ECONOMY & MARKETS

French farmer

Fertilizers: Gambling on the Global Grain Market

RBC Capital Markets said it has analyzed potential outcomes for global grain market conditions through 2015/2016 using Monte Carlo simulation analysis. The brokerage said Monte Carlo simulation suggests favorable odds for fertilizer investors.
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BSE Sensex drops to 5-mth low, Reliance falls

The BSE Sensex fell 1.7 percent on Tuesday to its lowest close since August, extending January's worst monthly slide in more than two years, as inflation worries and hardening interest rates continued to spook investors.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

UK manufacturing PMI hits record high in January

Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
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ARM profit jumps on licensing, royalty revenue growth

British chip designer ARM Holdings posted a higher quarterly and full-year profit, helped by the growth in licensing and royalty revenue and it expects dollar revenue for 2011 to be at least in line with market expectations.

Tanzania puts Q3 GDP growth at 6.2 pct y/y

Tanzania's economy grew 6.2 percent in the third quarter of 2010 from 5.7 percent in the same period a year ago due to an improvement in construction, transport and communication sectors, data showed on Monday.

Stocks up on earnings, Euro rises on rate hopes

U.S. stocks rose on Monday on strong earnings and merger activity, overshadowing concerns about the possible spread of unrest in Egypt which had caused a sharp selloff in world stocks on Friday.
Holiday shoppers browse Macy's department store in New York City

Consumer spending rises 0.7 percent in Dec

U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.

China, Brazil office rents soared in 2010 - survey

Prime office rents in key Chinese and Brazilian cities will continue their economic growth-fuelled rise in 2011, a survey said, prompting global property investors to chase deals in those emerging markets.

US Stocks Higher on Earnings, Consumer Spending

Dow Jones Index was up 21.99 points, or 0.19 percent, to 11,845.69 and the S&P 500 index rose 4.54 points, or 0.36 percent, to trade at 1,280.88. Meanwhile, Nasdaq gained 0.39 points, or 0.01 percent, to 2,687.28.
Massey Energy workers

Alpha Natural agrees to acquire Massey Energy

Shares of Massey Energy Co. (NYSE: MEE) are rallying this morning after it was announced over the weekend that Alpha Natural Resources Inc. (NYSE:ANR) agreed to buy the metallurgical coal producer in a cash-and-stock deal valued at $8.5 billion.

Personal income, spending rose in Dec.

Personal income and spending in the U.S. rose in December last year, indicating that the average consumer is growing more confident about the economic recovery and the financial situation.
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Gold eases as Egypt rally loses steam

Gold eased on Monday after posting its largest daily gain in eight weeks on Friday and while the market did encounter some safe-haven buying on the back of the unrest in Egypt, this was expected to be temporary.
One Euro coins

Eurozone January inflation rises to 2.4 pct

Inflation in the eurozone rose to 2.4 percent in January from 2.2. percent in December, according to the preliminary estimates of Eurostat, European Union's official statistics agency.

Japanese industrial output rebounds

Japan's industrial output rose 3.1 percent in December, official data showed on Monday, suggesting the industrial sector took off on a strong note in the new year.

AT&T Downgraded at UBS

UBS Securities downgraded shares of carrier AT&T Inc. to neutral from buy, citing expectations for lower earnings and free cash flow growth in 2011 and 2012.

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