123jump.com Staff
06 Aug, 2009
New York City
Rising mega IPO issues may soak liquidity from Indian market. NHPC Ltd, the largest hydroelectric company announced a plan to raise 6,000 crore rupees. The state controlled NMDC is preparing to sell 5% stake in the mining company.
Mukesh Buch
05 Aug, 2009
New York City
With the worldwide market strength the initial public offerings are slowly making a comeback in the U.S., Brazil, China and India. China based offering drew bids more than 100 times offer size. Earnings dominated trading sentiment in New York.
123jump.com Staff
05 Aug, 2009
New York City
European benchmark indexes traded sideways. AXA net in the first half declined 39%. Deutsche Boerse dropped 6.5% after net dropped 33% in the first half. Swiss Re reported quarterly net loss.
123jump.com Staff
05 Aug, 2009
New York City
Hong Kong and Shanghai indexes edged lower. Everbright Securities initial public offering was oversubscribed more than 100 times. China Railway Construction garnered orders worth $700 million.
Mayank Mehta
05 Aug, 2009
New York City
Stocks in Japan edged lower on weak earnings from NTT, Nikon and Isuzu. Inpex, the crude oil refiner quarterly profit plunged 48%. Fast Retailing dropped after same store sales at one of its retail chains declined in July.
123jump.com Staff
05 Aug, 2009
New York City
Fresh Del Monte sales for the quarter were up marginally to $978.4 million but earnings rose 27% to $52.2 million pushed by industry wide shortage of bananas and higher prices. Earnings per share were 82 cents as against 66 cents in the year ago quarter.
123jump.com Staff
05 Aug, 2009
New York City
The casino operator net quarterly revenue declined 4.8% to $1.06 billion. Net quarterly income slumped 72% to $8.8 million. Earnings per share was 1 cent compared to 9 cents a year-ago quarter. The company estimates to generate $500 million in annualized savings through its cost savings programs.
Mayank Mehta
05 Aug, 2009
New York City
UK manufacturing output increased in June but declined in the quarter. Service index showed a slow and steady expansion. F&C Asset Management reported loss in the first-half. Ukraine based iron ore miner, Ferrexpo plc surged after reporting lower than expected profit decline.
Mayank Mehta
05 Aug, 2009
New York City
Whole Foods Market led gainers in the S&P 500 index with a rise of 19.6%. BMC Software posts first quarter profit gain. China based Ctrip.com net profit surged 33% in second quarter. RBC Bearings first quarter results miss expectations.
Mayank Mehta
05 Aug, 2009
New York City
Mumbai stocks hovered near 14-month highs on earnings momentum. Axis Bank prepared to raise more than $1 billion from international investors. Hindustan Construction increased on a large new order. Reliance Infrastructure led consortium was awarded Mumbai Metro Rail project of $2.2 billion.
123jump.com Staff
04 Aug, 2009
New York City
Fourth quarter revenue for the online credit card processor grew 17% to $402 million but profit fell 8% hurt of higher expenses and unfavorable FX to $37.6 million. Earnings per share were 46 cents compared to 50 cents in the year ago quarter.
123jump.com Staff
04 Aug, 2009
New York City
U.S. investors bid stocks higher as home sales sustain the momentum for the fifth month. Caterpillar positive comments also boosted the sentiment. PepsiCo agreed to acquire two bottlers for $7.8 billion. BMW reported quarterly loss and Toyota lowered its estimate of annual loss.
Trupti Mehta
04 Aug, 2009
New York City
BMW reported net quarterly loss and indicated no change in weak outlook for the year. Bauer AG dropped 8% after net income plunged 43%. Beiersdorf AG earnings fell on weak industrial demand. Fresenius Medical reiterated annual earnings and sales outlook.
123jump.com Staff
04 Aug, 2009
New York City
Lending tightening by China to curb speculative home lending appear to yield results as prices in the four large cities declined for the first time in seven months in July. Chinese regulators are also likely to tighten capital reserve calculations to curb lending. Resource stocks rose in Hong Kong.
Mayank Mehta
04 Aug, 2009
New York City
Toyota lowered annual loss estimate and revised higher annual unit sales. Yamaha plunged after it estimated sharply higher annual loss. Idemitsu Kosan, the crude oil refiner sales fell and reported net loss in the quarter.
