Mayank Mehta
01 Dec, 2009
New York City
The benchmark index in Mumbai increased 1.6% as the global worries of wider contagion emanating from Dubai receded. Emerging markets and Asian markets gained. Exports in October fell 6.6% and imports declined 15%, but deficit remain close to $9 billion.
123jump.com Staff
01 Dec, 2009
New York City
U.S. stocks, crude oil and gold gained in the early trading in New York. Global markets recover from the last week of losses as the fears of Dubai led contagion recede. Gold surged as much as 1.5% to trade near $1,200 an ounce. Manufacturing in China expands but in UK and Russia falter.
Darlington Musarurwa
30 Nov, 2009
New York City
Australian market indexes look higher after banks recover and Dubai World sought loan restructuring on only less than half the loans. Australian company profits fall 2.1% in the third quarter and new home sales decline 6% in October. New Zealand housing approvals gain 11% in October.
Darlington Musarurwa
30 Nov, 2009
New York City
China government officials encourage consumer to spend more and buy new cars and appliances to exchange the old. China also extended vehicle tax rebate program to 2010. HSBC and Standard Chartered Bank increased as Dubai worries ease.
Darlington Musarurwa
30 Nov, 2009
New York City
Mitsubishi UFJ plans to raise 1.1 trillion yen in share sale. Construction companies linked to Dubai and Middle East reversed their earlier losses to close higher after Dubai financial worries eased.
Mukesh Buch
01 Dec, 2009
New York City
U.S. stocks closed higher and European markets lost early gains. Dubai World sought loan restructuring on only half of the loans of $59 billion. Gold and other metals closed higher. Crude oil rebounded. The second quarter GDP in India grew at 7.9%.
Mayank Mehta
30 Nov, 2009
New York City
Deutsche Boerse refused to increase the bid for the Warsaw Stock Exchange. MAN SE dropped 4% on the worries that illegal payment investigation may cost as much as
Mayank Mehta
30 Nov, 2009
New York City
UK banks led the decliners in trading on Dubai worries. The banks in UK have lent at least 80% loans to Dubai World, controlled by Dubai government. Royal Bank of Scotland, Lloyds Banking and Standard Chartered Bank fell more than 2.5%.
Mayank Mehta
30 Nov, 2009
New York City
U.S. stocks traded sideways. Ratings revisions lifted Abercrombie & Fitch, Deer & Company, Nucor and Supervalu. AIG dropped 7.4% after Sanford C. Bernstein & Co lowered it price target by 40% to $12. CSG Systems increased 8%. Apparel retailers edged lower.
Mayank Mehta
30 Nov, 2009
New York City
India''s economy in the quarter ending in September increased at 7.9% from a year ago. The faster than expected growth lifted stocks and rupee edged higher. Tata Motors swung to a small net profit on higher sales and lower operating costs.
Mukesh Buch
30 Nov, 2009
New York City
Financial markets in Middle East dropped after Dubai government clarified that lenders should restructure loans to Dubai World and not wait for the government assistance. Markets in Dubai and Abu Dhabi fell more than 7%. DP World dropped 15% and Emmar Properties declined 10%.
123jump.com Staff
30 Nov, 2009
New York City
U.S. stocks are expected to open lower after Dubai government says that lenders should work with Dubai World to restructure loans. the benchmark indexes in UAE dropped more than 7%. Talks of regional bailout in the Middle East gain momentum.
123jump.com Staff
27 Nov, 2009
New York City
Stocks in Tokyo closed lower after world markets declined and banks closed lower. The yen strengthened against the dollar and touched to a 14-year intra-day high. Exporters, shippers and trading companies closed lower.
Mayank Mehta
27 Nov, 2009
New York City
Australian stocks declined tracking the world market weakness after Dubai worries unnerved world investors. Leighton Holdings Limited confirmed that certain project payments in Dubai are delayed. Australian dollar traded weak. Gold miners closed lower after precious metals decline.
Mayank Mehta
27 Nov, 2009
New York City
Stocks in Mumbai traded lower on the worries that Indian banks may have exposure to the loans that are in the process of rescheduling in Dubai, UAE. Ranbaxy launches generic version of herpes drug in the U.S. Sun Pharma receives US regulatory approval to sell mental disorder treatment generic drug.
