- 123jump.com Staff
- 27 Nov, 2009
- New York City
U.S stocks trade lower tracking losses in Asia and Europe. The three popular indexes the Dow, the S&P 500 and the Nasdaq lost 1.5%. Gold dropped 1.4% and crude oil declined 4%. Investors are rattled as Dubai reschedules $10 billion of debt and seek a better understanding of off-balance sheet debt.
- Darlington Musarurwa
- 26 Nov, 2009
- New York City
The business investment in the three months to September fell 3.9% in Australia surprising economists. Default rate on home loans declined as unemployment rate drops and mortgage rates decline in Australia. BHP Billiton reiterates its intention to strike a joint venture agreement with Rio Tinto.
- 123jump.com Staff
- 26 Nov, 2009
- New York City
The European indexes declined more than 3% after banks fell more than 5%. Banks fell sharply on the worries that exposure to Dubai loans may increase losses. IKB Deutsche Industriebank swings to first-half loss of
- Mayank Mehta
- 26 Nov, 2009
- New York City
Banks in London trading fell sharply on the worries that the recent debt rollover in Dubai may generate losses for UK banks. Barclays, Royal Bank of Scotland and HSBC dropped more than 4%. Daily Mail and General Trust slips to an annual loss in fiscal 2009.
- 123jump.com Staff
- 26 Nov, 2009
- New York City
Emerging markets declined after Dubai, UAE was forced to rollover debt maturing next month. Tata Steel Ltd plunges after Corus unit reports weaker than expected results and swung to a loss. The wholesale price index decreased 0.2% in October from a year ago.
- Mayank Mehta
- 25 Nov, 2009
- New York City
Banks in Europe were under pressure after the Bundesbank estimated additional losses of as much as
- Mayank Mehta
- 25 Nov, 2009
- New York City
UK stocks closed higher after the third quarter GDP estimates was revised to 0.3 shrink from 0.4% fall. London Stock Exchange Group first-half profit declines. Compass Group shares hit 7-year high as fiscal year net beats market view.
- Mayank Mehta
- 25 Nov, 2009
- New York City
Tiffany & Co led gainers in the S&P 500 index with a rise of 4.1%. Coldwater Creek Inc posts $34 million loss. Eaton Vance Corp net surges 39%. H. J. Heinz Co second quarter net falls. Conns Inc third quarter loss widens on charges. Deere & Co reports annual profit.
- Mukesh Buch
- 25 Nov, 2009
- New York City
U.S. stocks traded flat after the weekly jobless claims declined 35,000. October durable goods orders decreased 0.6% and personal income increased 0.2%. Single family new home sales increased 6.2% in the month. Gold trades at a record high.
- Mukesh Buch
- 24 Nov, 2009
- New York City
U.S. stocks declined and gold surged to a new high on the weakness in dollar. Fed minutes showed that officials worried that lowering interest rates may lead to excessive speculation. The third quarter economic growth was revised lower to 2.8%.
- Darlington Musarurwa
- 24 Nov, 2009
- New York City
Australian stocks declined tracking losses in metals and commodities prices. BHP Billiton is in advanced stages to sell its closed nickel mining operation for as much as $500 million. Woodside lowers its production target in the current year by 7%.
- Darlington Musarurwa
- 24 Nov, 2009
- New York City
Banks in Japan closed lower on the worries that more capital will be needed to meet regulatory requirements. Talks of deflation rattled investors. Mitsubishi UFJ Financial Group Inc plans $11 billion offering for the second time this year. The troubled airline JAL restructuring face hurdles.
- Mayank Mehta
- 24 Nov, 2009
- New York City
European markets closed lower and banks led the decliners in the region. The confidence index increased in Germany and was unchanged in France. Daimler AG signs two joint venture agreements with a Russian truck maker.
- Mayank Mehta
- 24 Nov, 2009
- New York City
UK stocks closed lower tracking the weakness in metals and commodities. Lloyds of London plans to raise
- Mayank Mehta
- 24 Nov, 2009
- New York City
Barnes & Noble, Inc meets analyst expectations. Brocade Communications Systems, Inc fourth quarter profit slips and sales increased 31%. ING declines 9%. Medtronic gains after it lifts earnings outlook.