Jan 04, 2010 11:48 AM ET
UK stocks edged higher as metals added to the gains of the last week. Manufacturing index increased in December and mortgage approvals expanded. Gilts held firm ahead of rate and bond program decision this Wednesday.
Jan 04, 2010 11:08 AM ET
Stocks in India gained on the expectations of faster economic growth in the current fiscal year and expanding manufacturing sector. Reliance Industries raised $575 million to purchase LyondellBasell Industries in a second sale of treasury stocks. Exports increased 18% in November.
Jan 04, 2010 10:36 AM ET
Novartis agreed to acquire Alcon Inc for additional $39.3 billion. The Swiss pharmaceutical giant will pay $28.1 billion to gain 52% stake from Nestle and $11.2 billion to minority share holders. The two-tier price offered by Novartis may not go well with independent directors at Alcon.
Jan 04, 2010 10:07 AM ET
U.S. stocks followed the gains in Europe and Asia. Two separate reports in China suggest a robust manufacturing expansion and India reported better than expected data. Crude oil and natural gas gained after record low temperatures in the U.S. and record snowfalls in China and Korea.