Mukesh Buch
12 Nov, 2009
New York City
Market indexes in New York and Americas declined on weak commodities and energy prices. 3Com surged 31% on a buyout offer from Hewlett Packard. Dow Chemical advanced after it estimated higher than expected earnings.
Mayank Mehta
12 Nov, 2009
New York City
Advanced Micro Devices, Inc led gainers in the S&P 500 index with a rise of 21.8% followed by gains in Dow Chemical 7.1%, in JDS Uniphase of 7.1%, in MetroPCS Communications, Inc of 2.4% and in Nasdaq OMX Group of 2.4%.
Mayank Mehta
12 Nov, 2009
New York City
U.S. indexes traded sideways after comments from world leaders in Asia. Chinese Premier Jiabao observed that world economic recovery will be uneven and slow. U.S. Treasury Secretary Geithner said that early progress is made in solving world economic imbalances.
Darlington Musarurwa
11 Nov, 2009
New York City
Investors in Japan focused on rising yen. Exporters were among the leading decliners. Japan machinery orders rise 6% in September and increased 10.5% after adjusting for volatile orders. The retailer Aeon Company Ltd decreased 5% as it plans to sell $1.1 billion of bonds and repay short term debt.
Darlington Musarurwa
11 Nov, 2009
New York City
Consumer sentiment index in Australia drops 2.5% in November. AMP urges Axa Asia Pacific Holdings to reconsider A$11 billion bid. Australian regulators approve Woolworth takeover of Danks. The Aussie dollar trades near the high of the year.
Mayank Mehta
11 Nov, 2009
New York City
EU extended deadline for fiscal deficit target requirement for France and Spain to 2013 and for the UK and Ireland to 2014. Nine countries were added on the deficit watch list. Banks in Europe closed higher after Credit Agricole reported better than expected earnings.
Mayank Mehta
11 Nov, 2009
New York City
UK stocks closed higher on a rise in commodities prices. J Sainsbury first-half profits beat expectations. Reed CEO departs as recession bites. October jobless claims increased at the slowest pace in eighteen months. The unemployment rate increased to 7.8% in the quarter ending in September.
Mayank Mehta
11 Nov, 2009
New York City
Clearwire Corp plunged 13% after it said to prepare a rights offering $1.5 billion. Macy
Mayank Mehta
11 Nov, 2009
New York City
Stocks in India continued their ascent after the release of exports and tax collection data. Exports in October fell 11.4% and in the seven months declined 26.5%. Indirect tax collection fell 21.6% in the period. Shree Renuka Sugars Ltd acquired Brazil based sugar plantation.
Mukesh Buch
11 Nov, 2009
New York City
U.S. and other American markets closed higher after a rally in commodities and resource stocks. Global markets rally was sparked after economic data in Japan and China indicated robust industrial activities. Gold reached a new high.
123jump.com Staff
25 Nov, 2009
New York City
Japan stocks are expected to open higher tracking the gains in New York. Futures of resource stocks are leading higher after gold closed at a record high. Automakers gained and shippers and real estate developers fell in Wednesday
Mayank Mehta
25 Nov, 2009
New York City
Stocks in Mumbai traded higher. MphasiS Ltd quarterly net rises 34%. Astec LifeSciences IPO closed up 7% from the offer price. Videocon is in discussions to sell 25% stake in its power division. Indian rupee edged higher to 46.29 against a dollar.
Mukesh Buch
25 Nov, 2009
New York City
The central banks around the world are looking to diversify their foreign reserve and increase their holdings of gold and currencies other than the U.S. dollar. Gold rallied to a new high and the Swiss franc traded at parity to the U.S. dollar. Vietnam devalued the dong by 5.2% and raised rates.
Trupti Mehta
11 Nov, 2009
New York City
European banks advanced after better than expected earnings from Credit Agricole SA, ING Groep NV, Intesa Sanpaolo SpA and UniCredit SpA. Switzerland based Holcim Ltd reported better than expected earnings on cost cutting. Sainsbury net in the first half rises 48%. HK Stock Exchange net surges.
Mukesh Buch
11 Nov, 2009
New York City
U.S. stocks are expected to open higher. China retail sales and industrial production increased surged in October. Japan machinery orders rose in September and are expected to show its first quarterly gain in two years. European banks gained after reporting better than expected earnings.
