- 123jump.com Staff
- 14 Sep, 2009
- New York City
European stocks traded sideways as investors stayed on the sideline on stretched valuations. Schneider Electric signed
- 123jump.com Staff
- 14 Sep, 2009
- New York City
EcoSecurities surged 11% after JP Morgan & Chase subsidiary offers 10% higher than the current bid from Guanabara. Marks & Spencer gains after Morgan Stanley lifts its price target ahead of earnings. The energy metering company Bglobal after it signs a contract with UK subsidiary of Gazprom.
- Mayank Mehta
- 14 Sep, 2009
- New York City
Reliance Industries is looking to invest in international oil fields. The largest private sector oil company in India also operates the largest crude oil refinery in the world is also looking to sell stake in some of the international fields including those in Colombia and Middle East.
- Mayank Mehta
- 14 Sep, 2009
- New York City
Indian Oil Corp plans to invest $12 billion in the next three years to expand crude oil refining capacity. India will begin the 3G wireless auction process on December 7 and hopes to collect $5 billion. Reliance Industries is looking to invest in Brazil and Gulf of Mexico based oil fields.
- Mayank Mehta
- 11 Sep, 2009
- New York City
European markets closed higher as China reported strong economic data for August. Steelmakers gained. Weak crude oil prices dragged energy companies lower. Banks traded mixed in the region. Air France-KLM advanced after passenger load factors improved. Areva SA prices its euro denominated bonds.
- Mukesh Buch
- 11 Sep, 2009
- New York City
U.S. stocks closed lower after rising for five days in a row. For the week, the Dow increased 1.7%, the S&P 500 added 2.6% and the Nasdaq gained 3.1%. The Dow closed just around the same level where it was on September 10, 2008, the day before the terrorist attacks.
- 123jump.com Staff
- 11 Sep, 2009
- New York City
Balfour Beatty wins
- Mayank Mehta
- 11 Sep, 2009
- New York City
Campbell fourth quarter net income declines 25%. National Semiconductor led the decliners in S&P 500 index after fiscal first quarter revenues fell 32%. FedEx surged after it guided higher fiscal first quarter earnings. UPS and Expeditors International rise as well.
- 123jump.com Staff
- 11 Sep, 2009
- New York City
Stocks in New York edged higher after the latest reading on consumer sentiment index rises in August. Gold gains as dollar declines. FedEx gained after first quarter earnings came in at 58 cents a share ahead of its guidance.
- 123jump.com Staff
- 11 Sep, 2009
- New York City
Stocks in Hong Kong and Shanghai advanced after a raft of economic data in China suggested rising economy. Data on retail sales, industrial production, money supply and urban investment for August were better than expected. Exports fell more than anticipated.
- Mayank Mehta
- 11 Sep, 2009
- New York City
Mumbai stocks edged higher after the release of industrial production data. Jet Airways is expected to resume normal schedule after the pilots union is expected to call-off strike today. Sterlite Industries revised its offer for the U.S. based copper mine Asarco by 3% to $2.6 billon.
- Mayank Mehta
- 11 Sep, 2009
- New York City
Australian stocks closed at 11-month high after strong Chinese economic data suggested sustained exports from Australia. Australian dollar closed to 12-month high. The retailer Myer reported higher earnings on stable sales and is expected to initiate public offering by the end of the month.
- 123jump.com Staff
- 10 Sep, 2009
- New York City
Machinery orders in July in Japan fell sharply as demand for capital goods remain subdued. Suntory is in talks to buy Orangina from Blackstone Group and Lion Capital. The dollar edged lower in the Japanese trading.
- 123jump.com Staff
- 10 Sep, 2009
- New York City
The three widely followed indexes increased to new highs for the year as stocks gained for the fifth day in a row. European markets advanced and UK left its rate unchanged at 0.5%. Markets in Asian edged higher as more companies look to raise capital.