Mayank Mehta
31 Mar, 2010
New York City
Cnooc Ltd, the largest Chinese offshore energy explorer reported 2009 net declined 34% after oil prices dropped more than 70%. China Merchants Holdings second half net dropped 10%. Huawei Technologies 2009 net more than doubled.
123jump.com Staff
31 Mar, 2010
New York City
Australia
Darlington Musarurwa
31 Mar, 2010
New York City
Stocks declined after February wages fell 0.6%. Wages fell primarily on fewer overtime hours and reduced manufacturing employment. Housing starts drop 9.3% to 56,527 units in February. In trading shipping companies closed higher on the expectations of rising freight rates.
123jump.com Staff
31 Mar, 2010
New York City
A rally in metals and oil failed to lift stocks after private employers cut more than expected jobs in February. Gold gained for the sixth quarter in a row and oil traded at 17-month high. Agriculture commodities declined after higher than expected level of inventories and planting.
Mayank Mehta
31 Mar, 2010
New York City
UK stocks traded weak. Investors remained focused on the weakness in Greek bonds and continued worries about the UK housing market. Northern Foods plc said quarterly sales dropped. Pinewood Shepperton plc profits declined. Dairy Crest Group lifts profits outlook.
123jump.com Staff
31 Mar, 2010
New York City
European markets closed lower as investors debate the direction of the euro. Greek bond yields rose for the third day in a row on the worries that Greece may need more emergency funding. The first estimate of inflation in the euro zone was 1.5%. Steelmakers prepare to pass 20% price hike.
Mayank Mehta
31 Mar, 2010
New York City
SAIC, Inc declined after it missed quarterly earnings and lowered the annual earnings outlook. Rite Aid Corporation declined after it reported narrower quarterly loss but margins and sales were weaker than expected. Ford Motor Company declined ahead of warrants sale.
Mayank Mehta
31 Mar, 2010
New York City
Stocks in Mumbai traded lower after rising for two weeks. February industrial output is expected to increase 16% from a year ago. Exports in the month surged 34.8% to $16.09 billion. Sugar crop in the current season is expected to surge 26% to 18 million tons.
123jump.com Staff
31 Mar, 2010
New York City
U.S. stocks traded lower after private employers cut jobs in February surprising most economists. Crude oil inventories at the end of last week increased but gasoline inventories edged up less than expected. New orders for manufactured goods increased in seven of last nine months.
Mayank Mehta
30 Mar, 2010
New York City
Markets in Shanghai and Hong Kong closed up a fraction. Cheung Kong 2009 net profit rises 53%. Hutchison Whampoa Ltd 2009 net profit gained 12% and revenues declined 14% and Li Ka-Shing said he may consider raising dividend. China Construction Bank said it has no immediate plans to raise funds.
Darlington Musarurwa
30 Mar, 2010
New York City
Australian stocks edged a fraction higher. BHP Billiton said it finalized iron ore shipment quarterly contracts with most customers in Asia. Newcastle coal exports rise 54%. Leighton Holdings to update debt investors.
Darlington Musarurwa
30 Mar, 2010
New York City
Stocks in Japan closed higher after February unemployment rate was unchanged at 4.9% in February and industrial production declined 0.9% in month. Steelmakers in Asia finalized their short term contracts with iron ore producers that track spot prices instead of annual price contracts.
123jump.com Staff
31 Mar, 2010
New York City
U.S. stocks drifted in the positive territory after consumer confidence index increased and home price index showed an improvement in large cities. European markets closed weak after Greece struggled with the sale of bonds and Iceland debt rating was revised lower. Apple, Verizon gained.
Mayank Mehta
30 Mar, 2010
New York City
UK revised its estimate of the fourth quarter GDP growth to 0.4% from 0.3% and current account deficit declined sharply. Gartmore Group Ltd plunged 31% after it suspended a key fund manager. Kazakhmys Plc 2009 profit dropped 39% on lower metals price. Mouchel Group plc swung to a loss in first-half.
Mayank Mehta
30 Mar, 2010
New York City
European markets closed lower after the rating agency S&P lowered its rating on Iceland debt. Greek bonds declined on the first day of trading on the worries that the nation will struggle with deficit reduction. Swiss Life net declined 20% in 2009.
