123jump.com Staff
13 Aug, 2008
New York City
Retail sales in China rose at 23.3% in July after gaining at 23% rate in June. In addition, real estate prices rose 7% in the month, but at the slowest pace in the year so far from a year ago. The price rise has steadily declined from a rise of 11.3% in January to 9.2% in May. The report also notes that prices of existing homes advanced 6% year-on-year during the period, which is 1.5 percentage points higher than June.
123jump.com Staff
13 Aug, 2008
New York City
Stocks in Japan fell 2% after economy contracted at the end of the first fiscal quarter and current account surplus fell. Exports declined in the quarter along with the rising food and energy prices kept consumer spending in check. GDP in the quarter to June contracted at 2.4% as exports fell 2.3% and imports declined 2.8% with the consumer spending weakening by 0.5%. Mitsubishi UFJ commences its tender offer to acquire UnionBanCal and may have to raise it above the current $3 billion offer.
123jump.com Staff
18 Aug, 2008
New York City
U.S. stocks opened higher tracking fractional gains in the European markets. Markets in overnight trading in Asia closed mixed with Japan index trading up 1% but index in Hong Kong fell more than 1%. In the UK trading, commodities and energy stocks traded higher with a slight pick up in crude oil and metals prices. BHP Billiton increased its dividend by 49% after it reported annual earnings rise of 15% and revenue gain of 25%. Lowes, home improvement
Elena
03 Jan, 2006
New York City
Asian-Pacific benchmarks closed higher Tuesday on economic optimism and strong performance in 2005, led by Taiwan Weighted index, up 1.4%. Japan, China and New Zealand were still closed for the New Year holiday. European stocks were also strong at mid-day, lifted by oil and gas companies, and upbeat German employment data. Walgreen, drugstore chain, posted 5% profit rise in the first quarter on higher generic drugs sales.
123jump.com Staff
21 Dec, 2009
New York City
U.S. stocks advanced after the yield curve steepened, mining stocks rise and healthcare stocks gain on high volume. Rate spread between two and ten years bonds increased to 281 basis points. Commodities prices edged higher. Merger news of $4 billion also contributed to gains in indexes.
123jump.com Staff
23 Jul, 2009
New York City
The high-end motorcycle manufacturer second quarter revenue slipped 27% to $1.15 billion due to 30% drop in total motorcycle sales and earnings tumbled 91% to $19.8 million as a result. Earnings per share were 8 cents against 95 cents in the year ago quarter. company expects to cut 1000 more jobs.
123jump.com Staff
15 Jun, 2009
New York City
UK and European stocks closed lower on worries of rising inflation, a prospect of slower economic recovery and increased government debt. UK plans to raise
123jump.com Staff
15 Jun, 2009
New York City
Hong Kong stocks declined on a weakness in metals and mining sector. Shanghai closed higher. Foreign direct investment in China fell 18% in May. The yuan declined in Shanghai trading.
123jump.com Staff
15 Jun, 2009
New York City
Australian stocks declined after metals closed lower. Goodman Group surges on talks of investment from China. Atlas Iron Limited surged 17% after it proposed public offering of A$117 million to fund iron ore mining expansion.
123jump.com Staff
30 Jun, 2009
New York City
European markets edged lower after unemployment in Germany increased and French producer prices declined. Porsche will seek alternative sources of funding to refinance its
Sarla Buch
30 Jun, 2009
New York City
UK benchmark indexes fell after the downward revision of the first quarter GDP. The revision raised the speculation that the annual GDP may decline more than the government estimate despite the large economic stimulus. The GDP decline from a year ago was the sharpest in five decades. The pound fell.
Mayank Mehta
22 Jul, 2009
New York City
Indian Government tax collection in June increased 3.7% and India is not likely to meet its export target of $200 billion in the current fiscal year. Monsoon rains are still trailing the historical average sparking fears of drought. HDFC quarterly net gains 21%.
123jump.com Staff
21 Jul, 2009
New York City
Apple and Starbucks surge in the after-hours on earnings reports. Apple net increased 15% in the third quarter and sales of iPhone surged six-fold. Starbucks earnings increased on cost cutting. Yahoo! quarterly revenues declined 13% and net income increased 8%.
Mukesh Buch
21 Jul, 2009
New York City
Earnings optimism lifted stocks for the second day in a row. Fed Chairman Bernanke urged lawmakers to balance the budget and noted that unemployment will remain high in 2010 and 2011. Industrial stocks edged higher but banks were weak.
Mayank Mehta
02 Jul, 2009
New York City
Dynegy led the decliners in the S&P 500 index with a loss of 9.1%. Acuity Brands third quarter profit drops 46% on weak construction. Unify reported fourth quarter net rises. Monster Worldwide drops after unemployment surges.
