123jump.com Staff
25 Mar, 2010
New York City
U.S. stocks lost early gains at close and U.S. Treasury bond yield increased for the second day this week. Treasury auction of 7-year note of $32 billion was disappointing. The dollar advanced after the ECB President Trichet criticized the IMF involvement in Greece bailout.
123jump.com Staff
25 Mar, 2010
New York City
Mumbai investors showed higher risk appetite despite elevated wholesale inflation. Reserve Bank of India is increasingly likely to raise rates and sacrifice growth in the short term. Kuwait based Zain is near agreement to sell its African mobile telecom business to Bharti Airtel.
123jump.com Staff
25 Mar, 2010
New York City
UK stocks closed higher after February retail sales were ahead of expectations and surged the most in seventeen months. Thomas Cook gained on higher summer bookings. Next Plc soared on better than expected sales and earnings. Clinton Cards Plc forecasted higher annual sales.
Mayank Mehta
25 Mar, 2010
New York City
European markets closed higher after Germany and France workout an agreement to support Greece with the help from the IMF. The euro advanced. Hermes International fourth quarter sales surged 11% but annual earnings edged lower. Hochtief AG soared on a 25% rise in net income.
Mayank Mehta
25 Mar, 2010
New York City
Best Buy Co. soared after it reported higher than expected sales and net income in the fourth quarter. ConAgra Foods declined after quarterly sales softened 1%. Citigroup Inc added after U.S. Treasury prepares to sell its 27% stake. Caterpillar and Deere book higher healthcare costs.
123jump.com Staff
25 Mar, 2010
New York City
European leaders agree on the need to involve the IMF and offer bilateral assistance to Greece. Greek bonds gained and the euro advanced against the dollar the pound. Financial markets in Europe edged higher.
123jump.com Staff
25 Mar, 2010
New York City
U.S. stocks traded higher after jobless claims declined. The euro edged up after the EU leaders appear to endorse bilateral loans and support from the IMF for Greece. Dubai government offered $9.5 billion support to Dubai World, easing concerns of a default.
Darlington Musarurwa
25 Mar, 2010
New York City
Reserve Bank of Australia noted the commercial real estate loan losses are a significant concerns but bank profits are expected to be on the rise. The RBA official also noted separately that inflation is likely to decline in the coming months. Woodside Petroleum denies Santos merger talks.
Mayank Mehta
25 Mar, 2010
New York City
Prime Minister Yukio Hatoyama showed his willingness to discuss the increase in consumption pledge. He had focused his campaign on lowering taxes and eliminating wasteful spending. Steelmakers in Japan face as much as 100% hike in iron ore price from Brazil shipments.
123jump.com Staff
25 Mar, 2010
New York City
Revenues rose 6.5% to $4.73 billion & net income rose 111% to $496.4 million or $1.01 a share. Gross margin was 46.9%, a 300 basis point increase over the prior year. Comparable sales for brick-and-mortar Nike-owned retail stores rose 17% & online sales grew 25%. Inventory was down 27% year-on-year.
123jump.com Staff
24 Mar, 2010
New York City
China and U.S. spar to decide the future direction of yuan. Several U.S. lawmakers are working on new legislations to push China to revalue the currency. China ended three-day bribery trial of Rio Tinto Group executives. BOC Hong Kong (Holdings) Ltd 2009 net profit rises 310%.
Mayank Mehta
24 Mar, 2010
New York City
Australian dollar and stocks edged lower. China ended its three day bribery trial involving Rio Tinto Group four executives. Brambles Ltd is scheduled to raise $750 in bond offering. BHP Billiton and Rio Tinto rise on the expectations of higher prices set by Vale SA of Brazil.
Mayank Mehta
24 Mar, 2010
New York City
Japanese lawmakers approved 92.3 trillion yen or $1 trillion budget for the next year starting April 1 and the government plans to raise 44 trillion yen through bonds. February exports surged 45.3%, the fastest pace in three decades as demand recovers in China, Europe and the U.S.
Mayank Mehta
24 Mar, 2010
New York City
Stocks in U.S. and Europe traded lower on the worries that rising sovereign debt will crimp nascent recovery. U.S. and UK bond yields advanced. New home sales in the U.S. declined, factory orders gained. EU leaders struggle to devise a bailout plan for Greece. UK debt plans drag the pound.
Mayank Mehta
24 Mar, 2010
New York City
Chancellor of Exchequer Darling trimmed his budget deficit forecast by 8% to 567 billion over the next five years. He also targeted deficit to shrink from 11.8% to fall to 4% by April 2015. The government plans to borrow
