- Mayank Mehta
- 04 Sep, 2009
- New York City
Stocks in Mumbai gained despite the weakness in the regional trading. Market indexes closed higher on the monsoon rain pickup, better than expected auto sales and benign wholesale inflation index. Oil India is preparing its public offering. Steelmakers increase production and shipment in August.
- 123jump.com Staff
- 04 Sep, 2009
- New York City
U.S. stocks gained in the morning trading after the release of jobs report. Employers eliminated 216,000 jobs in August and unemployment increased to 9.7% from 9.4% in July. European markets trade up 1% ahead of G 20 finance officials meeting in London.
- Darlington Musarurwa
- 04 Sep, 2009
- New York City
Coal companies surged as merger activities in the sector heats up. Only a day ago Coal India, the state controlled coal miners said that it is looking to acquire coal companies in Australia. Rio Tinto has suspended its price negotiation talks with China.
- Mayank Mehta
- 03 Sep, 2009
- New York City
Australian trade deficit in July increase after imports exceeded exports for the second month in a row. The Australian dollar increased after gold and silver prices surged. Coles Group enters general insurance business. Karoon Gas plans to drill additional areas off the coast of Western Australia.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
Wholesale inflation declined at a slower pace in the latest read and is expected to turn positive in the next few weeks. Markets may come under pressure if inflation accelerates. Thermax India is the latest company to win more power projects as the nation accelerates infrastructure investment.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
U.S. stocks edged higher after the release of mixed August sales. Weekly jobless claims data also were better than expected. Gold and silver gained for the second day in a row. The European Central Bank left its key lending rate unchanged.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
The European Central Bank left its key lending rate unchanged at 1% and indicated that economic contraction has ended but the economic recovery is expected to be uneven and bumpy. Steelmakers and miners gained in trading in the region.
- Mayank Mehta
- 03 Sep, 2009
- New York City
Miners and home builders advanced in London trading. Gold and silver mining related stocks led the gainers. Peter Hambro and Fresnillo surged. Unilever and Experian declined. Home builders Taylor Wimpey and Bovis gained on expectations of higher sales.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
The lifestyle specialty retailer net quarterly sales declined 22.4% to $243 million on same-store sales fall of 24%. Net quarterly loss was $14.2 million despite cost-cutting measures adopted by management. The company lost 22 cents a share versus earnings of 6 cents a share a year-ago quarter.
- Mayank Mehta
- 03 Sep, 2009
- New York City
Family Dollar Stores led the decliners in the S&P 500 index with a loss of 10.7%. SAIC, Inc profit increases on new government contracts. UTi Worldwide Inc second quarter profit declines. American Eagle Outfitters and Costco increase on better than expected August sales.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
Sepracor agrees to a merger offer from Japan based Dainippon Sumitomo Pharma that values the company at $2.6 billion. DPS will benefit from the sales force of 1,200 at Sepracor and plans to sell its schizophrenia and epilepsy and other nasal aerosols.
- 123jump.com Staff
- 03 Sep, 2009
- New York City
U.S. stocks are expected to open higher after the European Central Bank left its key lending rate unchanged at 1%. Companies in U.S, Asia and Europe are planning to raise at least $25 billion in the next two months. The home builder Hovnanian reports 46% decline in sales but reports a smaller loss.
- Darlington Musarurwa
- 02 Sep, 2009
- New York City
Australian stocks edged lower tracking overnight losses in New York and European markets. Westpac completed $3.5 billion of bond offering. Nexus Energy plans to raise A$74 million and Gunns Limited plunged 12.6% after it completed A$115 million offering.
- 123jump.com Staff
- 02 Sep, 2009
- New York City
Stocks in Mumbai closed lower. Monsoon rains for the season are still 25% below long term average. India plans to sell additional stake in NTPC and Rural Electrification Corporation by the end of the fiscal year.
- Mukesh Buch
- 02 Sep, 2009
- New York City
U.S. stocks declined for the fourth day in a row on stretched market valuations and weak volume. Private sector eliminated more jobs in August than expected. Auto sales edge up barely on auto rebate program. Crude oil stayed below $70 on higher drawdown in gasoline inventories. Gold jumped $22.