Feb 12, 2009 10:35 AM ET
In Mumbai trading stocks declined after industrial production fell. The index for production fell 2% in December from a year ago and is likely to remain weak for January month as well. The annualized measure of inflation at the end of January declined to 4.4% from 5.07% a week ago period.
Feb 11, 2009 9:14 PM ET
XL capital surges 61%. Applied Materials plunges on first quarter earnings. ArcelorMittal declined on fourth quarter loss. Choice Hotels International, Computer Sciences Corporation, Level 3 Communications Surge.
Feb 11, 2009 8:46 PM ET
Banks and financial rebounded. The U.S. Senate is prepared to vote for a bill that is smaller than the one passed by the House with fewer benefits for businesses. In trading, financials rebounding. Citigroup, Bank of America and Regions Financial gained more than 8%. XL Capital surged 61%.
Feb 11, 2009 6:50 PM ET
The British pound dropped against euro, yen and dollar as the Bank of England lowered its estimate of inflation and economic growth. The bank now estimates inflation to drop to 0.5% and economy to shrink at 4% annual rate in the first quarter. The pound continues to trade weak.
Feb 11, 2009 6:51 PM ET
Exports from China dropped 17.5% in January and imports plunged 43%. Total foreign trade surplus in the month surged 102% to $51.43 billion in the month. Stocks in Hong Kong dropped sharply on the weakness in financial on the lack of clarity in the U.S. bank bailout plan.
Feb 11, 2009 10:55 AM ET
The latest read on consumer confidence index in Australia showed a decline in February. Weak job market and falling home values contributed to the consumer anxieties. In trading, stocks edged lower with weakness in financials and miners.
Feb 10, 2009 8:41 PM ET
U.S. stocks dropped after Treasury Secretary disappointed investors with sketchy plan for bank bailout. He also proposed to release $2 trillion to banks under tighter conditions but did not say how he will fund the plan. Financials dropped sharply.
Feb 10, 2009 6:39 PM ET
European Stocks decline for the second day on the worries that the U.S. economic stimulus may not be enough and bank bailout efforts may fall short of expectations. UBS posts record 13 billion euro loss and cuts additional staff. After the close, U.S. indexes dropped more than 4%.
Feb 10, 2009 6:07 PM ET
Brooks Automation plunges on first quarter loss. Expeditors International, IntercontinentalExchange and Molson Coors Brewing Company surge. General Motors Corporation cuts 10,000 salaried jobs.
Feb 10, 2009 5:45 PM ET
The budget deficit in India forecasted to widen 6% in fiscal 2009 according to investment banker Kotak Mahindra Bank. India Tea Production Rises 4% to 981 million kilos in 2008. DLF jumped 8.4% to 151.60 rupees on news the company has secured long-term loans of about 2,000 crore rupees.