123jump.com Staff
18 Jan, 2010
New York City
European markets traded higher but the euro edged lower. The benchmark index in Greece dropped nearly 2% as the EU regulators and Greece government review ways to lower Greek budget deficit in 2010 and after. Asian markets closed higher. Richemont SA quarterly sales increased 2%.
123jump.com Staff
15 Jan, 2010
New York City
U.S. stocks declined on the worries that consumer may not still be healthy. JPMorgan in its latest quarterly earnings booked a loss in its retail banking unit and increased provision of loan losses. The dollar gained against the euro and gold closed lower. Commodities fell.
Darlington Musarurwa
15 Jan, 2010
New York City
Foreign exchange reserves surged 23% to $2.4 trillion in 2009 as trade surplus drives new fund flows of $453 billion. Foreign direct investment in December more than doubled to $12.1 billion. Automakers rise on the brisk demand for automobiles despite revised taxes in 2010.
123jump.com Staff
15 Jan, 2010
New York City
Shares of banks advanced and Commonwealth Bank said its cash profit for the first half increased 44%. Macarthur coal lifted its first half net earnings forecast to a range between A$37 million and A$42 million.
Darlington Musarurwa
15 Jan, 2010
New York City
Stocks in Japan edged higher led by strength in banks. Japan is expected to restructure JAL through a bankruptcy court on Jan 19. Japan wholesale prices fall 5.3% in 2009. Shiseido agreed to acquire Bare Escentuals for $1.7 billion. Sony and Nintendo December US game console surge.
Mayank Mehta
15 Jan, 2010
New York City
A barrage of earnings drove market trading in Mumbai. Engineers India soars after government plans a stake sale of 10%. Maharashtra Seamless Ltd secures export orders. HDFC Bank net surges 32%. Tata Consultancy quarterly net soared 33%. GTL acquires for $1.8 billion Aircel tower assets.
Mayank Mehta
15 Jan, 2010
New York City
European markets fell sharply and German bond yield gained. The euro declined. Banks and brokerages declined after JPMorgan increased consumer loan loss provisions. Solar energy related companies declined as Germany may lower subsidies to the industry.
Mayank Mehta
15 Jan, 2010
New York City
The UK benchmark index declined 1.3% for the week and dropped nearly 0.7% today. Stocks weakened after commodities edged lower and the pound traded volatile against the euro and the dollar. The asset manager Man Group declined after assets under management shrank. Experian quarterly sales were flat.
Mayank Mehta
15 Jan, 2010
New York City
Interactive Data Corp surged 11% after its UK parent Pearson Plc said it may sell its stake in the company. Bare Escentuals Inc soared 42% after it agreed to be acquired by Japan based Shiseido Co for $1.7 billion in cash. Manitowoc Co said plans to sell $400 million in unsecured debt.
123jump.com Staff
15 Jan, 2010
New York City
European markets closed mixed in nervous trading and the euro fell on the growing worries related to Greek budget deficit. Spain, Portugal and Italy are also worrying central bank regulators. November Euro area trade surplus was 4.8 billion euros and annual inflation increased 0.9%.
123jump.com Staff
15 Jan, 2010
New York City
U.S. stocks traded lower in the morning and commodities fell and U.S. Treasuries advanced. JP Morgan Chase net tripled but retail banking unit reported a loss dragging market sentiment. Consumer price index increased 0.1% in December and for the year advanced 2.7%.
123jump.com Staff
14 Jan, 2010
New York City
Stocks in volatile trading closed higher but commodities tracked lower. JP Morgan and Bank of America, Goldman Sachs and Citigroup each will face more than $1 billion a year tax to pay for additional tax proposed by the White House.
123jump.com Staff
14 Jan, 2010
New York City
President Obama unveiled new fee on banks and financial institutions to recoup losses used in the TARP bailout. The President using strong language and sharp focus on compensation practices and risk taking behavior vowed to recover $120 billion over twelve years.
123jump.com Staff
14 Jan, 2010
New York City
European bonds and currencies markets were rattled as the pressure builds on Greece to trim its budget deficit soon. The ECB President and German Chancellor comments added more pressure on Greek lawmakers to trim budget deficit to 8.7% from the current 12.7%. The euro declined against the dollar.
123jump.com Staff
14 Jan, 2010
New York City
UK stocks closed higher on the strength in resource stocks. Mining and metals stocks gained after Rio Tinto said fourth quarter iron ore production surged 49%. Home Retail Group dropped 6% on cautious outlook. Associated British Foods and Halfords sales increased in the holiday period.
