Darlington Musarurwa
19 Oct, 2009
New York City
Stocks in Japan closed lower ahead of earnings season. Casio Computer reversed its earlier forecast of annual profit to a net loss of 7 billion. The index of demand for services increased 0.3% in August. Steel output fell 29.6% in the first half to the lowest level last seen in 1969.
Darlington Musarurwa
19 Oct, 2009
New York City
State controlled media and other economists are predicting third quarter economic growth in China at 9% ahead of the data release on October 22. The economic stimulus and rising bank lending and brisk real estate market is supporting the economic growth. Evergrande Real Estate in $800 million IPO.
Darlington Musarurwa
19 Oct, 2009
New York City
Australian dollar continued its ascent against the dollar after comments from the Reserve Bank of Australia. Aussie dollar traded above 92 U.S. cents. Kathmandu Holdings plans to raise as much as A$375 million in a public offering. Energy Developments rejects A$415 million bid.
123jump.com Staff
17 Oct, 2009
New York City
Prosecutors charged billionaire hedge fund manager Raj Rajaratnam with insider trading scheme. The prosecutors used for the first time wiretaps in an insider trading case in recent years. The investigation lasted nearly four years and snarled executives at Intel, IBM and McKinsey & Co Inc.
Mayank Mehta
16 Oct, 2009
New York City
Exports from euro-zone decreased 5.8% in August and imports fell 1.3%. Trade surplus fell to
Mayank Mehta
16 Oct, 2009
New York City
UK stocks struggled on the weakness in financial and resource stocks. National Express and Stagecoach dropped sharply after a private equity led merger talks were discontinued. The pound rose 2.1% against the euro in the week. Clinton Cards advanced after it estimated better outlook.
123jump.com Staff
16 Oct, 2009
New York City
Stocks in New York closed lower after investors turned cautious. Industrials declined in New York and Europe after GE reported 20% decline in sales. Dollar hovered near lows after EU reported sharply lower trade deficit compared to a year ago.
Mayank Mehta
16 Oct, 2009
New York City
Earnings revision at the Estee Lauder Companies Inc and Tempur-Pedic International lifted stocks. AMD fell after the quarterly sales fee 22%. Citizens First Corp surged 87%. Harris Corp gained on the military radio contract of $419 million.
Mayank Mehta
16 Oct, 2009
New York City
Stocks in Mumbai traded higher ahead of Diwali celebration and Hindu New Year 2066. Cairn India surged after Malaysia based Petronas acquired additional stake. Tata Consultancy reported better than expected sales and earnings.
123jump.com Staff
16 Oct, 2009
New York City
U.S. stocks traded lower after weaker than expected earnings from General Earnings and Bank of America. Investors also focused on rising loan losses at BofA and 20% sales decline at GE. AMD fell after it reported a quarterly loss and Google earnings surged 27%.
123jump.com Staff
15 Oct, 2009
New York City
China region stocks maintained upward momentum as home prices gained across the nation and lending increased. Investors are revising earnings expectations higher for the latest quarter. China International Travel surged 45% on its first day of listing.
123jump.com Staff
15 Oct, 2009
New York City
Tokyo stocks are indicating higher opening as the yen weakened and crude oil gained more than 3% in New York trading. Shipping companies are indicating lower opening. In trading on Thursday electronics exporters and steelmakers advanced.
123jump.com Staff
15 Oct, 2009
New York City
Australian stocks are expected to open firm after a surge in crude oil prices in New York. Australian dollar reached another high as investors see higher interest rates on the back of global economic recovery. BHP Billiton and Rio Tinto abandon their marketing venture for Pilbara region iron ore.
123jump.com Staff
15 Oct, 2009
New York City
European markets hovered near their recent highs. Accor third quarter sales declined 8.4%. Metro AG and Henke AG increased on brokers recommendations. Remy Cointreau SA fell after first half sales were flat. Solar energy modules makers in Germany fell again as lawmakers prepare to cut subsidies.
Mayank Mehta
15 Oct, 2009
New York City
UK stocks closed lower on weak banking stocks and speculation lifts the pound. Aggreko gained on full-year guidance. WH Smith full-year profits climb. Ashmore Group asset under management surges 25%. J Sainsbury surges 10% on Qatar speculation.
