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Rates on Hold in Japan; Deflation Talks

Darlington Musarurwa
20 Nov, 2009
New York City

Bank of Japan keeps rate at 0.1%. Deputy Prime Minister declares Japan has slipped into deflation. Semiconductor related stocks declined after Dell reported third quarter profit decline of 54%.

Leading Indicators Index in Australia Up

Darlington Musarurwa
18 Nov, 2009
New York City

The leading indicators index in Australia rose 5.8% in September. The RBA plans to ease acceptance of mortgage loans based securities as collateral. Agribusiness AWB Limited reported full year net loss of A$250.8 million on revenues increase of 7% to A$6.69 billion.

Delta, SkyTeam Offer $1 Billion to JAL

Darlington Musarurwa
18 Nov, 2009
New York City

Delta Airlines and SkyTeam agreed to extend $1 billion to JAL. NTT DoCoMo to introduce 4G telecom service in late 2010. MUFJ and Morgan Stanley may keep brokerage operations separate, despite the expected merger.

China Region Markets Closed Lower

Darlington Musarurwa
18 Nov, 2009
New York City

Stocks in Hong Kong and Shanghai closed mixed. Resource sector stocks closed higher on the speculation that commodities demand will rise and lift prices. Banks in Hong Kong and Shanghai trading fell on valuation concerns.

Europe Update: Villeroy Boch, Puma, Bilfinger

Mayank Mehta
18 Nov, 2009
New York City

Bilfinger Berger third quarter net profit falls. Geox nine-month profit slumps 33% on falling sales. Claude Brunet resigns his mandate as an AXA management board member. JCDecaux secures advertising contracts for two Japanese cities.

Marks & Spencer Surges; Mothercare Upbeat

Mayank Mehta
18 Nov, 2009
New York City

Land Securities Group first-half net profit

In Focus: Chico's, Autodesk, Longtop

Mayank Mehta
18 Nov, 2009
New York City

MBIA Inc led gainers in the S&P 500 index with a rise of 7.2%. Autodesk increases profitability in third quarter fiscal 2010. BJ

India Stocks Cut Losses; Cox & King IPO

Mayank Mehta
18 Nov, 2009
New York City

Stocks in Mumbai cut their losses after an assurance from the Finance minister Mukherjee that the economy can handle the rising international capital flows. Reliance Industries sets bonus date. Cox & King IPO receives 60% subscription on the first day.

Stocks Follow Weak Housing Data; CPI Up

Mukesh Buch
18 Nov, 2009
New York City

U.S. stocks struggled in the early morning after the release of consumer price index and housing market reports. Crude oil gained and gold reached another record for the year as dollar weakened.

Investors Look Yuan to Rise

123jump.com Staff
17 Nov, 2009
New York City

Currency markets were rife with rumors that Beijing will let the yuan rise on the President Obama visit. However, Ministry of Commerce spokesperson issued a statement that suggested otherwise. Stocks struggled. TCL advanced on a joint venture deal to produce flat screens.

Yen Strength Worries Japan Investors

123jump.com Staff
17 Nov, 2009
New York City

The services demand falls 0.5% in September. Tokyo condo prices drop 0.2% in October. Stocks in Tokyo struggle after the dollar dropped below 89 yen. Electronics exporters, shippers and automakers were on the decline.

European Markets Down; Accor Up

Mayank Mehta
17 Nov, 2009
New York City

European markets closed lower with weak energy and metal prices. Accor SA, the largest European hotel operator surged after the company set a deadline to split its service business.

Global Markets Rest; Weak Dollar

Mukesh Buch
17 Nov, 2009
New York City

U.S. stocks traded sideways and the markets in Europe closed lower. Markets in Asia struggled after a four week rally in the region following better than expected earnings. Dollar hovered near its yearly low and gold raced to a new high.

UK Stocks Decline With Lower Commodities

Mayank Mehta
17 Nov, 2009
New York City

UK stocks edged lower after metals and energy prices edged lower. Big Yellow Group reported larger first-half profits. Burberry Group raises first-half dividend as profit meets estimates. The British Land Co sees improving trends. EasyJet plc full-year profit drops 14.4%.

Home Depot, Target, Sina in Focus

Mayank Mehta
17 Nov, 2009
New York City

Jacobs Engineering Group Inc led the decliners in the S&P 500 index with a loss of 12.1%. The Home Depot, Inc third quarter profit falls 9% but ahead of expectations. Target net increase 18% and sales rise 1.4%.

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