- 123jump.com Staff
- 12 Feb, 2009
- New York City
China coal exports fall 36.3% to 3.66 million tons in January. China approves stimulus package for shipbuilding industry. Chinalco agrees to invest $20 billion in Rio Tinto. Chinalco agreed to a $13 billion asset sale and $7 billion convertible note issue with Rio Tinto today.
- 123jump.com Staff
- 12 Feb, 2009
- New York City
In Mumbai trading stocks declined after industrial production fell. The index for production fell 2% in December from a year ago and is likely to remain weak for January month as well. The annualized measure of inflation at the end of January declined to 4.4% from 5.07% a week ago period.
- 123jump.com Staff
- 11 Feb, 2009
- New York City
XL capital surges 61%. Applied Materials plunges on first quarter earnings. ArcelorMittal declined on fourth quarter loss. Choice Hotels International, Computer Sciences Corporation, Level 3 Communications Surge.
- 123jump.com Staff
- 11 Feb, 2009
- New York City
Banks and financial rebounded. The U.S. Senate is prepared to vote for a bill that is smaller than the one passed by the House with fewer benefits for businesses. In trading, financials rebounding. Citigroup, Bank of America and Regions Financial gained more than 8%. XL Capital surged 61%.
- 123jump.com Staff
- 11 Feb, 2009
- New York City
The British pound dropped against euro, yen and dollar as the Bank of England lowered its estimate of inflation and economic growth. The bank now estimates inflation to drop to 0.5% and economy to shrink at 4% annual rate in the first quarter. The pound continues to trade weak.
- 123jump.com Staff
- 11 Feb, 2009
- New York City
European market indexes edged higher and recover from the morning losses after Credit Suisse reported wider than expected loss. Arcelor Mittal and PSA Peugeot Citroen SA recorded a loss of
- 123jump.com Staff
- 11 Feb, 2009
- New York City
Exports from China dropped 17.5% in January and imports plunged 43%. Total foreign trade surplus in the month surged 102% to $51.43 billion in the month. Stocks in Hong Kong dropped sharply on the weakness in financial on the lack of clarity in the U.S. bank bailout plan.
- 123jump.com Staff
- 11 Feb, 2009
- New York City
The latest read on consumer confidence index in Australia showed a decline in February. Weak job market and falling home values contributed to the consumer anxieties. In trading, stocks edged lower with weakness in financials and miners.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
U.S. stocks dropped after Treasury Secretary disappointed investors with sketchy plan for bank bailout. He also proposed to release $2 trillion to banks under tighter conditions but did not say how he will fund the plan. Financials dropped sharply.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
European Stocks decline for the second day on the worries that the U.S. economic stimulus may not be enough and bank bailout efforts may fall short of expectations. UBS posts record 13 billion euro loss and cuts additional staff. After the close, U.S. indexes dropped more than 4%.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
Brooks Automation plunges on first quarter loss. Expeditors International, IntercontinentalExchange and Molson Coors Brewing Company surge. General Motors Corporation cuts 10,000 salaried jobs.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
The budget deficit in India forecasted to widen 6% in fiscal 2009 according to investment banker Kotak Mahindra Bank. India Tea Production Rises 4% to 981 million kilos in 2008. DLF jumped 8.4% to 151.60 rupees on news the company has secured long-term loans of about 2,000 crore rupees.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
Australian market averages fell after a report from National Australia Bank showed business confidence declined to a record in January. Investor sentiment was further weakened after AWB cautioned its first half profit may drop 55% in the first half.
- Darlington Musarurwa
- 10 Feb, 2009
- New York City
Stocks in Tokyo edged lower after consumer confidence dropped the most in 26 years and bad loans in the six months to September rose sharply. The loan quality at nine largest banks deteriorated as exports slow and manufacturing and construction struggles.
- 123jump.com Staff
- 10 Feb, 2009
- New York City
Consumer price index in China eased 1% in January from the same period a year ago and increased 0.9% from December. China Southern Airlines fell 1.5% to HK$1.36 after saying it plans to issue Rmb2.3 billion worth of A shares at Rmb3.16 per share and $148 million worth of H shares at Rmb1 per share.