123jump.com Staff
05 Sep, 2008
New York City
Stocks in Japan fell on the worries that weak global markets and rising commodities prices will lower exports and earnings of local companies. That economic view was reinforced by 7.6% decline in capital spending in the second quarter. Steelmakers and exporters fell sharply. Finance ministry reported a decline in reserve of $7.9 billion to $996 billion and stated that it held 24.6 million ounces of gold.
123jump.com Staff
05 Sep, 2008
New York City
UK stocks fell 2.3% after commodities and crude oil prices in the region declined. Informa rejected a lowered offer from a consortium of private equity investors and held out for a higher offer. The troubled mortgage lender HBOS plc is exploring a possible sale of its Australian units. Johnson Matthey led decliners in the FTSE 100 index shares with a fall of 8.5% followed by losses in Kazakhmys Plc of 8.2%, in Eurasian Natural of 7.6%, in Ferrexpo Plc of 7.1%, and Antofagasta of 7%.
123jump.com Staff
05 Sep, 2008
New York City
Stocks in Mumbai dropped sharply as new information emerged on nuclear deal with the U.S. The Bush administration has conditioned that the supply of the nuclear material will halt if India lifted its moratorium on nuclear tests. The condition violated sovereign right of India to test and BJP and other opposition parties immediately demanded resignation of the prime minister. Financial, realty and telecom stocks fell as weak closing of the global markets dragged the index 2.8% lower.
123jump.com Staff
05 Sep, 2008
New York City
U.S. benchmark indexes fell between 1% and 2% after the release of August unemployment data. The jobless rate increased to 6.1% from 5.7% and number of people unemployed increased by 84,000. Stocks fell quickly as crude oil and metals declined. Stock indexes around the world fell, as investors showed aversion to risk. Russian market and currency fell sharply after investors flee Russia on continued fall in commodities prices and an ongoing conflict with Georgia.
123jump.com Staff
04 Sep, 2008
New York City
Stocks in Australia fell after it reported a trade deficit in July, surprising the most analysts. The ASX 200 index fell 1.6% or 80.50 too 4,979.50. The Australian Bureau of Statistics reported today that trade deficit in July was A$34 million or A$717 million ($595 million) on a seasonally adjusted basis after trade balance in June was revised to a surplus of A$351 million.
123jump.com Staff
04 Sep, 2008
New York City
Stocks in Shanghai and Hong Kong traded mixed. Telecom stocks declined. In Hong Kong trading Hang Seng Index fell 0.91% or 198.58 to 20,389.48 and in Shanghai trading CSI 300 Index rose 0.2% or 5.18 to 2,251.15. National Tourism Administration said China
123jump.com Staff
04 Sep, 2008
New York City
Stocks in Japan fell on weak tech and commodities sectors. Honda sales in the U.S. rise as Asian car makers increase market share in August. In Tokyo trading Nikkei 225 fell 1.04% or 131.93 to 12,557.66, and the broader Topix Index fell 1.6% or 18.90 to 1,201.65. Asian auto makers increased their U.S. market share in August to 47.3%. Shipping lines also declined as the Baltic Dry Index plunged 5% yesterday on worries China
123jump.com Staff
04 Sep, 2008
New York City
The U.S. benchmark indexes fell 3% on weaker than expected retail stores and a surprise increase in unemployment claims. Of the stocks in the S&P 500 index, 475 declined and 22 increased. Nearly 50% of the stocks in the index dropped more than 3%. Markets in Europe, South America and Canada dropped sharply as well. The ECB and BoE left key lending rates unchanged but Sweden increased its rate. Brazil led the decliners in Latin markets for the fourth day in a row and fell 4%.
123jump.com Staff
04 Sep, 2008
New York City
The ECB and the BoE left key rates unchanged. Central bankers in the region are fighting rising inflation and falling growth rates. Economies in the euro-zone and in UK are facing recessionary trends and a decline in retail sales. Sweden raised its key lending rate by 0.25% to 4.75% to combat rising inflation in food and energy prices. The U.S. dollar rose against euro and British pound after the rate decision.
123jump.com Staff
04 Sep, 2008
New York City
Stocks in Mumbai trading fell as investors seek to take profit after a recent surge of benchmark by 10%. The fall in crude oil prices had powered the recent rebound in indexes and widely held stocks. Tata hopes to launch much anticipated small car Nano on or near initial launch schedule despite daily demonstration at its plant in West Bengal. UCO Bank plans to raise 600 crore rupees by the end of this year.
123jump.com Staff
04 Sep, 2008
New York City
U.S. stocks fell sharply in the morning trading after retailers reported mixed same store sales. Non-farm productivity rose at 4.3% in the second quarter compared to 3.4% rise in the quarter a year ago. Discounters reported rising same store sale in August but at apparel retailers sales declined. Ciena fell 20% after it forecasted weak sales growth for the year.
123jump.com Staff
03 Sep, 2008
New York City
U.S. stocks closed lower led by a decline in energy, mining and technology stocks. The Bank of Canada left its key rate unchanged at 3% and Australia reported weak economic data for the second quarter. Euro zone economy in the second quarter shrank at 0.2% from the first quarter and retail sale in July fell 0.4%. Coca-Cola Company agreed to acquire China Huiyuan Juice Group for HK$19.6 billion or $2.5 billion. For the third day in a row, Brazil fell more than 1% and led decliners in the region.
123jump.com Staff
03 Sep, 2008
New York City
Stocks in Sydney fell as oil and commodities prices declined for the second week in a row. The price of oil had surged nearly 100% from last June to $147 a barrel in July of this year before declining to $108 a barrel today
123jump.com Staff
03 Sep, 2008
New York City
Coca-Cola Company agreed to acquire China Huiyuan Juice Group for HK$19.6 billion or $2.5 billion including convertible bonds and diluted shares. The agreement values the juice maker at HK12.20 a share, nearly three times is most recently traded price near HK$4.10 a share. The offer values the company at 17 times operating earnings of 2007.
123jump.com Staff
03 Sep, 2008
New York City
Japan stocks edged higher after crude oil declined in the region to a three-month low. A steady decline in oil and natural gas prices in the last five trading session lifted stocks of consumer goods, retailing and paper and tire manufacturing companies. Mitsubishi UFJ may increase its stake in consumer lender Acom to 40% from 15%.
