- Mayank Mehta
- 08 Dec, 2009
- New York City
Dubai worries dominated trading in London. The UK benchmark index declined after commodities and banks closed lower. Royal Bank of Scotland and Standard Chartered led the decliners in the sector. Tesco same store sales increased 2.8% in the third quarter.
- Mayank Mehta
- 08 Dec, 2009
- New York City
The grocery retailer Kroger declined after it reported weaker than expected quarterly results. Toro Company, Imperial Sugar Co and H&R Block declined after reporting quarterly losses. RELM Wireless surges after it was selected as a radio equipment contractor by federal agencies.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
U.S. stocks and gold declined as the dollar edged higher. European and the Middle East markets fell. Banks in Europe and UK traded lower. Dubai and Saudi Markets dropped for the sixth day as investor fear rising losses at Dubai World and acrimonious discussion with bondholders.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
Dubai World debt negotiations may be acrimonious as bond holders demand control of assets and threaten legal action in Europe and the U.S. The sukuk issued by Nakheel dropped in London trading as investors fear mounting losses may erode asset values.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
Greek stocks and bonds decline as rating agencies clamor for a possible downgrade and investors fear deteriorating government financials. Though investors demand higher yield on bonds, Greece is not alone when it comes lack of fiscal discipline in Europe.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
Home builders and property developers gained on the expectations that China will maintain loose monetary policy. Stocks were mixed in the region. Nine companies open their initial public offering subscription in Shanghai this week. However, the Rusal IPO may be delayed till the next year.
- Darlington Musarurwa
- 07 Dec, 2009
- New York City
Australian job ads jumped 5.2% in November but still 34% lower from a year ago. New Zealand home prices rise 1% in November. The Australian dollar edged lower but closed at 91.25 U.S. cents. Weak commodities prices dragged stocks lower. BHP and Rio Tinto agree on iro ore production venture.
- Mukesh Buch
- 07 Dec, 2009
- New York City
U.S. socks wavered after Fed Chairman Bernanke comments suggested uneven and slow economic recovery. Gold and crude oil futures declined. FedEx lifted its latest quarter results to $1.10 a share from the previous estimate between 65 cents and 95 cents a share.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
Japan bank lending declined 0.9% to 422.2 trillion yen in November. Tokyo office vacancy jumps to 6.4% in November. Japan foreign currency reserve assets soar to $1.1 trillion in November. Japan Airlines is likely to get a loan guarantee of as much as $7.8 billion.
- Mayank Mehta
- 07 Dec, 2009
- New York City
Stocks in Mumbai traded lower after rupee weakened and gold prices edged lower. Edserv Softsystems Ltd plans to raise $25 million. GVK Power acquires 17% stake in Bangalore airport project from Larsen Toubro. Dr Reddys Lab falls.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
German orders in October fell 2.1% from September and declined 8.5% from a year ago month. Greece led the decliners in region after S&P placed its debt on a watch list. Thales and Safran negotiate to reorganize and swap assets. The retailer, Arcandor AG surges on the improved business outlook.
- Mayank Mehta
- 07 Dec, 2009
- New York City
UK stocks wavered as the commodities declined and the dollar was on the rise in European trading. Shanks Group surges after Carlyle Group makes an unsolicited offer. Banks retreated after Chancellor of Exchequer Darling said that he will tax excessive bonuses at banks.
- Mayank Mehta
- 07 Dec, 2009
- New York City
Nvidia Corp and AMD increased after Intel canceled its latest graphic chip. MetroPCS gained on positive comments. AsiaInfo Holdings acquired China based Linkage Technologies for $730 million. Healthcare stocks advanced as the U.S. lawmakers debate the industry reforms.
- Mukesh Buch
- 07 Dec, 2009
- New York City
U.S. stocks and the dollar are edging higher as the rate increase speculation swirl the market. Citigroup trades lower after the Kuwait Investment Authority sells its entire stake and earns $1.1 billion profit. Gold and crude oil are on the decline in New York and London.
- Darlington Musarurwa
- 04 Dec, 2009
- New York City
Stocks in Australia declined as commodities prices faltered. CBA lifted rates on various loan products by as much as 0.5% following the decision of the Reserve Bank of Australia. Lend Lease considers buying ING Retail Property Fund.