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World Stocks, Gold Decline on China Comments

123jump.com Staff
20 Jan, 2010
New York City

U.S. indexes followed lower world markets on weak commodities prices after Chinese regulators look for more ways to arrest rising real estate prices. China is looking to trim lending by 22% as the country prepares to withdraw stimulus and curb a rise in asset prices.

Indexes in Germany, France Fall 2%

Mayank Mehta
20 Jan, 2010
New York City

European indexes closed sharply lower on weak euro. Yields on Greek bonds increased and Greece plans to raise

Weak Metals Drag UK Stocks, William Hill Up 6%

Mayank Mehta
20 Jan, 2010
New York City

Weak commodities prices sent stocks in London lower, metals fell after Chinese banking regulator comments suggested a possible lending tightening. Electronics retailer Kesa Electricals declined after it reported weak sales in holiday period. William Hill, the bookmaker soared on sales rise of 6%.

CSX, Kraft, Coach Schawb Fall

Mayank Mehta
20 Jan, 2010
New York City

CSX Corporation led the decliners in the S&P 500 index with a loss of 6.3%. The Charles Schwab Corp fourth quarter profit declines 47%. Bank of America loss widens to $5.2 billion and Bank of New York Mellon fourth quarter net jumps.

U.S. Stocks Fall on Weak Housing Starts

123jump.com Staff
20 Jan, 2010
New York City

U.S. stocks traded lower after December housing starts declined 4% and completion fell 11.2%. Bank of America quarterly loss widened but loan loss provisions were elevated but stable. Wells Fargo swings to net income.

Australian Imports Surge 7%; Stocks Fall

Darlington Musarurwa
19 Jan, 2010
New York City

Australian imports surges 7% to A$17 billion in December. Newcastle coal exports in the last week declined 16% from the previous week to 1.56 million tons. Flight Centre upgrades profit forecast between 60% and 80%.

Tokyo Stocks Decline on JAL Bankruptcy

Darlington Musarurwa
19 Jan, 2010
New York City

JAL Corp, once the largest airline in Asia filed bankruptcy protection with $25 billion of debt. JAL will be delisted from the TSE wiping out shareholders and tax payers will shoulder $4.5 billion of debt burden.

India Inflation Worries; Govt Stake Sale

Mayank Mehta
19 Jan, 2010
New York City

Stocks in India closed lower as the inflation is expected to run ahead of market expectations. The central bank is looking to expand currency future contracts. Reliance Capital is looking to sell minority stake sale to a foreign investor. NMDC, Hindustan Copper rise on government stake sale talks.

European Talks Waver; Arcelor, BHP Africa Talks

Mayank Mehta
19 Jan, 2010
New York City

European markets in volatile trading closed higher. Alstom SA declined after quarterly sales increased 3%, lower than expected. ArcelorMittal and BHP Billiton are looking to form a joint venture to combine their mining ventures in Africa. Vinci Aand partners were selected for a tunnel project in UK.

UK Inflation Rises; Cadbury, Burberry Up

Mayank Mehta
19 Jan, 2010
New York City

UK stocks closed higher after Cadbury Plc accepted improved offer from Kraft. Cadbury board dropped its resistance to the hostile offer from Kraft as it could not find competing bidders. Consumer prices in December rose 2.9%. Burberry Group surged on higher than expected sales.

TD Ameritrade, Kraft Fall; Citi, Brink's Rise

Mayank Mehta
19 Jan, 2010
New York City

Kraft edged lower after Cadbury accepted its revised offer that valued the company at $19.5 billion. Tyco TD Ameritrade profit falls. Tyco agreed to pay $2 billion for Brink

Deals of $34 Billion Dominate New York Trading

123jump.com Staff
19 Jan, 2010
New York City

Three deals dominated investor focus. Cadbury agreed to Kraft offer of $19.5 billion, Williams Companies and its affiliate agreed to restructure energy distribution assets for $12 billion and Tyco purchased Brinks Home Security for $2 billion. Financial were weak after Citigroup reported loss.

Cadbury Accepts Kraft's $19.5 billion Offer

123jump.com Staff
19 Jan, 2010
New York City

Kraft revised its offer for Cadbury to

Euro Struggles, Greece Credibility in Question

123jump.com Staff
19 Jan, 2010
New York City

European markets trade lower as lawmakers and regulators voice their concerns how Greece will implement its debt reduction plan. The euro declined. Japanese stocks declined after JAL Corp filed for bankruptcy protection with $25 billion in debt.

HK Stocks Weak; CapitaLand, Orient Overseas Deal

Mayank Mehta
18 Jan, 2010
New York City

Stocks in China closed mixed ahead of earnings season. Orient Overseas Ltd, battling a deep slump in container shipment traffic sold its China property development projects for $2 billion to Singapore based CapitaLand Ltd. Shanghai home sales plunged 53% in the first two weeks in January.

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