123jump.com Staff
06 Jul, 2009
New York City
Nikkei 225 Average fell 1.4% on weak commodities and energy related stocks. Nippon Yusen and Mitsui OSK were among the leading decliners. The mail order house Nissen Holdings Co dropped 9.5% after it lowered its earnings estimate by 85%.
123jump.com Staff
06 Jul, 2009
New York City
Adidas completes
123jump.com Staff
06 Jul, 2009
New York City
The budget in India focused on rural development, job creations in villages, infrastructure development in urban areas and streamlined taxes. The budget deficit will surge to 6.8% on sharply higher borrowing. The Sensex index plunged 5.8%, rupee declined 1.2% and government bond yields jumped 0.1%.
123jump.com Staff
03 Jul, 2009
New York City
In a quiet trading in world markets, indexes edged lower as commodities priced declined. European retail sales index in May and UK home owners increase home equity. Indian railways budget left fares unchanged. Retailers in Japan fell on weak sales. BaWang IPO in Hong Kong oversubscribed 400 times.
123jump.com Staff
03 Jul, 2009
New York City
Stocks in Japan edged lower after the 26-year high U.S. unemployment and 10-year record in Europe. Retailers fell after Seven & I and others reported lower earnings. Mitsui OSK and Nippon Yusen fell on a decline in freight rate index.
123jump.com Staff
03 Jul, 2009
New York City
European markets were nearly unchanged. European retail sales index decreased 0.4% in May. Volkswagen June sales increased 6% and estimated world automobile sales to fall 16% to 46 million. Lower house of German parliament passed a bill to separate toxic debt from the state controlled banks.
Trupti Mehta
03 Jul, 2009
New York City
British Air for the second year in a row cut its summer capacity and cuts capital spending by 20%. Service sector showed increased activities in June but at a slower pace in May. UK home owners increaed equity by
Mukesh Buch
03 Jul, 2009
New York City
Indian Railways left its freight and passenger fares unchanged and proposed to add more wagons and build a coach manufacturing facility. Stocks gained on the hopes that the national budget will allocate more capital to power, infrastructure and telecom sector.
123jump.com Staff
02 Jul, 2009
New York City
World markets declined after the U.S. unemployment report on the fear that the U.S. may be in a prolonged recession. Copper, gold and crude oil prices fell. Markets in Europe dropped between 2% and 3% and Mexico fell 1.0%. Brazil and Canada lost 1%. The ECB left key lending rates unchanged.
123jump.com Staff
02 Jul, 2009
New York City
European market indexes closed sharply lower after the U.S. unemployment rate increased to 9.5%. Elan surged 20% after Johnson & Johnson acquired a stake in the company. Daimler, Volkswagen, PSA Peugeot and Renault declined after Credit Suisse lowered its outlook on the sector.
Mukesh Buch
09 Jul, 2009
New York City
World leaders vowed to maintain the currency parity and avoid the devaluation to grow at the expense of other nations. The G-8 and G-5 leaders agreed to conclude trade talks as early as 2010. China vehicle sales surged nearly 50% in June as government eased lending.
Sarla Buch
09 Jul, 2009
New York City
The Bank of England left its key lending rate unchanged at 0.5% and its plan to purchase assets at
123jump.com Staff
02 Jul, 2009
New York City
UK and European market indexes closed sharply lower after the U.S. unemployment rate increased to 9.5%. Mining and financial sector stocks fell. London Stock Exchange fell 5% after it lowered fees. Elan surged 20% after Johnson & Johnson acquired a stake in the company. WPP Group dropped 7%.
Mukesh Buch
02 Jul, 2009
New York City
Stocks in India traded sideways after the release of the Economic Survey from the Finance Ministry. The survey focused on the need for infrastructure spending, controlling the budget deficit and simplifying the taxes. Separately, the government increased retail prices of petrol and diesel.
123jump.com Staff
02 Jul, 2009
New York City
Red Hat first quarter rose 11% to $174 million with subscription revenue going up by 14%. Net income rose marginally to $18.5 million. Earnings per share were 15 cents as against 12 cents a year ago.
