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While U Slept: Biz & Buz. Big 5 Business Stories Breaking Overnight. 07/21/10

July 21, 2010

HONG KONG STOCKS RISE AGAIN, CHINA MERCHANTS JUMPS Stocks in Hong Kong rise for a second consecutive day, following Apple’s strong earnings report. China Merchants Holdings (International) was among the best performers. (BusinessWeek)

OIL RISES TO $78 PER BARREL The price of crude oil inches toward $78 per barrel, on news of strong US corporate earnings. (Reuters)

FIAT REPORTS PROFITS, SHARES UP 5-PERCENT Fiat’s shares rise 5-percent, following the company’s report that it had returned to second-quarter profit. (MarketWatch)

EU APPEALS WTO RULING ON AIRBUS SUBSIDIES
The European Union appeals a WTO decision that it illegally provided subsidies to Airbus. (BBC)

JAPAN’S 20-YEAR BONDS FALL FOR THIRD DAY Japan’s 20-year bonds fall for a third consecutive day, amid speculation that main dealers cut their holdings ahead of the government’s 1.1 trillion yen auction. (Bloomberg)

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