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U.S. Stocks Rebound Higher; Trade Tensions

Mukesh Buch
14 Sep, 2009
New York City

U.S. stocks recovered from the morning losses but dollar, gold and crude oil closed lower. President Obama asked bankers to take responsibilities for their actions. San Francisco Federal Reserve President Yellen sounded cautious note on the economic recovery. U.S. and China trade tensions rise.

Germany Offers Dollar Bonds; Club Med Up

123jump.com Staff
14 Sep, 2009
New York City

European stocks traded sideways as investors stayed on the sideline on stretched valuations. Schneider Electric signed

EcoSecurities Surges 11% on JP Morgan Bid

123jump.com Staff
14 Sep, 2009
New York City

EcoSecurities surged 11% after JP Morgan & Chase subsidiary offers 10% higher than the current bid from Guanabara. Marks & Spencer gains after Morgan Stanley lifts its price target ahead of earnings. The energy metering company Bglobal after it signs a contract with UK subsidiary of Gazprom.

Coeur d'Alene Falls; Sprint Nextel Rises

Mayank Mehta
14 Sep, 2009
New York City

Coeur d

Reliance Industries Seeks Gulf of Mexico Fields

Mayank Mehta
14 Sep, 2009
New York City

Reliance Industries is looking to invest in international oil fields. The largest private sector oil company in India also operates the largest crude oil refinery in the world is also looking to sell stake in some of the international fields including those in Colombia and Middle East.

Indian Oil $12 Billion Expansion

Mayank Mehta
14 Sep, 2009
New York City

Indian Oil Corp plans to invest $12 billion in the next three years to expand crude oil refining capacity. India will begin the 3G wireless auction process on December 7 and hopes to collect $5 billion. Reliance Industries is looking to invest in Brazil and Gulf of Mexico based oil fields.

European Markets Rise; Metro, Areva in Focus

Mayank Mehta
11 Sep, 2009
New York City

European markets closed higher as China reported strong economic data for August. Steelmakers gained. Weak crude oil prices dragged energy companies lower. Banks traded mixed in the region. Air France-KLM advanced after passenger load factors improved. Areva SA prices its euro denominated bonds.

5-Day Rally Halts in New York; Gold, Silver Firm

Mukesh Buch
11 Sep, 2009
New York City

U.S. stocks closed lower after rising for five days in a row. For the week, the Dow increased 1.7%, the S&P 500 added 2.6% and the Nasdaq gained 3.1%. The Dow closed just around the same level where it was on September 10, 2008, the day before the terrorist attacks.

FTSE 100 Index Up 3.3%; 888 Holdings Surges

123jump.com Staff
11 Sep, 2009
New York City

Balfour Beatty wins

FedEx Guides Higher; National Semi Falls

Mayank Mehta
11 Sep, 2009
New York City

Campbell fourth quarter net income declines 25%. National Semiconductor led the decliners in S&P 500 index after fiscal first quarter revenues fell 32%. FedEx surged after it guided higher fiscal first quarter earnings. UPS and Expeditors International rise as well.

Weak Dollar Lifts Gold; World Markets Up

123jump.com Staff
11 Sep, 2009
New York City

Stocks in New York edged higher after the latest reading on consumer sentiment index rises in August. Gold gains as dollar declines. FedEx gained after first quarter earnings came in at 58 cents a share ahead of its guidance.

Chinese Economic Reports Lift HK, Asia Markets

123jump.com Staff
11 Sep, 2009
New York City

Stocks in Hong Kong and Shanghai advanced after a raft of economic data in China suggested rising economy. Data on retail sales, industrial production, money supply and urban investment for August were better than expected. Exports fell more than anticipated.

Vedanta Lifts Asarco Bid 3%; India Stocks Up

Mayank Mehta
11 Sep, 2009
New York City

Mumbai stocks edged higher after the release of industrial production data. Jet Airways is expected to resume normal schedule after the pilots union is expected to call-off strike today. Sterlite Industries revised its offer for the U.S. based copper mine Asarco by 3% to $2.6 billon.

Australian Stocks 11-month High; Myer IPO

Mayank Mehta
11 Sep, 2009
New York City

Australian stocks closed at 11-month high after strong Chinese economic data suggested sustained exports from Australia. Australian dollar closed to 12-month high. The retailer Myer reported higher earnings on stable sales and is expected to initiate public offering by the end of the month.

Suntory, Orangina Deal; Machinery Orders Fall

123jump.com Staff
10 Sep, 2009
New York City

Machinery orders in July in Japan fell sharply as demand for capital goods remain subdued. Suntory is in talks to buy Orangina from Blackstone Group and Lion Capital. The dollar edged lower in the Japanese trading.

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