Mayank Mehta
27 Oct, 2009
New York City
The Reserve Bank of India set the stage for higher rates and cited gathering inflation forces and strength in the banking balance sheets. Stocks in the broader market fell sharply as banks led the decliners. On the earnings front Tata Motors and Wipro gained but TV Today and United Spirits fell.
Mukesh Buch
27 Oct, 2009
New York City
Stocks gyrated in New York but markets in Europe, Canada, South America and Asia declined. Earnings related stocks were in focus. Steelmakers declined around the world after U.S. Steel swung to a loss. Mexico, Brazil and Shanghai dropped nearly 3% Japan and HK lost more than 1.5%.
Mayank Mehta
27 Oct, 2009
New York City
European markets declined in the region with banks leading the losers. ING Groep was suspended from trading on the NYSE Euronext. Dassault Systems intends to acquire certain software related assets from IBM. Daimler Benz net plunged 80%. Michelin SCA quarterly sales fell 11%.
Mayank Mehta
27 Oct, 2009
New York City
UK stocks in volatile trading edged higher. Commodities prices increased. Banks declined as investors feared tighter EU bailout conditions. BP Plc gained nearly 5% after it reported higher than expected earnings on tighter cost control. Reckitt Benckiser third quarter net increased 25%.
Mayank Mehta
27 Oct, 2009
New York City
TD Ameritrade third quarter net declined 9% on 1.3% rise in revenues. China based ADRs declined after a drop in the benchmark indexes in Shanghai and Hong Kong. Wynn Resorts, Limited led the decliners in the S&P 500 index with a loss of 8.5%. Potlatch Corp announces senior notes offering.
Darlington Musarurwa
27 Oct, 2009
New York City
U.S. stocks gyrated after the latest measure of consumer confidence showed a decline. Metropolitan home prices increased for the third month in a row as the tax incentives supported the market. Crude oil gained. BP plc reported better than expected earnings on cost control.
Darlington Musarurwa
26 Oct, 2009
New York City
China
Darlington Musarurwa
26 Oct, 2009
New York City
Japanese rail technology companies may benefit from new orders from China as it builds high speed links between Beijing, Shanghai and Guangzhou. Toyota Industries Corp. reviews full year profit forecast. JFE Holdings first half profit eases to 28.7 billion yen. Chiyoda Corp drops on revised outlook.
Darlington Musarurwa
26 Oct, 2009
New York City
Australian producer prices increased at 0.1% in September, smaller rise than expected. The prospects of interest rate increase at the next RBA meeting remain high. The largest sugar refiner, CSR Ltd. plans a rights offering of A$375 million.
Mukesh Buch
26 Oct, 2009
New York City
Home builders, banks and newspapers publishers closed lower. Banks fell on the worries that more capital may be needed to meet regulatory requirements. Home builders fell before the expiry of first-time home buyer tax incentives. Newspapers circulation decline accelerated in the last six months.
Mayank Mehta
26 Oct, 2009
New York City
Banks and insurers fell after cautious comments from Deutsche Bank. The nuclear reactor builder Areva SA completed
123jump.com Staff
26 Oct, 2009
New York City
UK stocks tracked the gains in commodities and energy prices. The legal outsourcing services provider CPA Global is likely to be acquired by a private equity firm for
Mayank Mehta
26 Oct, 2009
New York City
RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.5%. Alberto Culver Co profits exceed expectations. Bank of Hawaii Corp declares dividend. Lorillard, Inc quarterly net edged lower. China based Sohu.com and Changyou.com declined on earnings outlook.
123jump.com Staff
26 Oct, 2009
New York City
Mumbai stocks closed lower ahead of the Reserve Bank of India rate decision tomorrow. The RBI lowered its economic growth target to 6% from 6.5%. Maruti Suzuki quarterly sales surged 47%. Pantaloon Retail quarterly net increased 21%. Dena Bank, Canara Bank and ING Vysya earnings surge.
123jump.com Staff
26 Oct, 2009
New York City
Stocks in New York traded higher in the early trading after investors focused on earnings. Verizon reported higher earnings on cost cuts and net customer additions. Corning Inc net declined on 5% fall in sales. Markets in China and Japan edged higher.
