- Mayank Mehta
- 15 Dec, 2009
- New York City
Best Buy dropped 7% after quarterly results. FactSet Research Systems dropped as much as 10% after it estimated earnings that missed analysts
- 123jump.com Staff
- 15 Dec, 2009
- New York City
Stocks traded sideways in the morning after the release of industrial production and PPI inflation data. The Producer Price Index increased 1.8% in November and total output in the month increased 0.8%. The dollar gains against the euro on the worries that the inflation is gaining a hold.
- 123jump.com Staff
- 15 Dec, 2009
- New York City
Stocks in India declined on the worries that the government is facing a challenge to control food price inflation. GMR is in talks with Singapore based Temasek to raise $150 million for its power project. India hopes to collect $5 billion from its stake sale in NTPC.
- Darlington Musarurwa
- 15 Dec, 2009
- New York City
Property developers in China and Hong Kong declined after the regulators and government announce more measures to control the asset bubble in the sector. China plans to offer more low cost housing and control access to the lenders.
- 123jump.com Staff
- 15 Dec, 2009
- New York City
The Baltic Freight Rate Index continues to decline as the futures of crude oil price weaken further in London trading. The index has been on the decline from its latest peak in late November but still up five times from its low near 800 at the beginning of the year.
- Darlington Musarurwa
- 15 Dec, 2009
- New York City
The Cabinet Office in Japan approved the second budget of $80 billion and to provide access to additional financing to small businesses. The latest survey of businesses suggests more companies are lowering wages in Japan. Shipping lines and resource stocks led the decliners in Tokyo trading.
- Darlington Musarurwa
- 14 Dec, 2009
- New York City
Hong Kong index of industrial production falls 8.6% in the third quarter. Hong Kong and Chinese stocks rise after markets in Asia and Australia gain on the Abu Dhabi bailout of Dubai World. ICBC acquired 10% stake in Hong Kong Mercantile Exchange.
- Darlington Musarurwa
- 14 Dec, 2009
- New York City
New condo for sales in Tokyo increased 10.8% in November. Japan
- Darlington Musarurwa
- 14 Dec, 2009
- New York City
AXA Asia Pacific Holdings receives a sweetened A$12.9 billion offer from AMP and AXA. Woodside plans to raise A$2.5 billion in a rights offering. Westpac launches A$1 billion residential mortgage securities offer, the first bond offering in two years.
- Mukesh Buch
- 14 Dec, 2009
- New York City
U.S. stocks increased after world markets recovered. Abu Dhabi offered emergency lending to Dubai controlled real estate group. President Obama urged large banks to increase lending to small businesses and back his regulatory reform.
- Mayank Mehta
- 14 Dec, 2009
- New York City
Stocks in Mumbai edged lower after November wholesale price index rose. Food prices have been driving the inflation to a record high in the last seven years on weak monsoon. The media group DB Corp IPO was oversubscribed by two times on the first day of subscription.
- Mayank Mehta
- 14 Dec, 2009
- New York City
European markets closed higher after banks rallied in the region. BayernLB will book a total loss of 3.75 billion in the investment related to Austria based Hypo Alpre-Adria. German bonds gained as investor seek safety as Greece grapples with a large budget deficit.
- Mayank Mehta
- 14 Dec, 2009
- New York City
UK stocks edge higher on a rally in banks. Lloyds Banking Group raised
- Mayank Mehta
- 14 Dec, 2009
- New York City
Citigroup declined after it plans to raise $20 billion and repay TARP funds. XTO Energy surges on an acquisition offer from Exxon Mobil. Oshkosh Corp declines 13%. Visa Inc increases after the company was selected for the S&P 500 index.
- Mayank Mehta
- 14 Dec, 2009
- New York City
Exxon Mobil Corp agrees to acquire XTO Energy Inc for $31 billion. The low price of natural gas and impending rise in the demand of clean energy sources played a role in the largest acquisition since the purchase of Mobil in 1998.