higher full-year profit outlook.

India, Russia Target $20 Billion in Trade; Sensex Surges 0.9%

Chandrasekhar Atreya
21 Dec, 2010
New York City

India and Russia expanded trade relations and increased defense, space and energy and power sectors cooperation. The two nations targeted $20 billion in bilateral trade in five years. Stocks in Mumbai surged tracking gains in Asia.

World Markets Struggle on Merger Monday

Bikram Pandey
20 Dec, 2010
New York City

World markets traded sideways. U.S. indexes declined as the euro slid after Irish banks faced another round of downgrade and Asian markets declined on the rising tensions between Koreas. Merger Monday saw Qualcomm Inc agreed to sell its wireless spectrum for $1.93 billion to AT&T Inc.

UK Mortgage Lending Drops; Unilever Completes Alberto Culver Purchase

Arthi Gupta
20 Dec, 2010
New York City

The UK indexes climbed after mortgage lending declined in November. Alberto Culver stockholders approved merger with Unilever. Ladbrokes proposed to buy 888 Holdings.

U.S. Movers: eBay, Ultrapetrol, Chesapeake

Mukesh Buch
20 Dec, 2010
New York City

Chesapeake Energy surged after activist investor Carl Ichan lifted his stake in the company. Ultrapetrol Bahamas declined after the company plans to sell convertible notes of $60 million. Sunstone Hotel Investors dropped as much as 6% ater chief executive resigned.

Spain Comments Lift Indexes in Europe; VimpelCom Merger on Hold

Arthi Gupta
20 Dec, 2010
New York City

The European indexes climbed after euro-zone current account deficit narrowed in October. German producer price index rose. French leading index climbed. The OECD noted that Spain needs to improve government finances and job creation. Hungary unexpectedly hiked key rate.

U.S. Futures Higher, eBay Acquires Fashion Site; Talisman, Sasol Deal

Arthi Gupta
20 Dec, 2010
New York City

U.S. stock futures gained after tensions escalated in the Korean peninsula. Sara Lee contemplated selling itself to Brazil-based JBS for more than $10 billion. eBay agreed to acquire Germany-based brands4friends for about $200 million. Australia based Perpetual ended takeover talks with KKR.

India Movers: EIH Ltd, Claris Lifesciences, Hero Honda, Mundra Port

Mukesh Buch
20 Dec, 2010
New York City

EIH Limited received the regulatory approval for nearly $300 million rights issue. IDFC agreed to sell 25% stake to France based Natixis Asset Management. Tata Chemicals UK arm agreed to acquire UK based British Salt.

India Stocks Recover; India Holds 11% of World Gold

Chandrasekhar Atreya
20 Dec, 2010
New York City

Mumbai stocks gained in the evening aided by gains in automobile and technology stocks. Tata Chemicals agreed to acquire British Salt for ₤90 million. Indians now holds about 18,000 tons of gold, world

China Region Indexes Tumble; Profits at SOEs Surge 43%

Chandrasekhar Atreya
20 Dec, 2010
New York City

China key stock indexes drop on concerns of Korean tensions and rising debt crisis in Europe. Profits at state-owned enterprises surged 43% till November. Changsha Zoomlion Heavy Industry places priced its public offering in Hong Kong at the lower end of its price range.

Nikkei Drops 0.9%; Steel Production Estimated Flat

Chandrasekhar Atreya
20 Dec, 2010
New York City

Tokyo stocks dropped the most in a month on a stronger yen against the euro damping outlook for exporters. Rising tensions in the Korean peninsula contributed to the market jitters. Crude steel production is expected to stay flat in 2011.

Australian Retailers Face Worst Holiday Season in Two Decades

Chandrasekhar Atreya
20 Dec, 2010
New York City

Stocks in Australia fell as the markets in the region declined after South Korea conducted live military exercises. Australian retailers face the bleakest holiday season as consumers seek deals overseas online. Australia released the much awaited broadband report. Crane Group, the building products company, rejects the hostile offer of Fletcher Building.

S&P 500, Dow Indexes at 2-Year Highs; AT&T Lifts Dividend

Bikram Pandey
17 Dec, 2010
New York City

U.S. retailers were in focus as investors revise higher holiday sales expectations. The index of leading indicators increased in November as economic momentum builds. AT&T lifted dividend 2.4% and planned to buyback 300 million shares. For the week, the Dow up 0.8% and the S&P 500 added 0.4%.

UK Confidence at 20-Month Low; Ireland Rating Cut

Arthi Gupta
17 Dec, 2010
New York City

The UK indexes declined after Moody

U.S. Movers: Oracle, Research in Motion, Take-Two Interactive

Mukesh Buch
17 Dec, 2010
New York City

Accenture, first quarter total revenues increased 13% to $6.48 billion. ITT Corp., forecast total revenue for fiscal 2011 approximate $11 billion. Oracle, second quarter revenues surged 47% to $8.58 billion. Research In Motion, third quarter revenue increased 40% to $5.49 billion.

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