- Mayank Mehta
- 28 Oct, 2009
- New York City
UK banks declined after the government advances the plan to separate bad loans at three largest troubled banks that are operating under its supervision. Prudential Plc dropped 10% after it reported weak results. GlaxoSmithKline quarterly sales rise on weak pound and one-time sale of H1N1 treatment.
- Mayank Mehta
- 28 Oct, 2009
- New York City
Apollo Group plunged after SEC opened an informal revenue recognition inquiry. Panera Bread rose after its quarterly net surged 38%. Visa Inc swung to a quarterly profit of 69 cents a share. Harris Corporation led gainers in the S&P 500 index with a rise of 8.3%.
- 123jump.com Staff
- 28 Oct, 2009
- New York City
Stocks worldwide are on the defensive. Norway increased its key lending rate by 25 basis points to 1.5% and joins five other nations that have either raised or tightened monetary policy. On the earnings front, SAP, ArcelorMittal and Cannon declined. The dollar gained as investors unwind carry trade.
- 123jump.com Staff
- 27 Oct, 2009
- New York City
Japan raises economic assessment on regional economies. Stocks in Japan fell on weak commodities prices in weak trading in Asia. Honda quarterly profit declined 56% but maintained the outlook. Shippers declined after Kawasaki Kisen dropped after it increased its net loss forecast more than two fold.
- Darlington Musarurwa
- 27 Oct, 2009
- New York City
Hong Kong stocks fell sharply after regulators increased down payment for luxury homes. Property developers are seeking cheaper and more land as home prices have surged 28% in a year. Earnings focus was Baidu.com, China Life Insurance and Ping An.
- Darlington Musarurwa
- 27 Oct, 2009
- New York City
Stocks in Australia and Asia declined after commodities prices fell and the prospect of higher interest rates kept investors on the sidelines. Australia
- Mayank Mehta
- 27 Oct, 2009
- New York City
The Reserve Bank of India set the stage for higher rates and cited gathering inflation forces and strength in the banking balance sheets. Stocks in the broader market fell sharply as banks led the decliners. On the earnings front Tata Motors and Wipro gained but TV Today and United Spirits fell.
- Mukesh Buch
- 27 Oct, 2009
- New York City
Stocks gyrated in New York but markets in Europe, Canada, South America and Asia declined. Earnings related stocks were in focus. Steelmakers declined around the world after U.S. Steel swung to a loss. Mexico, Brazil and Shanghai dropped nearly 3% Japan and HK lost more than 1.5%.
- Mayank Mehta
- 27 Oct, 2009
- New York City
European markets declined in the region with banks leading the losers. ING Groep was suspended from trading on the NYSE Euronext. Dassault Systems intends to acquire certain software related assets from IBM. Daimler Benz net plunged 80%. Michelin SCA quarterly sales fell 11%.
- Mayank Mehta
- 27 Oct, 2009
- New York City
UK stocks in volatile trading edged higher. Commodities prices increased. Banks declined as investors feared tighter EU bailout conditions. BP Plc gained nearly 5% after it reported higher than expected earnings on tighter cost control. Reckitt Benckiser third quarter net increased 25%.
- Mayank Mehta
- 27 Oct, 2009
- New York City
TD Ameritrade third quarter net declined 9% on 1.3% rise in revenues. China based ADRs declined after a drop in the benchmark indexes in Shanghai and Hong Kong. Wynn Resorts, Limited led the decliners in the S&P 500 index with a loss of 8.5%. Potlatch Corp announces senior notes offering.
- Darlington Musarurwa
- 27 Oct, 2009
- New York City
U.S. stocks gyrated after the latest measure of consumer confidence showed a decline. Metropolitan home prices increased for the third month in a row as the tax incentives supported the market. Crude oil gained. BP plc reported better than expected earnings on cost control.
- Darlington Musarurwa
- 26 Oct, 2009
- New York City
Japanese rail technology companies may benefit from new orders from China as it builds high speed links between Beijing, Shanghai and Guangzhou. Toyota Industries Corp. reviews full year profit forecast. JFE Holdings first half profit eases to 28.7 billion yen. Chiyoda Corp drops on revised outlook.
- Darlington Musarurwa
- 26 Oct, 2009
- New York City
Australian producer prices increased at 0.1% in September, smaller rise than expected. The prospects of interest rate increase at the next RBA meeting remain high. The largest sugar refiner, CSR Ltd. plans a rights offering of A$375 million.