- 123jump.com Staff
- 09 Sep, 2009
- New York City
The Swiss private bank Julius Baer plans to spin off its asset management unit Artio Global Investors. The proceeds will be used to repay Julius Baer and two principal shareholders.
- 123jump.com Staff
- 08 Sep, 2009
- New York City
Australian stocks edged higher after a steady rise in copper, gold and silver prices. SUNCORP completed its bond offering of A$1 billion guaranteed by the Australian government.
- 123jump.com Staff
- 08 Sep, 2009
- New York City
Weak dollar prompted a rise in crude oil, gold and silver. Stocks edged higher on the back of resource stocks and Kraft offered $16.5 billion for Cadbury Plc. UK and German manufacturing advanced in July. Treasury auction of $38 billion of 3-year notes drew higher than average response.
- Mayank Mehta
- 08 Sep, 2009
- New York City
German industrial output declined 0.9% in July but exports increased 2.3% to
- 123jump.com Staff
- 08 Sep, 2009
- New York City
Deutsche Telekom and France Telecom joint venture will lead the UK market in mobile subscribers. The merged company hopes that combining operations will lower network maintenance costs and keep customers loyal to their services.
- Mayank Mehta
- 08 Sep, 2009
- New York City
UK stocks edged higher after commodities prices increased and UK manufacturing index suggested a sharp gain in July. Deutsche Telekom and France Telecom agreed to form merge operations to form the largest mobile phone service provider in UK. Miners jumped on a rise in copper, gold and silver prices.
- Mayank Mehta
- 08 Sep, 2009
- New York City
Gold miners scaled higher after gold crossed $1,000 price and silver traded at 13-month high above $16 an ounce. Allegheny Technologies gained after it signed ten year contract with Rolls Royce. Kraft declined after it offered $16.5 billion for Cadbury Plc. Odyssey Re surged on unsolicited offer.
- Mayank Mehta
- 08 Sep, 2009
- New York City
Stocks in India edged higher after foreign investors add to holdings and gold surged above $1,000 mark. Merger activities and steady announcements of corporate financing to fund business expansion have sustained investor momentum.
- 123jump.com Staff
- 08 Sep, 2009
- New York City
A surge in commodities prices and merger activities are expected to lift stocks higher at the opening. World stocks gained for the fourth day in a row after gold traded at six months high and silver at 13-month high. Kraft $16 billion bid for Cadbury is expected to attract more interest.
- 123jump.com Staff
- 07 Sep, 2009
- New York City
Stocks in Tokyo rebounded after finance officials from G-20 nations pledged to keep global stimulus in place. Dollar edged lower against yen. Showa Shell plans to increase solar panel output ten-fold. Japan Steel Works estimates sharply higher China nuclear plant construction.
- 123jump.com Staff
- 07 Sep, 2009
- New York City
Australian dollar reached a high last seen in eleven months of trading as job advertising index showed a rebound and construction activity remained subdued. Sigma Pharmaceuticals was halted after the company is in a deal to buy assets of Bristol-Myers Squibb.
- Mayank Mehta
- 07 Sep, 2009
- New York City
Deutsche Telekom and France Telecom agreed to merge their UK operations as recession erodes revenues and profits. German factory orders increase for the fifth month in a row. Euro gains against dollar and yen. Technip SA surged after it was selected to replace Air France in CAC-40 index.
- Mayank Mehta
- 07 Sep, 2009
- New York City
UK stocks surged after Cadbury rejected 10.2 billion bid from Kraft. The unsolicited bid offered 74 pence a share and Kraft is likely to return with a higher bid. Whitbred surged after it estimated net for the year at the upper end of the range and sales at Costa unit increased.
- Mayank Mehta
- 07 Sep, 2009
- New York City
Mumbai stocks advanced as rainfall picked up in the last week. Rain deficit at the end of last week across the nation is now 21%, lower than 35% a month ago and 50% in June. The Oil India IPO receives lukewarm response on the first day of subscription.
- Mayank Mehta
- 04 Sep, 2009
- New York City
The WTO rules against Airbus 380 subsidies provided by EU to EADS. Air France KLM plans to eliminate 1,500 staff and reduce cargo capacity by 15%. Deutsche Telekom is in talks to sell its T-Mobile UK unit. PSA Peugeot Citroen and Mitsubishi Motors are planning a joint venture to sell electric cars.