Dec 31, 2010 2:43 PM ET
World markets were subdued on the last day of trading. Commodities surged as copper and gold touched record highs and silver reached three decade peak. Emerging markets outperformed the developed markets with Peru, Indonesia, Philippines, Turkey, Russia and India leading.
Dec 31, 2010 7:09 AM ET
Stocks in Mumbai continued to rise for the third day in a row. The Sensex index gained 17.3% in 2010 as economy rebounded and international fund flows continued. Sahara Group acquired London based Grosvenor House for $726 million.
Dec 31, 2010 6:07 AM ET
Shanghai key benchmark index gains more than 2% for the day but lost 14.31% in 2010. Hang Seng index rose 5.3% in the year. China steps up scrutiny of recently sold but undeveloped land and seized at least two land parcels from developers. Non-ferrous metals international trade surged 46.5%.
Dec 30, 2010 5:41 PM ET
U.S. stocks traded lower as weekly jobless claims declined below 400,000 and the index of pending home resale increased 3.5% in November. Venezuela devalued bolivars against the dollar by 40%, the second devaluation in the year. Crude oil closed lower.
Dec 30, 2010 5:44 AM ET
Stocks in Mumbai rallied tracking gains in Asia. Investors are looking for a sustained economic expansion in 2011 as commodities hover near highs for the year. Sensex in the year is up 15%. Food and fuel prices surge in the latest read on inflation.
Dec 30, 2010 4:30 AM ET
Hong Kong’s benchmark index edged closer to 23,000, while mainland indexes stayed nearly unchanged. China fines several banks for facilitating hot money inflow into the country. China’s manufacturing growth slows in December.
Dec 30, 2010 8:30 AM ET
Stocks in Tokyo lost more than 1% after the yen strengthened to a seven-week high. For the year the benchmark index declined 3%. Trading volumes on the Tokyo Stock Exchange is likely to drop for the third year in a row and to six year low.
Dec 29, 2010 3:35 AM ET
U.S. indexes closed higher after the dollar edged lower. Crude oil price declined by hovered near 28-month high. Gold and silver traded at 3-decade high. Copper touched intra-day high. Treasury auction of 7-year bonds attracted a strong interest.
Dec 29, 2010 9:37 AM ET
Stocks in Mumbai surged more than 1% on higher traded volumes ahead of the derivatives contracts expiry on Thursday. Punjab and Sind Bank fixed its public offering price. Record grain harvesting is expected in the current fiscal year surpassig the previous record in 2009.
Dec 29, 2010 5:23 AM ET
Stocks in Tokyo gained on earnings outlook. Holdings of Japanese government bonds by overseas investors surged 6% to 57.5 trillion yen in the September quarter. Purchase of television sets surges 255% in November ahead of expiry of government incentives.