Fed Left Rates On Hold; Bonds Rise
U.S. stocks traded sideways after existing home sales indicated a fragile state of housing market and the Fed left its key lending rate unchanged. GM is preparing for a public offering that may lower U.S. stake by 20%. Australian Prime Minister Kevin R...
China Agriculture IPO; More Strikes in China
China stocks declined led by energy and material stocks while stocks in Hong Kong gained marginally. China will cancel export tax rebates in more than 400 items from July 15. Bank of Communications stocks rise after 17 billion yuan rights issue.
India Prepares Stake Sales of $10 Billion
Stocks in Mumbai traded marginally higher. India starts a legal process for advice on stake sale totaling $10 billion. Airlines rise on the speculation that foreign airlines maybe permitted to acquire stakes.
Australia’s Citadel to Hike Saudi Project Stake
Prime Minister Kevin Rudd defended his super profit tax plan. Citadel plans to increase its stake in Saudi copper project to 70% from the current 50%. Woodside plans to approach Fair Work for withdrawal of strike by crane and forklift operators at its ...
Nikkei Index in Tokyo Drops 1.9%
Stocks declined in Japan after a report showed sale of existing homes dropped in May. Toyota and Honda halt production after strike extends to other parts facilities in China. Google takes over as favorite job destination for Japanese job seekers. Toyo...
U.S. Stocks Decline; Judge Lifts Drilling Ban
U.S. stocks traded sideways after existing home sales indicated a fragile state of housing market. Oil drilling rigs providers traded volatile after a judge lifted a ban on drilling in the Gulf of Mexico. Obama administration said it will appeal the de...
Sensex in India Declines; Yes Bank Falls
Stocks in Mumbai traded lower on the worries related to the euro-zone. Rabobank Nederland plans to sell stake in Yes Bank Ltd. Reliance, MTNL are in 3G franchise talks. Cox and Kings India is looking to raise $430 million. Orbit Corp issues a 1-to-1 bo...
China Stocks Volatile; ICBC Loans Up
Shanghai, the city targeted by China to be becoming its global financial center by 2020, is preparing to allow foreign companies to list their shares and sell bonds in the city’s bourse, according to a statement by the local government.
Australian Exports to Rise; Stocks Decline 1%
According to the revised estimates, exports are likely to increase 23% to A$202.5 billion in the 12-month period ending June 2011, according to the Australian Bureau of Agricultural and Resource Economics today.
Japan Caps Spending; Nikkei Declines 1%
Stocks in Japan decline on the euro-zone worries. Japan releases its fiscal 10-year plan to reduce debt, fight deflation and cap government spending. Japanese parts plants in China resort to mechanization to fight labor problems.
U.S. Stocks Erase Gains; World Markets Up
U.S. stocks closed lower after rallying on the back of global markets. China permitted wider trading band for the yuan after pegging the currency to the dollar for nearly two years. Stronger yuan raised expectations of higher exports to China but also ...
Stocks in Japan Rise; Yuan Peg Ends
Stocks in Japan end at one-month high after China permitted the float of the yuan. Honda Motor Co and Toyota Motor Corp hiked wages to end strikes in parts factories in China. Premier Naoto Kan is scheduled to unveil his plan to bring down the debt.
