- 123jump.com Staff
- 11 May, 2009
- New York City
More banks use the current market conditions to raise additional capital and cut dividend to meet regulatory capital requirements. Capital One, KeyCorp, BB&T Corp and U.S. Bancorp filed or declared to raise capital.
- 123jump.com Staff
- 11 May, 2009
- New York City
Australian business conditions improve in April. Santos to raise A$3 billion for expansion in Papua New Guinea and repay $600 million of hybride securities issued in 2004. Exxon controls 41% stake in the venture. Fortescue Metals Group may list its shares in Shanghai.
- 123jump.com Staff
- 11 May, 2009
- New York City
Stocks in Tokyo edged higher and yen declined 1.3%. The commodities prices in the region remained elevated as the optimism about global economy prevailed. Financials and real estate companies led gainers. Orix surged on estimate of 37% income rise but Bridgestone dropped 7% wider loss.
- 123jump.com Staff
- 10 May, 2009
- New York City
Web content delivery company first quarter revenue grew 12% to $210.4 million and net income grew marginally to $37.1 million. Earnings per share were flat at 20 cents. The company also announced $100 million share repurchase program to be funded by cash from operations.
- 123jump.com Staff
- 09 May, 2009
- New York City
Bank of America filed to raise $17 billion in common stock and $3 billion offering debt that is not guaranteed by the FDIC. The bank had Tier 1 capital ratio of 10.1% and Tier 1 common capital ratio of 4.49% at the end of the first quarter.
- 123jump.com Staff
- 09 May, 2009
- New York City
Wells Fargo completed its common stock offering today and raised $8.6 billion. Morgan Stanley priced its stock offering at $24 a share and including debt raised a total of $8 billion. Bank of America filed to sell 1.25 billion shares.
- 123jump.com Staff
- 08 May, 2009
- New York City
U.S. stocks rebounded after nineteen banks gained. The stress results reassured investors that banks are strong enough to withstand adverse economic conditions in the next two years.Fifth Third Bancorp soared 59%, SunTrust Banks, Inc advanced 12% and Marshall & Ilsley gained 28%. Oil inched to $60.
- 123jump.com Staff
- 08 May, 2009
- New York City
Stocks in Europe close higher after the release of jobless data in U.S. The banks rebounded on the optimism stirred after the U.S. Fed reassured investors about the health of largest banks. Luxottica surged 10% after net fell 22.5%. Commerzbank net loss surged to
- 123jump.com Staff
- 08 May, 2009
- New York City
UK stocks rallied on the back of positive trading sentiment after lower than expected jobless claims in the U.S. Royal Bank of Scotland surged on 26% increase in revenues. Miners climbed higher on a rise in commodities prices. Producer Price index increased at a faster pace in April.
- 123jump.com Staff
- 08 May, 2009
- New York City
Ahead of last phase of parliament elections, stocks in Mumbai declined. Commodities prices fell. Wholesale price index increased at 0.7% as measured inflation hovers near three-decade low. DLF founders are in a deal to sell stake in the company and raise at least $420 million.
- 123jump.com Staff
- 08 May, 2009
- New York City
Hong Kong Monetary Authority reassured investors that banks have adequate capital after conducting their own tests. The central bank also suggested that the island is attracting net capital which contributed to the rally in the last seven sessions. Foreign currency reserves increase by $7.1 billion.
- 123jump.com Staff
- 08 May, 2009
- New York City
Financials and insurers surged after the U.S. regulators required only ten banks to raise $75 billion. Investor were cautious after larger than expected loss at Toshiba and an estimate of loss at Fuji Heavy Industries. Toyota annual sales declined 22% and estimated operating loss in fiscal 2010.
- 123jump.com Staff
- 08 May, 2009
- New York City
The Reserve Bank of Australia estimated that the economy will shrink at 1.2% by the second quarter and regain its momentum by the end of the year. The bank cited strength of its exports and links to China and stable financial sector in the county. OZ Minerals urges investors to support China deal.
- 123jump.com Staff
- 07 May, 2009
- New York City
The results of stress tests released this evening may not quiet the debate about the methods of tests and if banks are adequately capitalized. The regulators asked ten of the nineteen banks to raise $75 billion by November and indicated that most banks are healthy to withstand adverse economy.
- 123jump.com Staff
- 07 May, 2009
- New York City
U.S. stocks opened higher on comments from Treasury Secretary but closed lower ahead of stress-test results. The central banks in Europe and England took accommodative stance to the economy. The ECB lowered rates and BoE increased its plan to purchase government debt and kept the rate unchanged.