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  • 123jump.com Staff
  • 23 Aug, 2007
  • New York City

At the opening in New York, stocks displayed investors enthusiasm.The $2 billion investment from Bank of America in Coutrywide was seen as a vote of confidence by the market. The gains at the opening quickly fizzled after thirty of minutes of trading. In international markets, European stocks ganied a fraction led by rise of 0.7% in Germany and France. In overnight trading the Bank of Japan left the rates unchaged at 0.5%. Several markets in Asia rallied neaer 3%.

  • 123jump.com Staff
  • 23 Aug, 2001
  • New York City

Sensex in India fell sharply in the afternoon trading after the Communist Party passed resolution to oppose nuclear deal with the U.S. The sharp division in the ruling coalition is likely to further complicate the workings of fragile coalition headed by the Congress Party. The specter of fresh election was on the minds of investors. Left parties, Congress, and BJP are at odds but neither prefers to return to general election. Asian markets rallied led by Japan and Hong Kong.

  • 123jump.com Staff
  • 23 Aug, 2007
  • New York City

Nikkei 225 index in Tokyo rose sharply after the Bank of Japan left the rates unchanged. The stocks rallied and yen gained against dollar after the rate decision. Isetan agreed to buy department store chain Mituskoshi for 295 billion yen. The retail industry is consolidating rapidly on declining retail sales and population. Separately, supermanrket sales in July fell 2.8%. Of the Nikkei 225 stocks 202 gained.

  • 123jump.com Staff
  • 22 Aug, 2001
  • New York City

Market averages in new York closed up, 1% higher on merger news. Dubai World agreed to invest in MGM Mirage. E*Trade and Ameritrade explore merger. Oil and natural gas fell. Subprime lending industry laid off 3,500 people and more layoffs are expected. Shanghai closed at a record level as retail investors open more accounts. Japan Prime Minister visiting India, proposed to grow trade five-fold in ten years.

  • 123jump.com Staff
  • 22 Aug, 2007
  • New York City

Stocks in London rallied on mining stocks and cautious interest in banks.Factory orders index for August month rose to 12-year high and indeciated the prices may be increasd. BHP reported record earings in the second half and for the year. Earnings rose 16% to $7.2 billion on sales increase of 21% to $47.5 billion. For the full year earnings rose 28%. Reuters jumped on broker recommendation.

  • 123jump.com Staff
  • 22 Aug, 2007
  • New York City

Stocks in Asia firmed after a week of volatile trading but nervousness persisted in trading. Singapore, Shanghai, India, and Hong Kong led the rise in the region. China Vanke, the largest real estate in the country, plans to raise $1.3 billion. China Citic earning jumped 87%. Rising metals prices lifted stocks of mining companies in India, China, and Australia. BHP Billiton profit rose 28% and Toll Holdings earnings surged 500%.

  • 123jump.com Staff
  • 22 Aug, 2007
  • New York City

Sensex in india rallied and recovered from a sharp loss in previous session. Banks traded lower. Airlines stocks rallied on the news that Deccan plan to hike fares and Kingfisher and Jet Air plan to expand route network in the U.S. and Europe. Bhel jumped on the receipt of 6,500 crore rupees order from Damodar Valley. Reliance Energy and Bharti Airtel gained.

  • 123jump.com Staff
  • 22 Aug, 2007
  • New York City

At the opening in New York, after fifteen minutes of trading, three popular averages raced to near 1% rise. The merger news, firm trading in Asia and Europe, and no new surprises in the credit market helped averages. NYMEX said that it is in merger talks with NYSE Euronext. E*Trade and TD Ameritrade are exploring merger possibilities. Toll brothers reported 85% decline in earnings. BHP Billiton profit rose 28%. MGM Mirage sells 9.5% stake in the company to Dubai World.

  • 123jump.com Staff
  • 22 Aug, 2007
  • New York City

Nikkei 225 index closed nearly unchanged. Nervous investors dumped banks, real estate, and trading companies stocks. A drop in crude oil price helped chemical and airlines stocks. Japan Prime Minister, while visiting India, said in a Parliament address that trade between the two nations will grow three-fold. Trade surplus in July declined 21% to 671.2 billion. Exports rose 11.7% and imports increased 16.9%.

  • 123jump.com Staff
  • 21 Aug, 2007
  • New York City

Markets around the world remained nervous and looked for direction for the U.S. credit market jitters. The Central banks around the world pumped liquidity to the system. Japan, U.S., Europe, and Australia added liquidty. The worldwide injection has now exceeded $200 billion in the last ten days. The Bank of England lent $620 million to an unnamed bank at penalty rate. Oil fell but copper traded firm. Gasoline in New York trading fell. Gold edged lower.

  • 123jump.com Staff
  • 21 Aug, 2007
  • New York City

UK market index FTSE 100 traded volatile but managed to close higher. Renewed worries of credit market malaise in the U.s. kept investors nervous. The Bank of England lent emergency funding to an unnamed bank at a rate of 6.75% after denying for weeks that U.K. banks need such funding. Of the 102 stocks in the index, 51 fell and 49 gained. BHP and other mining stocks led the index stocks.

  • Elena
  • 21 Aug, 2007
  • New York City

European stock markets finished a volatile Tuesday session slightly higher, as lower oil prices boosted the shares of automakers and chemicals firms helping them to offset losses from retailers, insurers and banks, generated by persisting worries about the strength of the global economy. Across the region, France closed up 0.4%, followed by Germany with 0.2% advance and the U.K., up 0.1%.

  • Elena
  • 21 Aug, 2007
  • New York City

U.S. stock averages rebounded in a volatile trading after Senate Banking Committee Chairman Christopher Dodd said Fed Chairman Ben Bernanke is ready to use all tools at his disposal to help relieve the liquidity issues shaking Wall Street. In corporate news, Countrywide Financial jumped 8% on speculations the U.S. biggest mortgage lender could be bought out by Berkshire Hathaway.

  • 123jump.com Staff
  • 21 Aug, 2007
  • New York City

Asian markets diverged in regional trading as Japan, China, and Hong Kong led the gainers. Thailand and India fell on the potical worries. China, in a pilot program, let local residents to invest in Hong Kong stock market lifting index in the early trading in Hong Kong. Earnings from Chalco, largest Aluminum company jumped 9%. China Southern Airline purchases 55 Boeing planes and reported profit in the first half. Philippines reported largest single day gain since 2001.

  • Elena
  • 21 Aug, 2007
  • New York City

Target said its Q2 net income rose 13% to $686 million, or 80 cents a share, up from $609 million, or 70 cents a share a year ago, meeting estimates. Company