Aug 16, 2010 9:35 AM ET
U.S. stock trade lower after Japan reported second quarter GDP expanded at 0.1%. China, now the second largest economy in the world after Japan recorded smaller GDP in the second quarter. Dell agreed to buy 3PAR for $1.15 billion. Lowe''s earnings rose 9.6% but lowers forecast.
Aug 16, 2010 7:58 AM ET
Stocks in Mumbai traded lower on mixed earnings and weak global markets sentiment. Wholesale inflation declined to a six month low in July after food price inflation fell. Vedanta agrees to buy as much as 60% stake in Cairn India. SKS Microfinance surges 18% on first day in trading.
Aug 16, 2010 6:38 AM ET
Stocks in China gained the most in a week led by healthcare and banking companies while those in Hong Kong echoed mainland sentiments and gained modestly. China’s second quarter economic output surpasses that of Japan. Agricultural Bank of China completes the world’s largest public offering.
Aug 16, 2010 6:24 AM ET
Stocks in Tokyo trading declined after June quarter GDP expanded at 0.1%, slower pace than the previous quarter. The quarterly GDP also fell below that of China’s. Toyota Corp retained its number one position in auto sales in the first half.
Aug 16, 2010 6:06 AM ET
Stocks in Australia fell on U.S. ahead of uncertainty in federal election. U.S. based Agrium Inc offered 50% more for AWB Limited that may force Canada based GrainCorp to revise its offer. Newcrest Mining second half profit jumps threefold.
Aug 13, 2010 4:00 PM ET
U.S. stocks traded sideways after retail sales and consumer price index increased in July. Yields on 10-year and 30-year bonds trade near record lows as bonds rise for the third week in a row. Crude oil declined. Benchmark indexes in the U.S. are down between 2% and 5% for the year.
Aug 13, 2010 3:04 PM ET
Stocks edged lower in New York trading and nearly half the stocks in the Dow and the S&P 500 index declined. Nordstrom, Inc plunged 5% after it reported lower than expected earnings. Nvidia Corp gained 4% after quarterly loss widened.
Aug 13, 2010 11:13 AM ET
The UK indexes gained a fraction after construction industry expanded. The increase in the construction spending may boost second quarter GDP. Aviva rebuffed RSA Insurance''s $7.8 billion offer for general insurance business. BP agreed to pay $50.6 million fine for Texas oil refinery explosion.
Aug 13, 2010 10:44 AM ET
The European indexes pared early gains amidst concerns of global economic recovery. Euro-zone trade balance turned surplus of €2.4 billion in June and GDP accelerated 1% in the second quarter. German GDP expanded at 2.2% in the second quarter.
Aug 13, 2010 9:37 AM ET
U.S. stocks decline after CPI rose 0.3% and retail sales grew 0.4% in July. India may demand Google and Skype messaging services to comply with tighter monitoring as it tightens security measures. Nordstrom quarterly sales increased 12.7% and net surged 38.6%.