- Mayank Mehta
- 14 Dec, 2009
- New York City
Stocks in Mumbai edged lower after November wholesale price index rose. Food prices have been driving the inflation to a record high in the last seven years on weak monsoon. The media group DB Corp IPO was oversubscribed by two times on the first day of subscription.
- Mayank Mehta
- 14 Dec, 2009
- New York City
European markets closed higher after banks rallied in the region. BayernLB will book a total loss of 3.75 billion in the investment related to Austria based Hypo Alpre-Adria. German bonds gained as investor seek safety as Greece grapples with a large budget deficit.
- Mayank Mehta
- 14 Dec, 2009
- New York City
UK stocks edge higher on a rally in banks. Lloyds Banking Group raised
- Mayank Mehta
- 14 Dec, 2009
- New York City
Citigroup declined after it plans to raise $20 billion and repay TARP funds. XTO Energy surges on an acquisition offer from Exxon Mobil. Oshkosh Corp declines 13%. Visa Inc increases after the company was selected for the S&P 500 index.
- Mayank Mehta
- 14 Dec, 2009
- New York City
Exxon Mobil Corp agrees to acquire XTO Energy Inc for $31 billion. The low price of natural gas and impending rise in the demand of clean energy sources played a role in the largest acquisition since the purchase of Mobil in 1998.
- Mukesh Buch
- 14 Dec, 2009
- New York City
The U.S. benchmark indexes traded higher in the early morning led by a rise in tech stocks. Oracle offered a revised proposal to acquire Sun Microsystems. Exxon Mobil offered $31 billion for XTO Energy. Abu Dhabi offered $10 billion emergency funding to the troubled real estate conglomerate in Dubai.
- 123jump.com Staff
- 11 Dec, 2009
- New York City
U.S. stocks gained on better than expected retail sales. Resource stocks rallied on the steady demand from China. Import price index increased on the rise in fuel prices. Crude oil and gold futures declined but gold and other commodities increased.
- Mayank Mehta
- 11 Dec, 2009
- New York City
The benchmark index in Tokyo surged 2.5% as the yen fell against the dollar. Automakers, electronics exporters and heavy machinery makers rallied. Banks declined. The consumer confidence index declined in November as respondents worry about job loss.
- Mayank Mehta
- 11 Dec, 2009
- New York City
The Australian benchmark index gained after China reported strong economic data driven by a rise in domestic demand. Commodities in the region gained. Australian dollar traded higher against major international currencies.
- Mayank Mehta
- 29 Dec, 2009
- New York City
Japan and India signed several agreements as Prime Minister Hatoyama concludes his 3-day trip to India. Japan expects to make several billion dollars of investment to develop Delhi- Mumbai investment corridor. Jindal Power Ltd files to raise $1.5 billion.
- 123jump.com Staff
- 29 Dec, 2009
- New York City
U.S. stocks inched higher in the morning trading. Copper led the gainers in commodities trading as Chilean workers strike and Chinese economy expands at a faster pace than the targeted 8% rate. Sugar surged to twenty year high and copper jumped more than 2%.
- 123jump.com Staff
- 28 Dec, 2009
- New York City
U.S. stocks traded higher as holiday retail sales estimates showed an increase. Apparel retailers and online retailers edged higher. World markets edged higher after China estimated higher economic growth and Japan signaled its first economic expansion in two years. Oil, gold and the dollar gained.
- Darlington Musarurwa
- 28 Dec, 2009
- New York City
European markets closed higher on the estimates of higher retail sales in the holiday period. Renewable energy companies gained after China approved legislation. Oil and commodities processors advanced on larger than targeted economic expansion in China.
- Mayank Mehta
- 11 Dec, 2009
- New York City
European markets closed higher. Club Mediterranee posts fiscal-year loss. Thales SA plans to save
- Mayank Mehta
- 11 Dec, 2009
- New York City
UK stocks wavered but closed higher. The producer price index increased 2.9% in November. Carillion gained 2% after it estimated sales increase of 10%. Resource stocks generally traded higher after China reported a surge in industrial activities.