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Japan Power Demand Surges; Dai-ichi IPO

Darlington Musarurwa
19 Mar, 2010
New York City

Stocks in Tokyo closed higher as the prospect of economic and exports recovery solidify. Japan

Fed Unwinds Stimulus; World Markets Slip

123jump.com Staff
19 Mar, 2010
New York City

Federal Reserve took another step to unwind emergency steps takes during the late August. The Fed removed the exemption given to six large banks to add liquidity and sustain trading in mortgage and asset backed securities. Investors in Europe await resolution on Greece bailout.

Banks in London Up on Lloyds; CPP IPO

Mayank Mehta
19 Mar, 2010
New York City

UK stocks edged up after Lloyds indicated return to profitability this year on lower loan loss charges. CPP Group surged 11% on its first day of trading. African Barrick Gold closed near its spin off price.

Greece, IMF, ECB, Germany, France Haggle

Mayank Mehta
19 Mar, 2010
New York City

European markets and the euro declined as Greece and European leaders struggle to structure the bailout. Increasingly, the International Monetary Fund is viewed as a lender of last resort. Greek unemployment surged above 10%. Pfleiderer AG 2009 sales dropped 21%.

Palm, SanDisk, Sapient Drop; Baidu Rises

Mayank Mehta
19 Mar, 2010
New York City

SanDisk Corporation led the decliners in the S&P 500 index. Palm reduces net loss after sales surge but the stock drops 14%. SunPower plunges. Boeing accelerates production to meet demands. Sapient Corp reports quarterly net and revenues above expectations.

RBI in India in a surprise Rate Hike, Bharti Up

Mayank Mehta
19 Mar, 2010
New York City

Reserve Bank of India raised its key lending rate by 25 basis points to cool the inflation that has been inching close to 18% and hovering near 16-month high. Bajaj Auto revs its plan to launch a small car to meet the growing demand.

European Leaders Divide on Greece; IMF Shadow

123jump.com Staff
19 Mar, 2010
New York City

European leaders divide as Greece races to cut its borrowing costs. Greece Prime Minister has hoped that the support from the EU leaders will be sufficient to trim the borrowing costs but Greek bond yields trade at twice the German bonds yields.

U.S., European Markets Rise; Euro Weak

123jump.com Staff
19 Mar, 2010
New York City

U.S. stocks edged higher as lawmakers make a final push for the healthcare reform bill. Google may pull out of China. The euro declines as leaders in Europe divide on the nature and structure of the Greek bailout plan. SunPower, Google and Palm Inc drop.

GCL-Ploy Drops in HK; Banks Fall

Mayank Mehta
18 Mar, 2010
New York City

The benchmark indexes in Shanghai and Hong Kong closed lower on the euro zone worries. Media broadcasters closed higher after China is looking to approve integrated services. China Mobile 2009 net increased 2%. GCL-Poly declined after it reported a loss and did not issue dividend.

Aussie, Stocks Struggle; Telstra Vote Delay

Darlington Musarurwa
18 Mar, 2010
New York City

The Australian dollar declined after currency traders worried on the growing uncertainty related to bailout structure for Greece. Queensland Gas Company and BOC joint venture to invest in A$100 million LNG plant. Bankwest completed A$620 million asset backed bonds.

The Dow in 8-day Rally; Lower Metals

123jump.com Staff
18 Mar, 2010
New York City

Stocks edged higher in New York and commodities retained positive bias but crude oil and copper eased at close. President Barack Obama delayed his Asia trip as lawmakers get ready to vote on the healthcare reform bill this Sunday.

Tokyo Stocks Edge Lower on Rising Yen

Darlington Musarurwa
18 Mar, 2010
New York City

Stocks in Tokyo declined after the yen strengthened against the dollar and euro. Canon, Nikon and Olympus decreased. Real estate developers closed lower after a broker lowered views on the sector.

UK: Tullett Prebon, Glaxo, RBS, Arriva

Mayank Mehta
18 Mar, 2010
New York City

UK stocks traded sideways and the pound edged up against the euro. Tullett Prebon won a judgment against BGC Partners for raiding its worldwide staff. GlaxoSmithKline Plc increased after Novartis left the development of generic drug for asthma treatment to its partner.

Greece Sets Bailout Deadline; Euro Wobbles

Mayank Mehta
18 Mar, 2010
New York City

Greek Prime Minister Papandreou set one week deadline for the Europe led bailout. The euro zone trade swung to a surplus in January. Italy based insurance giant Generali said 2009 profit jumped 52%. HeidelbergCement AG full year profit plunges 91%. Dassault Aviation SA 2009 net declined 18%.

U.S. Movers: FedEx, Winnebago, GameStop, Nike

Mayank Mehta
18 Mar, 2010
New York City

GameStop Corp led gainers in the S&P 500 index. GameStop Corp sees profit drop but predicts sales growth in 2010. Nike Inc quarterly profit more than doubles. FedEx earnings surges more than double on higher air cargo revenues from Asia and Europe.

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