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India Stocks Rebound; DB Corp IPO

Mayank Mehta
16 Dec, 2009
New York City

Mumbai stocks edged higher after DB Corp IPO was oversubscribed nearly 40 times. National Stock Exchange will begin trading at 900 am from December 18. More and more Indian companies are looking to operate outside India. Bharti Airtel is looking to acquire a majority stake in a mobile carrier in Bangladesh.

CPI Rises 0.4%; Rate Decision

123jump.com Staff
16 Dec, 2009
New York City

U.S. stocks are expected to follow the rise in European and the Asian markets as the market awaits the Fed statement and rate decision this afternoon. The CPI in November increased 0.4% after rising at 0.3% in October and the inflation in the Euro zone was 0.5%. UK unemployment was stable at 7.9%.

Australian Stocks Up; Fonterra in Saudi Deal

Mayank Mehta
15 Dec, 2009
New York City

Stocks in Australia are expected to edge higher. The Australian dollar edged up against the euro but hovers near its recent high against the dollar. The index of leading economic indicators suggests a steady recovery. Fonterra agreed to acquire 51% stake from its partner in a Saudi Arabian venture.

UK Inflation 1.9%; BA Strike Prompts Seat Rush

Mayank Mehta
15 Dec, 2009
New York City

UK inflation in November was 1.9%, just under the Bank of England target of 2%. Home prices in October decreased 2.2%. British Airways strike prompted a scramble to add new seats at Virgin and EasyJet. Whitbread makes

German Confidence Index Down; Markets Weak

123jump.com Staff
15 Dec, 2009
New York City

German investor confidence declined in December, its third monthly decrease in a row. Deutsche Bank estimated record profit in 2011. BNP Paribas completed the sales of $1 billion senior notes. Tui AG full year sales fell 14%.

U.S. Inflation, Euro Weakness; Stocks Waver

Mukesh Buch
15 Dec, 2009
New York City

U.S. stocks and bonds edged lower and the dollar gained on the worries that the inflation is on the rise. The measure of wholesale inflation PPI increased 1.8% and capacity utilization increased but remained well below the norm.

Best Buy, FactSet Drop; Starlim, JA Solar Surge

Mayank Mehta
15 Dec, 2009
New York City

Best Buy dropped 7% after quarterly results. FactSet Research Systems dropped as much as 10% after it estimated earnings that missed analysts

U.S. Stocks Trade Sideways; Dollar Gains

123jump.com Staff
15 Dec, 2009
New York City

Stocks traded sideways in the morning after the release of industrial production and PPI inflation data. The Producer Price Index increased 1.8% in November and total output in the month increased 0.8%. The dollar gains against the euro on the worries that the inflation is gaining a hold.

Stocks in India Decline; NTPC Stake Sale

123jump.com Staff
15 Dec, 2009
New York City

Stocks in India declined on the worries that the government is facing a challenge to control food price inflation. GMR is in talks with Singapore based Temasek to raise $150 million for its power project. India hopes to collect $5 billion from its stake sale in NTPC.

China Worries Home Price Bubble; Developers Fall

Darlington Musarurwa
15 Dec, 2009
New York City

Property developers in China and Hong Kong declined after the regulators and government announce more measures to control the asset bubble in the sector. China plans to offer more low cost housing and control access to the lenders.

Baltic Freight Rate Index; Sixth Daily Drop

123jump.com Staff
15 Dec, 2009
New York City

The Baltic Freight Rate Index continues to decline as the futures of crude oil price weaken further in London trading. The index has been on the decline from its latest peak in late November but still up five times from its low near 800 at the beginning of the year.

Cabinet in Japan Approves Budget; Shippers Fall

Darlington Musarurwa
15 Dec, 2009
New York City

The Cabinet Office in Japan approved the second budget of $80 billion and to provide access to additional financing to small businesses. The latest survey of businesses suggests more companies are lowering wages in Japan. Shipping lines and resource stocks led the decliners in Tokyo trading.

China Stocks Rise; ICBC Acquires 10% in HKME

Darlington Musarurwa
14 Dec, 2009
New York City

Hong Kong index of industrial production falls 8.6% in the third quarter. Hong Kong and Chinese stocks rise after markets in Asia and Australia gain on the Abu Dhabi bailout of Dubai World. ICBC acquired 10% stake in Hong Kong Mercantile Exchange.

Tokyo Indexes Fall; Weak Banks, Business Climate

Darlington Musarurwa
14 Dec, 2009
New York City

New condo for sales in Tokyo increased 10.8% in November. Japan

Revised Offer for AXA Asia; Sydney Stocks Up

Darlington Musarurwa
14 Dec, 2009
New York City

AXA Asia Pacific Holdings receives a sweetened A$12.9 billion offer from AMP and AXA. Woodside plans to raise A$2.5 billion in a rights offering. Westpac launches A$1 billion residential mortgage securities offer, the first bond offering in two years.

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