Apr 18, 2011 8:33 AM ET
Stocks in Mumbai trading turned negative on the earnings worries, high commodities and crude oil prices and weak global sentiment. Ahead of earnings banks were weak. Tata Power inches closer to raise as much as $400 million. HDGF Bank fourth quarter net soared 33% and hiked dividend by 165%.
Apr 18, 2011 8:00 AM ET
Stocks in Tokyo trading declined as investors awaited earnings in the next two weeks. Trading volume dropped to the lowest in the year as G-20 meeting failed to produce concrete actions. Tepco is expected to receive multi-billion dollar infusion to pay for disaster expenses.
Apr 18, 2011 7:49 AM ET
Greece reiterated that the nation has no plans to restructure its debt. The Bundesbank forecasted positive economic growth in Germany. Finnish producer price inflation soared in March. Italian current account deficit widened to €6.33 billion in February.
Apr 18, 2011 7:36 AM ET
European indexes slumped on euro-zone sovereign debt concerns. Nestle acquired 60% stake in China-based Yinlu Foods. France Telecom-Orange and Deutsche Telekom agreed to form a venture to cut costs. Synthes confirmed talks with Johnson & Johnson.
Apr 18, 2011 6:59 AM ET
Stocks in Sydney gained and the meeting of G-20 finance ministers failed to produce any specific steps to lift the global economic growth. Retail price of petrol in Australia jumped to a 30-month high. Woolworths sales increased 5.1%. Residential land transaction dropped to the lowest in a decade.
Apr 16, 2011 7:33 AM ET
Trinidad attracts foreign investment of $70 million in energy exploration that is expected to arrest the decline in oil and gas production in the last decade. However, the twin island nation remains dependent on the energy sector for its exports and economic growth.
Apr 15, 2011 4:00 PM ET
U.S. stocks edged higher after commodities rebounded. The U.S. House passed budget cuts that will reduce $6.2 trillion in budget deficit over ten years but will leave the defense spending and taxes for corporate and rich people untouched.
Apr 15, 2011 11:25 AM ET
Bank of America first quarter net income fell to $2 billion. Google first quarter net income rose to $2.30 billion. Genuine Parts quarterly net income rose 26% to $126.5 million. Knoll first quarter net income soared 318.2% to $9.2 million. Charles Schwab quarterly net income surged 84% to $243 mn.
Apr 15, 2011 10:57 AM ET
The UK indexes traded volatile after Ireland''s sovereign ratings were cut by two levels. The Bank of England policymaker Andrew Sentence forecasted inflation may exceed 5%. SSE sold its 100% interest in three UK wind farms for £173.6 million.
Apr 15, 2011 10:16 AM ET
U.S. indexes traded sideways after consumer prices rose 0.5% in March and industrial production improved. Graco agreed to acquire finishing unit of Illinois Tool for $650 million. Bank of America net declined 36% on lower provision for credit losses.