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Australian Imports Surge 7%; Stocks Fall

Darlington Musarurwa
19 Jan, 2010
New York City

Australian imports surges 7% to A$17 billion in December. Newcastle coal exports in the last week declined 16% from the previous week to 1.56 million tons. Flight Centre upgrades profit forecast between 60% and 80%.

Tokyo Stocks Decline on JAL Bankruptcy

Darlington Musarurwa
19 Jan, 2010
New York City

JAL Corp, once the largest airline in Asia filed bankruptcy protection with $25 billion of debt. JAL will be delisted from the TSE wiping out shareholders and tax payers will shoulder $4.5 billion of debt burden.

India Inflation Worries; Govt Stake Sale

Mayank Mehta
19 Jan, 2010
New York City

Stocks in India closed lower as the inflation is expected to run ahead of market expectations. The central bank is looking to expand currency future contracts. Reliance Capital is looking to sell minority stake sale to a foreign investor. NMDC, Hindustan Copper rise on government stake sale talks.

European Talks Waver; Arcelor, BHP Africa Talks

Mayank Mehta
19 Jan, 2010
New York City

European markets in volatile trading closed higher. Alstom SA declined after quarterly sales increased 3%, lower than expected. ArcelorMittal and BHP Billiton are looking to form a joint venture to combine their mining ventures in Africa. Vinci Aand partners were selected for a tunnel project in UK.

UK Inflation Rises; Cadbury, Burberry Up

Mayank Mehta
19 Jan, 2010
New York City

UK stocks closed higher after Cadbury Plc accepted improved offer from Kraft. Cadbury board dropped its resistance to the hostile offer from Kraft as it could not find competing bidders. Consumer prices in December rose 2.9%. Burberry Group surged on higher than expected sales.

TD Ameritrade, Kraft Fall; Citi, Brink's Rise

Mayank Mehta
19 Jan, 2010
New York City

Kraft edged lower after Cadbury accepted its revised offer that valued the company at $19.5 billion. Tyco TD Ameritrade profit falls. Tyco agreed to pay $2 billion for Brink

Deals of $34 Billion Dominate New York Trading

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

Three deals dominated investor focus. Cadbury agreed to Kraft offer of $19.5 billion, Williams Companies and its affiliate agreed to restructure energy distribution assets for $12 billion and Tyco purchased Brinks Home Security for $2 billion. Financial were weak after Citigroup reported loss.

Cadbury Accepts Kraft's $19.5 billion Offer

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

Kraft revised its offer for Cadbury to

Euro Struggles, Greece Credibility in Question

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

European markets trade lower as lawmakers and regulators voice their concerns how Greece will implement its debt reduction plan. The euro declined. Japanese stocks declined after JAL Corp filed for bankruptcy protection with $25 billion in debt.

HK Stocks Weak; CapitaLand, Orient Overseas Deal

Mayank Mehta
18 Jan, 2010
New York City

Stocks in China closed mixed ahead of earnings season. Orient Overseas Ltd, battling a deep slump in container shipment traffic sold its China property development projects for $2 billion to Singapore based CapitaLand Ltd. Shanghai home sales plunged 53% in the first two weeks in January.

European Indexes Advance; Richemont Sales Up

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

Ahead of earnings season, stocks in Germany, France and Switzerland gained. Munich Re added 2% after it signed an agreement with UK based Admiral Group Plc. Areva SA does not anticipate additional charges related to a troubled project in Finland. Richemont SA sales rise on Asian demand.

International Power Drops; BA Strike Looms

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

International Power dropped 4% after it terminated its talks with GDF Suez. The second largest UK home builder Taylor Wimpey Plc home sales declined 24% in the last year and average price declined 6.5%. BA Plc cabin crew is scheduled to vote next week on strike action.

Lihir Gold CEO Resigns, Tiger Air IPO

Darlington Musarurwa
18 Jan, 2010
New York City

Stocks in Australia recovered from earlier losses and closed fractionally higher. Weak international prices of metals affected the trading sentiment. Lihir Gold chief executive Hood resigned after the company did not renew his contract. Discount airline Tiger Airways IPO was fully subscribed.

Japan Production Index Rises; BoJ Lifts Outlook

Darlington Musarurwa
18 Jan, 2010
New York City

Bank of Japan raises assessments in four of the nine regions. Japan industrial production increases 2.2% in November. Finance minister Kan pledges to fight deflation. Japan Airlines Corp is negotiating with Delta and American Airlines to secure a better deal as it prepares its restructuring filing.

TCS Earnings Lift Indian indexes, L&T Power Debt

Mayank Mehta
18 Jan, 2010
New York City

Stocks in Mumbai closed higher after Tata Consultancy Services Ltd quarterly net surged 33%. UltraTech Cement drops on poor quarterly earnings. Suzlon Energy wins order in Sweden. Jaiprakash Associates third quarter lower than expected net income.

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