- 123jump.com Staff
- 27 Feb, 2009
- New York City
Bank nationalization fears drag European shares down. Deutsche Telekom gains on better than expected earnings. Germany inflation unexpectedly climbed in February weighing the sentiment in trading in markets in Germany, France and Switzerland.
- 123jump.com Staff
- 27 Feb, 2009
- New York City
The Interpublic Group led gainers in the S&P 500 index with a rise of 3.0%. The Gap, Inc post lower profits. MoneyGram International, Inc turns a fourth quarter profit. Warner Chilcott Limited swings to loss in fourth quarter. Banks fell after Treasury converted its preferred share to common stocks.
- 123jump.com Staff
- 27 Feb, 2009
- New York City
India foreign exchange reserves falls $165 million in the week ending February 20. India
- 123jump.com Staff
- 27 Feb, 2009
- New York City
Agricultural Bank of China to issue Rmb350 billion bonds in 2009. In Shanghai trading stocks fell for the third day in a row and closed down more than 7% for the week. Investors are increasingly revising their economic expectations outlook downward as global economic crisis deepens.
- Darlington Musarurwa
- 27 Feb, 2009
- New York City
Australian stocks ended flat on disappointing earnings at both Woolworths and OZ Minerals. Energy stocks helped trim losses as crude oil prices rose 6.4% to $45.2 per barrel. Woolworth reported sales rise of 9% and net income increase of 10%. OZ Minerals reported net loss.
- 123jump.com Staff
- 27 Feb, 2009
- New York City
Industrial production in Japan drops 10% in January. The sharp decline in production was led by the slowdown in machinery, automobiles and other industrial products manufacturing. The production plunged 31% from a year ago. Japan Lower House of parliament passed 88.5 trillion yen budget.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
President Obama proposed a budget that increase tax for wealthy, multinationals and oil companies, increase spending on infrastructure and defense and cut subsidies for rich farmers, leveraged buy out deals and healthcare payments. He also proposed to spend heavily to shore up faltering banks.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
European stocks rebound after a decline for four days in a row on the optimism that the region wide government bailout of the banking sector will stabilize financial markets. German unemployment increased for the fourth month in a row.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1%. Aegean Marine Petroleum Network, Inc posts strong fourth quarter earnings. Donaldson Company, Inc second quarter profit down slightly. General Motors Corporation reports $9.6 billion loss for fourth quarter.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
Inflation in India dropped. The weekly measure of annualize inflation index declined to 3.36% at the end of second week in February, lifting market averages. The commerce minister Nath announced additional measures to boost traditional goods and estimated exports of $175 billion in the current year.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
Global markets continue to trade downward as economic slump widen around the world and U.S. lawmakers waver. Japan automakers slash production. General Motors report second worst annual loss. UBS replaces its chief in less than two years and looks for ways to slash operating costs.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
The software services provider quarterly revenues rose 26% to $753 million. Net income increased 17% to $112.3 million in the quarter. Earnings per share rose to 38 cents from 32 cents a year-ago quarter. The company estimates revenues to be at least $735 million in the first quarter of 2009.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
China unveils stimulus package for nonferrous metals and logistics sector. Trade between Japan and China is expected to decline in 2009 for the first time in eleven years as global market conditions weaken.
- Darlington Musarurwa
- 26 Feb, 2009
- New York City
Three largest automakers in Japan slash production as domestic market remains weak and exports to the U.S. plunge. Toshiba Corp is in a deal to build two nuclear power plants in south Texas. Rising oil prices dragged commodities linked stocks lower.
- 123jump.com Staff
- 26 Feb, 2009
- New York City
Australian stock indexes rose fractionally after capital expenditure advanced more-than-forecasted in the three months to December. Energy stocks also increased as crude oil prices increased to $42 a barrel. Lend Lease operating profit in the six months ended December dropped 27%.