- 123jump.com Staff
- 27 Nov, 2008
- New York City
Stocks in Australia gained on speculation that latest China rate cut will sustain exports of commodities. New homes sales soar 6.7% in october on lower mortgage rates and increase in tax incentives for the first time home buyers. BHP Billiton will let its filing deadline lapse with the EU and UK.
- Darlington Musarurwa
- 27 Nov, 2008
- New York City
Stocks in Tokyo rose 2% on the hopes that the latest rate in cut in China will help exports from Japan. Toix Index gained 1.5%. Inpex soared 10% after crude oil prices increased 7%. Meidensha Corp led the gainers in Nikkei with a rise of 10.1%. Panasonic Corp lowered its full year earnings.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
U.S. stocks rallied in the afternoon on a strenght in tech stocks, 7% rise in crude oil prices and hopes that new economic team will focus on economic growth. Stocks in energy, technology and retail sectors closed higher. The largest Canadian telecom operator BCE leveraged buyout may unravel.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
GDP in the third quarter in UK shrank 0.5% on falling consumer spending and tight credit environment. The British pound fell immediately against dollar and euro. The UK government has lowered taxes and the BoE has lowered interest rate but nearly 1 million people are claiming jobless benefits.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
Stocks in India closed above 9,000 after foreign direct investment in the first six months of the fiscal year surged to $17 billion. The surprise rate cut in China also lifted stocks in the Asian markets. Rupee edged higher and software services export stocks followed. Reliance Industries gained 6%.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
China cut its key lending and deposit rate to stimulate economic activities. Exports from China are expected to decline faster than previously estimated and real estate prices in mainland have plunged more than 25%. China cuts its key lending rate to 5.58%. Chinalco raised its stake in Rio Tinto.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
Australian stocks fell on the rising worries that government budget may slip in negative for the first time in seven years. Separately, OECD lowered its growth estimate for the country to 1.7% in 2009 and revised higher the unemployment projections. Rio Tinto plunged 37%.
- Darlington Musarurwa
- 26 Nov, 2008
- New York City
Stocks in Japan closed lower on falling domestic electronics sales and a sharp decline in U.S. home prices. Investors in Japan are looking for clues for the depth and length of the U.S. recession and its impact on the exports from Japan. Toyota debt rating was lowered to AA from AAA.
- Mayank Mehta
- 26 Nov, 2008
- New York City
Borders Group dropped 52% after the third quarter net loss widened to $175.4 million. BCE Inc, the largest Canadian telecom operator may not be able to complete its privatization plan. Deere & Company dropped 12% on a drop in fourth quarter earnings. Genworth continues its slide.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
The bulk cargo ocean carrier in a preliminary restatement of statements revised accounting of derivatives, hedging of currencies and interest rate risks. The company is currently reviewing its long term incentives for management. The company will book higher liabilities related to joint ventures.
- 123jump.com Staff
- 26 Nov, 2008
- New York City
U.S. stocks edged lower after the new home sales plunged 40% from a year ago in October. The new orders for durable goods orders declined 6.2% in October and orders excluding volatile transportation dropped 4.4%. Stocks in the early hours traded sideways.
- Mayank Mehta
- 25 Nov, 2008
- New York City
BHP Billiton rises and Rio Tinto plunges after BHP withdrew its hostile offer. Chicos, American Eagle, Talbots and Citi Trends rose after the release of earnings. China Finance rose 23% on 109% quarterly revenues gain. Genworth plunges 23%. Goldman Sachs soars 6.5%. Lennar and Horton surge.
- Darlington Musarurwa
- 25 Nov, 2008
- New York City
BHP Billiton drops hostile merger plan with Rio Tinto on difficult financing conditions. U.K. mortgage origination in October plunges 52%. Business investment in the third quarter falls 0.2% to
- 123jump.com Staff
- 25 Nov, 2008
- New York City
Stocks in Mumbai fell on the worries that rising government spending will widen fiscal deficit and global markets weakness will slow exports growth. The economy is likely to grow at a slower pace between 6.5% and 7.5% in the current fiscal year. Reliance Industries drops 8% to 1,050 rupees.
- 123jump.com Staff
- 25 Nov, 2008
- New York City
U.S. stocks edged higher after the Fed extended yet another loan facilities to lift asset and mortgage based markets. The latest move offers up to $800 billion in loan purchases and extends the Fed balance sheet to a new limit. The third quarter GDP decline was revised to 0.5%.