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Sydney Gains; Macarthur Coal Sales Drop

Chandrasekhar Atreya
28 Jul, 2010
New York City

Stocks in Australia gained after consumer price index increased slower than expected. BlueScope Steel and Japan

Nikkei Gains 2.7%; Nippon Steel Sales Up 30%

Chandrasekhar Atreya
28 Jul, 2010
New York City

The benchmark index in Japan surged 2.7% on strong earnings both at home and abroad. Nippon Steel returns to profit in first quarter. Nissan Motor is planning to boost vehicle output in the U.S.

China Stocks Rally on Strong Earnings

Chandrasekhar Atreya
28 Jul, 2010
New York City

Stocks in China rallied on better than expected earning of industrial enterprises in 24 regions across the nation. Investment in equities rises in the second quarter by 32%. Swire Pacific abandons plan to acquire Haeco. Chalco suspended trading of shares till July 30.

U.S. Stocks Weak; Boeing Sales Drop 9.2%

Arthi Gupta
28 Jul, 2010
New York City

U.S. stocks trade lower amidst worries of a slowdown in global economic recovery. U.S. durable goods orders fall in June and mortgage demand slackens. Praxair and WellPoint report better-than-estimated second quarter earnings but Boeing sales and net declines.

Sensex Declines; RIL Net Surges 32%

Chandrasekhar Atreya
28 Jul, 2010
New York City

Stocks in Mumbai traded lower in the session. Reliance Industries closed unchanged after net surged 32% and face a stagnant natural gas production. Aban Offshore soared 7% after it received $235 million insurance settlement.

Intel Q2 Earnings Call Transcript

123jump.com Staff
28 Jul, 2010
New York City

The semiconductor chip maker quarterly revenue rose 34.3% to $10.77 billion from $8.02 billion a year ago. Net income in the quarter was $2.89 billion or 51 cents per diluted share compared to a net loss of $398.0 million or 7 cents per share a year ago.

JPMorgan Chase Q2 Earnings Call Transcript

123jump.com Staff
28 Jul, 2010
New York City

The financial services provider quarterly revenue fell 2% to $25.1 billion from $25.6 billion a year ago. Net income in the quarter rose 77.8% to $4.8 billion or $1.09 per diluted share compared to net income of $2.7 billion or 28 cents per share a year ago.

U.S. Indexes Up; Optimism in World Markets

123jump.com Staff
27 Jul, 2010
New York City

U.S. stocks struggled to advance after consumer confidence declined. Treasury auction drew higher than expected interest, however short and long term yields rose. BP Plc estimated $32 billion in costs related to the Gulf of Mexico oil spill and announced $30 billion in asset sale.

UK Indexes Gain; BP $30 B in Asset Sale

Arthi Gupta
27 Jul, 2010
New York City

The UK indexes climb after European banks report positive earnings. BP Plc appointed Robert Dudley as its chief executive officer but posts $17 billion loss in the second quarter and plans to sell $30 billion of assets. Onex and Canada Pension Plan to buy Tomkins for $4.5 billion.

UBS, DuPont, Cummins Gain

Mayank Mehta
27 Jul, 2010
New York City

Advanced Semiconductor Engineering, Inc. led gainers in the S&P 500 index with a surge of 20.7%. Arch Capital net income jumps. Fluor posts lower profit and lifts outlook. Legg Mason quarterly net income slips 4%. CIT profit up 46% and debt reduced. Office Depot second quarter loss narrows.

UBS Surges 10%, Banks in Europe Rise

Arthi Gupta
27 Jul, 2010
New York City

European stocks surged after upbeat earnings from UBS and Deutsche Bank and watered down agreement at Basel Committee. German consumer confidence index gained. SAP AG reported quarterly net surged 15%. Euro-zone private sector credit growth improves and M3 money supply rises in June.

Sydney Gains; Macarthur Cancels Citic Deal

Chandrasekhar Atreya
27 Jul, 2010
New York City

Stocks in Australia gained helped by banks. Macarthur terminates venture agreement with China

Nikkei Drops; Rising Yen Affects Exports

Chandrasekhar Atreya
27 Jul, 2010
New York City

Stocks in Japan closed marginally lower and banks gained and yen traded at elevated level. Yahoo Japan and Google are in talks to partner for Internet search and ad business. Japan gives a $149 million loan to Kenya to build rice farms.

U.S. Stocks Gain; Basel Softens Reforms

Arthi Gupta
27 Jul, 2010
New York City

U.S. stocks trade higher after European banks reported better-than-expected earnings. BP Plc appointed Robert Dudley as its chief executive replacing Hayward and $30 billion worth of assets sale. The Basel Committee finalized capital and liquidity reform only after watering down stringent proposals.

Shanghai Falls; Everbright Wins IPO Approval

Chandrasekhar Atreya
27 Jul, 2010
New York City

Stocks in China fell for the first time in seven days on report that banks may suffer losses in infrastructure loans. Zijing trading remains suspended for the second day. Everbright Bank gets approval for IPO. Weekly sales of homes in Shanghai surges 44%.

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