- 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.
- Mayank Mehta
- 11 Dec, 2009
- New York City
Resource stocks gained after commodities prices increased on the hopes that Chinese industrial growth will sustain the world demand. Christopher & Banks surged after less than expected quarterly sales decline. Retailers gained after government reported higher sales in November. NCR Corp increased on a broker upgrade.
- 123jump.com Staff
- 11 Dec, 2009
- New York City
Finance Minister Mukherjee said that government is likely to meet its tax revenue collection target for the current fiscal year on higher direct tax collection. The Lok Sabha approved additional $5.5 billion in spending. Industrial output jumped 10.3% in October.
- 123jump.com Staff
- 11 Dec, 2009
- New York City
U.S. stocks open higher after commodities and energy prices inch ahead in the early trading. November retail sales increased 1.3% from the revised October sales of 1.1%. November import price index increased 1.7% driven by a surge of 7.3% in fuel prices. Resource stocks trade higher in New York.
- 123jump.com Staff
- 11 Dec, 2009
- New York City
Procter & Gamble agreed to acquire Ambi Pur and toilet care products from Sara Lee Corp for
- Mukesh Buch
- 11 Dec, 2009
- New York City
Markets in Asia closed higher and in Europe traded up at mid-day. Stocks in New York are expected to open higher after Chinese industrial production and retail sales surged more than expected. Commodities in New York and London trade higher on China demand.
- Mukesh Buch
- 11 Dec, 2009
- New York City
Chinese industrial production soared 19.2% in November, trade deficit shrank to the lowest level in the year, retail sales increased 15.8% in the month and consumer prices increased for the first time since January. Industrial production in India also surged.
- 123jump.com Staff
- 10 Dec, 2009
- New York City
U.S. stocks closed higher on the hopes that stable job markets may presage economic recovery maybe taking hold. Crude oil traded below $70 a barrel but managed to close higher. AOL Inc traded lower after it was split-off from Time Warner Inc. Goldman Sachs agreed to limit bonuses in stock payment.
- 123jump.com Staff
- 10 Dec, 2009
- New York City
China took steps to control housing market speculation and imposed additional tax on property that is sold in less than five years. China extended tax rebate for the purchase of automobiles and home appliances. Automakers and electronics retailers increased in Shanghai trading.
- Darlington Musarurwa
- 10 Dec, 2009
- New York City
November unemployment rate decreased 0.1% to 5.7%. Export earnings from mineral resources in three months to September declined 2% as the Australian dollar strengthens. Santos Ltd declined 5% after it guided lower output in 2010.
- 123jump.com Staff
- 10 Dec, 2009
- New York City
Machinery orders in Japan increased 3.2% in October and orders fell 4.5% excluding volatile power machinery orders. The Bank of Japan plans to offer short term lending of 800 billion yen and accept government bonds as collateral.
- Mayank Mehta
- 10 Dec, 2009
- New York City
Markets in Europe stabilized today but face a heightened stress from the possible fallout from Greece and Ireland. German federal deficit in 2010 is expected to increase to 6% of GDP. Inditex nine months net declines. Daimler AG and its workers reach an agreement to maintain jobs till 2013.
- Mayank Mehta
- 10 Dec, 2009
- New York City
UK stocks edged higher after the Bank of England left its key lending rate at 0.5%. The central bank also left its plan to purchase