Mayank Mehta
08 Oct, 2009
New York City
Healthcare insurers declined after the non-partisan Congressional Budget Office said that the Senate Finance Committee
Mayank Mehta
08 Oct, 2009
New York City
Stocks in New York traded higher after Alcoa reported higher than expected earnings. Banks traded higher ahead of earnings next week from JP Morgan and Goldman Sachs next week. Oil, natural gas, copper and silver traded up. Gold reached $1,055.
Mayank Mehta
08 Oct, 2009
New York City
Stocks in India continue to hover near their recent highs ahead of strong earnings expectations. Rupee edged higher as foreign investors increase their exposure to Indian equities. Reliance Industries declared a bonus and 13 rupees per share dividend.
123jump.com Staff
07 Oct, 2009
New York City
Australian stocks surged as commodities and metal prices increased. Australian dollar hovered near its recent highs. Australia asked China based Baosteel to resubmit its application for its 15% stake acquisition of Aquila Resources Ltd. Australia has been delaying several China investments.
123jump.com Staff
07 Oct, 2009
New York City
Banco Santander priced its offering of its Brazilian unit at the mid-range of its filing range. The largest public offering ever in Brazil raised $8.05 billion. The bank plans to open 600 branches and improve its capital ratio.
Mayank Mehta
07 Oct, 2009
New York City
European markets edged lower but stocks in general maintained their upward bias in the region ahead of earnings season. EU revised higher the economic outlook for the next two years and economy shrank 0.2% in the second quarter from the first. Beisheim sells 5.2% stake in discount retailer Metro AG.
Mukesh Buch
07 Oct, 2009
New York City
U.S. stocks closed higher ahead of earnings season. Alcoa after the close reported better than expected third quarter earnings of $77 million or 8 cents a share on sales decline of 34% to $4.62 billion. European Commission revises economic outlook higher in the region.
Mayank Mehta
07 Oct, 2009
New York City
In UK, stocks kept their positive bias for the second day in a row. Retailers fell after J. Sainsbury reported lower than expected comparable same store sales growth. Michael Page, recruitment consultant third quarter profit fell 42%. Chocolate retailer Thorntons quarterly sales increased 2.3%.
Mayank Mehta
07 Oct, 2009
New York City
AirTran Holdings plunged after it filed to sell convertible notes and stocks. Avis Budget Group filed to raise at least $250 million. Home builders edged lower. Costco Wholesale Corp gained on positive outlook. Family Dollar advanced on earnings. Yum! Brands quarterly sales fall 2%, net drops 18.4%.
123jump.com Staff
07 Oct, 2009
New York City
In the early trading in New York, stocks trade lower as commodities rise and dollar hovers near its low. Home builders fall on the worries that first time home buyer tax credit many not be extended. Costco gains on better than expected outlook. Eurozone revises its economic outlook higher.
123jump.com Staff
07 Oct, 2009
New York City
World stocks traded sideways as commodities prices gain for the third day in a row and gold reach a new intra-day high. Silver, gold and copper advance as investors rethink their inflation expectations. Telefonica SA bids 12% higher than Vivendi SA for Brazil second largest mobile carrier.
Mayank Mehta
07 Oct, 2009
New York City
Stocks in India closed lower. Tata Steel and JSW Steel said steel production increased in the quarter ending in September. Record gold price is expected to dampen demand in Diwali season. Latest mobile telecom price was dragged into the second week as Reliance follows Tata-DoCoMo price cut.
Mayank Mehta
06 Oct, 2009
New York City
Reserve Bank in Australia lifted rates surprising most market watchers. The RBI Governor Glenn Stevens focused on the economic acceleration and sharp rise in asset prices. Market interpreted the interest rate move as yet another confirmation of Asian economic recovery.
Mukesh Buch
06 Oct, 2009
New York City
U.S. stocks edged higher as talks of earnings drove investor sentiment. Gold closed at a record high and is in its ninth annual gain in a row since 2001 when it traded near $275. Silver, copper and natural gas advanced too.
Mayank Mehta
06 Oct, 2009
New York City
European markets traded higher following the rise in New York markets. Banks in Germany closed higher with Commerzbank and Deutsche Bank leading the gainers. Bilfinger Berger agreed to acquire Austria based MCE Beteiligungs for
