- 123jump.com Staff
- 14 Feb, 2008
- New York City
UBS,Swiss Banking group, fell 8% after reporting a loss of 12.5 billion francs. Group Danone fell 3.5% after reporting earnings for 2007 of 4.2 billion euros including the one-time gain of 3.1 billion euros for the sale of biscuits and cereals unit. Net sales in 2007 increased to 12.7 billion euro, an increase of 10% from the continuing business or 5.9% including the acqusition of Royal Numico sales.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
U.S. stocks reversed their earlier gains and declined after cautionary comments from the Fed Chairman Bernanke. He suggested that economy may be sluggish in the near term and banking and housing sectors may face more difficulties. Technology, financials, and brokerage stocks declined. International traded deficit in 2007 fell on rising exports. Trade deficit declined to 5.1% of economy from 5.7% in 2006.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
UK stocks changed course and declined after the comments from the Fed Chairman Bernanke. The cautionary comments put investors on the defensive. He also reiterated that the downside risk to the economy has increased and banking sector may remain under pressure. He sounded optimistic note on the inflation but also suggested that the economic growth in the near term is likely to be sluggish. UK stocks declined, led by a fall in housing and banking stocks on the comments.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
Mumbai stocks surged on Thursday with the benchmark index Sensex gaining 4.8% 817.49 and CNX Nifty rose 5.3% or 5,202.00 levels. Sharp in rise in Europe and the U.S. listed Asian markets. The rally in global markets was triggered by an unexpected rise in US retail sales in January 2008.Petrol prices were revised by two rupees per litet and diesel prices were increased by one rupee. The price hike lifted Indian Oil by 14% and BPCL by 11%.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
U.S. stocks reversed its earlier course and fell after cautious comments from the Fed Chairman Bernanke. The comments highlighted the ongoing correction in the housing market and noted that the housing market may decline further. The Chairman estimated that the near term outlook for the economy is sluggish and noted that downside risks to the growth have increased. Unemployment claims at the end of the last week decreased.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
Australian stocks edged higher after earnings report from Rio Tinto and a rally in Asian markets. Rio Tinto jumped 4.5% after reporting 11% rise in operating earnings and 2% decline in net earings on 32% rise in sales in 2007 from 2006. The better than expected earnings were largesly acheived on higher prodcution of iron ore, copper, and other metals. The company spent $5 billion in capital expenditures.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
Fiscal surplus in Hong Kong is expected to rise to HK$100 billion according to a forecast from the Taxation Institute. The largest surplus since 1999, prompted demands to lower property and other taxes. Bear Stearns and Citic have agreed to lower the price of investment in each other after the recent market slide. Hong Kong stocks gained on the resurging markets across Asia. Shipping lines surged on a rise in the freight price index.
- 123jump.com Staff
- 14 Feb, 2008
- New York City
Stocks in Japan rebounded after the economic growth in the fourth quarter exceeded expectations and better than expected January retail sales in the U.S. In Tokyo trading Nikkei 225 rose 4.3% 13,626.45, and the broader Topix Index increased 3.7%. Markets across Asia jumped between 2% and 5%. Economic growth in Japan accelerated to 0.9% in the fourth quarter from 0.8% in the third quarter despite a weak performance in construction industry.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
L''Oreal reported 8% rise in sales to 17 billion euros and 11% increase in earnings, after excluding one-time gains, to 2.04 billion euros. International sales and new fragrance launch under the Diesel brand contributed to sales. Stora Enso fourth quarter loss of 135.3 million euros and plans to close more paper mills in Helsinki. Hochtief AG, German construction company, reported annual profit of 140 million euros.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
U.S. stocks edged higher after January sales increased 0.3%, surprising the market. Weekly inventories of Crude oil rose at the end of the last week. Coca Cola earnings increased on the gains in the emerging markets. Deere reported higher sales on rising sales. Blue Nile fell 15% after it forecasted flat results for the current quarter. P F Changs, Chinese restaurant chain, edged higher on better than expected sales. News Corp and Yahoo are discussing ways to tackle Microsoft bid.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
UK housing market survey indicated continued soft market conditions according to a survey published by RICS. January survey indicated declining housing prices and rising inventories of unsold homes in January, except in Scotland. Home builders and lenders fell after the report. Unemployment fell in January by 0.2%according to ONS report, a consecutive 16-month decline.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
Corporate Goods Price Index in Japan increased to 3% in January from 2.6% in December on the rising fuel and food prices. Financial Services Administration in Japan reported that sub-prime loan exposures to the U.S. loans of Japanese banks increased in January to 1.52 trillion yen and losses in last quarter ending in December rose to 600 billion yen. Shipping line companies gained on the talks of freight charge increases.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
Mumbai market rebounded after a week of volatile trading. Banks, real estate, and energy related stocks gained. Sensex gained 2.1% to close at 16,949.14 and Nifty increased 1.9% or 91 to close at 4,929 levels. The BSE realty index surged 4.4% or 396 and was the biggest gainer among the sector indices. Unitech, Puravankara, Anant Raj Industries and Housing Development & Infra were the leading gainers.
- 123jump.com Staff
- 13 Feb, 2008
- New York City
Retail sales in January rose 0.3%, unexpectedly, lifting retail and consumer related stocks in the morning trading. weekly inventories report of crude oil showed a rise inventories by 1.1 million barrels. Deere sales and earnings rose above expectations and Coca Cola earnings rose on international sales. Online jeweler Blue Nile fell 15% after it reported lower than expected earnings rise.
- 123jump.com Staff
- 12 Feb, 2008
- New York City
Third largest Swiss bank, Julius Baer filed with the SEC to sell its assset management unit in an initial public offering and raise as much as $1 billion through Goldman Sachs and Merrill Lynch. Credit Swiss Group reported earnings fall of 72% on Sfr1.2 billion of write downs of assets in high risk loans. sanofi-Aventis fourth quarter profit increased 6% tp 1.46 billion euros on cost cutting and higher sales of Plavix.