123jump.com Staff
30 Jan, 2009
New York City
Foreign currency rserves of India declined $4.5 billion to $247.6 billion at the end of last week. Core rate of economic growth declined at 2.3% in December. Tata Motors reported 263 crore rupees in the latest quarter. Adani Enterprises net in the quarter dropped 54%. L&T profit nearly tripled.
123jump.com Staff
30 Jan, 2009
New York City
The preliminary read on the fourth quarter U.S. GDP suggested a decline in real and nominal terms. The twin decline, a first in fifty years may indicate a weakness in corporate profits in the fourth quarter. Industrial production in Japan fell sharply and exports from Hong Kong declined.
123jump.com Staff
30 Jan, 2009
New York City
Hong Kong exports in December fell more than 11% and for the year declined 5%. Exports declined 15% to the U.S. and dropped 12% to china. Chine imported 51% of its crude oil needs in 2008. Stocks in Hong Kong trading rose on a surge in shipping companies.
Mayank Mehta
30 Jan, 2009
New York City
U.S. stocks edged lower on weak economic growth report. Amazon.com increased on higher sales and earnings. Monster Worldwide declined on 37% decline in earnings. Chevron and ExxonMobil gained after reporting better than expected earnings.
123jump.com Staff
30 Jan, 2009
New York City
The fourth quarter GDP declined at an annual rate of 3.8% on weak consumer spending, residential investments and weak exports. Stocks in the early morning dropped on weak economic data. Amazon.com fourth quarter sales increased 18% and net rose 9%.
123jump.com Staff
30 Jan, 2009
New York City
Stocks in Australia gained on a rise in gold price. Despite a decline in interest rate and significant increase in lending availability from the Reserve Bank of Australia, the lending fell 0.3% in December. Separately, Rio Tinto sold its iron ore mine and potash assets for $1.6 billion.
123jump.com Staff
30 Jan, 2009
New York City
Japan industrial production index in December dropped 9.6%. The sharp decline in production was driven by falling demand in transport and industrial machinery orders and falling global exports. The total number of unemployed rose 17% in December. The Nikkei 225 index fell 3.1%.
123jump.com Staff
29 Jan, 2009
New York City
The Internet search and advertising company revenue rose to 18% to $5.7 billion. Net earnings dropped 68% to $382.4 million on AOL impairment charges. Earnings per share declined to $1.21 compared to $3.79 a year ago.
123jump.com Staff
29 Jan, 2009
New York City
U.S. stocks dropped ahead of the GDP report and on weak employment and new home sales. The sales declined to 45-year low to annual rate of 331,000. Unemployment claims rose to 4.8 million at the end of the last week. President Obama urged Wall Street to reconsider $18 billon of bonus.
123jump.com Staff
29 Jan, 2009
New York City
The U.K. government approves
Mayank Mehta
29 Jan, 2009
New York City
Textron, Eastman Kodak and Allstate plunged after the companies reported a quarterly loss. Eastman Kodak announced plan to lay-off as many as 4,500. DryShips plunged on $500 million secondary offering.
123jump.com Staff
29 Jan, 2009
New York City
The latest read on monthly inflation at the end of previous week in India edged higher, however inflation remains subdued. India is likely to announce third stimulus package. Stocks in Mumbai trading fell after rising 6% for the week. Indian Hotels profit surged 38% and BHEL rose ahead of earnings.
123jump.com Staff
29 Jan, 2009
New York City
Hong Kong left its key rate unchanged following the similar move by the U.S. Federal Reserve. The new mortgage loans origination declined in December in Hong Kong. Oil consumption rose at a slower pace in 2008 in China but production increased at a faster pace.
123jump.com Staff
29 Jan, 2009
New York City
New Zealand aggressively cut its benchmark lending rate to 3.5% from 5% as the central bank lowers its view on the global economic conditions and prospects of higher exports. Stocks in Australia edged higher 0.9% on higher commodities prices.
Darlington Musarurwa
29 Jan, 2009
New York City
December retail sales in Japan fell 2.7% as consumer keep a tight grip on spending on worrying job losses. The recent declines in energy costs have still not been passed on to the consumers. Sony reported operating loss in the third quarter of 18 billion and estimated full year loss of 150 billlion.
