Jan 21, 2010 8:45 AM ET
Markets in Asia and Europe were on the defensive after China reported fourth quarter economic expansion of 10.7%. In 2009, economy grew at a rate of 8.7%, above 8% target rate. Metal prices fell in London trading on the worries that China will issue more measures to tighten lending.
Jan 21, 2010 8:24 AM ET
The Sensex index in India dropped 2.4% after wholesale inflation index surged and Larsen & Toubro lowered its sales outlook. Reserve Bank of India may be forced to increase rate at its meeting on Jan 29. Rupee declined. Kotak Mahindra quarterly net surges 153%.
Jan 20, 2010 6:43 PM ET
Markets in Hong Kong and Shanghai dropped sharply after regulators seek to curb lending by 22% in 2010. Home prices are expected to increase at least 10% in mainland China and Hong Kong. Property price index in Hong Kong surged 33% in 2009, leading the world real estate prices.
Jan 20, 2010 6:01 PM ET
Stocks in Japan traded flat as investors await earnings from banks, exporters and trading companies in few weeks. Resource stocks showed a negative bias. Japan demand for services fall 0.2% in November. Tokyo condo supply falls 16.8% in 2009.
Jan 20, 2010 5:27 PM ET
Mumbai stocks closed flat as investors digest earnings. HDFC third quarter net profit increases 23% and quarterly net at India Infoline doubled. JSW Steel Ltd more than doubled on sales rise of 47%. Diamond exports in December increased 45% from a year ago.
Jan 19, 2010 1:43 PM ET
JAL Corp, once the largest airline in Asia filed bankruptcy protection with $25 billion of debt. JAL will be delisted from the TSE wiping out shareholders and tax payers will shoulder $4.5 billion of debt burden.
Jan 19, 2010 1:32 PM ET
Stocks in India closed lower as the inflation is expected to run ahead of market expectations. The central bank is looking to expand currency future contracts. Reliance Capital is looking to sell minority stake sale to a foreign investor. NMDC, Hindustan Copper rise on government stake sale talks.
Jan 18, 2010 12:44 PM ET
Stocks in China closed mixed ahead of earnings season. Orient Overseas Ltd, battling a deep slump in container shipment traffic sold its China property development projects for $2 billion to Singapore based CapitaLand Ltd. Shanghai home sales plunged 53% in the first two weeks in January.
Jan 18, 2010 10:57 AM ET
Bank of Japan raises assessments in four of the nine regions. Japan industrial production increases 2.2% in November. Finance minister Kan pledges to fight deflation. Japan Airlines Corp is negotiating with Delta and American Airlines to secure a better deal as it prepares its restructuring filing.
Jan 18, 2010 10:18 AM ET
Stocks in Mumbai closed higher after Tata Consultancy Services Ltd quarterly net surged 33%. UltraTech Cement drops on poor quarterly earnings. Suzlon Energy wins order in Sweden. Jaiprakash Associates third quarter lower than expected net income.