Mayank Mehta
09 Dec, 2009
New York City
UK plans to tax banker bonuses with 50% levy and will also increase national insurance contributions to pay for the bank bailout and economic stimulus. BHP Billiton sells Ravensthorpe for $340 million.
Mayank Mehta
09 Dec, 2009
New York City
Dr Pepper Snapple will receive one time payment of $900 million to license certain brands to PepsiCo. Movado Group plunged after it reported sharply lower quarterly earnings. Kroger and Men
123jump.com Staff
09 Dec, 2009
New York City
Volkswagen AG and Suzuki Motor acquire stakes in each other as the German auto maker looks for growth in small car segment in India. VW will pay $2.5 billion for nearly 20% stake in Suzuki. Only a decade ago VW had questioned the need to be in India and relied on China and Brazil of sales increase.
123jump.com Staff
09 Dec, 2009
New York City
Stocks in India traded lower but software services providers reached a new annual high. Standard Chartered Bank offered $1 billion of credit line to Essar Oil to fund its refinery purchase Europe. Godrej Properties initial offering is oversubscribed on the first day.
123jump.com Staff
09 Dec, 2009
New York City
U.S. stocks trade lower on the emerging market worries and growing fears that Dubai contagion may spread to Greece, Spain, Ireland and other emerging markets. S&P lowered Spain sovereign debt rating by one notch. Crude oil and gold declined.
123jump.com Staff
08 Dec, 2009
New York City
U.S. stocks, gold and crude oil declined as banks in Europe edged lower and industrial and financials declined in New York. Dubai worries dragged banks in London. Gold and crude oil fell after the dollar maintained its advance against currencies.
Darlington Musarurwa
08 Dec, 2009
New York City
Australia
Darlington Musarurwa
08 Dec, 2009
New York City
Japan to unveil 7.2 trillion yen or $81 billion additional stimulus that will offer a mix tax rebate, increased loans to small businesses and support to the struggling job market. Bankruptcies fall 11.4% in November in Japan. Current account surplus in October increased 43%.
Mayank Mehta
08 Dec, 2009
New York City
The Indian government plans to increase its spending by $5 billion to support food, fertilizer and energy prices. Auto sales in November surged 61% as small cars drive sales. Bus, truck and motor cycle sales also gained. JSW Energy initial public offering was oversubscribed on the second day.
Mayank Mehta
08 Dec, 2009
New York City
German seasonally adjusted industrial production decreased 1.8% in October from September. Production declined 12.4% from a year ago. BMW and Volkswagen sales increased in November. Greek stocks and bonds decline.
Mayank Mehta
08 Dec, 2009
New York City
Dubai worries dominated trading in London. The UK benchmark index declined after commodities and banks closed lower. Royal Bank of Scotland and Standard Chartered led the decliners in the sector. Tesco same store sales increased 2.8% in the third quarter.
Mayank Mehta
08 Dec, 2009
New York City
The grocery retailer Kroger declined after it reported weaker than expected quarterly results. Toro Company, Imperial Sugar Co and H&R Block declined after reporting quarterly losses. RELM Wireless surges after it was selected as a radio equipment contractor by federal agencies.
123jump.com Staff
08 Dec, 2009
New York City
U.S. stocks and gold declined as the dollar edged higher. European and the Middle East markets fell. Banks in Europe and UK traded lower. Dubai and Saudi Markets dropped for the sixth day as investor fear rising losses at Dubai World and acrimonious discussion with bondholders.
123jump.com Staff
08 Dec, 2009
New York City
Dubai World debt negotiations may be acrimonious as bond holders demand control of assets and threaten legal action in Europe and the U.S. The sukuk issued by Nakheel dropped in London trading as investors fear mounting losses may erode asset values.
123jump.com Staff
08 Dec, 2009
New York City
Greek stocks and bonds decline as rating agencies clamor for a possible downgrade and investors fear deteriorating government financials. Though investors demand higher yield on bonds, Greece is not alone when it comes lack of fiscal discipline in Europe.
