Darlington Musarurwa
12 Jan, 2010
New York City
The benchmark index in Sydney declined after mortgage loans in November fell 5.6%. The decline in loan commitments surprised most economists. Resource stocks closed higher after commodities prices gained in international markets. China based Bright Foods offered $1.5 billion for sugar unit of CSR.
123jump.com Staff
12 Jan, 2010
New York City
U.S. stocks closed lower after investors focused on bank earnings this week. White House plans to impose fees of $120 billion to refund TARP. China raised bank reserves requirements. SEC sues Bank of American and said it did not disclose Merrill Lynch losses to shareholders.
Mayank Mehta
12 Jan, 2010
New York City
Alcoa Inc led the decliners in the S&P 500 index with a loss of 8.4%. Alcoa posts narrower loss. Great Atlantic & Pacific loses $14.35 a share. KBH swings to quarterly profit on tax benefit. Infosys reports growth in third quarter profit. Emulex surged more than 13% and QLogic Corp added 9.4%.
123jump.com Staff
12 Jan, 2010
New York City
U.S. stocks declined as investors grew cautious ahead of earnings from Intel and JP Morgan and other banks. Alcoa earnings failed to spark investor excitement. Treasury plans to raise $40 billion through bonds sale today totaling $84 billion in the week.
Mayank Mehta
12 Jan, 2010
New York City
Cadbury Plc advised shareholders to reject the offer from Kraft and Italy based Ferrero dropped out of the bidding. Tesco Plc advanced after six week sales increased 4.9%. The Game Group sales for the year declined 11% from a year ago.
Mayank Mehta
12 Jan, 2010
New York City
Markets in Europe were rattled after EU regulators said deficit statistics of Greece are unreliable. National Bank of Greece dropped 6.3%. Beiersdorf, the German consumer products maker declined after it missed earnings outlook. EADS declined after it reported revenues decline on weak dollar.
Darlington Musarurwa
11 Jan, 2010
New York City
Chinese stocks were mixed but ahead of earnings appeared to be ready for another leap. 2009 auto sales surged 46% to 13.4 million units on government incentives. Chinese exports also gained 17.7% from a year ago and surpassed Germany to be the largest exporter in the world.
Mukesh Buch
11 Jan, 2010
New York City
U.S. traded sideways but commodities gained on the rise in Chinese exports. Heineken agreed to acquire beer unit of Femsa SAB in Mexico. Gold and crude oil gained as the dollar eased. President Obama is considering to levy a charge on banks to as he looks for ways to trim the deficit.
Darlington Musarurwa
11 Jan, 2010
New York City
Australian stocks edged higher ahead of earnings season this week. A rise of 0.7% in oil and 0.5% in gold lifted resource linked stocks. Job ads in December increased in newspapers and on the Internet. Australia
Mayank Mehta
11 Jan, 2010
New York City
Stocks in Mumbai traded lower after Reliance agreed to lift its offer for LyondellBasell to $13.5 billion from $12 billion and raised $763 million through the sale of treasury stocks. Rupee edged higher after as foreign investors increase exposure to Indian stocks. Dhampur Sugar Mills net triples.
Mayank Mehta
11 Jan, 2010
New York City
2009 worldwide auto sales at Volkswagen decreased 1.1% and at BMW fell 10%. Spain based Telefonica SA declined 3% after Venezuela devalued its currency by 50% and is looking to repatriate $2 billion from Venezuela. Heineken NV gained 3.3% after it agreed to acquire beer unit of Femsa SAB.
Mayank Mehta
11 Jan, 2010
New York City
UK stocks traded sideways but resource sector stocks gained. UK financial services executives indicate weak sentiment for the industry. Manchester United files to raise
Mayank Mehta
11 Jan, 2010
New York City
MercadoLibre, the online e-commerce site operator plunged 9%. Pacific Ethanol surged 60% on the expectations of higher sales. McMoran Exploration soared after it discovered energy prospects in the Gulf of Mexico.
123jump.com Staff
11 Jan, 2010
New York City
Heineken agreed to acquire the beer business of Mexico based Femsa SAB in a deal that values its Mexican business and exports operations at $7.7 billion or
123jump.com Staff
11 Jan, 2010
New York City
U.S. stocks traded sideways after commodities prices rose and the dollar declined. Alcoa gained nearly 6% on the expectations of quarterly profit report after the close. Gold and copper gained sharply.
