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Lowered GDP Estimate; Stocks Decline

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.

China Property Market, Bank Worries Drag Indexes

Darlington Musarurwa
18 Dec, 2009
New York City

Chinese government targets cities to curb property speculation and People

BoJ Keeps Rate at 0.1%; Banks Trade Lower

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.

RiM, Interstate Hotels Rise; Carnival, Palm Fall

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.

Banks Lead Decliners in India; Tata Motor Up

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.

U.S. Stocks Gain; ECB Raise Loan Loss Estimate

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.

Committee Votes for Bernanke Second Term

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.

Tokyo Stocks Waver on Bank Caiptal Worries

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.

World Markets Decline More than 1%; Bank Worries

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.

AXA Asia Pacific Prefers NAB A$13.3 Billion Bid

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.

Exchages in India Delay New Hours; HCC Gains

Mayank Mehta
17 Dec, 2009
New York City

Mumbai benchmark indexes trade volatile as banks decline and software exporters rise. Rupee edged lower. Exchanges delay their earlier opening hours as brokers and support staff protest. HCC and Pratibha Industries secure large construction orders.

European Market Indexes Drop on Weak Banks

Mayank Mehta
17 Dec, 2009
New York City

European banks declined after Basel based committee recommended higher capital requirements and tougher bonus and dividend standards at banks. Greek banks fell for the fourth day in a row. Deutsche Bank AG is in talks to buy commodities trading unit from Royal Bank of Scotland.

Banks Fall on Basel Remaks; BA Strike Invalid

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.

Techs Lead U.S. Gainers; Weak World Markets

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.

Telstra Oulook Flat; Westpac A$2 B RMBS Bonds

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.

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