- Mayank Mehta
- 10 Dec, 2009
- New York City
AOL Inc declined 2.5% after it was spinoff from Time Warner Inc. Ciena Corp declined after its quarterly loss increased. Costco Wholesale Corp fiscal first quarter net meets analysts
- Mayank Mehta
- 10 Dec, 2009
- New York City
Wholesale price index at the end of last week increased and food price index surged the most in eleven years. RBI Governor Rao does not see foreign capital flows contributing to asset bubble and the central bank permitted telecom and builders to access capital in international markets.
- 123jump.com Staff
- 10 Dec, 2009
- New York City
U.S. stocks open higher after weekly jobless claims stabilize and trade deficit declined in October. The Bank of England left its key lending rate at 0.5% and kept in place its bonds purchase plan. Korea and Iceland lowered their lending rates.
- 123jump.com Staff
- 10 Dec, 2009
- New York City
The Bank of England left its key rate to 0.5% and its
- Darlington Musarurwa
- 09 Dec, 2009
- New York City
Mortgage loans in Australia fell 1.4% in October to A$23.3 billion and trade deficit in the month grows to A$2.4 billion. Preliminary estimate of consumer confidence falls 3.8% in December.
- Darlington Musarurwa
- 09 Dec, 2009
- New York City
The fiscal second quarter economic growth was revised downward to annual rate of 1.3% from 4.8% in the previous estimate. Japan plans to issue 44 trillion yen bonds in 2010. Suzuki sold 20% stake in Volkswagen AG and plans to use part of the proceeds to repay debt.
- 123jump.com Staff
- 09 Dec, 2009
- New York City
Crude oil closed lower today and has now fallen more than 12% in the last fifteen days. Gold and U.S. Treasuries edged lower. U.S. stocks closed higher despite worries that emerging markets may suffer another debt downgrade.
- Mayank Mehta
- 09 Dec, 2009
- New York City
The weakness in banks dragged European markets lower at close. Investors fear that debt downgrades at Spain, Europe and emerging nations may generate more losses at banks. VW and Suzuki finalized their cross-investment and joint collaboration.
- Mayank Mehta
- 09 Dec, 2009
- New York City
UK plans to tax banker bonuses with 50% levy and will also increase national insurance contributions to pay for the bank bailout and economic stimulus. BHP Billiton sells Ravensthorpe for $340 million.
- Mayank Mehta
- 09 Dec, 2009
- New York City
Dr Pepper Snapple will receive one time payment of $900 million to license certain brands to PepsiCo. Movado Group plunged after it reported sharply lower quarterly earnings. Kroger and Men
- 123jump.com Staff
- 09 Dec, 2009
- New York City
Volkswagen AG and Suzuki Motor acquire stakes in each other as the German auto maker looks for growth in small car segment in India. VW will pay $2.5 billion for nearly 20% stake in Suzuki. Only a decade ago VW had questioned the need to be in India and relied on China and Brazil of sales increase.
- 123jump.com Staff
- 09 Dec, 2009
- New York City
Stocks in India traded lower but software services providers reached a new annual high. Standard Chartered Bank offered $1 billion of credit line to Essar Oil to fund its refinery purchase Europe. Godrej Properties initial offering is oversubscribed on the first day.
- 123jump.com Staff
- 09 Dec, 2009
- New York City
U.S. stocks trade lower on the emerging market worries and growing fears that Dubai contagion may spread to Greece, Spain, Ireland and other emerging markets. S&P lowered Spain sovereign debt rating by one notch. Crude oil and gold declined.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
U.S. stocks, gold and crude oil declined as banks in Europe edged lower and industrial and financials declined in New York. Dubai worries dragged banks in London. Gold and crude oil fell after the dollar maintained its advance against currencies.