ticker

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.

Moody

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

The European markets rise for a sixth consecutive session boosted by strong earnings from Alcoa. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook. German inflation eases in June to 5.1% and economic sentiment falls in July. French inflation slackens in June.

Australian Construction Growth Slows

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

Stocks in Australia traded lower after building industry growth slowed in Australia in June at the fastest pace in 10 months. Aspen makes a revised bid for Sigma Pharmaceuticals. Coal shipments from Newcastle port falls for the week.

RBA Holds Rate; Australian Surplus Widens

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

Reserve Bank of Australia left the key interest rate unchanged. Trade surplus widened in May. Aspen''s Sigma bid faces uncertain future. QBE Insurance Group acquires NAU Country Insurance. Australian dollar climbs on optimistic economic view from the Reserve Bank.

Infosys Falls; MBIA, Alcoa, CSX Rise

Mayank Mehta
13 Jul, 2010
New York City

CommVault Systems, Inc. led the decliners in the S&P 500 index with a loss of 26.5%. Plains All American boosts payout by 4%. Dr Pepper Snapple plans to buy back $1 billion in stock. Fastenal posts higher second-quarter profit.

Australia: Centennial Coal, CSR Ltd in Focus

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

Stocks traded lower in Australia. Thai Banpu agreed to pay A$2 billion for Centennial Coal Co. Singapore-based Temasek may take a stake in Jupiter Mines

Alcoa Lifts U.S. Stocks; Trade Deficit Widens

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

U.S. stocks trade higher on better-than-estimated earnings from Alcoa. U.S. trade deficit widens to $42.3 billion in May. Federal Reserve Chairman Ben Bernanke noted in a speech that bank lending to small businesses declined. Moody''s downgrades credit rating of Portugal but reaffirms stable outlook.

UK GDP Expands 0.3%

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

The UK indexes gained after GDP expanded and BP reported positive developments. The UK Q1 GDP expanded at 0.3% and borrowing increased in May. BP is negotiating sale of assets and clean-up costs rises to $3.5 billion. Standard Chartered agrees to buy Singapore-based commercial financing unit of GE.

Australia, Miners Agree on Revised Taxes

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

Resource stocks rallied after Australia and miners agree to revised lowered additional taxes for top 320 companies. Rio Tinto, BHP Billiton and Fortescue Metals make strong gains. Xstrata resumed work on its Queensland copper mine project.

Market Update