Aug 12, 2010 8:01 AM ET
Stocks in Mumbai closed little changed despite SBI reported a 25% increase in quarterly profit. Industrial production increased at a slower pace in June. Reserve Bank of India is reviewing its policy to issue additional bank licenses and may require minimum capital of $250 million.
Aug 12, 2010 7:32 AM ET
Stocks in China region tumbled for the second day on global outlook. Consumer confidence rises in the second quarter with the rural areas benefitting from a rise in government spending. Hong Kong Exchanges and Clearing Ltd reported 3% increase in first half.
Aug 12, 2010 7:14 AM ET
Stocks in Japan dropped pushing the benchmark index down 20% in the year, signifying a bear market phase. Orders for steel products rose 6% in June. Total outstanding commercial paper debt reaches the 10 trillion yen.
Aug 12, 2010 6:59 AM ET
Stocks in Australia fell further after unemployment in July increased to 5.3%. Coal exports increased from Newcastle port helped by drier weather. AGL Energy plans to expand in renewable energy projects.
Aug 11, 2010 4:12 PM ET
U.S. indexes dropped between 2% and 3% after the Fed estimated weaker economic recovery and provided another stimulus. Investors sold stocks on the global economic worries after economic data from China, UK and Japan indicated weak outlook. Gold gained 1% and oil declined more than 2%.
Aug 11, 2010 11:42 AM ET
Stocks in New York trading dropped sharply after the Dow and S&P 500 index declined more than 2%. A123 Systems plunged 10% after it reported higher than expected loss. Walt Disney sales rose 16% and quarterly net surged 40%. Macy’s quarterly sales increased 7%.
Aug 11, 2010 11:26 AM ET
The online retailer net sales increased 41% to $6.57 billion in the quarter. Net quarterly income surged 45% to $207 million driven primarily on significant growth in electronics sales. Earnings per share rose to 45 cents as against 32 cents in the prior-year quarter.
Aug 11, 2010 11:23 AM ET
The UK indexes drop after the BoE forecasted inflation above 2% and weak economic growth outlook. The jobless allowance claimants fell 3,800 and consumer confidence plunged in July and mortgage lending rose in June. Balfour Beatty secured construction contract at Heathrow Airport of £460 million.
Aug 11, 2010 10:33 AM ET
The European markets dropped after the U.S. Fed noted that the U.S. economy may recover at a slower pace than expected. S&P upgraded the long term foreign currency debt outlook for Czech Republic. Portuguese inflation rose 1.8% in July. French current account deficit narrowed in June.
Aug 11, 2010 9:44 AM ET
EPIX and Netflix, Inc. announced an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.