Antofagasta H1 Net Up 49%; Punch Tavern Lifts Outlook
Antofagasta Plc first half revenues surged 49% and net increased 91.4%. Punch Tavern plc said indicated annual earnings are likely to exceed its previous estimate. Wood Group (John) Plc said net profit declined 24%.
UK Indexes Slide; Vedanta Rebuffed
The UK indexes fell on the momentum of global economic recovery. The UK mortgage approvals dropped in July. Xstrata agreed to acquire Sphere Minerals for $383 million. India rejected permission for a bauxite mining project by Vedanta.
European Stocks Drop; German GDP Expands
The European indexes traded lower amidst concerns over the pace of global economic recovery. Euro-zone industrial order growth slackened in June. Germany GDP expanded 2.2% in the second quarter to June and budget deficit rose in the first half.
U.S. Stocks Fall; Medtronic Net Soars
U.S. stocks declined amidst concerns of economic recovery. AIG repaid $3.95 billion in loans to the Federal Reserve Bank of New York. Trina Solar Ltd second quarter net soared 108%. Big Lots quarterly net soared 37%.
Sensex Drops; Vedanta Faces India Hurdles
Stocks in Mumbai trade down most of the day. State Bank of India expects to earn $2 billion in profit in the current year, record for any bank in India. Cairn India discovers oil and gas in KG basin. India rejects Vedanta’s bauxite mining proposal in...
Auto Output in China Up 49%; Stocks Rise
Stocks in China rallied for the first time in three days while in Hong Kong fell. Shipbuilding orders soar in China while sales of new homes in Shanghai drops in the first seven months. China Construction Bank first half net soared 27%.
Nikkei in Japan Trade in Bear Zone
The benchmark index in Japan dropped and fell more 20% from its peak in April as the government struggles to revive aggregate demand and stem the rise of yen. Panasonic plans to expand China capacity flat screen TV capacity five-fold. Demand for new 20...
Sydney Index Down on Election Uncertainty
Stocks in Australia fell on continuing election uncertainty. Melbourne water supply eases. AWB shareholders back takeover by Agrium Inc. Mako shares debuts strongly. Macarthur Coal Ltd is looking to raise A$450 million and annual earnings declined 26%.
Daktornics Net Up 71%; Trina Solar Net Doubles
Big Lots, Inc second quarter sales increased 5.1% and net rose 37%. Bank of Montreal third quarter revenues were flat and net rose 17%. Daktronics, Inc sales declined 11% but net rose 71%. Trina Solar second quarter net doubled.
Apollo, Daktronics Rise; Medtronic, Massey Fall
U.S. stocks declined after existing home sales plunged 27% in July. Home builders and banks led decliners. Education providers, Strayer Education, ITT Educational and Apollo Group Inc traded higher after the U.S. Department of Education said it will co...
U.S. Stocks Trade Down; Merger Wave
U.S. stocks search for direction and close lower in the final minutes. Merger activities in the U.S., Europe and Asia heat up and lift sentiment in the morning. Nikkei Stock Average in Japan dropped to the low for the year as the yen hover near recent ...
Yen’s Rise Drag Nikkei to Another Low
The benchmark index Nikkei declined to the low for the year after government did not indicate any steps to stem the recent rise in the yen. Same store sales at supermarkets and convenience stores drop. Itochu Corp helps Indian farmers to shift to organ...
