123jump.com Staff
02 Mar, 2009
New York City
Australian wages and salaries increase 0.2% in the December quarter and new home sales advance 8% in January. Australian manufacturing index drops in February. Stocks in Australia fell on a weakness in metal prices and worries that industrial activities will slowdown in the rest of the year.
123jump.com Staff
02 Mar, 2009
New York City
Japan stock indexes dropped after wages dropped in January on worsening conditions on the global financial markets. Domestic sales of new cars excluding mini-vehicles fell 32.4% to 218,212 units in February as sales from Toyota and Honda plunged 32% and 21% respectively.
123jump.com Staff
02 Mar, 2009
New York City
Stocks in Hong Kong fell sharply after HSBC reported a larger than expected loss and proposed to raise 12.5 billion pounds at 51% discount to the latest closing price.
123jump.com Staff
27 Feb, 2009
New York City
U.S. stocks closed lower after a sharp revision in the fourth quarter estimate of GDP shrink to 6.2%. General Electric cut 68% its dividend and save $9 billion. Citigroup agreed to let the U.S. increase its stake in the bank to 36% after it converted $25 billion in preferred stock to common stock.
123jump.com Staff
27 Feb, 2009
New York City
Bank nationalization fears drag European shares down. Deutsche Telekom gains on better than expected earnings. Germany inflation unexpectedly climbed in February weighing the sentiment in trading in markets in Germany, France and Switzerland.
123jump.com Staff
27 Feb, 2009
New York City
The Interpublic Group led gainers in the S&P 500 index with a rise of 3.0%. The Gap, Inc post lower profits. MoneyGram International, Inc turns a fourth quarter profit. Warner Chilcott Limited swings to loss in fourth quarter. Banks fell after Treasury converted its preferred share to common stocks.
123jump.com Staff
27 Feb, 2009
New York City
India foreign exchange reserves falls $165 million in the week ending February 20. India
123jump.com Staff
27 Feb, 2009
New York City
Agricultural Bank of China to issue Rmb350 billion bonds in 2009. In Shanghai trading stocks fell for the third day in a row and closed down more than 7% for the week. Investors are increasingly revising their economic expectations outlook downward as global economic crisis deepens.
Darlington Musarurwa
27 Feb, 2009
New York City
Australian stocks ended flat on disappointing earnings at both Woolworths and OZ Minerals. Energy stocks helped trim losses as crude oil prices rose 6.4% to $45.2 per barrel. Woolworth reported sales rise of 9% and net income increase of 10%. OZ Minerals reported net loss.
123jump.com Staff
27 Feb, 2009
New York City
Industrial production in Japan drops 10% in January. The sharp decline in production was led by the slowdown in machinery, automobiles and other industrial products manufacturing. The production plunged 31% from a year ago. Japan Lower House of parliament passed 88.5 trillion yen budget.
123jump.com Staff
26 Feb, 2009
New York City
President Obama proposed a budget that increase tax for wealthy, multinationals and oil companies, increase spending on infrastructure and defense and cut subsidies for rich farmers, leveraged buy out deals and healthcare payments. He also proposed to spend heavily to shore up faltering banks.
123jump.com Staff
26 Feb, 2009
New York City
European stocks rebound after a decline for four days in a row on the optimism that the region wide government bailout of the banking sector will stabilize financial markets. German unemployment increased for the fourth month in a row.
123jump.com Staff
26 Feb, 2009
New York City
Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1%. Aegean Marine Petroleum Network, Inc posts strong fourth quarter earnings. Donaldson Company, Inc second quarter profit down slightly. General Motors Corporation reports $9.6 billion loss for fourth quarter.
123jump.com Staff
26 Feb, 2009
New York City
Inflation in India dropped. The weekly measure of annualize inflation index declined to 3.36% at the end of second week in February, lifting market averages. The commerce minister Nath announced additional measures to boost traditional goods and estimated exports of $175 billion in the current year.
123jump.com Staff
26 Feb, 2009
New York City
Global markets continue to trade downward as economic slump widen around the world and U.S. lawmakers waver. Japan automakers slash production. General Motors report second worst annual loss. UBS replaces its chief in less than two years and looks for ways to slash operating costs.
