|
|
|
UK Stocks Rise, Sainsbury Surges
Aug 28, 2:29 PM ET |
|
| Kazakhmys led decliners in the FTSE 100 index shares with a fall of 2.54% followed by losses in Severn Trent of 2.14% |
|
| In London trading FTSE 100 rose 1.32% or 73.1 to 5,601.20. Of the 102 FTSE 100 stocks 83 rose, 18 declined, and 1 was unchanged. Sainsbury led advancers in the index shares with a rise of 7.92% followed by Wolseley increasing 5.87%. Nationwide Building Society reported today that house prices fell 1.9% from a month ago and 10.5% from the previous year to £164,654. |
|
|
Full Story... |
Inflation Worries Drag Sensex
Aug 28, 2:08 PM ET |
|
| Financial stocks fell on fears that rising inflation will force the Reserve Bank of India to tighten its monetary policy stance. |
|
| The Ministry of Commerce reported today that India’s inflation remained at a 16-year high, rising to 12.40% in the week ended August 16 from 12.63% in the previous week. In Mumbai, the BSE 30-share Sensex declined 1.74% or 248.45 to 14,048.34, and the CNX Nifty dropped 1.82% or 78.10 to 4214. Of the stocks traded on the BSE, 912 rose, 1718 declined and 84 were unchanged. |
|
|
Full Story... |
Stocks Rise on Q2 GDP Growth, Oil Up
Aug 28, 9:44 AM ET |
|
| Faster than expected second quarter economic growth lifted stocks in the U.S. and Europe. Crude oil climbed. |
|
| U.S. stocks rose in the morning trading after the release of second quarter economic growth and weekly unemployment data. In the quarter economic growth boosted at 3.3% annual rate on rising exports on lower dollar and stimulus package from the government. Weekly unemployment claims matched the forecast but were at elevated level. Sears contune to struggle in sales as reported in the latest quarter. |
|
|
Full Story... |
Ricoh Buys IKON, Weak Construction
Aug 28, 8:49 AM ET |
|
| Stocks in Japan edge higher despite rising evidence of more failures linked to construction and housing sectors. |
|
| Stocks in Japan edged higher lifted by rising commodities related stocks and news of acquisition from Ricoh. The office equipment company agreed to acquire IKON Office Solutions for $1.6 billion in cash, 33% premium from its 60-day trailing average price. More construction companies and home builders in Japan are expected falter in the rest of the year. July month saw nearly 1,140 bankruptcies in Japan, with nearly third of them from the construction industry. |
|
|
Full Story... |
1
 |
|
