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Japan GDP Expands 4.9%; Stocks Weaken

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
20 May, 2010
New York City

The gross domestic product of Japan expanded at 4.9% rate in the first quarter. Resona Holdings plans to buy back the government stake. Large firms to increase bonuses for the first time in two years.

Record U.S. Foreclosures; Stocks Fall

Mayank Mehta, Arthi Gupta and Darlington Musarurwa
19 May, 2010
New York City

U.S. stocks wobbled as European markets and commodities gyrated on weakness in the euro region. U.S. home mortgages rose to a record high to 4.63%. U.S. Fed lifted its economic growth outlook.

Euro Tumbles; Derivatives Volatile

Arthi Gupta, Mayank Mehta and Sanjay Barot
19 May, 2010
New York City

Markets in Europe fell and derivatives markets turned volatile after Germany extended ban on derivatives exposure without the collateral. The euro hit a four-year low against the dollar. EU construction rises 7.6% in March. China

FTSE Falls 2.4%; Rate Decision Unanimous

Arthi Gupta, Mayank Mehta and Sanjay Barot
19 May, 2010
New York City

U.K. stocks decline on concerns tighter regulation as Germany banned short-selling of some bonds. Bank of England was unanimous to keep rates at record low on May 10. Pearson plc buys Melorio. RBS announces sale of RBS Factor S.A. Land Securities, Experian PLC profits rise.

China Stocks Reach New Lows

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
19 May, 2010
New York City

Stocks decline led by property developers. CSCEC plans to build Shenzhen''s third tallest building. Nanjing Iron & Steel to acquire coal mining assets in Anhui. CNOOC confirms oilfield development deal in Iraq.

Australian Confidence, Stocks Drops

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
19 May, 2010
New York City

Australia

Deere, BJ

Mayank Mehta
19 May, 2010
New York City

Massey Energy Company led the decliners in the S&P 500 index with a loss of 5.6%. Analog Devices profit grows as sales rise 41%. Chico FAS net income more than doubles. Polo Ralph Lauren net income rises two-fold.

Nikkei Falls As Germany Restricts Shorts

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
19 May, 2010
New York City

Markets in Japan and Asia closed lower on the ongoing worries related to euro-zone. Six biggest banks in Japan total net profits soar to 1.13 trillion yen in 2009. Toyota recalls six Lexus models.

Sensex Drops 1.3%; Exports Rise 36%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
19 May, 2010
New York City

Stocks in Mumbai traded lower on euro-zone worries. Exports in April increased 36% to $16.9 billion. Mandhana Industries makes a lackluster debut. Bank of Rajasthan agreed to sell to ICICI Bank. Sanofi-Aventis and Pfizer are in talks to buy Piramal.

U.S. Inflation Contained; Euro Slides

Arthi Gupta, Mayank Mehta and Sanjay Barot
19 May, 2010
New York City

U.S. stock futures and world markets plunged sharply on fears about the impact the naked short selling ban imposed by Germany will have on the global markets. U.S. consumer price index falls 0.1% in April. Hewlett-Packard, Analog Devices, Deere net rises.

U.S. Stocks Decline, Weak Euro, Oil

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
18 May, 2010
New York City

U.S. stocks fell as the euro zone austerity measures weaken the euro to a four-year low. Germany is likely to take more measures to curb speculation in financial markets. Visa Inc, MasterCard, American Express and Capital One declined on tighter fees regulations.

European Markets Gain; Carrefour To Buy Ipek

Arthi Gupta, Mayank Mehta and Sanjay Barot
18 May, 2010
New York City

European markets edge higher after debt woes ease and euro-zone finance ministers vow to fix the region''s finances. Greece receives first tranche of EU bail-out loan. Euro-zone trade surplus increases to

Agilent, Kirkland

Mayank Mehta
18 May, 2010
New York City

Forest Laboratories, Inc. led gainers in the S&P 500 index with a rise of 4.7%. TJX Companies profit climbs 58%. Abercrombie & Fitch narrows quarterly loss. Home Depot net rises stronger-than-expected 41%. Agilent swings to second quarter profit.

UK Inflation Soars; Vodafone Net Surges

Arthi Gupta, Mayank Mehta and Sanjay Barot
18 May, 2010
New York City

UK stocks rise as commodity prices rebound and inflation hits 17-month high. AstraZeneca enters into an agreement with Teva Pharmaceuticals USA, Inc. SSL International drives fiscal year profit. Vodafone Group net profit surges 179%.

Sensex Recovers; L&T Net Jumps 26%

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
18 May, 2010
New York City

The Sensex index rallies after L&T reported 26% increase in earnings. Tarapur Transformers makes a muted debut. Aksh Optifibre gains on capital raising plan. Bharti Airtel recovers as Fitch removes it from negative watch. TCS declined on the talks of UK government may review outsourcing deals.

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