123jump.com Staff
17 Mar, 2010
New York City
Market indexes in Hong Kong rose more than 1.7% after the U.S. Fed left its lending rate unrevised. Shanghai indexes advanced tracking gains in commodities and resource stocks. Property developers gained for the third day in Hong Kong. Bank of China is to finalize its $7 billion stock sale.
Darlington Musarurwa
17 Mar, 2010
New York City
Stocks and commodities closed higher in Sydney trading. Japanese steelmakers JFE Holdings and Sumitomo Metal Industries agreed to 55% price increase for coking coal for a three-month contract. AWB Ltd lowered profit estimate. David Jones first half sales increased 3%.
123jump.com Staff
17 Mar, 2010
New York City
The market indexes inched higher as investors focused on a decline in wholesale index and Fed
Darlington Musarurwa
17 Mar, 2010
New York City
Stocks in Japan closed sharply higher after the Bank of Japan left its key lending rate at 0.1% and expanded short term lending program to $220 billion. The sharp increase in the program only highlights the difficulties faced by borrowers and bank
123jump.com Staff
17 Mar, 2010
New York City
The Sensex gain of 0.6% lifted the benchmark index in India in the positive zone after dropping nearly 10% in the year. Larsen & Toubro received $250 million order from ONGC. Jaiprakash Associates expects cement business to grow 40% in the next fiscal year.
Mayank Mehta
17 Mar, 2010
New York City
European markets closed higher as stocks in resource, banks and retail sectors lead. Greek benchmark index fell 1.1%, the lone decliner among the eighteen European country indexes. Bourbon SA soared after it estimated better market conditions in the oil exploration and production.
Mayank Mehta
17 Mar, 2010
New York City
UK stocks edged higher and the benchmark index traded near one and a half year high as expectations of low interest rate for the near future dominated the sentiment. Arriva Plc soared on a takeover offer and February unemployment claims fell at the fastest pace since 1997.
Mayank Mehta
17 Mar, 2010
New York City
Blockbuster plunged after the company may file for a bankruptcy protection. Fuqui International, Inc, the jeweler said it will miss its quarterly earnings target. Polycom, Inc surged 8% on a speculation that it may be seeking a buyer.
123jump.com Staff
17 Mar, 2010
New York City
U.S. stocks and commodities traded higher after the producer price index decreased in February and the Fed
123jump.com Staff
17 Mar, 2010
New York City
Sales rose 13.5% to $162.4 million and net income was $970,000 or 4 cents a share. comp-store sales increased 7%. Gross profit increasing $5.9 million or 12.8%, to $51.8 million. Gross profit as a percentage of sales decreased to 31.9% for the quarter compared with 32.1% last year.
123jump.com Staff
17 Mar, 2010
New York City
Sales rose 9.6% to $2.74 billion & net income rose 4.5% to $55.1 million or $1.01 a share. Comparable club sales rose 4.6%. The accounts payable inventory ratio at the end of January was 71.6% versus 67.9% last year. Cost of sales including buying & occupancy was flat to last year in basis points.
Mayank Mehta
16 Mar, 2010
New York City
Stocks in Shanghai traded higher but in Hong Kong declined. Hong Kong government plans to release 4,000 apartments to cool property prices. Property developers declined in Hong Kong. Cosco Shipping Co. filed to raise $580 million to pay for twenty new ships. Coal prices decline for the sixth week.
Darlington Musarurwa
16 Mar, 2010
New York City
The Australian benchmark index gained a fraction on a strength in precious metals. Reserve Bank of Australia guided a gradual increase in rate if the economy maintains its growth pace close to its long term expectations. ANZ plans to sell 10% in Vietnam Bank as it seeks open wholly owned branches.
Darlington Musarurwa
16 Mar, 2010
New York City
Bank of Japan is scheduled to announce its rate decision and the direction of its bond purchase and direct lending programs. Sony Financial surged 14% after it tightened its portfolio guidelines. Honda Motor recalled 412,000 vehicles in the U.S.
123jump.com Staff
16 Mar, 2010
New York City
U.S. Federal Reserve left its key lending rate range unchanged and cautioned that while labor markets are stabilizing the bank lending is still contracting. The Fed also estimated that rates will be low for an extended period of time.
