- Mayank Mehta
- 06 Nov, 2009
- New York City
Government controlled companies surged in Mumbai trading after finance minister indicated stakes sale to fund social programs. Rupee edged higher as international investors commit more capital to stock market. ITI soars on a speculation of a joint venture with Intel.
- 123jump.com Staff
- 06 Nov, 2009
- New York City
Global corporations are still struggling as the U.S. financial crisis expands to a global economic slowdown. Banks in China, India, Brazil and Australia are reporting rising earnings and revenues. Software services providers in India have returned to growth.
- Sarla Buch
- 06 Nov, 2009
- New York City
October unemployment surged to 10.2%, record since 1983 as builders, factories and services cut staff. Payrolls declined 19,000 in the month and the jobless rate increased from 9.8% in September. European markets turned lower but Asian markets closed higher tracking yesterday
- Darlington Musarurwa
- 05 Nov, 2009
- New York City
Hong Kong shares falls on profit taking and on mounting worries that property prices may face tighter regulation. Shanghai approves of Disney World in Pudong New District. Evergrande Real Estate surged 34% on its first day of trading in Hong Kong.
- Darlington Musarurwa
- 05 Nov, 2009
- New York City
Stocks in Japan closed lower on weak earnings and a rise in energy prices dragged chemical makers. Sanyo Electric plunged 20% after Panasonic offered 40% lower than the closing price. Toyota Motor first net plunges but it lowered annual loss to 200 billion yen.
- Darlington Musarurwa
- 05 Nov, 2009
- New York City
Stocks in Australia fell on the worries that elevated energy prices will affect corporate profits. Transurban Group surged 19% after it rejected Canadian offer that undervalued the company. Australia
- Mukesh Buch
- 05 Nov, 2009
- New York City
U.S. stocks surged after reports on productivity and weekly jobless claims pleased investors. CVS plunged after it reported larger than expected client losses at its pharmacy benefit division. Hyatt and Ancestry.com IPO close up. Cisco outlook powered tech stocks with the Nasdaq index up 2.4%.
- 123jump.com Staff
- 05 Nov, 2009
- New York City
Tax collection in India increased 3.9% in the first seven months in fiscal year indicating rising income of corporations and individuals. Wireless telecoms rebounded on the talks of lower connection fees. Larsen & Toubro unit and Patni are in merger discussion.
- Mayank Mehta
- 05 Nov, 2009
- New York City
The ECB left its key lending rate unchanged at 1% and indicated a gradual winding of various direct lending programs. Deutsche Telekom third quarter net profit rises 7.2%. Enel SpA third quarter net profit fell 43%. BNP Paribas third quarter profit rose 43%. Ubisoft SA surged on annual outlook.
- 123jump.com Staff
- 05 Nov, 2009
- New York City
The Bank of England left its key lending rate unchanged at 0.5% and increased the Treasury bond purchase plan by
- Mayank Mehta
- 05 Nov, 2009
- New York City
CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children
- Mukesh Buch
- 05 Nov, 2009
- New York City
U.S. stocks edged higher after the weekly jobless claims declined 20,000 in the last week and productivity increased at the fastest pace of 9.5%. Cisco, Whole Foods and Research in Motion traded higher. The Bank of England and the ECB left their rates unchanged.
- Darlington Musarurwa
- 04 Nov, 2009
- New York City
Japanese automakers reported a rise in U.S. sales in October but lagged the gains of Korean makers. Japan is expected to keep stricter lending rules and maintain accommodative monetary policy. Japan Steel Works surged on estimating annual profit compared to a loss a year ago.
- Darlington Musarurwa
- 04 Nov, 2009
- New York City
World Bank estimated that China is expected to meet its 8% economic expansion target supported by the government stimulus. Gold miners close higher on a rise in gold. Casino stocks surged after Macau casino revenues surged 42% in October.
- Darlington Musarurwa
- 04 Nov, 2009
- New York City
Australian retail sales fell 0.2% in September and building approvals increased 2.7%. Service industry expands in October. Westpac warns of credit crunch and second half profit declined 10% to A$2.33 billion. Gold miners surged as gold closes at a record high.