- Darlington Musarurwa
- 22 Jan, 2010
- New York City
Australian stocks closed sharply lower on the worries that mining companies may be asked to pay more taxes on future projects. The leaked report raised new uncertainties on the taxation regime. Lower world prices of metals and energy also weighed on the market sentiment.
- Darlington Musarurwa
- 22 Jan, 2010
- New York City
Japan supermarket sales fall 5% to 1.2 trillion yen in December and annual sales declined for the thirteenth year in a row. Toyota Motor Corp. recalls 2.3 million cars to fix sudden acceleration.
- Mayank Mehta
- 22 Jan, 2010
- New York City
Investors in India sold stocks ahead of the RBI meeting. Reliance increased its share of sales in the domestic market and quarterly revenues surged 80%. Bharti Airtel sales rise 1.4%. Discount carrier SpiceJet swings to a profit. Corporation Bank net surges 19%.
- Mayank Mehta
- 22 Jan, 2010
- New York City
European markets closed lower and now in the red for 2009. Investors worried that additional bank regulations and limits on risk ventures is likely to curb future profits at banks. Bwin Interactive is in merger talks with PartyGaming.
- Mayank Mehta
- 22 Jan, 2010
- New York City
UK financials and miners led the decliners for the third day in a row. The benchmark index is in loss for 2010. Miners fell on the worries that China will tighten monetary policy and banks declined on limit on risk taking activities in the U.S. may spread to Europe.
- Mayank Mehta
- 22 Jan, 2010
- New York City
Intuitive Surgical, Inc led gainers in the S&P 500 index with a rise of 10.5%. Google earnings quadruple and sales increase 17%. General Electric net drops 19%. Kimberly-Clark
- 123jump.com Staff
- 22 Jan, 2010
- New York City
Prospects of higher rates in China, India, Korea and Australia prompted fresh worries on global growth. President Obama
- 123jump.com Staff
- 22 Jan, 2010
- New York City
Markets in Europe traded lower and in Asia declined sharply. Gold, copper and crude oil also fell after a surge in Chinese GDP stoked speculation of tighter monetary policies. Industrial orders in the euro-zone increased and UK retail sales in December less than expected.
- 123jump.com Staff
- 21 Jan, 2010
- New York City
President Obama proposed a plan that will limit excessive risk taking by banks with depositors capital and banks are not too big that require a government bailout. Indexes in the New York, Toronto, Mexico City, Sao Paolo and Europe fell between 2% and 2.8%. Gold, copper and crude oil declined.
- Mayank Mehta
- 21 Jan, 2010
- New York City
European markets declined nearly 2% for the second time this week and erased the gains of the year. Banks led the decliners after the U.S. proposed limiting risk taking activities by banks. Euro was under pressure as a measure of economic growth softened.
- Mayank Mehta
- 21 Jan, 2010
- New York City
The UK budget deficit surged in December to a record
- Mayank Mehta
- 21 Jan, 2010
- New York City
Goldman Sachs quarterly and annual earnings exceeded estimates and said it will payout $16 billion in bonuses. Estee Lauder, Seagate Technology, Starbucks and Xerox Corp increased after reporting better than expected earnings. eBay surged after it offered annual earnings outlook.
- Mayank Mehta
- 21 Jan, 2010
- New York City
Stocks and commodities in Sydney trading declined after China reported a surge in economic expansion. The Australian dollar strengthened. New Zealand retail sales increased 0.8%. CBH Resources surged 15% after it struck a deal with Toho Zinc Co.
- 123jump.com Staff
- 21 Jan, 2010
- New York City
Stocks in Japan closed higher after the yen weakened. Japanese electronics makers increase after Korean chipmaker Hynix swings to a profit. Insurance companies closed higher after casualty insurers expand in China.
- Mayank Mehta
- 21 Jan, 2010
- New York City
Stocks in Hong Kong and Shanghai dropped sharply after China reported fourth quarter economic expansion of 10.7%. Resource, auto makers, realtors and banks led the decliners. Copper production surged and crude oil production increased in 2009.