Mayank Mehta
14 Sep, 2009
New York City
Indian Oil Corp plans to invest $12 billion in the next three years to expand crude oil refining capacity. India will begin the 3G wireless auction process on December 7 and hopes to collect $5 billion. Reliance Industries is looking to invest in Brazil and Gulf of Mexico based oil fields.
Mayank Mehta
11 Sep, 2009
New York City
European markets closed higher as China reported strong economic data for August. Steelmakers gained. Weak crude oil prices dragged energy companies lower. Banks traded mixed in the region. Air France-KLM advanced after passenger load factors improved. Areva SA prices its euro denominated bonds.
Mukesh Buch
11 Sep, 2009
New York City
U.S. stocks closed lower after rising for five days in a row. For the week, the Dow increased 1.7%, the S&P 500 added 2.6% and the Nasdaq gained 3.1%. The Dow closed just around the same level where it was on September 10, 2008, the day before the terrorist attacks.
123jump.com Staff
11 Sep, 2009
New York City
Balfour Beatty wins
Mayank Mehta
11 Sep, 2009
New York City
Campbell fourth quarter net income declines 25%. National Semiconductor led the decliners in S&P 500 index after fiscal first quarter revenues fell 32%. FedEx surged after it guided higher fiscal first quarter earnings. UPS and Expeditors International rise as well.
123jump.com Staff
11 Sep, 2009
New York City
Stocks in New York edged higher after the latest reading on consumer sentiment index rises in August. Gold gains as dollar declines. FedEx gained after first quarter earnings came in at 58 cents a share ahead of its guidance.
123jump.com Staff
11 Sep, 2009
New York City
Stocks in Hong Kong and Shanghai advanced after a raft of economic data in China suggested rising economy. Data on retail sales, industrial production, money supply and urban investment for August were better than expected. Exports fell more than anticipated.
Mayank Mehta
11 Sep, 2009
New York City
Mumbai stocks edged higher after the release of industrial production data. Jet Airways is expected to resume normal schedule after the pilots union is expected to call-off strike today. Sterlite Industries revised its offer for the U.S. based copper mine Asarco by 3% to $2.6 billon.
Mayank Mehta
11 Sep, 2009
New York City
Australian stocks closed at 11-month high after strong Chinese economic data suggested sustained exports from Australia. Australian dollar closed to 12-month high. The retailer Myer reported higher earnings on stable sales and is expected to initiate public offering by the end of the month.
123jump.com Staff
10 Sep, 2009
New York City
Machinery orders in July in Japan fell sharply as demand for capital goods remain subdued. Suntory is in talks to buy Orangina from Blackstone Group and Lion Capital. The dollar edged lower in the Japanese trading.
123jump.com Staff
10 Sep, 2009
New York City
The three widely followed indexes increased to new highs for the year as stocks gained for the fifth day in a row. European markets advanced and UK left its rate unchanged at 0.5%. Markets in Asian edged higher as more companies look to raise capital.
Mayank Mehta
10 Sep, 2009
New York City
Stocks in Mumbai trading gain for the fifth day in a row. Varun Industries subsidiary is in a production sharing arrangement with Madagascar based company. Infosys surges after Nomura lifts its view on the outsourcing sector and the company plans to acquire consulting companies.
Mayank Mehta
10 Sep, 2009
New York City
European markets advanced and traded at the high for the year. Major indexes in the region are trading at 13-month high. GM agreed to sell majority stake in Opel to Magna International and Russian bank Sberbank. Arcandor may receive little after the banks sold their holdings in Thomas Cook.
Mayank Mehta
10 Sep, 2009
New York City
The Bank of England left its asset purchase program in place to aid the economic recovery and left its interest rate unchanged at 0.5%. JJB Sports and Sports Direct ar investigated by the fraud and competition authorities.
123jump.com Staff
10 Sep, 2009
New York City
Monsanto Company fell after it reaffirmed earnings at the low end of its previous estimate. Korn/Ferry first quarter sales fell and swung to a loss. Lululemon increased after second quarter revenues increased. Airlines surged after positive comments from JP Morgan analyst.
