Yahoo Inc. shares rose 4 percent Friday amid speculation it will team up with Microsoft Corp. in an online search advertising partnership aimed at mounting a more serious challenge to Google Inc.
Read More »India’s benchmark stock index jumped a record 17 percent, bonds rose and the rupee gained the most in two decades after Prime Minister Manmohan Singh’s Congress Party won nationwide elections.
Share trading was halted for the first time ever because of a surge in the Sensitive Index, or Sensex. The rupee climbed 3.1 percent against the dollar and the benchmark bond yield fell 16 basis points, the biggest decline in a month.
Read More »Stocks rallied around the world amid growing speculation the worst of the global recession is over and a stream of earnings that beat analysts’ estimates. Equities climbed as companies from BASF SE to MAN AG posted earnings that beat analysts’ estimates and Honda Motor Co. forecast an annual profit. Industrial output in Japan rose for the first time in six months. U.K. consumer confidence climbed to the highest level in a year.
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