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Overnight Market News – August 16, 2010

 
  • China Overtakes Japan as the World’s Second-Biggest Economy as Japan’s GDP Growth Slowed Sharply in Q02 2010
  • Dell Inc to Acquire Data-Storage Company, 3PAR Inc for USD 1.2B in Cash as it Looks to Enhance its Offerings for Corporate Technology Departments
  • Mining Company, Vedanta Resources Plc Agrees to Purchase up to 60% of Cairn India Ltd for USD 9.6B as it Seeks to Tap India’s Largest Onshore Oil Field
  • Agricultural Bank of China Ltd’s Initial Public Offering Sets Global Record of USD 22.1B After the Bank Fully Exercised an Over-Allotment Option on the Shanghai Stock Exchange
  • Bank of America Corp Mulls Reducing its 34% Stake in BlackRock Inc as it Refocuses on its Core Units
  • UK House Asking Prices Fall by 1.7% in August from a 0.6% Decline in July
  • Crude Oil Stands at USD 75.72 per Barrel
  • Ethanol Stands at USD 1.77 per Gallon
  • Natural Gas Stands at USD 4.32 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,222.30 per Troy Ounce
  • Dow Jones Industrial Average Falls 16.80 Points (-0.16%) to 10,303.15
  • London FTSE Index Falls 8.04 Points (-0.15%) to 5,267.40
  • Japan Nikkei Index Falls 56.79 Points (-0.61%) to 9,196.67
  • Hong Kong Hang Seng Index Rises 40.55 Points (0.19%) to 21,112.12
  • Brazil Bovespa Index Rises 298.26 Points (0.45%) to 66,264.43
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