Darlington Musarurwa
30 Nov, 2009
New York City
Mitsubishi UFJ plans to raise 1.1 trillion yen in share sale. Construction companies linked to Dubai and Middle East reversed their earlier losses to close higher after Dubai financial worries eased.
Mukesh Buch
01 Dec, 2009
New York City
U.S. stocks closed higher and European markets lost early gains. Dubai World sought loan restructuring on only half of the loans of $59 billion. Gold and other metals closed higher. Crude oil rebounded. The second quarter GDP in India grew at 7.9%.
Mayank Mehta
30 Nov, 2009
New York City
Deutsche Boerse refused to increase the bid for the Warsaw Stock Exchange. MAN SE dropped 4% on the worries that illegal payment investigation may cost as much as
Mayank Mehta
30 Nov, 2009
New York City
UK banks led the decliners in trading on Dubai worries. The banks in UK have lent at least 80% loans to Dubai World, controlled by Dubai government. Royal Bank of Scotland, Lloyds Banking and Standard Chartered Bank fell more than 2.5%.
Mayank Mehta
30 Nov, 2009
New York City
U.S. stocks traded sideways. Ratings revisions lifted Abercrombie & Fitch, Deer & Company, Nucor and Supervalu. AIG dropped 7.4% after Sanford C. Bernstein & Co lowered it price target by 40% to $12. CSG Systems increased 8%. Apparel retailers edged lower.
Mayank Mehta
30 Nov, 2009
New York City
India''s economy in the quarter ending in September increased at 7.9% from a year ago. The faster than expected growth lifted stocks and rupee edged higher. Tata Motors swung to a small net profit on higher sales and lower operating costs.
Mukesh Buch
30 Nov, 2009
New York City
Financial markets in Middle East dropped after Dubai government clarified that lenders should restructure loans to Dubai World and not wait for the government assistance. Markets in Dubai and Abu Dhabi fell more than 7%. DP World dropped 15% and Emmar Properties declined 10%.
123jump.com Staff
30 Nov, 2009
New York City
U.S. stocks are expected to open lower after Dubai government says that lenders should work with Dubai World to restructure loans. the benchmark indexes in UAE dropped more than 7%. Talks of regional bailout in the Middle East gain momentum.
123jump.com Staff
27 Nov, 2009
New York City
Stocks in Tokyo closed lower after world markets declined and banks closed lower. The yen strengthened against the dollar and touched to a 14-year intra-day high. Exporters, shippers and trading companies closed lower.
Mayank Mehta
27 Nov, 2009
New York City
Australian stocks declined tracking the world market weakness after Dubai worries unnerved world investors. Leighton Holdings Limited confirmed that certain project payments in Dubai are delayed. Australian dollar traded weak. Gold miners closed lower after precious metals decline.
Mayank Mehta
27 Nov, 2009
New York City
Stocks in Mumbai traded lower on the worries that Indian banks may have exposure to the loans that are in the process of rescheduling in Dubai, UAE. Ranbaxy launches generic version of herpes drug in the U.S. Sun Pharma receives US regulatory approval to sell mental disorder treatment generic drug.
Mukesh Buch
27 Nov, 2009
New York City
U.S. stocks closed lower after Dubai worries plague world markets. Crude oil and god decline. UK banks with $50 billion of exposure may take larger than expected losses. Citigroup has the largest loan exposure of all American banks loans totaling $8 billion.
123jump.com Staff
27 Nov, 2009
New York City
European markets closed higher and recovered from the earlier losses. Dubai loan losses and the worries that the debt reschedule may force rating revision of sovereign debt of Dubai, UAE. In trading, Volkswagen increased 6% on an upgrade and the company is targeting higher sales in Brazil.
Mayank Mehta
27 Nov, 2009
New York City
UK stocks rebounded after early losses on the worries that Dubai debt rollover may presage a wider problem in the region. The banks in the UK and Europe dropped more than 5% after RBS confirmed that UK banks have $50 billion of loan exposure to UAE.
Mayank Mehta
27 Nov, 2009
New York City
Banks in New York and Europe declined after investors worried that fast developing Dubai credit crunch may contribute to losses. Royal Bank of Scotland led a consortium of seventy bankers to fund most of the debt that fueled construction boom in Dubai.
