123jump.com Staff
09 Dec, 2009
New York City
Stocks in India traded lower but software services providers reached a new annual high. Standard Chartered Bank offered $1 billion of credit line to Essar Oil to fund its refinery purchase Europe. Godrej Properties initial offering is oversubscribed on the first day.
123jump.com Staff
09 Dec, 2009
New York City
U.S. stocks trade lower on the emerging market worries and growing fears that Dubai contagion may spread to Greece, Spain, Ireland and other emerging markets. S&P lowered Spain sovereign debt rating by one notch. Crude oil and gold declined.
123jump.com Staff
08 Dec, 2009
New York City
U.S. stocks, gold and crude oil declined as banks in Europe edged lower and industrial and financials declined in New York. Dubai worries dragged banks in London. Gold and crude oil fell after the dollar maintained its advance against currencies.
Darlington Musarurwa
08 Dec, 2009
New York City
Australia
Darlington Musarurwa
08 Dec, 2009
New York City
Japan to unveil 7.2 trillion yen or $81 billion additional stimulus that will offer a mix tax rebate, increased loans to small businesses and support to the struggling job market. Bankruptcies fall 11.4% in November in Japan. Current account surplus in October increased 43%.
Mayank Mehta
08 Dec, 2009
New York City
The Indian government plans to increase its spending by $5 billion to support food, fertilizer and energy prices. Auto sales in November surged 61% as small cars drive sales. Bus, truck and motor cycle sales also gained. JSW Energy initial public offering was oversubscribed on the second day.
Mayank Mehta
08 Dec, 2009
New York City
German seasonally adjusted industrial production decreased 1.8% in October from September. Production declined 12.4% from a year ago. BMW and Volkswagen sales increased in November. Greek stocks and bonds decline.
Mayank Mehta
08 Dec, 2009
New York City
Dubai worries dominated trading in London. The UK benchmark index declined after commodities and banks closed lower. Royal Bank of Scotland and Standard Chartered led the decliners in the sector. Tesco same store sales increased 2.8% in the third quarter.
Mayank Mehta
08 Dec, 2009
New York City
The grocery retailer Kroger declined after it reported weaker than expected quarterly results. Toro Company, Imperial Sugar Co and H&R Block declined after reporting quarterly losses. RELM Wireless surges after it was selected as a radio equipment contractor by federal agencies.
123jump.com Staff
08 Dec, 2009
New York City
U.S. stocks and gold declined as the dollar edged higher. European and the Middle East markets fell. Banks in Europe and UK traded lower. Dubai and Saudi Markets dropped for the sixth day as investor fear rising losses at Dubai World and acrimonious discussion with bondholders.
123jump.com Staff
08 Dec, 2009
New York City
Dubai World debt negotiations may be acrimonious as bond holders demand control of assets and threaten legal action in Europe and the U.S. The sukuk issued by Nakheel dropped in London trading as investors fear mounting losses may erode asset values.
123jump.com Staff
08 Dec, 2009
New York City
Greek stocks and bonds decline as rating agencies clamor for a possible downgrade and investors fear deteriorating government financials. Though investors demand higher yield on bonds, Greece is not alone when it comes lack of fiscal discipline in Europe.
123jump.com Staff
07 Dec, 2009
New York City
Home builders and property developers gained on the expectations that China will maintain loose monetary policy. Stocks were mixed in the region. Nine companies open their initial public offering subscription in Shanghai this week. However, the Rusal IPO may be delayed till the next year.
Darlington Musarurwa
07 Dec, 2009
New York City
Australian job ads jumped 5.2% in November but still 34% lower from a year ago. New Zealand home prices rise 1% in November. The Australian dollar edged lower but closed at 91.25 U.S. cents. Weak commodities prices dragged stocks lower. BHP and Rio Tinto agree on iro ore production venture.
Mukesh Buch
07 Dec, 2009
New York City
U.S. socks wavered after Fed Chairman Bernanke comments suggested uneven and slow economic recovery. Gold and crude oil futures declined. FedEx lifted its latest quarter results to $1.10 a share from the previous estimate between 65 cents and 95 cents a share.
