Ivaylo
13 Feb, 2001
New York City
Asia ended mixed Tuesday with Japanese stocks reaching their highest level in more than six years, but HK stocks dropped sharply on investor worries over fund outflows before the Lunar New Year. In South Korea, the benchmark index was buoyed by news related with North Korea, while Chinese transport-related companies lifted shares higher on heavy traffic before the Chinese New Year. In Australia, the stock market set new record highs, as investors were focused on earnings and M & A activity.
Elena
13 Feb, 2007
New York City
According to reports, BHP Billiton and Rio Tinto are separately considering bids for the aluminum producer, but haven''t approached Alcoa''s board yet. The report suggests that the metals giants want to boost production with aluminum prices hitting records. Shares in the Dow component rose 10% in Frankfurt, while BHP Billiton and Rio Tinto each gained 1.3% in midmorning London trading.
Ivaylo
13 Feb, 2007
New York City
The market opened lower and soon tumbled below to a low of 13,958. The market recovered at noon on buying in large-caps. Market fell again to rebound just before close with a 100 loss. Bajaj Auto, ONGC and Bharti Airtel led the gainers, while Hindalco and Reliance Comm led the decliners. The government is considering the option of reducing the excise duty in gasoline. TCS wins Chinese government contract to revamp foreign exchange system.
Ivaylo
13 Feb, 2007
New York City
The market opened lower and soon tumbled soon below to a low of 13,958 in early deals. The market recovered at noon on intense buying in large-caps. Trading was though, highly volatile and the market fell again to rebound just before close with a 100 loss. Bajaj Auto, ONGC and Bharti Airtel led the gainers, while Hindalco and Reliance Comm led the decline. The government is considering the option of reducing the excise duty in gasoline. World Bank confident India will tame inflation.
Ivaylo
13 Feb, 2007
New York City
European shares rose on Tuesday morning, as gains from oil price-sensitive auto makers and airlines offset weaker performances from drug maker Sanofi-Aventis, Swiss bank UBS and the British property sector. Automaker Peugeot and airline Ryanair gained on the fall of crude oil, while Sanofi Aventis fell although its Q4 operating profit topped expectations. By mid morning, Frankfurt Xetra Dax gained 0.4%, the CAC 40 in Paris added 0.4% and London FTSE !00 climbed 0.2%.
Ivaylo
13 Feb, 2007
New York City
Last week
123jump.com Staff
12 Feb, 2007
New York City
Vodafone has found its passage to India, but at what cost. The company, known for its expensive telecom asset acquisition in the past, appears to be ready to pay top dollars for a fast growing mobile operator in one of the fastest growing cell phone markets in the world. Assumptions of market growth rates may have to be revised if current estimates of economic growth rates may not be realized. Vodafone may need more than third partner to share this risk.
123jump.com Staff
14 Feb, 2007
New York City
Market averages got a much needed boost from the Fed Chairman Bernanke. During the speech in front of Senate Banking Committee, the Chairman said that economy is in good health but will grow at a slower pace this year. The growth may pick up on 2008 if housing market continues to stabilize. The Chairman also suggested that the inflation is on decline but remains at elevated level. He also added that record trade deficits are not good for the country but raising trade barriers will do more harm.
123jump.com Staff
12 Feb, 2007
New York City
Stocks traded lower with no economic news and ahead of Fed Chairman testimony. Home Depot may sell supply division. Russia led the global sell-off with 2.5% loss followed by 2.4% drop in India. European stocks dropped on worries of higher inflation in the U.S. Vodafon agrees to buy fourth largest telecom company in India for $11 B. Hindalco of India to buy Novelis for $6 B and Four Seasons agrees to go private. U.S. Federal deficit declines 57% in the four months of current fiscal year.
123jump.com Staff
12 Feb, 2007
New York City
Stocks declined, pressured by losses in shares of energy companies after a nearly 4% drop in oil prices. Shares of Google fell 1.4% to $455.45 and led the decliners on the Nasdaq. Treasury Department reported deficit for the first four months declined by 57%. Wal-Mart is reported to be searching a partner for Russian chain. Four Seasons agrees to be bought for $82 per share of $3.8 billion by management.
Elena
12 Feb, 2007
New York City
European stocks closed lower on Monday, as companies in the construction sector declined, offsetting gains from mobile telecom giant Vodafone Group. The French Saint Gobain and Britain''s Hanson dropped more than 1% amid interest-rate worries. Shares in mobile operator Vodafone Group rose 1.3% after the company agreed to buy a 67% stake in India''s Hutchison Essar for $11.1 billion. The German DAX 30 slipped 0.8%, the French CAC-40 dropped 0.9%, and the U.K. FTSE 100 fell 0.5%.
Elena
12 Feb, 2007
New York City
U.S. stock markets continued to post losses amid disappointment over the collapse of several acquisition deals and cautiousness ahead of key economic data. Bristol Myers dropped 5% on news that Sanofi-Aventis ended deal talks amid a disagreement over price. At the same time, Four Seasons Hotels dropped 3% after it agreed to be taken private by Cascade Investment, Kingdom Hotels and Isadore Sharp for $3.8 billion, or $82 a share in cash.
Elena
12 Feb, 2007
New York City
U.S. stocks opened narrowly mixed on Monday, as an upgrade of Apple failed to offset disappointing deal news and uncertainty ahead of key economic data due out later this week. Bristol-Myers Squibb fell 4% following a report that Sanofi-Aventis ended merger talks with the U.S. pharmaceutical group. The Nasdaq Stock Market fell 1.6% after saying over the weekend that shareholders did not approve its bid to acquire the London Stock Exchange.
Ivaylo
12 Feb, 2007
New York City
Vodafone appears to lead in the bid for Hutchison Essar in a fiercely contested battle last night in a deal that values the fourth largest mobile operator in India at $19 billion. It will be the largest foreign investment in the history of India. Vodafon bid topped the offer put forward by Reliance Communications, the second largest mobile operator, the one by Essar, conglomerate that already owns 33% of Hutch Essar and Hinduja group, the fourth bidder. vodafone may need additonal partners.
Ivaylo
12 Feb, 2007
New York City
Asian market finished lower Monday, with Hong Kong tumbling on China Mobile and property developers. In South Korea, shares ended lower on banking and technology stocks. The Australian benchmark index also lost but the material sector bucked the trend and gained. On the other hand, Chinese stock markets advanced on bargain hunting in large-caps. Markets in Japan were closed for a national holiday.
