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Australian Job Ads Rise; Mortgage Worries

Darlington Musarurwa
11 Jan, 2010
New York City

Australian stocks edged higher ahead of earnings season this week. A rise of 0.7% in oil and 0.5% in gold lifted resource linked stocks. Job ads in December increased in newspapers and on the Internet. Australia

Reliance Lifts Lyondell Bid to $13.5 B

Mayank Mehta
11 Jan, 2010
New York City

Stocks in Mumbai traded lower after Reliance agreed to lift its offer for LyondellBasell to $13.5 billion from $12 billion and raised $763 million through the sale of treasury stocks. Rupee edged higher after as foreign investors increase exposure to Indian stocks. Dhampur Sugar Mills net triples.

European Indexes Flat; Telefonica Falls

Mayank Mehta
11 Jan, 2010
New York City

2009 worldwide auto sales at Volkswagen decreased 1.1% and at BMW fell 10%. Spain based Telefonica SA declined 3% after Venezuela devalued its currency by 50% and is looking to repatriate $2 billion from Venezuela. Heineken NV gained 3.3% after it agreed to acquire beer unit of Femsa SAB.

UK Stocks Up; Manchester United

Mayank Mehta
11 Jan, 2010
New York City

UK stocks traded sideways but resource sector stocks gained. UK financial services executives indicate weak sentiment for the industry. Manchester United files to raise

McMoran, Pacific Ethanol Soar; Femsa Falls

Mayank Mehta
11 Jan, 2010
New York City

MercadoLibre, the online e-commerce site operator plunged 9%. Pacific Ethanol surged 60% on the expectations of higher sales. McMoran Exploration soared after it discovered energy prospects in the Gulf of Mexico.

Heineken Acquires Femsa Beer Unit for $7.7 B

123jump.com Staff
11 Jan, 2010
New York City

Heineken agreed to acquire the beer business of Mexico based Femsa SAB in a deal that values its Mexican business and exports operations at $7.7 billion or

U.S. Stocks Sideways; Gold, Copper Up

123jump.com Staff
11 Jan, 2010
New York City

U.S. stocks traded sideways after commodities prices rose and the dollar declined. Alcoa gained nearly 6% on the expectations of quarterly profit report after the close. Gold and copper gained sharply.

World Stocks Rise on China Exports, Auto Sales

123jump.com Staff
11 Jan, 2010
New York City

Heineken NV agreed to acquire beer division of Femsa SAB of Mexico for 5.3 billion euros. Commodities prices and Asian stocks traded higher after China reported 18% rise in December exports. China surpassed Germany to be the largest exporter and the U.S. to be the largest automaker.

U.S. Worries Long Term Jobless Rate; Stocks Flat

123jump.com Staff
08 Jan, 2010
New York City

U.S. lost additional 85,000 jobs in December with unemployment rate of 10%. Labor participation rate declined to the lowest level since 1985 and nearly 930,000 people have stopped looking for work. U.S. stocks bounced near the flat line. Northern hemisphere is bracing for inclement weather.

Whampao Bids for Hutchison Telecom

Mayank Mehta
08 Jan, 2010
New York City

Stocks in China stayed near their recent highs as the nation battles sever cold in the northern region. China approved new investment tools that allow investors to bet on the falling markets. Hutchison Whampao offered HK$2.20 a share for Hutchison Telecom.

Exporters, Automakers in Tokyo Gain on Lower Yen

Darlington Musarurwa
08 Jan, 2010
New York City

Finance minister comments supporting lower yen lifted stocks of exporters and auto makers. Japan foreign reserve assets falls to $1 trillion. Japanese government is likely to restructure JAL through a court-backed bankruptcy. Toyota Prius sales topped industry sales in 2009.

Auto Sales in India Surge 18%; FDI Up

Mayank Mehta
08 Jan, 2010
New York City

Stocks in India closed lower but appear to charge ahead as the earnings season next week. International investors increase their net exposure to Indian stocks to record $74 billion. 2009 auto sales increased 18.7% to 1.43 million and truck sales more than doubled in December.

EU Unemployment at 10%; German Exports Rise

Mayank Mehta
08 Jan, 2010
New York City

European markets closed higher after Germany reported better than expected increase in exports. Unemployment in the region increased to 10%. The second read of the euro area GDP was unrevised at 0.4%. Airlines and airport operators increased after global traffic expanded in November.

UK Inflation Worries; Mitchells & Butlers Rises

123jump.com Staff
08 Jan, 2010
New York City

UK producer price surge fuels inflation fears. The pound was nearly unchanged after the report. Ted Baker sales surge. Mitchells & Butlers remains cautious. Aberdeen Asset Management agrees to acquire a unit of RBS for

UPS, Chipotle Rise; Apollo, MetroPCS Fall

Mayank Mehta
08 Jan, 2010
New York City

UPS plans to cut 1,800 jobs and revised its fourth quarter outlook higher. Apollo Group declined after an investigation by Department of Education raised issues. MetroPCS declined as investors fear declining margins. Chipotle Mexican Grill surges 7%.

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