Darlington Musarurwa
09 Jun, 2009
New York City
China auto and commercial vehicles sales surge in May and for the year after the government offered tax rebates. China also boosted tax incentives to exporters of electronics and other products. Financials rallied on media speculation of a merger between Ping An and Shenzhen Development Bank.
123jump.com Staff
08 Jun, 2009
New York City
The office supply chain first quarter sales grew 19% to $5.82 billion and earnings fell by 33% to $143 million due to one time costs and higher operating expenses. Earnings per share were 20 cents as against 30 cents a year ago.
123jump.com Staff
08 Jun, 2009
New York City
U.S. stocks reversed course in the afternoon as talks of recovery gained momentum. Commodities and crude oil prices declined. Home builders rebounded. Yields on U.S. Treasurys increased.
Darlington Musarurwa
08 Jun, 2009
New York City
The Bank of England proposed to expand the acceptable collateral in exchange of loans to corporations. Lloyds Banking to return
Mayank Mehta
08 Jun, 2009
New York City
Verisign, the Internet domain registry declined after a court ruling that permitted trial against the company for anti-trust violations. Allied Irish Banks dropped 11% after the long term debt outlook was lowered for the second time this year.
Darlington Musarurwa
08 Jun, 2009
New York City
Stocks in Japan increased after the U.S. unemployment in May was less than expected. Exporters led the gainers. JGC surged after the company was selected by Algerian state oil and gas company for $1.5 billion contract. Japan''s current account surplus drops 54.5% in April.
Darlington Musarurwa
08 Jun, 2009
New York City
The battle for copper and gold miner Oz Minerals heated up ahead of its annual meeting this week. OZ Mineral in a press release advised its shareholders to approve the deal with China based Minmetals and rejected non-binding recapitalization offer from its bankers.
Darlington Musarurwa
08 Jun, 2009
New York City
The benchmark indexes after rallying for thirteen weeks closed lower. Foreign investors added net $640 million or 2,600 crore rupees of stocks. Tata Steel shipment in May increased 18%. Indiabulls Real Estate reported quarterly loss. Airlines plunged after IATA doubled its estimate of losses.
123jump.com Staff
06 Jun, 2009
New York City
Retailers struggle to entice consumers as the U.S. economy continues to shed more jobs. Luxury and department stores lead the declines in the month and year-to-date sales. Discount same store sales increases have moderated as consumers look for ways to trim purchases.
123jump.com Staff
06 Jun, 2009
New York City
Auto parts retailer third quarter sales were up 9.3% to $1.66 billion while net income rose 9.5% to $173.69 million driven by higher sales of replacement parts. Earnings per share were $3.13 as against $2.49 a year ago.
123jump.com Staff
05 Jun, 2009
New York City
Stock investors focus on commodities markets and volatility in crude oil prices remain steadfast. Unemployment rate increased to 25-year high as manufacturing sheds more jobs and is likely to contribute to higher unemployment for the rest of the year.
Darlington Musarurwa
05 Jun, 2009
New York City
Input prices declined 0.4% in May and construction fell sharply in the first quarter. UK stocks closed higher as Prime Minister Brown shuffled his cabinet to consolidate his power. Xenophobic lawmakers force Rio Tinto to abandon investment from China and strike a joint venture with BHP Billiton.
123jump.com Staff
05 Jun, 2009
New York City
BHP Billiton and Rio Tinto agreed to form a joint venture to share haulage resources and iron ore mines in Pilbara region of Western Australia. Fortescue and BC Iron also agreed on a similar deal. Australian xenophobic lawmakers in the end scuttled the deal with China.
Darlington Musarurwa
05 Jun, 2009
New York City
As commodities and crude oil prices reached 30-week high, stocks in the energy complex in Tokyo gained.Shippers after rallying for more than twelve weeks closed lower. Trading companies closed higher after crude oil prices closed up.
Mayank Mehta
05 Jun, 2009
New York City
U.S. stocks traded up and down after the release of unemployment report. Boston Properties sold 15 million shares. Wal-Mart plans to buy back $15 billion of its stocks. Rio Tinto increased after it scrapped its merger with Chinalco and planned to raise $15 billion.
