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WB Loans $10 B to India; Cipla, Suzlon Offering

Mayank Mehta
23 Sep, 2009
New York City

World Bank provided $10 billion in loans to India to support its infrastructure driven stimulus program and recapitalize public sector banks. Jaiprakash Associates, Suzlon, Cipla and others sell stocks to raise more than $400 million. ONGC plans to spend $10 billion to expand energy exploration.

Australian Stocks Ride Commodities Prices

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

Australian stocks are likely to open higher as commodities prices closed up and Australian dollar edged higher in New York trading. The dollar fell against the euro, the pound and the yen. Rio Tinto completed one more asset sale to lower its debt. Babcock & Brown board selects recapitalization plan.

Dollar Declines, Oil, Gold, World Stocks Rise

Mukesh Buch
22 Sep, 2009
New York City

World markets advanced as Fed is set to announce its rate decision tomorrow and world leaders meet in two days. Commodities and crude oil prices increased as the dollar decreased to a new low for the year.

HeidelbergCement Raises

Mayank Mehta
22 Sep, 2009
New York City

Accor announces the sale and leaseback of low end hotel properties to lower debt. HeidelbergCement raised

Miners in UK Rebound; Cadbury Wants Formal Bid

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

UK stocks edged higher as investors showed willingness to buy stocks ahead of earnings next month. Cadbury asked Takeover Panel to request a formal bid from Kraft Foods or drop the merger plans. Mining stocks rallied as commodities and oil gain.

SLM, Apollo, ITT Edu Fall; CarMax, Carnival Rise

Mayank Mehta
22 Sep, 2009
New York City

Student loan lenders declined after the U.S. House passed the bill to eliminate the private lenders. SLM Corp, Apollo Group, ITT Educational Services and Corinthian Colleges declined more than 4%. Carnival and CarMax traded higher after earnings releases.

Momentum Lifts India Stocks; Reliance IPO

Mayank Mehta
22 Sep, 2009
New York City

The benchmark index in India advanced as Asia Development Bank lifted its economic growth target for India to 6%. Advance tax collection for the current quarter surged nearly doubled. Reliance Communications plans to list its infrastructure unit and raise as much as $1 billion.

U.S Joins World Markets Rally; Lenders Fall

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

U.S. stocks participated in a world market rally as commodities prices rise in Asia and Europe and brokers lift outlook for retailers and technology companies. The dollar firmed but traded near its low for the year. Student lenders fall.

China Stocks Reflect Weak Commodities Prices

Darlington Musarurwa
21 Sep, 2009
New York City

China considers raising hydroelectric power prices. CBRC urges lenders to increase internal risk management. IPO activity in China is picking up with the pricing of Metallurgical Corp and a filing by China International Travel Services Corp.

Australian Stocks Indiacte Lower Opening

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

Australian stocks indicate lower opening with the decline in crude oil and gold prices in New York. Rio Tinto sells Brazil iron ore assets. New Zealand consumer optimism climbs in September. The Australian dollar hovered near its 13-month high.

Ahead Fed Meeting, Bond Auction Stocks Fall

Mukesh Buch
21 Sep, 2009
New York City

U.S. and world stocks fell ahead of 2-day Fed meeting and the beginning of $112 billion government bond auction. The dollar climbed and crude oil and god futures fell. AIG surged on the expectations of relaxed terms of bailout and Bank of America refused to send documents to a lawmaker

European Markets Edge Lower; Daimler Up

Mayank Mehta
21 Sep, 2009
New York City

European markets declined for the second day in a row. Resource stocks led the decline after commodities and crude oil futures fell. Areva received several bids for its transportation and distribution unit. Daimler expects profit in the second half. Parmalat and K+S declined.

UK Stocks, Pound Fall; RBS Offering

Mayank Mehta
21 Sep, 2009
New York City

UK stocks declined as commodities and the pound fell. Land Securities agreed to sell its one third holding in Bullring mall in Birmingham. PetroNeft plans to raise $27.50 million. Royal Bank of Scotland is planning multi-billion dollar issue to raise capital.

Perot Surges; Moody's, Delta Petro, Lennar Fall

Mayank Mehta
21 Sep, 2009
New York City

Dell Inc declined after it agreed to acquire Perot Systems for $3.9 billion. Perot Systems surged 66%. Lennar dropped after it reported wider than expected loss and dragged other home builders lower. Moody

US, Euorpe Head Lower; Gold, Oil Drop

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

U.S stocks edged lower as home builders and resource stocks traded lower. European and Asian markets declined on the worries that world market valuations are ahead of economic fundamentals.

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