- Mayank Mehta
- 16 Dec, 2009
- New York City
British Air and its cabin crew union meet to avoid a strike during the holiday period. UK unemployment rate for the quarter ending in October was unchanged at 7.9% with 2.49 million unemployed. Banks and miners led the gainers in London trading.
- Mayank Mehta
- 16 Dec, 2009
- New York City
Nvidia Corporation led gainers in the S&P 500 index after the Federal Trade Commission sued Intel for monopolistic behavior. Adobe Systems reported a loss in the fourth quarter. Citigroup is set to price its $22 billion public offering and was sued by Abu Dhabi.
- Mayank Mehta
- 16 Dec, 2009
- New York City
Mumbai stocks edged higher after DB Corp IPO was oversubscribed nearly 40 times. National Stock Exchange will begin trading at 900 am from December 18. More and more Indian companies are looking to operate outside India. Bharti Airtel is looking to acquire a majority stake in a mobile carrier in Bangladesh.
- 123jump.com Staff
- 16 Dec, 2009
- New York City
U.S. stocks are expected to follow the rise in European and the Asian markets as the market awaits the Fed statement and rate decision this afternoon. The CPI in November increased 0.4% after rising at 0.3% in October and the inflation in the Euro zone was 0.5%. UK unemployment was stable at 7.9%.
- Mayank Mehta
- 15 Dec, 2009
- New York City
Stocks in Australia are expected to edge higher. The Australian dollar edged up against the euro but hovers near its recent high against the dollar. The index of leading economic indicators suggests a steady recovery. Fonterra agreed to acquire 51% stake from its partner in a Saudi Arabian venture.
- Mayank Mehta
- 15 Dec, 2009
- New York City
UK inflation in November was 1.9%, just under the Bank of England target of 2%. Home prices in October decreased 2.2%. British Airways strike prompted a scramble to add new seats at Virgin and EasyJet. Whitbread makes
- 123jump.com Staff
- 15 Dec, 2009
- New York City
German investor confidence declined in December, its third monthly decrease in a row. Deutsche Bank estimated record profit in 2011. BNP Paribas completed the sales of $1 billion senior notes. Tui AG full year sales fell 14%.
- Mukesh Buch
- 15 Dec, 2009
- New York City
U.S. stocks and bonds edged lower and the dollar gained on the worries that the inflation is on the rise. The measure of wholesale inflation PPI increased 1.8% and capacity utilization increased but remained well below the norm.
- Mayank Mehta
- 15 Dec, 2009
- New York City
Best Buy dropped 7% after quarterly results. FactSet Research Systems dropped as much as 10% after it estimated earnings that missed analysts
- 123jump.com Staff
- 15 Dec, 2009
- New York City
Stocks traded sideways in the morning after the release of industrial production and PPI inflation data. The Producer Price Index increased 1.8% in November and total output in the month increased 0.8%. The dollar gains against the euro on the worries that the inflation is gaining a hold.
- 123jump.com Staff
- 15 Dec, 2009
- New York City
Stocks in India declined on the worries that the government is facing a challenge to control food price inflation. GMR is in talks with Singapore based Temasek to raise $150 million for its power project. India hopes to collect $5 billion from its stake sale in NTPC.
- Darlington Musarurwa
- 15 Dec, 2009
- New York City
Property developers in China and Hong Kong declined after the regulators and government announce more measures to control the asset bubble in the sector. China plans to offer more low cost housing and control access to the lenders.
- 123jump.com Staff
- 15 Dec, 2009
- New York City
The Baltic Freight Rate Index continues to decline as the futures of crude oil price weaken further in London trading. The index has been on the decline from its latest peak in late November but still up five times from its low near 800 at the beginning of the year.
- Darlington Musarurwa
- 15 Dec, 2009
- New York City
The Cabinet Office in Japan approved the second budget of $80 billion and to provide access to additional financing to small businesses. The latest survey of businesses suggests more companies are lowering wages in Japan. Shipping lines and resource stocks led the decliners in Tokyo trading.
- Darlington Musarurwa
- 14 Dec, 2009
- New York City
Hong Kong index of industrial production falls 8.6% in the third quarter. Hong Kong and Chinese stocks rise after markets in Asia and Australia gain on the Abu Dhabi bailout of Dubai World. ICBC acquired 10% stake in Hong Kong Mercantile Exchange.