- 123jump.com Staff
- 18 Jan, 2010
- New York City
Ahead of earnings season, stocks in Germany, France and Switzerland gained. Munich Re added 2% after it signed an agreement with UK based Admiral Group Plc. Areva SA does not anticipate additional charges related to a troubled project in Finland. Richemont SA sales rise on Asian demand.
- 123jump.com Staff
- 18 Jan, 2010
- New York City
International Power dropped 4% after it terminated its talks with GDF Suez. The second largest UK home builder Taylor Wimpey Plc home sales declined 24% in the last year and average price declined 6.5%. BA Plc cabin crew is scheduled to vote next week on strike action.
- Darlington Musarurwa
- 18 Jan, 2010
- New York City
Stocks in Australia recovered from earlier losses and closed fractionally higher. Weak international prices of metals affected the trading sentiment. Lihir Gold chief executive Hood resigned after the company did not renew his contract. Discount airline Tiger Airways IPO was fully subscribed.
- Darlington Musarurwa
- 18 Jan, 2010
- New York City
Bank of Japan raises assessments in four of the nine regions. Japan industrial production increases 2.2% in November. Finance minister Kan pledges to fight deflation. Japan Airlines Corp is negotiating with Delta and American Airlines to secure a better deal as it prepares its restructuring filing.
- Mayank Mehta
- 18 Jan, 2010
- New York City
Stocks in Mumbai closed higher after Tata Consultancy Services Ltd quarterly net surged 33%. UltraTech Cement drops on poor quarterly earnings. Suzlon Energy wins order in Sweden. Jaiprakash Associates third quarter lower than expected net income.
- 123jump.com Staff
- 18 Jan, 2010
- New York City
European markets traded higher but the euro edged lower. The benchmark index in Greece dropped nearly 2% as the EU regulators and Greece government review ways to lower Greek budget deficit in 2010 and after. Asian markets closed higher. Richemont SA quarterly sales increased 2%.
- 123jump.com Staff
- 15 Jan, 2010
- New York City
U.S. stocks declined on the worries that consumer may not still be healthy. JPMorgan in its latest quarterly earnings booked a loss in its retail banking unit and increased provision of loan losses. The dollar gained against the euro and gold closed lower. Commodities fell.
- Darlington Musarurwa
- 15 Jan, 2010
- New York City
Foreign exchange reserves surged 23% to $2.4 trillion in 2009 as trade surplus drives new fund flows of $453 billion. Foreign direct investment in December more than doubled to $12.1 billion. Automakers rise on the brisk demand for automobiles despite revised taxes in 2010.
- 123jump.com Staff
- 15 Jan, 2010
- New York City
Shares of banks advanced and Commonwealth Bank said its cash profit for the first half increased 44%. Macarthur coal lifted its first half net earnings forecast to a range between A$37 million and A$42 million.
- Darlington Musarurwa
- 15 Jan, 2010
- New York City
Stocks in Japan edged higher led by strength in banks. Japan is expected to restructure JAL through a bankruptcy court on Jan 19. Japan wholesale prices fall 5.3% in 2009. Shiseido agreed to acquire Bare Escentuals for $1.7 billion. Sony and Nintendo December US game console surge.
- Mayank Mehta
- 15 Jan, 2010
- New York City
A barrage of earnings drove market trading in Mumbai. Engineers India soars after government plans a stake sale of 10%. Maharashtra Seamless Ltd secures export orders. HDFC Bank net surges 32%. Tata Consultancy quarterly net soared 33%. GTL acquires for $1.8 billion Aircel tower assets.
- Mayank Mehta
- 15 Jan, 2010
- New York City
European markets fell sharply and German bond yield gained. The euro declined. Banks and brokerages declined after JPMorgan increased consumer loan loss provisions. Solar energy related companies declined as Germany may lower subsidies to the industry.
- Mayank Mehta
- 15 Jan, 2010
- New York City
The UK benchmark index declined 1.3% for the week and dropped nearly 0.7% today. Stocks weakened after commodities edged lower and the pound traded volatile against the euro and the dollar. The asset manager Man Group declined after assets under management shrank. Experian quarterly sales were flat.
- Mayank Mehta
- 15 Jan, 2010
- New York City
Interactive Data Corp surged 11% after its UK parent Pearson Plc said it may sell its stake in the company. Bare Escentuals Inc soared 42% after it agreed to be acquired by Japan based Shiseido Co for $1.7 billion in cash. Manitowoc Co said plans to sell $400 million in unsecured debt.
- 123jump.com Staff
- 15 Jan, 2010
- New York City
European markets closed mixed in nervous trading and the euro fell on the growing worries related to Greek budget deficit. Spain, Portugal and Italy are also worrying central bank regulators. November Euro area trade surplus was 4.8 billion euros and annual inflation increased 0.9%.