- Mukesh Buch
- 02 Dec, 2009
- New York City
Financial markets around the world traded higher for the third day in a row as investors expect a regional bailout of Dubai. Dubai is expected to delay payment on Islamic bonds of $3.4 billion and restructure $26 billion of bank debts. Gold surges to a new record.
- Darlington Musarurwa
- 01 Dec, 2009
- New York City
Two separate indexes tracking manufacturing activities in China show expansion in November. Markets in Hong Kong and Shanghai increased as global worries of Dubai led contagion ebb. China
- Darlington Musarurwa
- 01 Dec, 2009
- New York City
Markets in Japan and Asia rebound for the second day. Bank of Japan calls for unscheduled meeting. Cabinet approves new stimulus economic package totalling $45 billion. Wages in Japan fall 1.7% in October. The yen hovers near its high for the year against the dollar.
- Mukesh Buch
- 01 Dec, 2009
- New York City
U.S. stocks closed higher and crude oil and gold gained. Investors around the world shook off the Dubai worries after the prospect of global contagion ebb. Manufacturing in China accelerate, trade deficit in India decline and Australia raises rates for the third time in three months.
- 123jump.com Staff
- 01 Dec, 2009
- New York City
Reserve Bank of Australia increased rates to 3.75%, its third monthly increase in a row. Manufacturing activities eased in November and housing approvals dropped 0.6% in October which surprised many economists.
- Mayank Mehta
- 01 Dec, 2009
- New York City
European markets rebounded after Dubai World initiated debt restructuring talks. Deutsche Bank said its exposure to Dubai is manageable. Alstom S.A. and Schneider Electric SA enter into exclusive talks with AREVA for acquisition of Areva T&D. Vivendi agrees to sell its stake in NBC Universal to GE.
- Mayank Mehta
- 01 Dec, 2009
- New York City
UK stocks rebounded for the second day in a row with confidence returning and commodities prices rising. UK banks have the largest exposure in the region. Xstrata Plc agreed to sell its stake in Indophil Resources NL to China based Zijin Mining Group. Green King Plc surged 5% on earnings.
- Mayank Mehta
- 01 Dec, 2009
- New York City
General Electric and Vivendi SA agree to a deal involving NBC Universal. AIG surged 7% after it agreed to a swap of debt with preferred shares with the New York Fed. Guess? Inc jumped after it reported better than expected earnings.
- Mayank Mehta
- 01 Dec, 2009
- New York City
The benchmark index in Mumbai increased 1.6% as the global worries of wider contagion emanating from Dubai receded. Emerging markets and Asian markets gained. Exports in October fell 6.6% and imports declined 15%, but deficit remain close to $9 billion.
- 123jump.com Staff
- 01 Dec, 2009
- New York City
U.S. stocks, crude oil and gold gained in the early trading in New York. Global markets recover from the last week of losses as the fears of Dubai led contagion recede. Gold surged as much as 1.5% to trade near $1,200 an ounce. Manufacturing in China expands but in UK and Russia falter.
- Darlington Musarurwa
- 30 Nov, 2009
- New York City
Australian market indexes look higher after banks recover and Dubai World sought loan restructuring on only less than half the loans. Australian company profits fall 2.1% in the third quarter and new home sales decline 6% in October. New Zealand housing approvals gain 11% in October.
- Darlington Musarurwa
- 30 Nov, 2009
- New York City
China government officials encourage consumer to spend more and buy new cars and appliances to exchange the old. China also extended vehicle tax rebate program to 2010. HSBC and Standard Chartered Bank increased as Dubai worries ease.
- Darlington Musarurwa
- 30 Nov, 2009
- New York City
Mitsubishi UFJ plans to raise 1.1 trillion yen in share sale. Construction companies linked to Dubai and Middle East reversed their earlier losses to close higher after Dubai financial worries eased.
- Mukesh Buch
- 01 Dec, 2009
- New York City
U.S. stocks closed higher and European markets lost early gains. Dubai World sought loan restructuring on only half of the loans of $59 billion. Gold and other metals closed higher. Crude oil rebounded. The second quarter GDP in India grew at 7.9%.
- Mayank Mehta
- 30 Nov, 2009
- New York City
Deutsche Boerse refused to increase the bid for the Warsaw Stock Exchange. MAN SE dropped 4% on the worries that illegal payment investigation may cost as much as