123jump.com Staff
06 Mar, 2009
New York City
Stocks adjusted to lower level after China did not expand its large stimulus package. In Hong Kong trading banks and insurance companies fell. Manulife Financial Corp plunged 10.1% to HK$62.30 after its Toronto-listed parent company shares fell yesterday.
123jump.com Staff
06 Mar, 2009
New York City
As global economic recession widens, Japan is feeling export pressures. Preliminary exports declined 47% in February and imports fell 28%. Japan is likely to accelerate its direct corporate lending in less than a month as companies find it difficult to borrow money.
123jump.com Staff
06 Mar, 2009
New York City
World markets dropped as global investors held hostage to the political inaction in Washington. U.S. led world recession continue to deepen and widen across industries and nations around the world. Central banks in Europe and UK lowered interest rates and UK prepares to print money. Gold shines.
123jump.com Staff
06 Mar, 2009
New York City
European stocks fell sharply on economic concerns after leading central banks in Europe cut a half-point interest rate and economic data from the US, Germany and the euro region confirmed the deepening of recession. ECB and BoE lowered rates by 0.5% and ECB lowered growth estimate.
123jump.com Staff
06 Mar, 2009
New York City
Australian benchmark index fell 1.4% after Reserve Bank of Australia board member and chairman of Telstra warned that economic conditions in the country are deteriorating precipitously. Australian economy is expected to slip into recession during the second half of this year.
123jump.com Staff
05 Mar, 2009
New York City
General Motors Corporation led the decliners in the S&P 500 index with a loss of 11.3%. PetSmart, Inc fourth quarter net rises. Toll Brothers, Inc first quarter sales surged 51.4%. Urban Outfitters, Inc fourth quarter net falls 24%.
123jump.com Staff
05 Mar, 2009
New York City
European averages fell sharply after the Bank of England and ECB cut key rates to a record low. The BoE prepared to print money, a highly inflationary step that may hamper the economic growth in the longer term. Investors were also shaken by news that UK house prices fell further in February.
123jump.com Staff
05 Mar, 2009
New York City
Reserve Bank of India lowered its key lending rate to 5% to stimulate demand and maintain liquidity in the financial system. The latest measure of wholesale inflation declined. Stocks fell as foreign investors sell stocks and drive rupee to near record low. Tata Motors credit rating downgraded.
Darlington Musarurwa
05 Mar, 2009
New York City
China targeted economic growth of 8% in the current year and Premier Jiabao did not expand its current stimulus package of Rmb4 trillion. Stocks fell in Shanghai and Hong Kong after surging in previous session ahead of the announcement. Hutchison Telecom surged 10%.
123jump.com Staff
05 Mar, 2009
New York City
Corporate profits in Japan plunge 65% and companies slash capital spending 18% as domestic and export markets shrink. Japan in the latest quarter ending in December suffered worst economic decline in more than five decades. Stocks rallied on the gains in the region on China spending plan.
123jump.com Staff
05 Mar, 2009
New York City
Australian trade surplus rises to A$970 million in January. Tight credit conditions weighed on housing approvals and dropped 3.7% to 9,312 units in January. The Australian regulator extends ban on covered short-selling of financial securities.
123jump.com Staff
04 Mar, 2009
New York City
Stocks around the world closed higher as mining companies and commodities rebounded. General Electric and General Motors dropped a multi-decade low. U.S. lawmakers draft a legislation to let courts change terms of troubled mortgage loans.
123jump.com Staff
04 Mar, 2009
New York City
Stocks in UK and Europe closed sharply higher on a rise in consumer confidence in UK and a gain in commodities related stocks. Rio Tinto and BHP Billiton surged more than 13%. ITV annual loss surged to
123jump.com Staff
04 Mar, 2009
New York City
Big Lots, Inc surged of 15.8% after it posted lower quarterly profits but beat the expectations of analysts. Luna Innovations Inc sees revenue below estimates. VeriFone Holdings, Inc first quarter profit beats estimates.
123jump.com Staff
04 Mar, 2009
New York City
Twenty nine foreign direct investment projects approved by India ranged from media and entertainment, financial services and logistic services. Stocks edged higher as markets in the region advanced. The rupee rose to 51.52 against the dollar from 51.95 yesterday.
