Darlington Musarurwa
26 Mar, 2010
New York City
The Australian dollar rebounded and stock struggled. Eastern Star Gas gained on the takeover speculation. Santos Ltd agreed to sell its gas field off the northern coast for A$200 million. Virgin Blue and Qantas report higher passenger loads in February.
123jump.com Staff
26 Mar, 2010
New York City
Home furnishing retailer Williams-Sonoma fourth quarter net revenue grew 7.9% to $1.09 billion with comparable-store sales going up by 7.6%. Net income zoomed more than seven times to $88.4 million. Earnings per share were $0.81 as against $0.12 in the year ago quarter.
Darlington Musarurwa
26 Mar, 2010
New York City
February Core consumer price declined for the third month in a row. Core price decline has moderated since the fall of 2.4% six months ago. Japan bond yields rose tracking the gains the U.S. bonds yields. Stocks advanced the most in eighteen months on a weakness in the yen.
123jump.com Staff
26 Mar, 2010
New York City
U.S. GDP growth was revised downward to 5.6% rate from the second estimate of 5.9%. For 2009, the economy shrank at the fastest pace in sixty one years at 2.4%. The euro rebounds from the 10-month low. Oracle third quarter revenues rose 17.4% and net fell 10.5%. Acccenture quarterly net falls 3%.
123jump.com Staff
26 Mar, 2010
New York City
Sales fell 8% to $298.0 million & net income was $2.5 million or 4 cents a share. Gross profit was $79.9 million or 26.8% of net sales compared to $61.1 million or 18.8% of net sales in the prior year. In total buying & occupancy costs fell by $3.2 million compared to the 4th quarter of last year.
Mayank Mehta
25 Mar, 2010
New York City
Indexes in Shanghai and Hong Kong declined sharply on the worries that rising trade tensions may slowdown global trade. China may face higher trade barriers as the U.S. push for yuan revaluation. ICBC plans to raise $3.7 billion through bond sale.
123jump.com Staff
25 Mar, 2010
New York City
U.S. stocks lost early gains at close and U.S. Treasury bond yield increased for the second day this week. Treasury auction of 7-year note of $32 billion was disappointing. The dollar advanced after the ECB President Trichet criticized the IMF involvement in Greece bailout.
123jump.com Staff
25 Mar, 2010
New York City
Mumbai investors showed higher risk appetite despite elevated wholesale inflation. Reserve Bank of India is increasingly likely to raise rates and sacrifice growth in the short term. Kuwait based Zain is near agreement to sell its African mobile telecom business to Bharti Airtel.
123jump.com Staff
25 Mar, 2010
New York City
UK stocks closed higher after February retail sales were ahead of expectations and surged the most in seventeen months. Thomas Cook gained on higher summer bookings. Next Plc soared on better than expected sales and earnings. Clinton Cards Plc forecasted higher annual sales.
Mayank Mehta
25 Mar, 2010
New York City
European markets closed higher after Germany and France workout an agreement to support Greece with the help from the IMF. The euro advanced. Hermes International fourth quarter sales surged 11% but annual earnings edged lower. Hochtief AG soared on a 25% rise in net income.
Mayank Mehta
25 Mar, 2010
New York City
Best Buy Co. soared after it reported higher than expected sales and net income in the fourth quarter. ConAgra Foods declined after quarterly sales softened 1%. Citigroup Inc added after U.S. Treasury prepares to sell its 27% stake. Caterpillar and Deere book higher healthcare costs.
123jump.com Staff
25 Mar, 2010
New York City
European leaders agree on the need to involve the IMF and offer bilateral assistance to Greece. Greek bonds gained and the euro advanced against the dollar the pound. Financial markets in Europe edged higher.
123jump.com Staff
25 Mar, 2010
New York City
U.S. stocks traded higher after jobless claims declined. The euro edged up after the EU leaders appear to endorse bilateral loans and support from the IMF for Greece. Dubai government offered $9.5 billion support to Dubai World, easing concerns of a default.
Darlington Musarurwa
25 Mar, 2010
New York City
Reserve Bank of Australia noted the commercial real estate loan losses are a significant concerns but bank profits are expected to be on the rise. The RBA official also noted separately that inflation is likely to decline in the coming months. Woodside Petroleum denies Santos merger talks.
Mayank Mehta
25 Mar, 2010
New York City
Prime Minister Yukio Hatoyama showed his willingness to discuss the increase in consumption pledge. He had focused his campaign on lowering taxes and eliminating wasteful spending. Steelmakers in Japan face as much as 100% hike in iron ore price from Brazil shipments.
