Trupti Mehta
10 Nov, 2009
New York City
Barclays and HSBC reported sharply divergent outlooks. HSBC indicated better than a year ago quarterly results and Barclays net dropped in the three months to September. Electronic Arts net loss widens. JA Solar swung to a quarterly profit.
Mayank Mehta
10 Nov, 2009
New York City
World markets inch higher on the second day after G-20 statement. Earnings were in focus after HSBC and Barclays indicated diverging outlooks. Electronic Arts quarterly net loss widens. U.S. stocks traded sideways as U.S. Treasury bonds edged up.
Darlington Musarurwa
09 Nov, 2009
New York City
Hong Kong stocks gained as investors pour money into real estate and stocks forcing HKMA to inject liquidity and prevent the HK dollar from rising. China increase fuel prices by as much as 8%. Chinese banks were warned of uncontrolled lending.
Darlington Musarurwa
09 Nov, 2009
New York City
Japan foreign currency reserves rise to $1.05 trillion in October. Property and casualty insurance stocks rise after Mitsui Sumitomo and Aioi Insurance lift annual earnings outlook. Softbank Mobile leads the industry with net new subscribers of 97,500. JAL executives to forgo December pay.
Darlington Musarurwa
09 Nov, 2009
New York City
Stocks in Australia surged in a rally in Asian markets after the release of G-20 statement on Sunday. Australian home loan approvals rise 5.9% in September. Australia job adverts drop 1.7% in October. AXA Asia Pacific Holdings rejects A$11.04 billion bid from AMP.
Mukesh Buch
09 Nov, 2009
New York City
U.S market indexes gained 2% after commodities gained and investor bid up industrial and technology stocks. The statement from G-20 nation reassured markets that stimulus will stay in place. U.S. Treasury starts weekly bond auction for $81 billion. Sprint Nextel surges 20%.
Mayank Mehta
09 Nov, 2009
New York City
European markets closed higher after G-20 meeting. Investors bid up stocks and commodities in Europe on the expectations that the current stimulus will remain in place. Allianz reported sharply higher earnings as markers rebound.
Mayank Mehta
09 Nov, 2009
New York City
UK stocks rallied after markets around the world and commodities prices gained. The statement from the G-20 nations reassured investors that the current economic stimulus will stay in place. Cadbury Plc rejected unsolicited Kraft Foods bid that valued the company at
Mayank Mehta
09 Nov, 2009
New York City
RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.9% after it began the selling of iPhone at select stores. Las Vegas Sands advanced after it arranged bank commitment of $1.45 billion for Macau casino. Wynn Resorts gained on $4 special dividend. East West Bank surged 51%.
Mayank Mehta
09 Nov, 2009
New York City
Prime Minister Singh comments suggested that Indian economy is recovering and likely to meet the economic target of 6.5% in the current year and 7% in fiscal 2010. Stocks surged. T. Rowe Price acquires 26% stake in UTI Asset Management as retail investments surge.
Mukesh Buch
09 Nov, 2009
New York City
World markets advance after G-20 left stimulus in place after a meeting. The group of wealthy and developing nations focused on the strategies to revive growth. The dollar fell after the statement and copper and gold advanced.
123jump.com Staff
08 Nov, 2009
New York City
The U.S. House passes historic healthcare bill by a narrow margin. The healthcare overhaul faces an uphill battle in the Senate with Democrats divided and Republican strongly opposed. The bill passed by a vote of 220 to 215 with a support of only one Republican member.
Darlington Musarurwa
06 Nov, 2009
New York City
Stocks in Hong Kong tracked gains in New York. Shanghai investors focused on the domestic economic growth. Automakers in Shanghai jumped on the talks of steady economic growth. Greens Holdings Ltd on it first day of trading in Hong Kong gained 12%.
Mukesh Buch
06 Nov, 2009
New York City
The record unemployment rate in three decades cast doubts on the economic health. Stocks in New York closed higher and three popular indexes rebounded in the afternoon. Gold futures hovered near its record highs. Starbucks earnings rise on cost cutting. Crude oil fell. German factory orders rise.
Darlington Musarurwa
06 Nov, 2009
New York City
Downward profit revisions and loss outlooks at several companies dragged Japan indexes lower. Bridgestone estimated annual loss on plant closure costs. Acom Co estimated a full year loss on headcount reductions. Mitsumi Electric cuts its profit outlook by 20%.
