- Darlington Musarurwa
- 08 Dec, 2009
- New York City
Japan to unveil 7.2 trillion yen or $81 billion additional stimulus that will offer a mix tax rebate, increased loans to small businesses and support to the struggling job market. Bankruptcies fall 11.4% in November in Japan. Current account surplus in October increased 43%.
- Mayank Mehta
- 08 Dec, 2009
- New York City
The Indian government plans to increase its spending by $5 billion to support food, fertilizer and energy prices. Auto sales in November surged 61% as small cars drive sales. Bus, truck and motor cycle sales also gained. JSW Energy initial public offering was oversubscribed on the second day.
- Mayank Mehta
- 08 Dec, 2009
- New York City
German seasonally adjusted industrial production decreased 1.8% in October from September. Production declined 12.4% from a year ago. BMW and Volkswagen sales increased in November. Greek stocks and bonds decline.
- Mayank Mehta
- 08 Dec, 2009
- New York City
Dubai worries dominated trading in London. The UK benchmark index declined after commodities and banks closed lower. Royal Bank of Scotland and Standard Chartered led the decliners in the sector. Tesco same store sales increased 2.8% in the third quarter.
- Mayank Mehta
- 08 Dec, 2009
- New York City
The grocery retailer Kroger declined after it reported weaker than expected quarterly results. Toro Company, Imperial Sugar Co and H&R Block declined after reporting quarterly losses. RELM Wireless surges after it was selected as a radio equipment contractor by federal agencies.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
U.S. stocks and gold declined as the dollar edged higher. European and the Middle East markets fell. Banks in Europe and UK traded lower. Dubai and Saudi Markets dropped for the sixth day as investor fear rising losses at Dubai World and acrimonious discussion with bondholders.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
Dubai World debt negotiations may be acrimonious as bond holders demand control of assets and threaten legal action in Europe and the U.S. The sukuk issued by Nakheel dropped in London trading as investors fear mounting losses may erode asset values.
- 123jump.com Staff
- 08 Dec, 2009
- New York City
Greek stocks and bonds decline as rating agencies clamor for a possible downgrade and investors fear deteriorating government financials. Though investors demand higher yield on bonds, Greece is not alone when it comes lack of fiscal discipline in Europe.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
Home builders and property developers gained on the expectations that China will maintain loose monetary policy. Stocks were mixed in the region. Nine companies open their initial public offering subscription in Shanghai this week. However, the Rusal IPO may be delayed till the next year.
- Darlington Musarurwa
- 07 Dec, 2009
- New York City
Australian job ads jumped 5.2% in November but still 34% lower from a year ago. New Zealand home prices rise 1% in November. The Australian dollar edged lower but closed at 91.25 U.S. cents. Weak commodities prices dragged stocks lower. BHP and Rio Tinto agree on iro ore production venture.
- Mukesh Buch
- 07 Dec, 2009
- New York City
U.S. socks wavered after Fed Chairman Bernanke comments suggested uneven and slow economic recovery. Gold and crude oil futures declined. FedEx lifted its latest quarter results to $1.10 a share from the previous estimate between 65 cents and 95 cents a share.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
Japan bank lending declined 0.9% to 422.2 trillion yen in November. Tokyo office vacancy jumps to 6.4% in November. Japan foreign currency reserve assets soar to $1.1 trillion in November. Japan Airlines is likely to get a loan guarantee of as much as $7.8 billion.
- Mayank Mehta
- 07 Dec, 2009
- New York City
Stocks in Mumbai traded lower after rupee weakened and gold prices edged lower. Edserv Softsystems Ltd plans to raise $25 million. GVK Power acquires 17% stake in Bangalore airport project from Larsen Toubro. Dr Reddys Lab falls.
- 123jump.com Staff
- 07 Dec, 2009
- New York City
German orders in October fell 2.1% from September and declined 8.5% from a year ago month. Greece led the decliners in region after S&P placed its debt on a watch list. Thales and Safran negotiate to reorganize and swap assets. The retailer, Arcandor AG surges on the improved business outlook.
- Mayank Mehta
- 07 Dec, 2009
- New York City
UK stocks wavered as the commodities declined and the dollar was on the rise in European trading. Shanks Group surges after Carlyle Group makes an unsolicited offer. Banks retreated after Chancellor of Exchequer Darling said that he will tax excessive bonuses at banks.