Darlington Musarurwa
29 Oct, 2009
New York City
U.S. stocks gained after the release of third quarter economic expansion. The surge in the economic was supported by personal consumption, a rise in exports, inventory investments and federal spending. Oil, natural gas and precious metals advanced.
Mayank Mehta
29 Oct, 2009
New York City
First Solar, Inc led the decliners in the S&P 500 index with a loss of 17.3%. Affiliated Managers Group third quarter profit increased 72%. Aetna Inc beats analyst expectations. Owens-Illinois, Inc third quarter profit jumps 61% on cost cutting.
Darlington Musarurwa
28 Oct, 2009
New York City
Stocks in Japan fell as investors digested barrage of negative earnings and lowered forecasts. Canon reported its seventh quarterly net decline. Toshiba revised its estimate of first half loss higher. Nomura swung to a first half profit from a year ago. Retail sales in September declined 1.4%.
Darlington Musarurwa
28 Oct, 2009
New York City
Stocks in China region were mixed but traded with a downward bias. Hong Kong government plan to contain real estate priced dragged stocks lower. Airlines gained after three leading carriers return to a quarterly profit. Angang Steel dropped 6% after it estimated as much as 50% fall in annual profit.
Darlington Musarurwa
28 Oct, 2009
New York City
Stocks and dollar in Australia declined as commodities prices fell and market valuation remain stretched after seven months of rally. Australia consumer price index rises 1% in three months to September. National Australia Bank annual profit drops 42.9% to A$2.6 billion.
Mukesh Buch
28 Oct, 2009
New York City
Losses in the late afternoon trading in the Americas dragged markets lower in New York, Toronto and Sao Paolo. Argentina plunged 6%. European markets closed down more than 2% and Asian markets traded weak on tighter monetary policy talks.
Mayank Mehta
28 Oct, 2009
New York City
Stocks in Mumbai fell for the second day on the worries that rising interest rates and inflation may force government to withdraw economic stimulus. HCL Technologies and Firstsource declined on lower than expected earnings. GAIL India Ltd net drops 30%.
Mayank Mehta
28 Oct, 2009
New York City
Deutsche Bank agreed to pay 1 billion to acquire Germany
Mayank Mehta
28 Oct, 2009
New York City
UK banks declined after the government advances the plan to separate bad loans at three largest troubled banks that are operating under its supervision. Prudential Plc dropped 10% after it reported weak results. GlaxoSmithKline quarterly sales rise on weak pound and one-time sale of H1N1 treatment.
Mayank Mehta
28 Oct, 2009
New York City
Apollo Group plunged after SEC opened an informal revenue recognition inquiry. Panera Bread rose after its quarterly net surged 38%. Visa Inc swung to a quarterly profit of 69 cents a share. Harris Corporation led gainers in the S&P 500 index with a rise of 8.3%.
123jump.com Staff
28 Oct, 2009
New York City
Stocks worldwide are on the defensive. Norway increased its key lending rate by 25 basis points to 1.5% and joins five other nations that have either raised or tightened monetary policy. On the earnings front, SAP, ArcelorMittal and Cannon declined. The dollar gained as investors unwind carry trade.
123jump.com Staff
27 Oct, 2009
New York City
Japan raises economic assessment on regional economies. Stocks in Japan fell on weak commodities prices in weak trading in Asia. Honda quarterly profit declined 56% but maintained the outlook. Shippers declined after Kawasaki Kisen dropped after it increased its net loss forecast more than two fold.
Darlington Musarurwa
27 Oct, 2009
New York City
Hong Kong stocks fell sharply after regulators increased down payment for luxury homes. Property developers are seeking cheaper and more land as home prices have surged 28% in a year. Earnings focus was Baidu.com, China Life Insurance and Ping An.
Darlington Musarurwa
27 Oct, 2009
New York City
Stocks in Australia and Asia declined after commodities prices fell and the prospect of higher interest rates kept investors on the sidelines. Australia
Mayank Mehta
27 Oct, 2009
New York City
The Reserve Bank of India set the stage for higher rates and cited gathering inflation forces and strength in the banking balance sheets. Stocks in the broader market fell sharply as banks led the decliners. On the earnings front Tata Motors and Wipro gained but TV Today and United Spirits fell.
