Mayank Mehta
02 Dec, 2009
New York City
Australian stocks, dollar and commodities gained after Dubai fallout worries receded. Record in gold and rising copper and base metal prices drove Australian dollar near 93 cents. Nufarm Ltd plans to look for alternative deal if Sinochem fails to follow through on its purchase after Dec 23.
Darlington Musarurwa
02 Dec, 2009
New York City
Bank of Japan after the emergency session agreed to provide short term additional liquidity of 1 trillion yen, left rates unrevised at 0.1% and offered no plan to purchase additional debt. Prime Minister Hatoyama met with Bank of Japan governor Masaaki Shirakawa.
Mukesh Buch
02 Dec, 2009
New York City
Beige Book survey indicated varying economic conditions across the U.S. and labor and commercial real estate markets remain weak. Gold surged to a new record. European finance ministers agree on a new financial regulatory framework.
Mayank Mehta
02 Dec, 2009
New York City
European markets closed higher as confidence returns in stocks. BMW Group November U.S. auto sales decreased 7.5%, Volkswagen sales increased 23.6% and Daimler AG sales increased 9.1%. Deutsche Boerse November trading volume fell 21% to
Mayank Mehta
02 Dec, 2009
New York City
A rally in commodities lifted trading sentiment in London stocks. Brewin Dolphin Holdings full-year net profit declines 29%. Numis Corp slips to a full-year net loss. Carillion secures
Mayank Mehta
02 Dec, 2009
New York City
Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 3.0%. Charming Shoppes, Inc third quarter sales fall 17% and comparable same-store sales decreased 13%. GameStop Corp dropped more than 8% after Wal-Mart offers deeper discounts for video games. Walgreen Co decreased 4%.
Mayank Mehta
02 Dec, 2009
New York City
Stocks in India traded lower and global markets edged higher as confidence returns in the emerging markets. Auto sales in November surged from a year ago. Tata Motors, Maruti Suzuki India Ltd and Bajaj Auto gained. India plans to sell stakes in three power companies to raise as much as $3 billion.
Mukesh Buch
02 Dec, 2009
New York City
Financial markets around the world traded higher for the third day in a row as investors expect a regional bailout of Dubai. Dubai is expected to delay payment on Islamic bonds of $3.4 billion and restructure $26 billion of bank debts. Gold surges to a new record.
Darlington Musarurwa
01 Dec, 2009
New York City
Two separate indexes tracking manufacturing activities in China show expansion in November. Markets in Hong Kong and Shanghai increased as global worries of Dubai led contagion ebb. China
Darlington Musarurwa
01 Dec, 2009
New York City
Markets in Japan and Asia rebound for the second day. Bank of Japan calls for unscheduled meeting. Cabinet approves new stimulus economic package totalling $45 billion. Wages in Japan fall 1.7% in October. The yen hovers near its high for the year against the dollar.
Mukesh Buch
01 Dec, 2009
New York City
U.S. stocks closed higher and crude oil and gold gained. Investors around the world shook off the Dubai worries after the prospect of global contagion ebb. Manufacturing in China accelerate, trade deficit in India decline and Australia raises rates for the third time in three months.
123jump.com Staff
01 Dec, 2009
New York City
Reserve Bank of Australia increased rates to 3.75%, its third monthly increase in a row. Manufacturing activities eased in November and housing approvals dropped 0.6% in October which surprised many economists.
Mayank Mehta
01 Dec, 2009
New York City
European markets rebounded after Dubai World initiated debt restructuring talks. Deutsche Bank said its exposure to Dubai is manageable. Alstom S.A. and Schneider Electric SA enter into exclusive talks with AREVA for acquisition of Areva T&D. Vivendi agrees to sell its stake in NBC Universal to GE.
Mayank Mehta
01 Dec, 2009
New York City
UK stocks rebounded for the second day in a row with confidence returning and commodities prices rising. UK banks have the largest exposure in the region. Xstrata Plc agreed to sell its stake in Indophil Resources NL to China based Zijin Mining Group. Green King Plc surged 5% on earnings.
Mayank Mehta
01 Dec, 2009
New York City
General Electric and Vivendi SA agree to a deal involving NBC Universal. AIG surged 7% after it agreed to a swap of debt with preferred shares with the New York Fed. Guess? Inc jumped after it reported better than expected earnings.
