Aug 31, 2009 8:10 PM ET
Stocks in Mumbai decreased on weakness in Asian markets. The first quarter GDP grew at 6.1%. Cairn India surges on pumping oil from Rajasthan block. IRB Infrastructure slips on profit taking. Unity Infraprojects gains on new order win.
Aug 31, 2009 7:34 PM ET
Global markets edged lower as investors around the world question the rally of last sixteen weeks. World markets could drop in sync from the recent highs. Gold fell but managed to rebound from the lows of the day. Sugar hovers near recent highs.
Aug 31, 2009 6:32 PM ET
Australian companies gross profits dropped 7.8% in second quarter form the first and declined 14.7% from the quarter a year ago. Reserve Bank of Australia reported today business credit fell 0.3% in July after falling 0.6% the previous month. Lending to businesses also slumped 0.7%.
Aug 31, 2009 2:17 PM ET
European markets declined after commodities fell on China worries. Banks in Ireland plunged on the worries that the government many pay less for the bad loans. Bertelsmann reported loss in the first half and estimated annual loss. The private equity firm Wendel declared loss in the latest quarter.
Aug 31, 2009 1:12 PM ET
Marvel Entertainment surged after Disney offered $50 a share buyout. BJ services gained more than 7% after Baker Hughes agreed to acquire the company for $5.5 billion. E*Trade increased after Citadel canceled its plan to sell shares.
Aug 31, 2009 11:30 AM ET
Baker Hughes expands into pressure pumping with the acquisition of BJ Services. Upon the completion of the merger, BJ Services shareholders will control 27.5% of outstanding shares of Baker Hughes. The recent oil and natural gas discoveries in Canada have been in oil shale formation.
Aug 31, 2009 11:22 AM ET
Disney Acquires Marvel Entertainment as it expands its portfolio of character library. Disney stock has languished in the last five years and hopes that Marvel characters can help to draw more people to its theme parks and contribute to international sales.
Aug 31, 2009 10:28 AM ET
Global stocks edged lower after commodities prices fell on the China worries. The benchmark index in Shanghai plunged 7% after investors worried of stretched valuations. Japan voted out the Liberal Democratic Party after nearly five decades in power. Euro zone consumer prices fell at a slower pace.
Aug 29, 2009 2:53 AM ET
Australian stocks edged higher as copper races to 11-month high. However the inventories of other base metals are near three to five year highs. Harvey Norman full year sales fall and Sims Metals posted full year net loss. Aquila Resources surges 9% after China based Baosteel acquires 15% stake.
Aug 29, 2009 2:02 AM ET
Industrial and power equipment companies surged in Mumbai trading as private and government linked companies place orders for equipment. Metals processor also gained after the rise of copper and other base metal prices. Indian unit of Procter & Gamble jumped after earnings surged.