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Mar 11, 2010, 09:19 AM (GMT+8) |
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Evening Wrap
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Morning Call |
Afternoon Update |
Evening Wrap
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| Last Updated: 10-Mar-2010
6:00 pm
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| GlobalScan |
- China Mobile to Buy $5.8 Billion Stake in Pudong Bank for Payment Services
- Toyota's U.S. Sales May Rise 30% in March on Incentives, Edmunds.com Says
- Baoshan Steel May Post 20-Fold Quarterly Profit Surge on Autos, CICC Says
- E.ON to Give Profit Outlook Mid-Year as Economy Still `Difficult' to Gauge
- Tullett Prebon in Preliminary Talks Which May Lead to Offer; Shares Surge
- Glencore International Says Profit Slumps by 43% After Commodities Decline
- Standard Life 2009 Profit Beats Analysts' Estimates as Pension Assets Rise
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| LocalScan |
- Malaysia's Mar. 1-10 palm oil exports up 5.8 pct-SGS
- Citigroup sells Japan ski resort to Malaysia's YTL
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| FeaturedHeadline |
Europe Stocks Are Little Changed; Fortis Rises, Barclays Drops
European stocks were little changed as the Stoxx Europe 600 Index remained near a seven-week high for a third straight day. Asian shares and U.S. futures were also little changed. Fortis rose 1.5 percent after the owner of Belgium's biggest life insurer reported earnings that topped analysts' estimates. Barclays Plc slipped 2.2 percent after a report the U.K. lender is interested in buying a U.S. retail bank. The Stoxx 600 slipped 0.2 percent to 256.13 at 8:39 a.m. in London. The gauge has soared 7.9 percent since Feb. 5 on speculation the European Union will assist Greece if needed as it struggles to reduce the region's biggest budget deficit. Greek Prime Minister George Papandreou said after a meeting at the White House yesterday that U.S. President Barack Obama expressed support for measures being taken to deal with the financial crisis. U.S. stocks rose yesterday on the anniversary of the 2009 bear-market low, sending the Standard & Poor's 500 Index up 0.2 percent. American International Group Inc. surged 13 percent on speculation the insurer will sell more assets. Futures on the S&P 500 slipped 0.2 percent today.
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Asian Stocks Fluctuate as Oil, Shippers Drop; Telstra Advances
Asian stocks fluctuated as shipping lines and oil companies declined, while Australia's largest telephone company rose on speculation it will avoid a breakup. STX Pan Ocean Co., South Korea's largest bulk-shipping line, dropped 1.5 percent in Seoul after a measure of cargo-transport rates retreated for the first time in almost two weeks. Kawasaki Kisen Kaisha Ltd., Japan's third-largest line, fell 2.3 percent in Tokyo. BHP Billiton Ltd., Australia's largest oil producer, lost 0.4 percent. Telstra Corp. climbed 2.8 percent after a newspaper said the Australian government may fail to force the phone company to split. The MSCI Asia Pacific Index was little changed at 122.70 as of 4:20 p.m. in Tokyo, with about the same number of shares advancing as declining. The gauge has risen 74 percent since March 9 last year, when it sank to its lowest level since the September 2008 bankruptcy filing of Lehman Brothers Holdings Inc. The index moved 0.34 point from high to low today, the narrowest range since at least Jan. 1. Japan's Nikkei 225 Stock Average was little changed at 10,563.92. Australia's S&P/ASX 200 Index and Hong Kong's Hang Seng Index barely budged. China's Shanghai Composite Index slumped 0.7 percent, even as the country's trade surplus shrank to the lowest level in a year.
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