Feb 22, 2011 12:35 PM ET
U.S. indexes fell and world markets decline. Crude oil surged as oil companies begin to evacuate staff from Libya and European markets worry of energy supply disruptions. Chesapeake agreed to sell its shale assets to BHP for $4.75 billion. Home Depot and Wal-Mart earnings rose.
Feb 22, 2011 7:23 AM ET
Stocks in Mumbai declined tracking losses in Asia after crude oil prices surged more than 5%. Libya gained center stage as popular unrest threatens Col Muammar Gaddafi’s hold on power. The deal between Reliance Industries and BP Plc lifted fertilizer stocks. Airlines and automakers declined.
Feb 22, 2011 6:56 AM ET
Stocks in Shanghai fell sharply after crude oil futures surged and China vowed to maintain fuel prices stable. The announcement fueled speculation that more tightening measures may be carried out sooner than anticipated. Alibaba.com share dropped as much as 9%.
Feb 22, 2011 6:03 AM ET
The benchmark index in Tokyo plunged after oil prices rose sharply and in a surprise move Moody’s lowered its outlook on Japan’s debt. Crude oil futures increased 5% and tensions in Middle East and North Africa flare up and protests in Libya escalate. Automakers, shipping lines and banks declined.
Feb 22, 2011 5:37 AM ET
The benchmark index in Australia declined after tensions in Middle East and North Africa reach oil producing nations. BHP Billiton agreed to acquire shale gas leasehold from Chesapeake Energy for $4.75 billion. Sonic Healthcare fell after it lowered earnings outlook.
Feb 21, 2011 2:57 PM ET
Oil moved in focus as the popular uprising takes a serious turn in Libya, Yemen and Iran. Oil companies began to evacuate non-essential staff. Futures of crude oil surged as much as 4.8% and European indexes declined on the growing worries that supplies from Libya could be interrupted in the region.
Feb 21, 2011 10:57 AM ET
The UK indexes slid on civil unrest in Libya. Home prices surged 3.1% in February. BP inked $7.2 billion deal with India-based Reliance Industries. Diageo agreed to acquire Turkey-based Mey Icki for £1.3 billion. Shell agreed to sell African downstream business for $1 billion.
Feb 21, 2011 10:12 AM ET
The European indexes fell on escalating unrest in the Middle East. Euro area private sector activity strengthened and German business confidence improved in February. Canada-based Nordion divested Belgian operations. Merck revenues rose and TNT net surged.
Feb 21, 2011 6:04 AM ET
Stocks in Mumbai surged on the expectations of growth oriented budget and higher incentives for export oriented industries. The Sensex index added 1.2% and gold rallied for the seventh day in a row. Steel Authority plans to invest $12 billion to build four overseas steel plants.
Feb 21, 2011 9:19 AM ET
China indexes closed higher despite the increase in bank reserve ratios over the weekend. China lifted fuel prices for the first time in the year. Banks and airlines declined. The Shanghai index rose 1.1% and the Shenzhen benchmark index gained 2.1%.