Jan 21, 2011 5:36 AM ET
Shanghai Indexes gain for the day but dropped more than 2.7% in the week. China’s budget deficit in 2010 was 1.6% of GDP well below the official target of 2.8%. China plans to double consumption of natural gas by 2015.
Jan 21, 2011 5:16 AM ET
Resource linked stocks in Tokyo led the indexes lower 1.5% today and 2.4% for the week. Transport Ministry plans to allot more slots to Chinese airlines at western Japan airports. Toshiba wins a 30 billion yen order to supply railcar parts to Washington D.C and Chicago metro.
Jan 21, 2011 5:03 AM ET
Stocks in Sydney dropped 1% in the week dragged down by weak resource stocks. Shipments at Hay Point terminal drop 22% in December and QR National trims its profit target for the year by 21%. Woodside Petroleum revenues rise 20% on record production at its North West Shelf LNG project.
Jan 20, 2011 4:02 PM ET
U.S. indexes fell on China worries and tech stocks led the market decline after cloud computing related companies fell. China’s fourth quarter growth accelerated and inflation worries prompted a weakness in commodities. Copper, silver and crude oil fell more than 2%. Gold edged 1.5% lower.
Jan 20, 2011 8:21 AM ET
Shanghai Indexes drop more than 2.8% while the index in Hong Kong drops 1.7%. China’s GDP expands at a better-than-expected 10.3% in 2010. The external outstanding debt of mainland China reaches $546.4 billion at the end of September.
Jan 20, 2011 8:07 AM ET
Stocks in Mumbai closed higher after fluctuating in negative territory. RBI relaxes debt restructuring norms for the micro finance sector. India and China top labor productivity table in 2010.
Jan 20, 2011 4:45 AM ET
Japanese stocks indexes declined 1% to 45-day low. Commercial banks were the net buyers of long-term corporate and municipal bonds for the first time in two months. Financial Services Agency endorses a hike in compulsory auto liability insurance policy by 11%.
Jan 19, 2011 4:13 PM ET
U.S. indexes dropped sharply after latest housing data suggested weak and uneven recovery. Goldman Sachs earnings dropped 53% and American Express cut back office staff. Asian markets rose as exporters gained on Apple sales and earnings.
Jan 19, 2011 6:47 AM ET
Sensex index in Mumbai ended below 19,000 as stocks in technology, oil and gas sectors declined. HCL Technologies reported third quarter profit increased 34.2%. Gail Ltd plans to raise $800 million or 50% of its 2011 capex through a public issue.
Jan 19, 2011 6:14 AM ET
Shanghai and Hong Kong stocks gained more than 1%. President Hu Jintao began his four-day U.S. trip as trade and defense talks top the agenda. China cuts its U.S treasury holdings to 895.6 billion in November.