Darlington Musarurwa
08 Jun, 2009
New York City
The benchmark indexes after rallying for thirteen weeks closed lower. Foreign investors added net $640 million or 2,600 crore rupees of stocks. Tata Steel shipment in May increased 18%. Indiabulls Real Estate reported quarterly loss. Airlines plunged after IATA doubled its estimate of losses.
123jump.com Staff
06 Jun, 2009
New York City
Retailers struggle to entice consumers as the U.S. economy continues to shed more jobs. Luxury and department stores lead the declines in the month and year-to-date sales. Discount same store sales increases have moderated as consumers look for ways to trim purchases.
123jump.com Staff
06 Jun, 2009
New York City
Auto parts retailer third quarter sales were up 9.3% to $1.66 billion while net income rose 9.5% to $173.69 million driven by higher sales of replacement parts. Earnings per share were $3.13 as against $2.49 a year ago.
123jump.com Staff
05 Jun, 2009
New York City
Stock investors focus on commodities markets and volatility in crude oil prices remain steadfast. Unemployment rate increased to 25-year high as manufacturing sheds more jobs and is likely to contribute to higher unemployment for the rest of the year.
Darlington Musarurwa
05 Jun, 2009
New York City
Input prices declined 0.4% in May and construction fell sharply in the first quarter. UK stocks closed higher as Prime Minister Brown shuffled his cabinet to consolidate his power. Xenophobic lawmakers force Rio Tinto to abandon investment from China and strike a joint venture with BHP Billiton.
123jump.com Staff
05 Jun, 2009
New York City
BHP Billiton and Rio Tinto agreed to form a joint venture to share haulage resources and iron ore mines in Pilbara region of Western Australia. Fortescue and BC Iron also agreed on a similar deal. Australian xenophobic lawmakers in the end scuttled the deal with China.
Darlington Musarurwa
05 Jun, 2009
New York City
As commodities and crude oil prices reached 30-week high, stocks in the energy complex in Tokyo gained.Shippers after rallying for more than twelve weeks closed lower. Trading companies closed higher after crude oil prices closed up.
Mayank Mehta
05 Jun, 2009
New York City
U.S. stocks traded up and down after the release of unemployment report. Boston Properties sold 15 million shares. Wal-Mart plans to buy back $15 billion of its stocks. Rio Tinto increased after it scrapped its merger with Chinalco and planned to raise $15 billion.
123jump.com Staff
05 Jun, 2009
New York City
The unemployment rate surged to 25-year high as manufacturing sheds jobs. The monthly job losses of 345,000 were less than half of the average in the prior six months. Healthcare is the only segment that added workers.
123jump.com Staff
05 Jun, 2009
New York City
The jewelry retailer total revenues decreased 20.5% to $379 million on comparable-store sales decline of 20% in the quarter. Net quarterly loss increased 33% to $23.2 million. The company lost 73 cents per share compared to a loss of 42 cents per share the prior-year quarter.
123jump.com Staff
05 Jun, 2009
New York City
Stocks in India closed higher for the thirteenth week in a row. The global rally in stocks and commodities and Parliament election results sustained investor enthusiasm. Businesses and investors are hoping that the government budget will focus on infrastructure spending.
Darlington Musarurwa
04 Jun, 2009
New York City
Investors are increasingly looking for direction in commodities and currencies markets. Stocks after eleven-week rally appear to face headwind but speculation in silver, gold, crude oil and agriculture markets has lifted prices to six-month highs. European central banks leave rates on hold.
123jump.com Staff
04 Jun, 2009
New York City
The European Central Bank and the Bank of England left their interest rates unchanged. Retail sales in the EU-16 area edged up in April from March but unemployment in France increased to 9.1%.
123jump.com Staff
04 Jun, 2009
New York City
Mining stocks declined in London trading after the $15.5 billion between Australia based Rio Tinto and China based Chinalco may have been canceled. The Bank of England left its key lending rate unchanged. Home prices in May increased 2.6% and lifted financial and real estate stocks.
Darlington Musarurwa
04 Jun, 2009
New York City
Australia recorded a surprise trade deficit in April. The largest Australian deal between Rio Tinto and China based Chinalco of $19.5 billion appear to have collapsed. Rio Tinto is expected to raise $15 billion in public offering or a deal with BHP Billiton.
