- 123jump.com Staff
- 02 Mar, 2010
- New York City
Markets in Hong Kong and Shanghai traded after commodities eased and resource stocks traded lower. Hong Kong stocks also decreased following weaker than expected earnings from HSBC. Coal and metals stocks declined in Shanghai after coal prices eased 3% in the previous week shipments.
- Mayank Mehta
- 02 Mar, 2010
- New York City
UK stocks closed higher for the third day in a row as commodities continue to rally and sentiment in Europe improve. Greece is inching closer to finalize the terms of bailout with Germany and France and is expected to announce deeper budget cuts. Prudential Plc dropped 20% in two days.
- Mayank Mehta
- 02 Mar, 2010
- New York City
European markets rebounded for the second day after Greece is likely to deepen budget cuts. Automakers gained after PSA Peugeot Citroen indicated positive outlook for the year. Luxottica Group fell after earnings declined. Lufthansa reported lower than anticipated loss.
- 123jump.com Staff
- 02 Mar, 2010
- New York City
Staples, Inc led the decliners in the S&P 500 index. Terra Industries surged 12% after it received a higher bid from CF Industries. Fresh Del Monte net up 23% and sales rose 4.9%. Bridgepoint Education, Domino
- 123jump.com Staff
- 02 Mar, 2010
- New York City
U.S. stocks retained a positive bias on improved sentiment. Greece and EU inch closer to terms of the bailout. Terra industries surged 12% after it received a higher bid from CF Industries that valued the company at $4.73 billion or $47.40 a share.
- Darlington Musarurwa
- 02 Mar, 2010
- New York City
Reserve Bank of Australia raises rates to 4%. Australian building approvals fall 7% in January. Retail sales rise 1.2% to A$20.1 billion in January. Tatts Group buys NSW lotteries for A$850 million.
- 123jump.com Staff
- 02 Mar, 2010
- New York City
Jobless rate in Japan dropped to 4.9% in January. Household spending increased 1.7% in January. Astella Pharmaceuticals Inc offered $52 a share for OSI Pharmaceuticals.
- Mayank Mehta
- 02 Mar, 2010
- New York City
The benchmark index in Mumbai surged 2.1% after January exports increased 11.5% on a rising demand in Europe and expanding sales of jewelry. Manufacturing expanded for the eleventh month in a row. Maruti, Tata Motors, TVS and Bajaj Auto sales surge in February.
- Mayank Mehta
- 01 Mar, 2010
- New York City
Hong Kong and Shanghai benchmark indexes increased on a rise in commodities prices. Resource stocks surged. Manufacturing index expanded at a slowest pace in nearly a year and the new orders index tumbled in February.
- Darlington Musarurwa
- 01 Mar, 2010
- New York City
Australian benchmark index gained on higher resource stocks and commodities prices. Company profits increased 2.2% in the last quarter. Rio Tinto raised its stake by 2.7% in Canada based Ivanhoe Mines. Australian current account deficit rises 19% to A$17.5 billion in December.
- Darlington Musarurwa
- 01 Mar, 2010
- New York City
New car sales in Japan surges 35.1% in February. Finance Minister Kano told lawmakers that he wants prices to rise by the end of the year and hopes that aggregate demand will improve.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
Three deals worth $43 billion lifted market sentiment. Personal spending gained more than expected and personal income increased less than anticipated. The dollar strength led commodities to decline but copper closed higher.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
European markets indexes closed up 2% on a speculation that Greece is inching closer to a bailout package of
- Mayank Mehta
- 01 Mar, 2010
- New York City
UK stocks closed higher on a rally in resource stocks and commodities. Prudential Plc dropped 12% after it agreed to acquire Asia unit of AIG for $35.5 billion. Pearson plc increased after it reported better than expected earnings. HSBC declined 5.2% after it reported higher loan loss charges.
- 123jump.com Staff
- 01 Mar, 2010
- New York City
U.S. stocks advanced after manufacturing expanded for the seventh month in a row. AIG agreed to sell its Asian unit to Prudential Plc for $35.5 billion. Merck KGaA agreed to pay $6 billion beating the offer from Thermo Fisher for Millipore. Copper gained nearly 2%.