123jump.com Staff
08 Sep, 2009
New York City
A surge in commodities prices and merger activities are expected to lift stocks higher at the opening. World stocks gained for the fourth day in a row after gold traded at six months high and silver at 13-month high. Kraft $16 billion bid for Cadbury is expected to attract more interest.
123jump.com Staff
07 Sep, 2009
New York City
Stocks in Tokyo rebounded after finance officials from G-20 nations pledged to keep global stimulus in place. Dollar edged lower against yen. Showa Shell plans to increase solar panel output ten-fold. Japan Steel Works estimates sharply higher China nuclear plant construction.
123jump.com Staff
07 Sep, 2009
New York City
Australian dollar reached a high last seen in eleven months of trading as job advertising index showed a rebound and construction activity remained subdued. Sigma Pharmaceuticals was halted after the company is in a deal to buy assets of Bristol-Myers Squibb.
Mayank Mehta
07 Sep, 2009
New York City
Deutsche Telekom and France Telecom agreed to merge their UK operations as recession erodes revenues and profits. German factory orders increase for the fifth month in a row. Euro gains against dollar and yen. Technip SA surged after it was selected to replace Air France in CAC-40 index.
Mayank Mehta
07 Sep, 2009
New York City
UK stocks surged after Cadbury rejected 10.2 billion bid from Kraft. The unsolicited bid offered 74 pence a share and Kraft is likely to return with a higher bid. Whitbred surged after it estimated net for the year at the upper end of the range and sales at Costa unit increased.
Mayank Mehta
07 Sep, 2009
New York City
Mumbai stocks advanced as rainfall picked up in the last week. Rain deficit at the end of last week across the nation is now 21%, lower than 35% a month ago and 50% in June. The Oil India IPO receives lukewarm response on the first day of subscription.
Mayank Mehta
04 Sep, 2009
New York City
The WTO rules against Airbus 380 subsidies provided by EU to EADS. Air France KLM plans to eliminate 1,500 staff and reduce cargo capacity by 15%. Deutsche Telekom is in talks to sell its T-Mobile UK unit. PSA Peugeot Citroen and Mitsubishi Motors are planning a joint venture to sell electric cars.
Mukesh Buch
04 Sep, 2009
New York City
U.S. stocks closed higher after four days of decline. Gold and silver traded near their recent highs. The unemployment rate increased to 9.7% in August. The WTO is expected to rule against Airbus on the illegal subsidies from the EU.
123jump.com Staff
04 Sep, 2009
New York City
Mining companies gained for the second day in a row on a rise in gold and silver related stocks. Wellstream Holdings sold its pipe technology division to focus on off-shore pipe business. Elan Corp violated a contract with Biogen after it agreed to sell a stake in the company to Johnson & Johnson.
Mayank Mehta
04 Sep, 2009
New York City
Esterline Technologies surged after it lifted its earnings outlook. Shanda Interactive, the Chinese game developer plans to spin-off its U.S. division and list on Nasdaq. Freddie Mac gained after it met NYSE listing price requirements. Moodys declined after Berkshire lowered its holding.
Mayank Mehta
04 Sep, 2009
New York City
Stocks in Mumbai gained despite the weakness in the regional trading. Market indexes closed higher on the monsoon rain pickup, better than expected auto sales and benign wholesale inflation index. Oil India is preparing its public offering. Steelmakers increase production and shipment in August.
123jump.com Staff
04 Sep, 2009
New York City
U.S. stocks gained in the morning trading after the release of jobs report. Employers eliminated 216,000 jobs in August and unemployment increased to 9.7% from 9.4% in July. European markets trade up 1% ahead of G 20 finance officials meeting in London.
Darlington Musarurwa
04 Sep, 2009
New York City
Coal companies surged as merger activities in the sector heats up. Only a day ago Coal India, the state controlled coal miners said that it is looking to acquire coal companies in Australia. Rio Tinto has suspended its price negotiation talks with China.
Mayank Mehta
03 Sep, 2009
New York City
Australian trade deficit in July increase after imports exceeded exports for the second month in a row. The Australian dollar increased after gold and silver prices surged. Coles Group enters general insurance business. Karoon Gas plans to drill additional areas off the coast of Western Australia.
123jump.com Staff
03 Sep, 2009
New York City
Wholesale inflation declined at a slower pace in the latest read and is expected to turn positive in the next few weeks. Markets may come under pressure if inflation accelerates. Thermax India is the latest company to win more power projects as the nation accelerates infrastructure investment.
