Trupti Mehta
14 Jul, 2009
New York City
Stocks in Mumbai trading rebounded on the rainy forecast and firmer global markets. Energy and metals sectors and stocks in banking gained in trading. HDFC Bank and State Bank of Bikaner & Jaipur advanced on earnings. Aban Offshore surges on Morgan Stanley recommendation.
Mayank Mehta
13 Jul, 2009
New York City
European markets closed higher on the back of rally in banking and steelmaker stocks in Germany and France. Banks surged on the hopes that the U.S. banks earnings this week in New York will be better than expectations. Thyssen Krupp, Salzgitter, ArcelorMittal jumped. Philips gained on earnings.
123jump.com Staff
13 Jul, 2009
New York City
U.S. stocks surged on the optimism that tech stocks and banks will reported better than expected earnings. Goldman Sachs is expected to report higher than estimated earnings on sharply higher trading revenues. Japan scheduled national election on August 30.
Trupti Mehta
13 Jul, 2009
New York City
UK stocks closed higher after merger talks heated up and stocks in New York closed up on the speculation that Goldman Sachs is likely to report profit that will match its record in 2007. Friends & Provident surged on a bind from Resolution that the insurance company rejected.
Mayank Mehta
13 Jul, 2009
New York City
CIT Group led decliners in the S&P 500 index as the company faces prospects of bankruptcy. Expeditors International estimated substantially lower quarter earnings. American Dairy, China based milk powder producer and distributor plunged 40% after the company estimated revenues below expectations.
123jump.com Staff
13 Jul, 2009
New York City
The restaurant operator quarterly revenue dipped 7.1% to $317.2 million on same-restaurant sales fall of 3.2%. Net income increased 3.7% to $14.4 million in the quarter. Earnings per share rose to 28 cents from 27 cents the prior-year quarter.
Mukesh Buch
13 Jul, 2009
New York City
Stocks in HK and Shanghai declined after the Central bank in Beijing sounded cautionary note on the recent rise in bank loans. Exports in June fell 21.4% and trade surplus plunged 40%. Chaina Eastern and Shanghai Airlines announced merger plan. Chigo Group completed initial public offering in HK.
Mukesh Buch
13 Jul, 2009
New York City
The ruling LDP party in Japan faces uphill task on the election scheduled on August 30. The opposition party DPJ controls the upper house of the National Diet and is favored to win the election. Stocks fell on the election uncertainty. Kirin and Suntory are reported in merger talks.
Mayank Mehta
13 Jul, 2009
New York City
Australian stocks closed lower as the ongoing controversy between China and Australia heats up. China has arrested Rio Tinto staff under the charges of espionage and bribery related to iron ore price negotiations. Rio Tinto dropped 3.6%. Virgin Blue denied that it is planning to raise A$400 million.
123jump.com Staff
13 Jul, 2009
New York City
Stocks in Mumbai closed lower as markets in Asia fell. The uncertainty related to monsoon rains dragged auto and consumer stocks. IT services stocks rallied for the second day in a row on better than expected outlook from Infosys. Rupee closed at 49.14 to a dollar.
123jump.com Staff
12 Jul, 2009
New York City
The India-based consulting and IT services provider total quarterly revenue declined 3.4% to $1.12 billion. Net income increased 1.6% to $313 million in the quarter. Earnings per share rose marginally to 55 cents from 54 cents a year-ago quarter.
123jump.com Staff
10 Jul, 2009
New York City
The new GM hopes that fewer products, cleaner balance sheet and smaller workforce will help the automaker survive in a market that may have more to shrink. Stocks closed lower for the week as prospect of global economic recoveries look slim. Chevron issued weak outlook.
Sarla Buch
10 Jul, 2009
New York City
European markets are facing bearish investment sentiments as global economic recovery prospect dim. Italian industrial production in May was unchanged but French industrial output increased. UK wholesale prices declined. Arcelor Mittal is threatened with coal mining seizures in Siberia.
Trupti Mehta
10 Jul, 2009
New York City
Stocks in London traded lower. The June month producer price index declined at a faster pace than in May. Insurance companies stocks fell after Aviva was the subject of market rumors of imminent dividend cut.
Mayank Mehta
10 Jul, 2009
New York City
Memc Electronic Materials led gainers in the S&P 500 index with a rise of 4.8%. Infosys Technologies first quarter net profit rises but revenues edge lower. FCStone Group, Inc swings to third quarter net loss. The Shaw Group third quarter profit falls to $7.9 million.
