Mar 31, 2010 7:20 PM ET
Cnooc Ltd, the largest Chinese offshore energy explorer reported 2009 net declined 34% after oil prices dropped more than 70%. China Merchants Holdings second half net dropped 10%. Huawei Technologies 2009 net more than doubled.
Mar 31, 2010 6:40 PM ET
Stocks declined after February wages fell 0.6%. Wages fell primarily on fewer overtime hours and reduced manufacturing employment. Housing starts drop 9.3% to 56,527 units in February. In trading shipping companies closed higher on the expectations of rising freight rates.
Mar 31, 2010 6:04 PM ET
A rally in metals and oil failed to lift stocks after private employers cut more than expected jobs in February. Gold gained for the sixth quarter in a row and oil traded at 17-month high. Agriculture commodities declined after higher than expected level of inventories and planting.
Mar 31, 2010 11:01 AM ET
Stocks in Mumbai traded lower after rising for two weeks. February industrial output is expected to increase 16% from a year ago. Exports in the month surged 34.8% to $16.09 billion. Sugar crop in the current season is expected to surge 26% to 18 million tons.
Mar 31, 2010 7:47 AM ET
U.S. stocks drifted in the positive territory after consumer confidence index increased and home price index showed an improvement in large cities. European markets closed weak after Greece struggled with the sale of bonds and Iceland debt rating was revised lower. Apple, Verizon gained.
Mar 30, 2010 7:47 PM ET
Markets in Shanghai and Hong Kong closed up a fraction. Cheung Kong 2009 net profit rises 53%. Hutchison Whampoa Ltd 2009 net profit gained 12% and revenues declined 14% and Li Ka-Shing said he may consider raising dividend. China Construction Bank said it has no immediate plans to raise funds.
Mar 30, 2010 6:33 PM ET
Stocks in Japan closed higher after February unemployment rate was unchanged at 4.9% in February and industrial production declined 0.9% in month. Steelmakers in Asia finalized their short term contracts with iron ore producers that track spot prices instead of annual price contracts.
Mar 30, 2010 6:34 PM ET
Stocks in Mumbai traded lower after rallying for three days in a row. Rupee advanced to a nearly 2-year high with the steady flows of funds in the stock market. IL&FS Transportation surged 10% on the first day of its trading from its IPO.
Mar 29, 2010 5:53 PM ET
The benchmark indexes in Shanghai and in Hong Kong surged on strong earnings from China Construction Bank and China Resources Land Ltd. Geely completed the purchase of Volvo Cars from Ford Motor Company for $1.8 billion. PetroChina plans $60 billion of overseas expansion.
Mar 29, 2010 5:11 PM ET
Resurging confidence lifted commodities linked world markets from Canada, Russia, Brazil, to UK and Peru gained. Crude oil, copper and gold advanced after Greece prepared to offer bonds and Dubai guaranteed Dubai World loans.