123jump.com Staff
22 Feb, 2008
New York City
Asian stocks fell sharply as U.S. recession evidence mounted. Asian markets fearful of slump in exports from the region, decline in foreign direct investment from the U.S., and rising inflation. A sharp and sustained rise in energy and commodities prices such as copper, zinc, aluminum, and steel has put investors on the defensive. India, Japan, and Hong Kong led the decliners in the region.
123jump.com Staff
22 Feb, 2008
New York City
KDDI plan to sell free domestic calls between familiy members sparked a telecom wars that may lower prices immediately for the most carriers. The paln will allow registered members to talk free any hour may lower revenue of KDDI by 25 billion yen. Softbank and NTT DoCoMo fell after the new rate plan. Steel companies raised sheep prices by 31% lifting steel stocks but stoked fears of rising inflation. U.S. market remained volatile as investors worried that the U.S. may be in recession.
123jump.com Staff
21 Feb, 2008
New York City
BASF, German chemical company reported first quarter flat revenue of 14.7 billion and earnings rise of 8% to 793 million euros. Continental AG reported full year profit rose 3.9% to 1.02 billion euros on revenue gain of 7.2% to 15.9 billion euros. Not counting the recent purchase of VOD, the car parts maker, the sales rose 5.5%. Societe Generale reported record fourth quarter loss of 3.35 billion euros on write-downs and trading losses.
123jump.com Staff
21 Feb, 2008
New York City
U.S. stocks lost gains at the opening after Cisco was upgraded and Research in Motion lifted its sales estiates of wireless devices. Gloomier than expected decline in the manufacturing survey from Philadephia Fed dragged market averages lower. The selling intensified in the last thirty minutes of trading. Sun Trust fell 5% after S&P lowered its credit outlook. Starbucks, Walgreen, UBS, Citigroup, and General
Electric closed at multi-year low.
123jump.com Staff
21 Feb, 2008
New York City
Gold surged as the inflation worries mounted. Gold reached a new high as it hovered near $950 per ounce in New York Trading. Stocks fell in the afternoon trading after the release of regional report from the Philadephia Federal Reserve. The factory index, a measure of regional manuafacturing activities showed a sharper than expected drop in activities. Crude oil declined after the weekly inventories report showed a rise in inventories at the end of last week.
123jump.com Staff
21 Feb, 2008
New York City
Stocks in London gained on increased activity in the mining industry and on strong earnings from Reeds Elsevier. In London trading FTSE 100 rose 0.65% or 38.6 to 5,932.20. Of the 102 stocks in FTSE 100 index, 64 gained and 38 declined. Reed Elsevier led advancers in the FTSE 100 index stocks with a rise of 7.45% after the company reported today that net income rose to
123jump.com Staff
21 Feb, 2008
New York City
Software services exporters led the gainers in the trading. Satyam surged nerly 9% and led the gainers in the Sensex index. Infosys rose 5%, TCS increased 4.6%, and Wipro added 6%. Sensex fell in the morning hours but rebounded in the afternoon trading on the strength in the European markets and sustained interest in the new issue offering of Rural Electrification Corporation. HDFC Infrastructure sold its rights for development in Mumbai for 900 crore rupees.
123jump.com Staff
21 Feb, 2008
New York City
U.S. stocks opened higher on revised sales forecast from Research in Motion and a recommendation to buy Cisco from Citigroup. Tech heavy Nasdaq rose as high as 0.7% after Cisco added 2% and RiM soared 7%. Citigroup also downgraded Target to Sell on weak credit card balance conditions and worries related to economic downturn. Initial claims of unemployment at the end of the last week fell 9,000.
123jump.com Staff
21 Feb, 2008
New York City
Hong Kong stock indexes reversed 1.8% % gain in the morning session to close marginally up as commodity and energy stocks continue to rise on the back of metals and crude oil gains. PetroChina Co Ltd jumped 1.4% to HK$11.86 and CNOOC Ltd increased 1.6% to HK$12.98. Aluminum Corp of China gained 5.4% to HK$14.94 and Jiangxi Copper edged up 6.3% to HK$18.26. Cathay Pacific Airways declined 2.2% to HK$16.18 and China Eastern Airlines fell 1.9% to HK$5.31 on rising oil prices.
123jump.com Staff
21 Feb, 2008
New York City
January trade deficit in Japan rose to 79.3 billion yen from 3.5 billion yen in January 2007. Rising crude oil prices lifted oil import by 41% and overall imports by 9%. The seasonality in the Japan business cycles and holidays often leads a deficit in January month in international trade. While trade surplus with the U.S. declined 4.8%, trade deficit with China declined 5.8% from a year ago.
Mayank Mehta
21 Dec, 2009
New York City
European market indexes edged higher as the prospect of economic recovery looks brighter in the region. Estimates of economic growth were revised higher by the European Commission and a trade group in the UK. Safran SA gained on $5 billion orders from China.
Mayank Mehta
21 Dec, 2009
New York City
UK stocks edged higher after the Confederation of British Industries revised higher its economic and interest rate outlook. Commodities, metals and energy prices inched higher. LSE will merge its dark pool trading platform with Turquoise and take a 60% stake.
Mayank Mehta
21 Dec, 2009
New York City
Stocks in New York traded higher as the U.S. Senate nears a historic healthcare system overhaul. Healthcare insurers led the gainers. Three separate deals worth $4 billion drove stocks higher. TreeHouse, Bucyrus International and Chattem surged on merger deals.
Darlington Musarurwa
21 Dec, 2009
New York City
Australian stocks edged lower but commodities closed higher. Lend Lease plans to spend A$6 billion to develop Barangaroo financial precinct in Sydney. Qantas Airways profit before tax in the current fiscal half year may fall between A$50 million and A$150 million.
Darlington Musarurwa
21 Dec, 2009
New York City
Chinese government is targeting at least 8% economic growth in 2010 and industrial production increase of 11% matching the rates in 2009. Rising domestic spending, government stimulus and increased bank loans are driving the economic expansion.
