123jump.com Staff
24 Sep, 2008
New York City
The French state controlled nuclear utility company agreed to acquire British Energy for
123jump.com Staff
24 Sep, 2008
New York City
Civilian nuclear deal between the U.S. and India was approved by the U.S. Senate panel and will be put for a vote on the U.S. Senate. The number of mobile telecom users in India cross 300 million after the country adds more than 9 million users in August.
123jump.com Staff
24 Sep, 2008
New York City
Sumitomo Mitsubishi will invest as much as 100 billion yen or $1 billion in Goldman Sachs after Warren Buffett agreed to invest $5 billion in the recently converted bank. Taro Aso is elected as the fourth prime minister in less than two years in Japan but elections are likely in less a year.
123jump.com Staff
24 Sep, 2008
New York City
U.S. stocks trade sideways in the morning as financials got a boost after Warren Buffett purchased $5 billion preferred stock. AIG signed $85 billion loan that pays interest even when the credit facility is not used. The Fed offered $30 billion of liquidity to Australia, Norway, Sweden and Denmark.
123jump.com Staff
23 Sep, 2008
New York City
Warren Buffett agreed to invest $5 billion in preferred stock with 10% dividend in Goldman Sachs. Goldman Sachs recently elected to convert itself into a bank supervised by the Federal Reserve. Goldman Sachs stock in the after hours rose 8% after the deal.
123jump.com Staff
23 Sep, 2008
New York City
UK investors are increasingly worried about the global economic health and its impact on the UK traded companies. Financials declined as the U.S. lawmakers debated the size and nature of the bailout plan. Metal and crude oil prices dropped and dragged down mining companies.
123jump.com Staff
23 Sep, 2008
New York City
Stocks in the Americas and Europe fell as more lawmakers voice their concerns on the lack of details about the U.S. bailout plan. The Fed chairman Bernanke and Treasury secretary Paulson failed to convice lawmakers why they need $700 billion and why there should not be more debate. Brazil falls 4%.
123jump.com Staff
23 Sep, 2008
New York City
U.S. stocks accelerate their losses as lawmakers debate the details and size of the bailout plan. Executive compensation, the nature of auctions and regulatory oversights are some of the key concerns of the senators of both parties. Crude oil and metals prices fell on global worries.
123jump.com Staff
23 Sep, 2008
New York City
European stock markets declined as mining and financial stocks fell. Investors are increasingly voicing their concerns with the lack of details in the U.S. $700 billion bailout plan which dragged financial stocks lower. Metal prices fall dragged mining companies in the region.
123jump.com Staff
23 Sep, 2008
New York City
Benchmark stock index in India dropped more than 3% after nine domestic banks are estimated to have 2,000 crore rupees exposure to the U.S. financial crisis. ICICI Bank, HDFC Bank and State Bank of India dropped. Realty stocks fell after worries of the economic slowdown gripped investors.
123jump.com Staff
23 Sep, 2008
New York City
Stocks in Australia fell as investors in the region sold financial stocks. Metals and crude oil prices surged as the U.S. dollar dropped. Sino Gold led the gainers in the ASX 200 index with a rise of 16% followed by gains in Babcok & Brown of 13%.
123jump.com Staff
23 Sep, 2008
New York City
Hong Kong and Shanghai stocks fell 3.8% after investors worried that the U.S. bailout plan will spread inflation around the world. Transportation stocks fell after crude oil jumped. Mining stocks rose. China to issue 25 billion yuan of treasury bonds at 3.68% interest rate.
123jump.com Staff
23 Sep, 2008
New York City
Stocks in New York edged higher as lawmakers debate details of the $700 billion bailout plan. Dollar traded lower against euro and Japanese yen. Crude oil traded lower after surging to a record one-day gain. Nomura agrees to buy Lehman banking asset in Europe and Middle East.
123jump.com Staff
22 Sep, 2008
New York City
European markets in the region fell between 1.6% and 2%. Regulators in the region followed the U.S. initiative to ban short selling in financial stocks till the end of the year. Crude oil and metals prices increased and German auto companies fell. Banks in Ireland declined on ratings downgrade.
123jump.com Staff
22 Sep, 2008
New York City
Stocks in Japan rose on the optimism that the U.S. bailout plan of $700 billion will improve liquidity in the credit markets. The Bank of Japan added liquidity to the system. Commodities prices gained as well. Taro Aso was elected as the leader of the LDP party. Konica Minolta surged 13%.
