123jump.com Staff
22 Dec, 2009
New York City
Stocks closed higher after the November existing home sales increased at the fastest pace since February 2007. First time home buyers were 51% of sales and distressed or foreclosure sales 33% of total. Gold and other metals decreased.
Mayank Mehta
22 Dec, 2009
New York City
European markets edged higher on the prospects of improved earnings in 2011 and speedier global markets recovery. A.P. Moeller Maersk agreed to pay $1.3 billion to acquire energy fields in the Gulf of Mexico. Areva T&D division received
Mayank Mehta
22 Dec, 2009
New York City
UK GDP decline in the third quarter was revised to 0.2% from the previous estimate of 0.3% and third quarter unemployment rate increased to 7.8%. Hardy Oil and Gas Plc in partnership with Reliance in India discovered third natural gas field in the Bay of Bengal offshore field.
Mayank Mehta
22 Dec, 2009
New York City
Airlines traded higher on the expectations of strong holiday season. Jabil Circuit, Inc swings to fiscal first quarter profit and led the gainers in the outsourcing sector. Navistar International Corp fourth quarter sales declined 15%. China related travel companies declined.
Mayank Mehta
22 Dec, 2009
New York City
Mumbai stocks increased after resource and telecom stocks advanced. Reliance Industries discovered third gas field in Bay of Bengal field that may be as large as the first field of 10 trillion cubic feet. State controlled oil companies will get cash subsidies rather than bonds from the central government.
123jump.com Staff
22 Dec, 2009
New York City
U.S. stocks futures turned lower after the release of third GDP estimate for the third quarter. Weaker than expected inventories and construction investments and higher than expected deceleration in government spending affected the GDP estimate.
Darlington Musarurwa
18 Dec, 2009
New York City
Chinese government targets cities to curb property speculation and People
Darlington Musarurwa
18 Dec, 2009
New York City
Bank of Japan left its key lending rate at 0.1% and said that it will not tolerate deflation. Banks in Tokyo trading declined after the Basel committee of international regulators recommended higher capital and larger liquidity at banks. Japan steel production rises 0.5% to 8.9 million metric tons.
Mayank Mehta
18 Dec, 2009
New York City
Interstate Hotels & Resorts surges 73% after it agrees to be acquired by a joint venture that has a stake from China based hotel group. Nike, Inc second quarter net income drops 4% but still beats estimates. Palm drops after reporting wider loss than analysts predicted.
Mayank Mehta
18 Dec, 2009
New York City
Stocks in Mumbai traded lower after banks declined on comments from international regulator based in Basel, Switzerland. Nitesh Estate Ltd plans a $100 million offering to build a Ritz Carlton brand hotel in Bangalore. Tata Motors Group vehicle sales surged 62% in November.
123jump.com Staff
18 Dec, 2009
New York City
U.S. stocks advanced in the early trading as the dollar trades near its recent peak against the euro. The European Central Bank revised its bank loan losses by 13% as commercial property market conditions remain weak.
123jump.com Staff
17 Dec, 2009
New York City
The Senate Finance Committee voted 16-to-7 in favor Chairman Bernanke for a second term. The growing dissent in the committee and among many Senators is not likely to stop his nomination. Lawmakers are increasingly questioning his costly initiatives in tackling the financial crisis.
Darlington Musarurwa
17 Dec, 2009
New York City
Fuji Electric Holdings Co., Ltd led the decliners in the index with a loss of 3%. Mitsubishi UFJ Financial announces additional newly issued stocks. Banks declined ahead of the Basel regulators statement. American Airlines may increase its $1.1 billion offer for JAL to keep it in One World Alliance.
Mukesh Buch
17 Dec, 2009
New York City
Risk appetite was on the decline in the Americas, Europe and Asia. Leading indexes in New York, Canada, Brazil, Europe and Asia declined. Investors worried that unemployment claims in the U.S. are still high and smaller nations in Europe may struggle to trim deficit.
Darlington Musarurwa
17 Dec, 2009
New York City
National Australia Bank higher bid with cash was accepted by independent directors at AXA Asia Pacific Holdings for A$13.3 billion. The deal trumps the joint bid from AXA SA and AMP. Rio Tinto to sell iron ore to India.
