Dec 11, 2009 1:31 PM ET
European markets closed higher. Club Mediterranee posts fiscal-year loss. Thales SA plans to save €1.3 billion in the next five years. K+S AG completed its offering to raise $1 billion.
Dec 11, 2009 12:57 PM ET
UK stocks wavered but closed higher. The producer price index increased 2.9% in November. Carillion gained 2% after it estimated sales increase of 10%. Resource stocks generally traded higher after China reported a surge in industrial activities.
Dec 11, 2009 11:56 AM ET
Resource stocks gained after commodities prices increased on the hopes that Chinese industrial growth will sustain the world demand. Christopher & Banks surged after less than expected quarterly sales decline. Retailers gained after government reported higher sales in November. NCR Corp increased on a broker upgrade.
Dec 11, 2009 11:22 AM ET
Finance Minister Mukherjee said that government is likely to meet its tax revenue collection target for the current fiscal year on higher direct tax collection. The Lok Sabha approved additional $5.5 billion in spending. Industrial output jumped 10.3% in October.
Dec 11, 2009 10:29 AM ET
U.S. stocks open higher after commodities and energy prices inch ahead in the early trading. November retail sales increased 1.3% from the revised October sales of 1.1%. November import price index increased 1.7% driven by a surge of 7.3% in fuel prices. Resource stocks trade higher in New York.
Dec 11, 2009 9:49 AM ET
Procter & Gamble agreed to acquire Ambi Pur and toilet care products from Sara Lee Corp for €320 million. The business generates operating earnings of €24 million. Sara Lee has been refocusing its product portfolio.
Dec 11, 2009 8:46 AM ET
Markets in Asia closed higher and in Europe traded up at mid-day. Stocks in New York are expected to open higher after Chinese industrial production and retail sales surged more than expected. Commodities in New York and London trade higher on China demand.
Dec 11, 2009 8:31 AM ET
Chinese industrial production soared 19.2% in November, trade deficit shrank to the lowest level in the year, retail sales increased 15.8% in the month and consumer prices increased for the first time since January. Industrial production in India also surged.
Dec 10, 2009 4:35 PM ET
U.S. stocks closed higher on the hopes that stable job markets may presage economic recovery maybe taking hold. Crude oil traded below $70 a barrel but managed to close higher. AOL Inc traded lower after it was split-off from Time Warner Inc. Goldman Sachs agreed to limit bonuses in stock payment.
Dec 10, 2009 3:50 PM ET
China took steps to control housing market speculation and imposed additional tax on property that is sold in less than five years. China extended tax rebate for the purchase of automobiles and home appliances. Automakers and electronics retailers increased in Shanghai trading.