Mayank Mehta
17 Jul, 2009
New York City
Stocks in Mumbai surged after the government suggested that it will reform financial services industry to attract more investors in the infrastructure development and insurance industry. Air India will receive $510 million in equity infusion from the government.
Trupti Mehta
17 Jul, 2009
New York City
Japanese investors focused on domestic stocks after the prospect global recovery looks dim in the near term. Real estate and retail stocks closed up. Consumer lenders Aiful and Promise dropped on the worries that opposition party DPJ may curb lending practices.
123jump.com Staff
16 Jul, 2009
New York City
The semiconductor chip maker net revenue declined 15% to $8 billion in the quarter. Net quarterly loss was $398 million as a result of the European Commission fine of $1.45 billion. The company lost 7 cents a share compared to earnings of 28 cents a share the prior-year quarter.
Mayank Mehta
16 Jul, 2009
New York City
CIT Group led the decliners in the S&P 500 index with a loss of 74.7%. Kinder Morgan Energy Partners second quarter net profit slumps. Stanley Furniture second quarter loss widens. Brightpoint announces pricing of a 15 million common stock offering by a shareholder.
123jump.com Staff
16 Jul, 2009
New York City
Stocks in Shanghai traded higher in the morning but close lower on the valuation worries. Sinotruk surged 15% after MAN SE acquired 25% stake in the company. Jiangxi Copper added nearly 4% on strong commodities prices.
123jump.com Staff
16 Jul, 2009
New York City
Economic growth in China accelerates in the second quarter to 7.9% from 6.1% in the first quarter as the stimulus reaches many sectors of the economy. Consumption and investment contributed to the growth but the fall in trade surplus deducted the expansion.
123jump.com Staff
16 Jul, 2009
New York City
Sterlite Industries is in process of raising $1.5 billion to fund its power generation business. Indian government plans to raise $22.5 billion by the end of September to fund its budget deficit and infrastructure development. Larsen & Toubro and Bajaj Auto earnings surge.
Mayank Mehta
16 Jul, 2009
New York City
Stocks in Japan closed higher after China reported a rebound in the economy and U.S. stocks jumped on Intel earnings. Industrial and commodities related stocks in Tokyo closed higher. Mitsubishi UFJ plans to raise as much as $4 billion.
123jump.com Staff
15 Jul, 2009
New York City
Tech stocks rallied after Intel reported better than expected results and offered optimistic outlook for the economy. Cisco surged nearly 6% after rating upgrade. American Express surged to nine-month high after it lowered its estimate of bad loan charges.
Mukesh Buch
15 Jul, 2009
New York City
European auto sales in June increased on the government incentives but declined 11% in the first half of this year. Germany based MAN acquired 25% stake in China based Sinotruk. The retailer Casio Guichard second quarter sales declined 1.9%.
Trupti Mehta
15 Jul, 2009
New York City
Stocks in London surged after the miners and insurance companies rallied. The sharp gain in copper and other base metals lifted the stocks in resource sectors. Insurance companies gained on takeover rumors. UK unemployment claims increase in June, record high in 12 years.
123jump.com Staff
15 Jul, 2009
New York City
Metals and shipping related stocks in Shanghai surged and banking and financial service sectors closed higher in Hong Kong. China
123jump.com Staff
15 Jul, 2009
New York City
The bank holding company reported net revenues rose 46% to $13.8 billion in the quarter. Net quarterly earnings surged 65% to $3.4 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share increased to $4.93 from $4.58 a year-ago quarter.
Mayank Mehta
15 Jul, 2009
New York City
YUM! Brands fell 7% after it reported earnings. The mutual funds manager Janus declined after its chief resigned and company plans to raise capital. Gannett gained after it returned to profit.
Mayank Mehta
15 Jul, 2009
New York City
Mizuho Financial set the 530 billion yen offering price at 184 yen a share. The Bank of Japan extended by three months its emergency lending program to December and lowered its economic outlook for this year and the next year.
