Mayank Mehta
17 Dec, 2009
New York City
The UK banks declined after Basel, Switzerland based supervisory committee recommended banks to cut bonuses and dividend and improve the quality of capital on the books. UK retail sales declined 0.3% in November but gained 3.1% from a year ago. Court rules BA strike invalid.
123jump.com Staff
18 Dec, 2009
New York City
U.S. stocks closed higher after Research in Motion and Oracle reported better than expected earnings. Banks closed lower on the worries that commercial real estate sector weakness will drag earnings. Unemployment rate decreased in 36 U.S. states but Florida and South Carolina registered record rates.
Darlington Musarurwa
18 Dec, 2009
New York City
Telstra sales revenue to be flat in fiscal 2010 and the telecom operator formalises terms with NBN. Westpac Bank priced A$2 billion of residential mortgage bonds, significantly higher than A$1 billion of expected offering.
Mayank Mehta
18 Dec, 2009
New York City
European indexes fell on the worries that higher loan losses linked to the commercial real estate will hurt banks. German business confidence index increased. Iliad SA was the fourth company to receive mobile telecom service license in France. CMA CGM SA founding chief executive agreed to resigned.
Mayank Mehta
18 Dec, 2009
New York City
The UK budget deficit surged 33% to
Mayank Mehta
18 Dec, 2009
New York City
UK stocks closed lower after banks declined on the worries that conditions in commercial property market may deteriorate more. UK budget deficit in November soars 33% to
123jump.com Staff
17 Dec, 2009
New York City
Citigroup Inc led the decliners in the S&P 500 index with a loss of 7.2% after it completed the largest public offering of $20.5 billion. The offering of 5.4 billion shares at $3.15 each was below the U.S. Treasury purchase price of $3.25 a share. Conseco declined after it completed $214 million offering.
123jump.com Staff
17 Dec, 2009
New York City
Stocks in New York declined and the dollar advanced. S&P lowered its rating on Greek bonds and investors sought the safety of the dollar and German and Swiss bonds. Unemployment claims increased 7,000 in the previous week and nearly 90% of claimants are on the extended jobless benefits.
Darlington Musarurwa
16 Dec, 2009
New York City
China plans to cap thermal power price hikes. Three initial public offerings were priced on different exchanges in China. China Shipbuilding gained 12% but Henan Huaying surged 80% and Hainan Strait Shipping soared 45%. Foreign direct investment in China increased 32% in November to $7 billion, but fell 10% in the year.
123jump.com Staff
16 Dec, 2009
New York City
Banks in Japan surged after regulators hinted that the capital adequacy required under Basel convention will be delayed for a decade. Japan
Darlington Musarurwa
16 Dec, 2009
New York City
Australian economy expanded 0.2% in third quarter ending in September after expanding at 0.6% in the second quarter. The economy was expanded 0.5% from a year ago. The Australian competition regulators oppose Breville acquisition.
123jump.com Staff
16 Dec, 2009
New York City
Federeal Reserve left its overnight lending rate range unchanged and signaled that the economy is improving and continued its stance of low rates for an extended period of time. Metals and commodities gained in trading. Credit Suisse agreed to a $536 million fine.
Mayank Mehta
16 Dec, 2009
New York City
Banks in Europe gained on the hopes that European regulators will delay the implementation of capital requirement rules. Greece plans to trim its fiscal deficit to 8.7% in the next year and S&P lowered its rating on the Greek sovereign debt. Credit Suisse agreed to $536 million fine from the U.S. and New York regulators.
Mayank Mehta
16 Dec, 2009
New York City
British Air and its cabin crew union meet to avoid a strike during the holiday period. UK unemployment rate for the quarter ending in October was unchanged at 7.9% with 2.49 million unemployed. Banks and miners led the gainers in London trading.
Mayank Mehta
16 Dec, 2009
New York City
Nvidia Corporation led gainers in the S&P 500 index after the Federal Trade Commission sued Intel for monopolistic behavior. Adobe Systems reported a loss in the fourth quarter. Citigroup is set to price its $22 billion public offering and was sued by Abu Dhabi.
