Sep 17, 2010 6:22 AM ET
Stocks in Shanghai treaded marginally lower but the weekly drop was the steepest in more than two months. Hong Kong index gained 1% and for the week added 3.3% and surged more than 7% in the month. Four Taiwan-based banks get permission to open mainland branches.
Sep 17, 2010 5:57 AM ET
Stocks in Japan added more than 1% on Friday and gained 4% in the week and surged more than 9% in the month. The yen declined to five-week low against the dollar and the euro. Prime Minister Kan announced a new cabinet. Crude steel output rises in August, the tenth consecutive month of increase.
Sep 17, 2010 5:32 AM ET
Stocks in Australia rallied and closed higher for the third week in a row. The weekly gain of 1.7% completes the rise of more than 8% in less than three weeks. Asciano Group raised $1 billion to repay bank loans. Santos secures funds for its Gladstone LNG project.
Sep 17, 2010 4:39 AM ET
The natural, organic, and specialty foods distributor quarterly sales rose 15.8% to $988.5 million. Net quarterly income grew 14% to $17.6 million. Earnings per share rose to 40 cents versus 36 cents per share in the prior year and fiscal 2011 earnings estimated between $1.74 and $1.83 per share.
Sep 16, 2010 4:16 PM ET
U.S. stocks struggled but managed to close higher on low trading volume. Gold edged closer to record high. FedEx declined after it issued a cautious outlook for the second quarter and first quarter net doubled. European trade surplus surged and UK retail sales dropped.
Sep 16, 2010 7:23 PM ET
GameStop Corp surged after it announced a plan to buy back stocks. Pier 1 Imports Inc gained more than 4% after reporting higher than expected sales and profit. FedEx Corp declined after it reported lower than expected sales.
Sep 16, 2010 11:23 AM ET
The UK indexes dropped after retail sales fell in August. Food stores fell 0.5% and non-food stores dipped 0.7% in August. The Confederation of British Industry estimated manufacturing growth in the next three months. Kesa Electricals plc four-month sales increased 8.2%.
Sep 16, 2010 10:25 AM ET
The European indexes fell after euro area trade surplus surged in July. The EU proposed stringent measures to curb short selling. Private estimate of Swiss growth in 2010 was revised higher and Swiss central bank retained its key interest.
Sep 16, 2010 10:02 AM ET
U.S. stocks declined after weekly jobless claims fell 3,000 to 450,000. Producer prices increased 0.4% and foreclosure filings fell in August. FedEx net surged 110% to $380 million. IBM agreed to buy OpenPages. OpenTable agreed to acquire UK based restaurant reservation and review company.
Sep 16, 2010 7:56 AM ET
Reserve Bank lifted rates as expected but showed its inability control rising inflation in the near future. The statement noted that inflation is likely to remain high for an extended period and recent volatile industrial production is also not desirable. Seven day rally in Sensex halted.