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World Markets Close Lower; Gold Shines

Mukesh Buch
20 Nov, 2009
New York City

U.S. stocks struggled as the world markets edged lower and commodities priced hovered near their recent highs. Gold trade above $1,150 an ounce. Michigan led the U.S. with unemployment rate of 15.1% and Florida and California registered record rate in October.

Sensex in India Above 17,000; Cox & Kings IPO

Mayank Mehta
20 Nov, 2009
New York City

Stocks in Mumbai traded higher. Rupee edged lower but traded below 46.75 to a dollar. The IPO of a tour operator Cox & Kings India Ltd is 6.2 times oversubscribed. Bhusan Steel sells 5% stake to strategic investors. Scripps Networks agreed to acquire majority stake in NDTV unit for $55 million.

European Makets Close Lower; Trichet Comments

Mayank Mehta
20 Nov, 2009
New York City

European markets closed lower. The ECB President Trichet comments suggest a gradual unwinding of economic stimulus. JC Decaux renews its exclusive advertising contacts in Shanghai. Technip awarded gas facilities contract in Abu Dhabi. Solon SE nine-month loss shrinks.

UK Stocks Settle; Gartmore Group Listing

Mayank Mehta
20 Nov, 2009
New York City

UK stocks struggled. Nationwide Building Society estimated tougher home market outlook in 2010. Home builder stocks declined. The pound decreased against the yen and the dollar on the rising deficit. Gartmore Group Ltd prepares public offering to raise

Dell, D.R. Horton Drop; Dillard's Rises

Mayank Mehta
20 Nov, 2009
New York City

Dell plunged nearly 9% after it missed quarterly revenues and earnings estimates. The Dress Barn, Inc quarterly net rises. The Gap, Inc third quarter net up 25%. Intuit Inc quarterly loss increases. D.R. Horton, Inc fourth quarter loss narrows.

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.

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