Jun 30, 2009 9:34 AM ET
Mumbai stocks fell ahead of budget announcements. Infrastructure stocks plunged after GMR shelved its plan to raise capital and Unitech was forced to sell warrants to founding investors group.
Jun 29, 2009 4:29 PM ET
Tokyo benchmark index fell 1% Daiwa Securities planned to raise $2.4 billion and Mizuho Financial Group plans to raise $6.2 billion. The industrial production index in May increased 5.9% in Japan. Shipping lines, brokerages and real estate companies led the decliners.
Jun 29, 2009 8:08 AM ET
Mumbai stocks traded sideways. Tata Motors dropped after it reported annual net loss. Suzlon net declined 10% and plans to raise $1 billion. Mahindra Holidays & Resorts IPO was oversubscribed ten times.
Jun 26, 2009 10:44 AM ET
Consumer prices in Japan fell sharply in April sparking worries that deflation may be anchored in the economy. The fall in exports, weak job markets and weak consumer demands are spurring price declines. Bridgestone revised its outlook for first half loss. Nippon Electric estimated Q1 profit.
Jun 26, 2009 9:33 AM ET
Stocks in India surged as investors expect higher infrastructure spending in the upcoming budget. The latest move by NSE to reduce lot sizes for stock futures also contributed to stock gains. Tata Motors and Tata Steel reported weaker than expected results. Jaguar and Land Rovers sales plunged.
Jun 25, 2009 5:49 PM ET
Fed Chairman was on a hot seat and had to defend his conduct at the time of Merrill Lynch takeover by the Bank of America. Bernanke denied that he interfered with the merger or forced the outcome. Republican lawmakers appeared not convinced by stock market surged ahead.
Jun 25, 2009 4:34 PM ET
Stocks in Tokyo trading jumped after the U.S. durable goods orders increased. The OECD forecasted deeper Japanese recession and slower recovery than earlier predicted. Exporters, machinery makers and trading companies led the gainers.
Jun 25, 2009 9:20 AM ET
Stocks in Australia rebounded after the IMF revised its economic outlook. The Australian dollar gained on the forecast. Energy related stocks closed higher. BHP Billiton may sell its nickel mining operations in Western Australia.
Jun 24, 2009 12:32 PM ET
Japanese exports fell 40.9% in May after falling 39.1% in April. The decline in exports to Asia and the U.S. was larger than expected. Investors overlooked the exports weakness and bid up electronics and machinery makers. Retailers fell on the worries that consumer spending is uncertain.
Jun 24, 2009 9:12 AM ET
Investors in Australia were cautious ahead of the U.S. rate decision. Gold and crude oil prices edged higher. Lion Selection and Catalpa Resources agreed to merge to create a mid-tier gold producer. On the last day of rights offering Rio Tinto share edged higher.