Aug 24, 2010 11:48 AM ET
The UK indexes fell on the momentum of global economic recovery. The UK mortgage approvals dropped in July. Xstrata agreed to acquire Sphere Minerals for $383 million. India rejected permission for a bauxite mining project by Vedanta.
Aug 24, 2010 10:57 AM ET
The chip maker revenue in the quarter rose 53.8% to $1.60 billion. Net quarterly income surged 1977% to $278.32 million helped by strong product demand within its Broadband and Mobile & Wireless segments. Earnings per share soared to 52 cents as against 3 cents a share a year ago.
Aug 24, 2010 10:01 AM ET
The European indexes traded lower amidst concerns over the pace of global economic recovery. Euro-zone industrial order growth slackened in June. Germany GDP expanded 2.2% in the second quarter to June and budget deficit rose in the first half.
Aug 24, 2010 9:35 AM ET
U.S. stocks declined amidst concerns of economic recovery. AIG repaid $3.95 billion in loans to the Federal Reserve Bank of New York. Trina Solar Ltd second quarter net soared 108%. Big Lots quarterly net soared 37%.
Aug 24, 2010 9:26 AM ET
Stocks in Mumbai trade down most of the day. State Bank of India expects to earn $2 billion in profit in the current year, record for any bank in India. Cairn India discovers oil and gas in KG basin. India rejects Vedanta’s bauxite mining proposal in Orissa.
Aug 24, 2010 6:12 AM ET
Stocks in China rallied for the first time in three days while in Hong Kong fell. Shipbuilding orders soar in China while sales of new homes in Shanghai drops in the first seven months. China Construction Bank first half net soared 27%.
Aug 24, 2010 6:00 AM ET
The benchmark index in Japan dropped and fell more 20% from its peak in April as the government struggles to revive aggregate demand and stem the rise of yen. Panasonic plans to expand China capacity flat screen TV capacity five-fold. Demand for new 20-year government bond firms up.
Aug 24, 2010 5:51 AM ET
Stocks in Australia fell on continuing election uncertainty. Melbourne water supply eases. AWB shareholders back takeover by Agrium Inc. Mako shares debuts strongly. Macarthur Coal Ltd is looking to raise A$450 million and annual earnings declined 26%.
Aug 23, 2010 4:06 PM ET
U.S. stocks search for direction and close lower in the final minutes. Merger activities in the U.S., Europe and Asia heat up and lift sentiment in the morning. Nikkei Stock Average in Japan dropped to the low for the year as the yen hover near recent high.
Aug 23, 2010 11:41 AM ET
The UK indexes rose after HSBC agreed to buy a majority stake in Nedbank Group. BP announced open water fishing operations. Verizon Wireless completed the acquisition of Centennial Communications assets.