123jump.com Staff
17 Dec, 2009
New York City
Citigroup Inc led the decliners in the S&P 500 index with a loss of 7.2% after it completed the largest public offering of $20.5 billion. The offering of 5.4 billion shares at $3.15 each was below the U.S. Treasury purchase price of $3.25 a share. Conseco declined after it completed $214 million offering.
123jump.com Staff
17 Dec, 2009
New York City
Stocks in New York declined and the dollar advanced. S&P lowered its rating on Greek bonds and investors sought the safety of the dollar and German and Swiss bonds. Unemployment claims increased 7,000 in the previous week and nearly 90% of claimants are on the extended jobless benefits.
Darlington Musarurwa
16 Dec, 2009
New York City
China plans to cap thermal power price hikes. Three initial public offerings were priced on different exchanges in China. China Shipbuilding gained 12% but Henan Huaying surged 80% and Hainan Strait Shipping soared 45%. Foreign direct investment in China increased 32% in November to $7 billion, but fell 10% in the year.
123jump.com Staff
16 Dec, 2009
New York City
Banks in Japan surged after regulators hinted that the capital adequacy required under Basel convention will be delayed for a decade. Japan
Darlington Musarurwa
16 Dec, 2009
New York City
Australian economy expanded 0.2% in third quarter ending in September after expanding at 0.6% in the second quarter. The economy was expanded 0.5% from a year ago. The Australian competition regulators oppose Breville acquisition.
123jump.com Staff
16 Dec, 2009
New York City
Federeal Reserve left its overnight lending rate range unchanged and signaled that the economy is improving and continued its stance of low rates for an extended period of time. Metals and commodities gained in trading. Credit Suisse agreed to a $536 million fine.
Mayank Mehta
16 Dec, 2009
New York City
Banks in Europe gained on the hopes that European regulators will delay the implementation of capital requirement rules. Greece plans to trim its fiscal deficit to 8.7% in the next year and S&P lowered its rating on the Greek sovereign debt. Credit Suisse agreed to $536 million fine from the U.S. and New York regulators.
Mayank Mehta
16 Dec, 2009
New York City
British Air and its cabin crew union meet to avoid a strike during the holiday period. UK unemployment rate for the quarter ending in October was unchanged at 7.9% with 2.49 million unemployed. Banks and miners led the gainers in London trading.
Mayank Mehta
16 Dec, 2009
New York City
Nvidia Corporation led gainers in the S&P 500 index after the Federal Trade Commission sued Intel for monopolistic behavior. Adobe Systems reported a loss in the fourth quarter. Citigroup is set to price its $22 billion public offering and was sued by Abu Dhabi.
Mayank Mehta
16 Dec, 2009
New York City
Mumbai stocks edged higher after DB Corp IPO was oversubscribed nearly 40 times. National Stock Exchange will begin trading at 900 am from December 18. More and more Indian companies are looking to operate outside India. Bharti Airtel is looking to acquire a majority stake in a mobile carrier in Bangladesh.
123jump.com Staff
16 Dec, 2009
New York City
U.S. stocks are expected to follow the rise in European and the Asian markets as the market awaits the Fed statement and rate decision this afternoon. The CPI in November increased 0.4% after rising at 0.3% in October and the inflation in the Euro zone was 0.5%. UK unemployment was stable at 7.9%.
Mayank Mehta
15 Dec, 2009
New York City
Stocks in Australia are expected to edge higher. The Australian dollar edged up against the euro but hovers near its recent high against the dollar. The index of leading economic indicators suggests a steady recovery. Fonterra agreed to acquire 51% stake from its partner in a Saudi Arabian venture.
Mayank Mehta
15 Dec, 2009
New York City
UK inflation in November was 1.9%, just under the Bank of England target of 2%. Home prices in October decreased 2.2%. British Airways strike prompted a scramble to add new seats at Virgin and EasyJet. Whitbread makes
123jump.com Staff
15 Dec, 2009
New York City
German investor confidence declined in December, its third monthly decrease in a row. Deutsche Bank estimated record profit in 2011. BNP Paribas completed the sales of $1 billion senior notes. Tui AG full year sales fell 14%.
Mukesh Buch
15 Dec, 2009
New York City
U.S. stocks and bonds edged lower and the dollar gained on the worries that the inflation is on the rise. The measure of wholesale inflation PPI increased 1.8% and capacity utilization increased but remained well below the norm.
