Aug 11, 2010 9:35 AM ET
U.S. stocks decline after the Fed noted a slowdown in the economy and trade deficit widened in June. The International Energy Agency estimates an increase in global oil demand. EPIX and Netflix announce exclusive Internet-only deal to stream movies.
Aug 11, 2010 9:20 AM ET
Stocks in Shanghai recovered to close higher but indexes in Hong Kong closed lower after the U.S. Fed gave weak assessment of the economy. Inflation in China in July was reported at 3.3%, above the central bank target of 3%. Diamond imports in first half surges 92%.
Aug 11, 2010 9:12 AM ET
Stocks in Mumbai steadily fell to close lower after markets in Asia turned lower Tata Motor net surged on rising auto sales in India. Production at Mumbai refineries was normal despite the port closure for the third day in a row after a ship collision.
Aug 11, 2010 8:54 AM ET
Stocks in Japan dropped as the yen approached nearly 15-year high. Core machinery orders gained less than expected in June. Toyota and Nissan plants in South Africa face striking workers.
Aug 11, 2010 8:41 AM ET
Stocks in Australia declined after weak economic data from the U.S. and China. Consumer confidence rose for the second month in a row. Commonwealth Bank reported a 42% surge in full year profit but issued a cautious outlook.
Aug 11, 2010 8:17 AM ET
Federal Reserve confirmed its plan to use its funds to purchase Treasury securities. The move was widely anticipated and the broader U.S. indexes recovered from the lows. The latest Fed action only highlights the protracted nature of the U.S. economic recovery.
Aug 10, 2010 12:04 PM ET
U.S. stocks traded lower after commodities and resource stocks declined. China said July imports grew at the slowest pace in a year. Fossil, Inc surged after first quarter sales increased 30%. McDonald’s July same store sales increased 7%. MBIA Inc quarterly net increased.
Aug 10, 2010 11:40 AM ET
The UK indexes decline after worries that imports fell in China. Commodities declined and resource stocks followed. The UK trade deficit narrowed and home prices surged in June. Irish manufacturing output growth slows in June. BP Plc makes initial deposit of $3 billion in oil spill escrow trust.
Aug 10, 2010 10:39 AM ET
The European indexes fall after China said imports grew at the slowest pace indicating that the economy may be slowing down. German wholesale price inflation rises 5.3% in July. French industrial production decelerates in June. GDF Suez agrees to merge with International Power.
Aug 10, 2010 9:50 AM ET
Stocks in Mumbai closed lower after fluctuating several times tracking losses in Asia. Government reduced the mandatory requirements of shareholding for state-owned public companies to 10% from 25%. Mumbai port remains closed for the second day after an accident-led oil spill.