Sensex, Rupee in India Decline; BHEL Net Surges 31%
Stocks in Mumbai moved in a narrow range to close lower for the day and gained 0.8% in the week. Jindal Steel & Power plans to export a million tons of iron ore concentrate from its Bolivian mine. BHEL net surges 31% in the third quarter.
Shanghai Indexes Gain; China’s Budget Deficit Falls to 1.6% of GDP
Shanghai Indexes gain for the day but dropped more than 2.7% in the week. China’s budget deficit in 2010 was 1.6% of GDP well below the official target of 2.8%. China plans to double consumption of natural gas by 2015.
Tokyo Indexes Drop More Than 1.5%; Toshiba Wins U.S Metro Railcar Order
Resource linked stocks in Tokyo led the indexes lower 1.5% today and 2.4% for the week. Transport Ministry plans to allot more slots to Chinese airlines at western Japan airports. Toshiba wins a 30 billion yen order to supply railcar parts to Washingto...
Australia Stocks Fall 1%; Woodside Petroleum Revenue Up 20%
Stocks in Sydney dropped 1% in the week dragged down by weak resource stocks. Shipments at Hay Point terminal drop 22% in December and QR National trims its profit target for the year by 21%. Woodside Petroleum revenues rise 20% on record production at...
Shanghai Index Dips 2.9%; China’s GDP Soars 10.3% in 2010
Shanghai Indexes drop more than 2.8% while the index in Hong Kong drops 1.7%. China’s GDP expands at a better-than-expected 10.3% in 2010. The external outstanding debt of mainland China reaches $546.4 billion at the end of September.
Sensex in India Gains; Stubborn Inflation
Stocks in Mumbai closed higher after fluctuating in negative territory. RBI relaxes debt restructuring norms for the micro finance sector. India and China top labor productivity table in 2010.
Nikkei Drops 1%; Auto Insurance Hike Approved
Japanese stocks indexes declined 1% to 45-day low. Commercial banks were the net buyers of long-term corporate and municipal bonds for the first time in two months. Financial Services Agency endorses a hike in compulsory auto liability insurance policy...
Sydney Index Drops 1%; Temasek Sells Fortescue Stake
Stocks in Sydney fell more than 1% led by drops in resource stocks followed by financial and energy stocks. Oz Minerals gold and copper 2010 output exceeds targets. Exports of metallurgical coal from Gladstone Port will commence on Friday.
Sensex Declines Again; HCL Tech Net Surges 34%
Sensex index in Mumbai ended below 19,000 as stocks in technology, oil and gas sectors declined. HCL Technologies reported third quarter profit increased 34.2%. Gail Ltd plans to raise $800 million or 50% of its 2011 capex through a public issue.
President Hu Jintao Begins U.S. Visit; Shanghai Index Gains 1.9%
Shanghai and Hong Kong stocks gained more than 1%. President Hu Jintao began his four-day U.S. trip as trade and defense talks top the agenda. China cuts its U.S treasury holdings to 895.6 billion in November.
Nikkei Gains; Machine Tool Orders Surge 170%
The Nikkei closed higher for the third day in a row led by exporters. Machine tool exports surges 170% as China leads the demand. Mitsubishi Heavy Industry secures an order worth more than 10 billion yen for supply of gas power plant to a U.S electric ...
Sydney Stocks at Nine-Month High; Australia Dollar Above Parity
Stocks in Sydney rebounded to a nine-month high led by miners and banks. The Australia dollar trades higher. Woolworth and Wesfarmers are the two Australian retailers in the top global 250 retailers. Singapore Stock Exchange says it is on track to merg...
