123jump.com Staff
28 Feb, 2008
New York City
January factory index fell 2% from December but for the year the index rose 2.5%. The decline in manuafacturing prompted worries of economic slowdwn. Nikkei 225 index declined 0.75% or 105.79 to 13,925.51. Aeon Corp reported its net income for the year of 44 billion yen, lower than its estimate of 60 billion yen.
123jump.com Staff
28 Feb, 2008
New York City
Real gross domestic product in the fourth quarter increased at annual rate of 0.6% in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9%. Real GDP rose at 2.2% in 2007 sharply lower than 2.9% in 2006.
123jump.com Staff
27 Feb, 2008
New York City
Australia''s biggest retailer, Woolworths Ltd posted first-half net income rise of 28% to $891.3 million in the six months ended Dec. 30 on the back of an 8.6% growth in sales, growth in sales declined from 15.9% in fiscal 2007. Westfield, largest mall operator reported 2007 earnings rose 11.6% on steady rise in retail sales at its locations. NAB hinted that it is pursuing acquisition in the Northwest region of the U.S.
123jump.com Staff
27 Feb, 2008
New York City
Largest mortgage lender in the UK, HBOS, reported 2007 profit edged higher but failed to meet expectations. For the year 2007, the bank reported impairment losses on loans and advances of
123jump.com Staff
27 Feb, 2008
New York City
European Union levied a fine of
123jump.com Staff
27 Feb, 2008
New York City
U.S. dollar reached a record low against euro after the comments from the Fed Chairman Bernanke. Investors now believe that the Fed is more likely to lower rates in the coming weeks. The dollar fell on the news and base and precious metals rose. Oil fell but traded at elevated levels. In earnings news, Autodesk reported 20% rise in sales and flat earnings on sharply lower margins as woes of construction industry hurt higher margin software sales. Dollar traded at record low to $1.5134 per euro.
123jump.com Staff
27 Feb, 2008
New York City
Financial Secretary of the Hong Kong Special Administrative Region John Tsang told the Legislative Council today that budget surplus for the fiscal 2007-2008 will jump to a record HK$115.6 billion, which is about 7.2% of Hong Kong
123jump.com Staff
27 Feb, 2008
New York City
U.S. stocks edged higher as the Fed Chairman gave his assessment to U.S. lawmakers. The comments appear to support growth and less concerned about inflation and support for the currency. Dollar traded at another low against the Euro as investors worried that the Fed will lower rates in the coming weeks. Nortel plans to reduce 2,100 staff and relocated 1,000 jobs to lower cost regions. Nortel fell 10% after reporting larger than expected loss.
123jump.com Staff
27 Feb, 2008
New York City
Tokyo stocks gained for the third day in a row, nearly 5% gain, on the back of improving sentiment in the international markets. Tech stocks in Japan closed higher on the $15 billion stock buyback from IBM. Commodities, metals, and crude oil closed near record level on falling dollar. Crude oil reached $101.35 a barrel and the U.S. dollar fel to a record low against euro. Gold closed at a new high and silver added 3.5%.
123jump.com Staff
26 Feb, 2008
New York City
ASX 200 index rose 1.1% or 61.7 to close at 5,621.60. Zinifex Limited and Allegiance Mining NL today jointly announced a revised takeover offer for Allegiance, priced at $1.10 cash per share. Zinifex delivered a record half-year profit of $1,309.7 million for the period ended 31 December 2007, 74% increase from a year ago on the sale of smelting assets. BlueScope Steel share gained 6.3% after the company hinted that profit in the current half is likely to rise on higher steel prices.
123jump.com Staff
26 Feb, 2008
New York City
UK stocks rallied after financial stocks recovered. Standard Chartered rose after reporting second half net income increased 23% to
123jump.com Staff
26 Feb, 2008
New York City
Lufthansa AG reported 2007 sales rise of 13% to 22.4 billion euros and operating profit increase of 63% to 1.4 billion euros. For the year number of passengers increased 5.6% to 56.4 million and at Lufthansa and at Swiss International increased 18% to 63 million. Suez in France 2007 profit increased 8.6% to 3.9 billion euros on higher electricity prices. Areva second half profit rose 11% to 448 million euros on higher uranium prices.
123jump.com Staff
26 Feb, 2008
New York City
U.S. stocks closed higher after IBM authorized $15 billion stock buyback and talks of Abu Dhabi controlled fund investing in Lennar. Investors also faced difficult news including rising wholesale inflation, falling consumer confidence, and sharp rise in foreclosure in January. Home price index showed a sharp decline in prices in the top 20 metro areas. Prices in eight cities fell in double digits. Macy''''s Target, Nordstrom, and AutoZone rose but Home Depot fell after the release of earnings.
123jump.com Staff
26 Feb, 2008
New York City
Railway Minister Lalu Prasad presented a budget to parliament that showed rising revenue, improving operation efficiency, and strong financial surplus. The general strength in the economy helped the minster to lower petrol and diesel freight duty and project rising capital expenditure in the next fiscal year. Steel and other metal stocks rallied on the higher outlays from the budget. Railway ministry expect the surplus fund at the end of the current fiscal year to be near 21,000 crore rupees.
123jump.com Staff
26 Feb, 2008
New York City
U.S. stocks edged higher in a cautious trading as investors digested several economic news and earnings. Home prices index measuring home prices in top 20 metropolitan areas registered a sharp fall of 9% across the nation. The sharpest decline in years suggested that housing market reovery may take longer than anticipated. Consumer confidence fell in February and a measure of wholesale price index rose more than expected in January. Earnings from Home Depot missed analysts projections.
