Oct 21, 2009 9:31 AM ET
U.S. stocks trade lower as investors face rising interest rates in UK and Asia. Treasury Secretary Geithner indicated that initial TARP programs may be terminated and bank capital purchase program will be permitted to expire at the end of this year. Yahoo, Boeing and Morgan Stanley are in focus.
Oct 21, 2009 8:54 AM ET
Sesa Goa fell after earnings but indicated three-fold iron ore production increase to meet China demand. Banks declined after the Reserve Bank of India ruling may force higher competition among lenders and lower rates to borrowers. State Bank of India raised $750 million through the sale of bonds.
Oct 21, 2009 8:20 AM ET
BHP Billiton reported higher oil and iron ore production in the third quarter but indicated softer demand from China. Centro Properties was sued by the Australian regulators. A significant number of shareholders registered protest to the remuneration of its former chief executive.
Oct 20, 2009 6:10 PM ET
Stocks in China region gained on the back of a rally in New York and European markets. Dollar weaknesses lifted resource stocks and commodities prices in the region. China Mobile reported nine months earnings as the number of subscribers increase above 500 million.
Oct 20, 2009 5:27 PM ET
Rupee traded higher after Diwali holidays as international investors continue to add to holdings. Stocks closed lower but stayed firm near the recent highs. Government plans to sell 5% stake in NTPC. Reliance Industries commenced its arguments in the Supreme Court in India.
Oct 20, 2009 5:07 PM ET
Weak U.S. housing data raised questions about the health of the housing markets and nature of economic recovery. Home builders fell. Earnings were in focus. Coca Cola, State Street and Boston Scientific were among the most active stocks in trading.
Oct 20, 2009 4:50 PM ET
European stocks traded lower in the afternoon after the release of weak U.S. housing data. Deutsche Bank agreed to acquire assets from ABN Amro. Volkswagen fell after it agreed to purchase 49.9% of Porsche SE. Valeo SA reported a net profit in the third quarter and raised its outlook.
Oct 20, 2009 4:49 PM ET
Stocks in London traded lower. Autonomy fell nearly 7% after quarterly net rose less than expected. Barclays dropped more than 5% after Qatar based investment fund took a profit of nearly $1 billion and lowered its holding in the bank to 7%. Pearson increased on earnings outlook.
Oct 20, 2009 11:53 AM ET
Boston Scientific Corporation led the decliners in the S&P 500 index with a loss of 13.0%. Apple Inc fourth quarter net income increased 47%. Atheros Communications, Inc third quarter profit nearly quadruples as sales rise. Brown & Brown, Inc third quarter profit rose 1% on lower expenses.
Oct 20, 2009 4:51 PM ET
U.S. stocks edged lower after the housing starts and completions declined in September. Home builders led the decliners. Apple increased on strong rise in sales and earnings. The Producer Price Index decreased 0.6% in September. Brazil index drops 2.5% after it imposes 2% tax on foreign investors.