Oct 18, 2010 8:25 AM ET
Larsen & Toubro increased more than 1% after its second quarter net from operations increased 19.6%. Godrej Properties declined 3.6% after quarterly net fell 26.4%. HDFC Bank second quarter net surged 21.6%.
Oct 18, 2010 6:20 AM ET
Stocks in Mumbai recovered from the early fall as the Coal India offering received more than thirty percent of subscription. World’s largest diamond bourse starts in Mumbai. ArcelorMital halves the proposed investment in Jharkhand steel plant complex. ONGC makes two new oil and gas discoveries
Oct 18, 2010 5:37 AM ET
In the absence of global events and local economic news stocks declined in Shanghai and Hong Kong. China’s direct investments in overseas markets jump 10% for the first nine months of the year. Fiscal revenue of China rose 12% in September from a year ago.
Oct 18, 2010 5:27 AM ET
The open source solutions provider quarterly revenue rose 20% to $219.8 million. Net income in the quarter declined 18% to $23.7 million, which included a one-time tax benefit of $7.3 million. Earnings per share fell to 12 cents from 15 cents per share in the year-ago quarter.
Oct 18, 2010 5:20 AM ET
Stocks in Japan closed nearly unchanged and the yen traded at elevated level. Department store sales fell in September for the 31st month in a row. Japanese oil firm Inpex drops its Iran project in order to pursue energy development plans in Australia and other regions.
Oct 18, 2010 4:51 AM ET
Australian shares declined today and the dollar eased from its record high on Friday. BHP Billiton and Rio Tinto formally cancel the Pilbara iron ore venture as it faced regulatory hurdles from Australia, Korea, Japan and EU. Heavy rains in Queensland delays iron ore exports.
Oct 15, 2010 4:18 PM ET
U.S. stocks edged lower but tech stocks surged nearly 2.7% in the week. Investors stayed on the side lines after the release of mixed U.S. economic data and lower than expected revenues from GE. Banks may face more scrutiny as foreclosure process grinds to a halt. Inflation in Europe rose.
Oct 15, 2010 1:59 PM ET
The European indexes traded mixed after euro-zone annual inflation surged in September and trade balance widened in August. The ECB member Juergen Stark reiterated that monetary policy is appropriate. European car registrations fell in September.
Oct 15, 2010 1:55 PM ET
The UK indexes fell after weaker-than-expected U.S. economic data. Old Mutual said HSBC terminated offer talks for Nedbank. Metro Baltic Horizons agreed to sell 30.7% interest in Metro Plaza.
Oct 15, 2010 1:39 PM ET
Seagate Technology surged on the talks that the company may go private. General Electric declined after quarterly revenues declined 5%. Google soared 10% after it reported higher than expected adjusted earnings. Gannett Co. declined after quarterly revenues trailed market estimates.