123jump.com Staff
25 Dec, 2009
New York City
Russia lowered its key lending rate by 25 basis points. The tenth rate cut comes after the economy shrank at record 10% in the first half and is expected to decline more than 8% in the year. Rubles edged up against the dollar and the euro and the central bank said risks of inflation above the target rates are small.
123jump.com Staff
25 Dec, 2009
New York City
Financial markets in Japan and China closed lower when most markets around the world are closed to celebrate Christmas. China revised its 2008 economic growth higher and is set to surpass Japan in 2010. Japan passed record $1 trillion budget.
Mayank Mehta
25 Dec, 2009
New York City
Japan passed its record net fiscal year budget of $1 trillion that will lower spending on construction projects and provide more assistance to families and increase spending on education. Unemployment rate increased in November to 5.2% and consumer prices decreased 1.7%.
123jump.com Staff
24 Dec, 2009
New York City
Shanghai and Hong Kong benchmark indexes trade higher. Rising commodities prices lift energy and natural resource and metals processor stocks. In Hong Kong property developers rise ahead of land auction next week. Shanghai stocks rally on a speculation that income tax will be lowered to spur consumption.
Darlington Musarurwa
24 Dec, 2009
New York City
Stocks in Australia gained after copper and gold advanced in international markets. Centro Properties appoints restructuring advisors. Warrnambool Cheese receives two proposals that value the company at A$4 a share. Woodside Petroleum keels nine leases in Browse natural project.
Darlington Musarurwa
24 Dec, 2009
New York City
Stocks in Japan traded higher as investors return to buy stocks on the hopes that the U.S. economy is stabilizing. Bank of Japan Governor Shirakawa said that the economy may stall in the second half of the current financial year. Domestic PC shipments rise 4.8% in November.
Mukesh Buch
24 Dec, 2009
New York City
Markets around the world edged higher in light trading ahead of holiday period in Europe and Americas. U.S. stocks closed up in a short trading session on a rise in durable goods orders. Asian markets lead the world markets gains for the year. Apple Inc gains more than 3% on tablet rumors.
Mayank Mehta
24 Dec, 2009
New York City
Foreign direct investment in India gained in November and portfolio investment in the year approached record 2007 flows. Initial public offerings raised $16 billion, trailing only China. Industrial production in key six industries increased 5.3% in the previous month from a year ago.
Mayank Mehta
24 Dec, 2009
New York City
Alcatel-Lucent selected by Kyivstar GSM for All-IP network transformation in Ukraine. The U.S. drug regulator FDA licenses Sanofi-aventis subsidiary''s new influenza vaccine. The benchmark indexes in Paris and London closed near 15 month high and other markets in Europe were closed.
Mayank Mehta
24 Dec, 2009
New York City
The UK benchmark index added to the gains of the year with 22% rise so far and 53% from its lows in March. Miners led the gainers today with copper, nickel and gold prices edging higher. Balfour Beatty to acquire Strata Construction for
Mayank Mehta
24 Dec, 2009
New York City
Natural resource stocks gain in New York trading on a rise in copper and gold prices. Health insurers declined after the Senate passed its version of healthcare bill. Crane Co acquires the electronics components maker for $52 million Merrimac Industries, Inc.
123jump.com Staff
24 Dec, 2009
New York City
Tech stocks led the gainers in New York trading following the advances in Europe and Asia. The dollar edged up and futures of crude oil and gold traded higher. Weekly jobless claims in the U.S. declined and November durable goods orders increased.
Darlington Musarurwa
23 Dec, 2009
New York City
Japan approves 2010 tax reforms. The direct tax collection is expected to decline but total tax revenues is expected to rise by one trillion yen.
Japan supermarket sales fall 8% to 1.03 trillion in November and retail sales at stores are expected to drop to 13 trillion yen, the sharpest decline in 21 years.
123jump.com Staff
23 Dec, 2009
New York City
Australian stocks edged higher after commodities rebounded after better than expected economic data in the U.S. Telstra is looking to sell its stake in China based real estate Web site Soufun.com. Macarthur Coal Limited bids for Gloucester Coal.
Mayank Mehta
23 Dec, 2009
New York City
Stocks in Mumbai surged after Finance Minister Mukherjee lifted fiscal year economic growth to 8%. Jindal Saw secures orders of $240 million. Lupin settles litigation with U.S. based Forest Laboratories to launch generic tablets. Adani Power Ltd subsidiary wins 1,200 mw power bid in Rajasthan.
