Darlington Musarurwa
22 Jan, 2009
New York City
Japan exports in December plunged, in yet another confirmation of sharp deceleration in international trade among developed nations. Exports to U.S. declined for the sixteen month in a row and to China dropped 36% and Europe declined 42%. The Bank of Japan left rates unchanged.
123jump.com Staff
22 Jan, 2009
New York City
Chinese economy grows at the slowest pace in the last seven years as the falling domestic demand and international trade contributes to the weakness. The GDP rises 6.8% in December as trade growth declines. Inflation falls sharply in December and corporate profits increase at the slowest pace.
123jump.com Staff
22 Jan, 2009
New York City
Inflation in India edges to 5.6% but still lower than a year ago as the economy slows. Companies report mixed earnings. Reliance net drops 8.8%, Bharti Airtel net rises 25% and Hero Honda profit advances 9% and Bharat Forge profit slumps 92%. Coromandel Fertilisers net surges 77%.
Mayank Mehta
21 Jan, 2009
New York City
Bank stocks rebounded on the hopes of a bailout plan from the Obama administration. Commodities and metal makers declined. Bank of America surged 31%, Citigroup galloped 31.5% and Morgan Stanley and JP Morgan rose more than 25%. The railroad operator, CSX dropped on earnings.
123jump.com Staff
21 Jan, 2009
New York City
Stocks in New York rose on the anticipation of Obama administration bank rescue plan. Banks surged after executives and directors at the Bank of America purchased shares. Asian stock may rebound in the trading after dropping sharply today.
123jump.com Staff
21 Jan, 2009
New York City
Hong Kong exports decline 7.1% in November. Global worries dragged the bench mark index in Hong Kong and in Shanghai. Banks and insurance companies fell the most. China Life dropped 7.5% after it estimated a profit decline of 50%.
123jump.com Staff
21 Jan, 2009
New York City
U.K. jobless claims increase 77,900 in December. Barclays plunged 9% on the unsubstantiated rumors that the lender may face nationalization. Banks rebounded in trading after falling sharply in the last three sessions. The Bank of England is likely to purchase assets from banks directly.
123jump.com Staff
21 Jan, 2009
New York City
Sensex in India dropped 3.5% and the index fell below 9,000 for the first time in three years. Global market weakness and new worries of the banking sector in the U.S. and UK dragged confidence in Asian markets including India. Satyam founder admitted of diverting company funds to other ventures.
123jump.com Staff
21 Jan, 2009
New York City
Australian confidence dips to low as hopes of economic recovery fades and home prices decline in December. The recent fall in fuel prices dragged the inflation lower but consumer confidence remains low. Despite a rise in crude oil and commodities prices, stocks declined.
123jump.com Staff
21 Jan, 2009
New York City
Stocks in Tokyo dropped 2% as global market weakness and continued worries with banking sector in the U.S. and UK resurfaced. Most banks in Japan and in Asia fell as more capital will be needed by the banks to restore balance sheets. Shipping industry export orders plunged 91% in December.
123jump.com Staff
20 Jan, 2009
New York City
Barack Hussein Obama took oath as the 44th president of the United States and asked Americans to take responsibilities for rebuilding the America. In New York trading investors dumped banks, asset managers and indexes plunged between 4% and 5%. UK was forced to offer second and a larger bailout.
123jump.com Staff
20 Jan, 2009
New York City
A decline in banks led the most the actively traded stocks in New York. State Street, the largest institutional money manager plunged nearly 45% on weak earnings outlook and dragged other asset managers with it. ConocoPhillips cut its capital spending by 18% and staff by 4%.
123jump.com Staff
20 Jan, 2009
New York City
Mumbai stocks fell on the worrries that the world financial system may suffer for more weaknesses. Weak trading persisted on both exhanges in Mumbai as retail investors brace for losses. The benchmark index Sensex traded above 9100. Hero Honda net rises 9.3%, TCS wins IT service order from Ducati.
123jump.com Staff
20 Jan, 2009
New York City
Australian slipped 3.1% on weakness in financial stocks. Royal Bank of Scotland estimated the largest recorded loss of 28 billion of any British company. A decline in commodities prices led to another round of losses in miners and metal makers.
123jump.com Staff
20 Jan, 2009
New York City
Tokyo stocks dropped more than 2% on the latst read on the service industry index showed a decline in November. The weakness in the service sector is the latest confirmation of the declining economy in Japan. Tokyo appoints grandson of the founder Toyoda.
