123jump.com Staff
04 Nov, 2009
New York City
Stocks in Mumbai trading closed sharply higher after Finance Minister Mukherjee reiterated that economic stimulus will not be withdrawn. Jaiprakash Associates surged more than 9%. Tata Consultancy and Satyam Computer Services gained on the win of outsourcing contracts in Europe.
123jump.com Staff
04 Nov, 2009
New York City
Global stocks traded higher as commodities resume their advances. Gold traded at a record high and crude oil increased. U.S. stocks futures are pointing higher opening. The dollar declined in international trading ahead of the rate decision from the Fed today.
123jump.com Staff
03 Nov, 2009
New York City
Stocks in Hong Kong and Shanghai are expected to trade higher at the opening after the surge in gold prices and merger deals of $48 billion. Property stocks in Hong Kong declined. China Merchants Securities was approved for its initial public offering in Shanghai.
Mayank Mehta
03 Nov, 2009
New York City
Stocks in Mumbai fell sharply after Reliance Communications and Hindalco Industries reported weak earnings. India purchased 200 tons of gold from the IMF at $6.7 billion. The gold holding is still only 5% of its foreign reserves that total $285.5 billion.
Mukesh Buch
03 Nov, 2009
New York City
U.S. stocks gained after two large deals supported trading in stocks. Railroad and industrial stocks closed higher after Burlington and Black & Decker agreed to be acquired. Gold surged to a record after the Reserve Bank of India acquired 200 tons from the IMF.
123jump.com Staff
03 Nov, 2009
New York City
Banks were under pressure in the European trading after UBS reported its quarterly loss in a row and UK offered its second bailout to Royal Bank of Scotland and Lloyds Banking Group under tighter conditions. Banks France, Germany, UK and Spain fell. BMW declined after quarterly net plunged 74%.
Mayank Mehta
03 Nov, 2009
New York City
Banks in London traded lower after Royal Bank of Scotland and Lloyds Banking Group agreed to tighter bailout conditions in exchange of
Mayank Mehta
03 Nov, 2009
New York City
Burlington Northern Santa Fe Corporation led gainers in the S&P 500 index with a rise of 28.4%. Black & Decker surges 25% after it agrees to be acquired by Stanley Works. Banks declined after UBS reported wider than expected loss. Cognizant Technology Solutions Corp guides higher earnings.
Mayank Mehta
03 Nov, 2009
New York City
U.S. stocks wavered as banks declined after Switzerland based UBS reported wider quarterly loss. Berkshire Hathaway agreed to acquire Burlington Northern Santa Fe at 31% premium. Royal Bank of Scotland plans to sell assets to meet bailout conditions. Gold surges.
123jump.com Staff
03 Nov, 2009
New York City
Burlington Northern Santa Fe agreed to be acquired by Warren Buffett controlled Berkshire Hathaway that values the railroad operator at $44 billion. Berkshire will pay $100 a share in cash and stock, 31% premium. The deal appears to take into account higher oil prices.
123jump.com Staff
03 Nov, 2009
New York City
Australia increased its key lending rate second time by 25 basis points in as many months as the Reserve Bank focuses its attention on inflation. Treasurer Wayne Swan comments suggested that rates may rise again next year.
Mayank Mehta
02 Nov, 2009
New York City
Stocks in Tokyo are looking up. Consumer lenders are expected to trade higher on the second day after media reports suggested that the government may not tighten consumer lending rules. Daiwa Securities dropped on weaker than expected earnings.
123jump.com Staff
02 Nov, 2009
New York City
U.S. stocks closed higher on a rise in manufacturing index. Ford Motor swung to a quarterly profit. Gold and oil gained. Dean Foods dropped 8.5% after it indicated weaker than expected earnings in the fourth quarter. Stanley Works agreed to buy Black & Decker for $3.5 billion.
Mayank Mehta
02 Nov, 2009
New York City
European markets closed higher after trading lower for the last four trading sessions. Manufacturing indexes expanded in the US and UK. French auto sales increased 20.1% in October. Hugo Boss dropped 9% after it reported third quarter net down 25%. Linde AG third quarter net dropped 4.5%.
123jump.com Staff
02 Nov, 2009
New York City
UK stocks closed higher after mining and resource stocks regained some of the lost ground. UAE based ENOC agreed to acquire the remaining stake in Dragon Oil for
